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REIT Comments |
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07/29/2010
CLI $32
Mack-Cali Realty CLI 2Q 2010 FFO $0.71 v $$0.87 DOWN (18%)
CLI tightened range of guidance for 2010 FFO $2.73-$2.83 v $3.32 DOWN (15%)-(18%)
CLI previous guidance 2010 FFO $2.70-$2.90
CLI 2Q 2010 occupancy 88.9%
CLI 2Q 2010 rents on new and renewed leases DOWN (11.2%)
CLI 2Q 2010 retention 71.4%
CLI an Office REIT with a portfolio of suburban office properties concentrated in NJ and NY
CLI we rank 5 SELL
CLI market cap $3.0 billion
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