Mack-Cali Realty Corporation Reports Third Quarter 2020 Results
JERSEY CITY, N.J. , Nov. 4, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) today reported its results for the quarter ended September 30, 2020 . THIRD QUARTER 2020 HIGHLIGHTS Net income (loss) of $(0.49) per diluted share for the third quarter 2020, as compared to $(0.65) per diluted share for the third quarter 2019; and net income (loss) of $(1.37) per diluted share for the nine months ended September 30, 2020 , as compared to $1.59 per diluted share for the same period in 2019; Core Funds from Operations per diluted share of $0.30 for the third quarter 2020, as compared to $0.38 for the third quarter 2019; Roseland's 5,589-unit multifamily stabilized portfolio (excluding assets undergoing an active renovation program) was 91.7% leased; Roseland's adjusted same-store portfolio (excluding assets undergoing an active renovation program), consisting of 3,903 units, experienced an 11.7% decrease in NOI over third quarter 2019. Over the same period, revenues decreased by 3.
Mack-Cali Realty Corporation Reports Third Quarter 2020 Results
JERSEY CITY, N.J. , Nov. 4, 2020 |PRNewswire| -- Mack-Cali Realty Corporation (NYSE: CLI ) today reported its results for the quarter ended September 30, 2020 . THIRD QUARTER 2020 HIGHLIGHTS Net income (loss) of $(0.49) per diluted share for the third quarter 2020, as compared to $(0.65) per diluted share for the third quarter 2019; and net income (loss) of $(1.37) per diluted share for the nine months ended September 30, 2020 , as compared to $1.59 per diluted share for the same period in 2019; Core Funds from Operations per diluted share of $0.30 for the third quarter 2020, as compared to $0.38 for the third quarter 2019; Roseland's 5,589-unit multifamily stabilized portfolio (excluding assets undergoing an active renovation program) was 91.7% leased; Roseland's adjusted same-store portfolio (excluding assets undergoing an active renovation program), consisting of 3,903 units, experienced an 11.7% decrease in NOI over third quarter 2019. Over the same period, revenues decreased by 3.