Mack-Cali Realty (CLI) Tops Q1 FFO by 2c, Reaffirms FY15 Guidance

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Mack-Cali Realty Corporation Announces First Quarter Results

April 23, 2015 6:45 AM EDT

EDISON, N.J., April 23, 2015 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2015.

Recent highlights include:

Reported funds from operations for the quarter of $0.43 per diluted share; Reported net loss of $0.03 per diluted share; Acquired developable land in Worcester, Massachusetts, for approximately $3.1 million; and Sold an office/flex property in West Deptford, New Jersey for net sales proceeds of approximately $1.1 million.

FINANCIAL HIGHLIGHTS

Funds from operations (FFO) for the quarter ended March 31,... More