Mack-Cali Realty Corporation is an owner, manager, and developer of premier office and multifamily properties in select waterfront and transit-oriented markets throughout the Northeast.

Performance Details

Previous trading day’s Close
$14.31
Current high for the day
$13.36
Current low for the day
$12.76
Day's Volume
566.00
30 days average volume
0.55
Market Cap
$1.22 bil
52-week high
$23.89
52-week low
$10.35
Last paid dividend value
$0.20
Dividend Yield
0.00%
Previous quarter FFO
$162.38mil

Last updated: Jan. 14 2021

Nareit Coverage

Names to Note: September/October 2020

Sarah Borchersen-Keto

Portrait of Sarah Borchersen-Keto

Sarah Borchersen-Keto is Nareit’s editorial director and writes extensively for Nareit’s website and award-winning magazine, REIT: Real Estate Investment Today, and Nareit's website.

Names to Note

People making news in the REIT and publicly traded real estate industry.

Agree Realty Corp. (NYSE: ADC) appointed Craig Erlich as chief investment officer and named Mike Hollman to its board of directors. Erlich previously served on Agree’s board of directors as lead independent director.

Alexander & Baldwin, Inc. (NYSEMKT: ALEX) announced that current chairman Stan Kuriyama, who previously served as CEO from 2010-2015, will retire from the board of directors, effective Sept. 30. Eric Yeaman, who has served as an independent director since 2012, has been named his successor as chairman. The company has also appointed John Leong as an independent director.

Alexandria Real Estate Equities, Inc. (NYSE: ARE) said Jennifer Banks, co-COO, general counsel, and corporate secretary, resigned. Banks had been with the company in various legal positions since 2002. The company also elected Jackie Clem as general counsel and secretary. Clem served as SVP-real estate legal affairs and assistant secretary since 2015 and has been with the company since 2006. Meanwhile, Joseph Hakman was named as co-COO and chief strategic transactions officer. Hakman has served as chief strategic transactions officer since June 2019.

Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT) was honored as one of Houston Business Journal’s Most Admired CEOs of 2020.

EastGroup Properties, Inc. (NYSE: EGP) named Katherine Sandstrom to its board of directors. As an independent director, she will serve as a member of the audit committee. Sandstrom formerly served as senior managing director and global head of Heitman LLC’s Public Real Estate Securities business.

EastGroup also appointed Staci Tyler its SVP and chief accounting officer upon the retirement of Bruce Corkern, who had served in that capacity since 2000. Since joining EastGroup in 2007, Tyler has served in several roles at the company, most recently as VP and controller.

Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced the appointment of Mark Patten as an EVP, CFO, and treasurer. Patten has been an SVP and the CFO of CTO Realty Growth, Inc., previously known as Consolidated-Tomoka Land Co., and also an SVP and the CFO and treasurer of Alpine Income Property Trust, Inc.

Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) said Steven Snyder stepped down as SVP and CFO.

Gerald Hines, founder and chairman of the international real estate firm Hines passed away peacefully at home on Aug. 23 at the age of 95. Hines founded his namesake firm in Houston in 1957 and today it is active in 225 cities in 25 countries.

Mack-Cali Realty Corp. (NYSE: CLI) appointed board chair MaryAnne Gilmartin as interim CEO. Gilmartin succeeds Michael DeMarco. The board has formed a committee to oversee the search for a permanent CEO.

In addition, the board named Tammy Jones as lead independent director. Jones has over 25 years of real estate experience and has dedicated her professional career to the advancement of ethnic and gender diversity in leadership positions in the real estate sector.

PS Business Parks, Inc. (NYSE: PSB) announced that Maria Hawthorne retired as president and CEO on Sept. 1. Hawthorne has been on medical leave of absence due to health issues unrelated to COVID-19 since April 20. She will continue to serve on the board of directors. Hawthorne served as CEO and president since July 2016 and August 2015, respectively. John Petersen, interim president and CEO and COO, is continuing in his role as interim president and CEO.

Public Storage (NYSE: PSA) appointed Natalia Johnson, the current chief human resources officer, as the company’s chief administrative officer. In her expanded role, Johnson will be responsible for overseeing human resources, information technology, and safety and security.

