Company Overview and News
Mack-Cali Realty Corporation’s (CLI - Free Report) operating partnership — Mack-Cali Realty, L.P. —recently experienced a rating downgrade from Moody's Investors Service. Specifically, its senior unsecured debt rating has been downgraded to Ba1 from Baa3. Further, the rating outlook remains negative. Continued fall in portfolio lease rate, weakness in leverage metrics and decline in the company’s unencumbered asset base are responsible for this rating downgrade. (20-0)
Following the busiest week of 2017 with ten IPOs coming to market, the following week will be another record breaker with 12 IPOs scheduled to raise a combined $2.1 billion. The week will be led by suburban office REIT Workspace Property Trust (Pending:WSPT), looking to raise $527 million; the deal was initially expected to price this past week, but got postponed at the last minute. Other notable deals include online personal styling service Stitch Fix (Pending:SFIX), Chinese wealth management platform Jianpu Technology, automated email platform SendGrid (Pending:SEND) and specialty chemical producer MPM Holdings (Pending:MPMH). (41-0)
Good day, everyone, and welcome to the Mack-Cali Realty Corporation Third Quarter 2017 Earnings Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to Mr. Michael DeMarco, Chief Executive Officer. Please go ahead, sir. (12-0)
The following slide deck was published by Mack-Cali Realty Corp. in conjunction with their 2017 Q3 earnings call. (3-0)
Mack-Cali Realty Corp. (CLI - Free Report) reported third-quarter 2017 core funds from operations (FFO) per share of 57 cents, missing the Zacks Consensus Estimate by a penny. However, the figure compared favorably with the prior-year quarter tally of 56 cents. Total revenues of $160.0 million exceeded the Zacks Consensus Estimate of $153.9 million and came in 1.6% higher than the year-ago quarter. (15-0)
DDR Corp.’s (DDR - Free Report) third-quarter 2017 funds from operations (FFO) per share of 30 cents surpassed the Zacks Consensus Estimate of 27 cents. However, the figure declined 3 cents from the prior-year quarter. Results reflect higher-than-expected business in the company’s Continental U.S. portfolio and balance-sheet improvement efforts. However, the dilutive effect of deleveraging generated through sale of assets was primarily responsible for the decline in FFO from the prior-year quarter. (5-0)
Retail real estate investment trust (REIT) Taubman Centers Inc. (TCO - Free Report) reported third-quarter 2017 adjusted funds from operations (FFO) per share of 83 cents, which missed the Zacks Consensus Estimate of 89 cents. The figure also came 11.7% below the year-ago tally of 94 cents. However, revenues came in at $153.2 million, beating the Zacks Consensus Estimate of $149.0 million. Revenues were also up 3. (9-0)
Host Hotels & Resorts, Inc. (HST - Free Report) reported third-quarter 2017 adjusted funds from operations (FFO) of 33 cents per share, which came in line with the Zacks Consensus Estimate. However, the adjusted FFO per share fell 10.8% from the year-ago tally. Results reflect the difficult year-over-year comparisons in Brazil, holiday shift, the impact of the hurricanes, as well as revenue loss from disposition of hotels. (5-0)
HCP Inc. (HCP - Free Report) — a healthcare real estate investment trust (REIT) — reported third-quarter 2017 funds from operations (FFO) as adjusted of 48 cents per share, beating the Zacks Consensus Estimate of 46 cents. Comparable FFO as adjusted in the prior-year quarter was 50 cents per share. Results were driven by growth in the three-month same property portfolio (SPP) cash net operating income (NOI). (4-0)
Lancaster Colony Corporation (LANC - Free Report) is a manufacturer and marketer of specialty food products.The Zacks Consensus Estimate for its current year earnings has been revised 2.1% downward over the last 30 days. (16-0)
Welcome to another edition of "3 Things In Biotech You Should Learn Today," a daily digest dedicated to helping you keep pace with the fast-moving world of pharmaceutical and biotechnology research. (82-0)
JERSEY CITY, N.J., Sept. 14, 2017 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today announced that its Board of Directors has declared a cash dividend of $0.20 per common share (indicating an annual rate of $0.80 per common share) for the period July 1, 2017 through September 30, 2017. The dividend will be paid on October 13, 2017 to shareholders of record as of October 3, 2017.
August 10, 2017 - Fmr Llc has filed a SC 13G/A form disclosing ownership of 3,833,649 shares of Mack-Cali Realty Corp. (NYSE:CLI) corresponding to a(n) 4.265 ownership percentage.
Mack-Cali Realty Corp. (CLI - Free Report) reported second-quarter 2017 core funds from operations (“FFO”) per share of 60 cents, missing the Zacks Consensus Estimate by a penny. However, the figure came in 9.1% higher than the prior-year quarter tally. The year-over-year increase in core FFO per share was driven by higher base rents in 2017 and interest expense savings from refinancing of high-rate debt.
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton