Mack-Cali Realty Corporation Reports First Quarter 2021 Resu

Mack-Cali Realty Corporation Reports First Quarter 2021 Results


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JERSEY CITY, N.J., May 6, 2021 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the first quarter 2021.
FIRST QUARTER 2021 HIGHLIGHTS
Net income (loss) of $0.06 per diluted share for the first quarter 2021, as compared to $(0.47) per diluted share for the first quarter 2020
Core Funds from Operations ("Core FFO") per diluted share of $0.18 for the first quarter 2021, as compared to $0.33 for the first quarter 2020
Through April 20, 2021, the Company completed $547 million of suburban office disposals comprising 1.9 million square feet and releasing approximately $370 million of net cash proceeds used to repay unsecured debt
The office portfolio was 74.2% leased as of March 31, 2021, as compared to 78.7% at year end, reflecting 78,901 square feet of new leases and lease extensions signed during the first quarter (net of expirations)

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