Mack Cali Realty Corp (CLI) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.49 EPS for the quarter. Analysts had a consensus estimate of $0.49. Analysts expectations of $151.75 million. During the same quarter in the previous year, the company posted $0.43 EPS.
Mack Cali Realty Corp opened for trading at $24.53 and hit $24.985 on the upside on Friday, eventually ending the session at $24.89, with a gain of 1.59% or 0.39 points. The heightened volatility saw the trading volume jump to 5,45,230 shares. Company has a market cap of $2,230 M.
In a different news, on Feb 5, 2016, Ricardo Cardoso (EVP & Chief Investment Officer) purchased 23,000 shares at $19.54 per share price. According to the SEC, on Sep 30, 2015, Jonathan Litt (director) purchased 130,500 shares at $19.08 per share price.
Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex and multi-family rental properties located primarily in the Northeast. The Company operates through three segments: commercial and other real estate multi-family real estate and multi-family services. It provides leasing property management acquisition development construction and tenant-related services for its commercial and other real estate and multi-family real estate portfolio. The Company holds interests in approximately 283 properties consisting of around 264 commercial properties totaling approximately 31.0 million square feet leased to approximately 2000 commercial tenants; around 19 multi-family rental properties containing 5484 residential units and developable land. The properties are located in seven states primarily in the Northeast and the District of Columbia.