MACK-CALI REALTY CORPORATION
Sector: Indices SP 400
Latest Quote @ Sun May 5 02:06:07 (15 min delayed)
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Mack-Cali Realty Corporation, a real estate investment trust (REIT), engages in the leasing, management, acquisition, development, and construction of real estate properties in the United States. As of July 21, 2005, the company owned or had interests in 271 properties, primarily office and office/flex buildings, totaling approximately 30.2 million square feet. Its properties also include industrial/warehouse buildings, retail properties, a hotel, and parcels of land leased. Mack-Cali Realty has properties in seven states, primarily in the northeastern United States, as well as in the District of Columbia. The company has elected to be treated as a REIT and would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. Mack-Cali Realty was incorporated in 1994 and is headquartered in Cranford, New Jersey.