Mack-Cali Realty (CLI) Tops Q3 EPS by 5c; Guides Above the Street
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Mack-Cali Realty Corporation Announces Third Quarter 2016 Results
October 25, 2016 7:19 PM EDTJERSEY CITY, N.J., Oct. 25, 2016 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the third quarter 2016.
Recent highlights include:
Net income (loss) of $(0.10) per diluted share for the quarter; Funds from Operations (FFO) per diluted share increased 17.6% to $0.60; with Core FFO growth of 16.7% to $0.56 for the quarter; Increased rental rates by 9.1% on a GAAP basis and 2.3% on a cash basis; Overall portfolio 87.7% leased at quarter end; a 2.2% improvement over third... More