Names to Note: July/August 2020

Sarah Borchersen-Keto

Portrait of Sarah Borchersen-Keto

Sarah Borchersen-Keto is Nareit’s editorial director and writes extensively for Nareit’s website and award-winning magazine, REIT: Real Estate Investment Today, and Nareit's website.

Names to Note

People making news in the REIT and publicly traded real estate industry.

American Homes 4 Rent (NYSEMKT: AMH) named Megan Grabos to its new senior vice president of communications position. She joins American Homes 4 Rent from Delta Dental of California, where she was vice president of communications.

CyrusOne Inc. (NASDAQ: CONE) elected Bruce Duncan as president & CEO and as a member of the board of directors, effective July 6. He succeeds Tesh Durvasula, who has served as CyrusOne’s interim president & CEO since February. Duncan has more than 40 years of diverse real estate management, development, and global investment experience across numerous property types. He currently serves as chair of First Industrial Realty Trust, Inc. (NYSE: FR).

Empire State Realty Trust, Inc. (NYSE: ESRT) said that President and COO John Kessler will leave the company after an orderly transition. The role of president will be assumed by Anthony Malkin, the current chairman and CEO. The company will not fill the position of COO. The company also announced the appointment of Christina Chiu as executive vice president and CFO, following an 18-year career at Morgan Stanley where she had been a managing director since 2014.

The National Housing Conference announced the appointment of Anne McCulloch as chair of the organization’s Board of Governors. McCulloch is president and CEO of Housing Partnership Equity Trust, a social-purpose REIT.

The Howard Hughes Corp. (NYSE: HHC) announced that CFO David O’Reilly has been appointed president of the company. O’Reilly will also continue to serve as CFO, a position he has held since joining Howard Hughes in 2016.

Daniel Wagner, senior vice president of government relations for The Inland Real Estate Group of Companies, Inc., has been named secretary of the board of trustees of the Illinois Chamber of Commerce. Wagner will assist the Chamber with compliance and have an active role in all major Chamber decisions as an executive committee member.

Iron Mountain Inc. (NYSE: IRM) said Kimberly Anstett has been appointed executive vice president and chief technology officer. She joined Iron Mountain in May 2019 as chief information officer.

Kite Realty Group Trust (NYSE: KRG) named Caroline Young to its board of trustees. She will also serve as a member of the corporate governance and nominating committee.

LTC Properties Inc. (NYSE: LTC) announced the promotions of Pam Kessler and Clint Malin to the newly created positions of co‑presidents. Kessler will retain her role as LTC’s CFO, and Malin will continue as the company’s chief investment officer.

Mack-Cali Realty Corp. (NYSE: CLI) said MaryAnne Gilmartin has been elected chair of the board of directors. She has served as a director at Mack-Cali since June 2019. She is co-founder and CEO of L&L MAG and has over 30 years of real estate industry experience.

National Storage Affiliates Trust (NYSE: NSA) said Dave Cramer, previously president and CEO of SecurCare, was appointed executive vice president and COO.

Office Properties Income Trust (NASDAQ: OPI) said Chris Bilotto was promoted to the offices of vice president and COO. OPI is managed by the operating subsidiary of The RMR Group Inc. (NASDAQ: RMR). Industrial Logistics Properties Trust (NASDAQ: ILPT) promoted Yael Duffy to the offices of vice president and COO. ILPT is also managed by the operating subsidiary of RMR. The RMR Group also announced that Occidental College President Jonathan Veitch was elected to the company’s board of directors as an independent director.

Melinda McLaughlin, vice president of research at Prologis, Inc. (NYSE: PLD), was named a San Francisco Business Times Most Influential Women in Business 2020 for her industry and community leadership.

Rayonier Inc. (NYSE: RYN) announced that Richard Kincaid, chairman of the board, passed away unexpectedly on March 20. Kincaid had served on the board since 2004 and was appointed chairman in June 2014 in connection with Rayonier’s spin-off of its Performance Fibers business. The board appointed Dod Fraser to serve as chairman.

Corporate Information

Nareit member since
1995
Address

210 Hudson St.
Suite 400
Jersey City, NJ 07311
United States

Company Contacts
MaryAnne Gilmartin
CEO
William Mack
Chair
David Smetana
CFO