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Mack-Cali Realty Corporation Announces Fourth Quarter 2016 Results

 Mack-Cali Realty Corporation (NYSE: CLI) today reported its results for the fourth quarter 2016.

Recent highlights include:

Net income of $0.17 per diluted share for the quarter;Funds from Operations per diluted share of $0.33; with Core Funds from Operations growth of 19.1% to $0.56 for the quarter;Increased rental rates by 12.2% on a GAAP basis and 3.5% on a cash basis at its Core/Waterfront/Flex properties;Core/Waterfront/Flex properties were 90.6% leased at quarter end; a 1.5%

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