Mack-Cali Realty Corporation (NYSE:CLI) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.06 per share.
Looking ahead, the full year loss are expected at $ 0.88 per share on the revenues of $ 353.17 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.24 ~ $ 1.36 per share
Click Here For More Historical Outlooks Of Mack-Cali Realty Corporation
Previous Quarter Performance
Mack-Cali Realty Corporation disclosed income for the second quarter of $ 0.28 per share, from the revenue of $ 72.65 million. The consensus estimates are loss of $ 0.04 per share from $ 98.91 million in revenue. The top line results fell short of analysts by $ 26.26 million or 26.55 percent.
Stock Performance
Shares of Mack-Cali Realty Corporation traded up $ 0.61 or 5.48 percent on Tuesday, reaching $ 11.75 with volume of 1.14 million shares. Mack-Cali Realty Corporation has traded high as $ 11.92 and has cracked $ 11.11 on the downward trend
According to the previous trading day, closing price of $ 11.75, representing a 4.70 % increase from the 52 week low of $ 10.64 and a 53.37 % decrease over the 52 week high of $ 23.89.
The company has a market capital of $ 1.07 billion and is part of the Real Estate sector and REIT – Office industry.
One of the countrys leading real estate investment trusts (REITs), Mack-Cali Realty Corporation is an owner, manager and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast. Mack-Cali is headquartered in Jersey City, New Jersey, and is the visionary behind the citys flourishing waterfront, where the company is leading development, improvement and place-making initiatives for Harborside, a master-planned destination comprised of class A office, luxury apartments, diverse retail and restaurants, and public spaces. A fully-integrated and self-managed company, Mack-Cali has provided world-class management, leasing, and development services throughout New Jersey and the surrounding region for two decades.
