(CLI) Shares Trading up at $23.50 Mack-Cali Realty Corporation to Present…
Sep 5, 2017Mack-Cali Realty Corporation (NYSE:CLI):Mack-Cali Realty Corporation to Present at the Bank of America Merrill Lynch 2017 Global Real Estate Conference. .modern-resp-in-content { width: 336px; height: 280px; } @media(max-width: 480px) { .modern-resp-in-content { width: 250px; height: 250px; } } The company is now up from yesterday’s close of $23.38. Additionally Mack-Cali Realty Corporation declared a dividend which was paid on Friday July 14th, 2017. The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. This dividend represents a yield of $3.42. The ex-dividend date was Monday the 3rd of July 2017. Mack-Cali Realty Corporation, launched on May 24, 1994, together with its subsidiaries, 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 properties located in the Northeast. The Company operates in three segments: commercial and other real estate, multi-family real estate and multi-family services. Its commercial and other real estate provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. Its multi-family services business also provides similar services for third parties. As of December 31, 2016, the Company owned or had interests in 248 properties, consisting of 119 office and 110 flex properties, totaling approximately 26.6 million square feet, leased to approximately 1,600 commercial tenants and 19 multi-family rental properties containing 5,614 residential units, plus developable land (collectively, the Properties). As of December 31, 2016, the Properties are located in six states, in the Northeast, and the District of Columbia.. It is currently trading at $23.50 marginally under $24.79, the 50 day moving average and well below the 200 day moving average of $26.78. The 5... (Modern Readers)