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REIT Comments |
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07/29/2010
CLI $32
Mack-Cali Realty CLI traded DOWN ($0.71) per share to close DOWN (2%) day
CLI underperformed Office REITs, DOWN (8%) year to date for 2010
CLI indicated resistance to higher rental rates in suburban NJ and NY office properties
CLI slightly reduced top end of guidance range for FFO for 2010
CLI an Office REIT with a portfolio of office properties concentrated in suburban NY and NJ locations
CLI we rank 5 SELL
CLI market cap $2.9 billion
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