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0 -0.00206043956043952 -0.00343406593406586 -0.00138049450549446 -0.00686813186813184 0.00961538461538465 0.00412087912087915 0.00343406593406598
Stock impact report

Mack-Cali has collected nearly all residential rent for April, a little less for offices [MarketWatch]

Mack-Cali Realty Corporation (CLI) 
Last mack-cali realty corporation earnings: 2/26 07:36 pm Check Earnings Report
US:NYSE Investor Relations: mackurban.com/investor-relations
Company Research Source: MarketWatch
Mack-Cali Realty Corp. , a real estate investment trust focused on waterfront office and residential properties, said Thursday that it has collected 96% of residential tenant rent for April and 90% of office rent. The update is in light of New Jersey Gov. Phil Murphy's executive order earlier this month, in which non-essential construction was to ceased and essential businesses were to adopt aggressive social distancing and disinfection measures to combat the COVID-19 pandemic. "It is not known at this time whether the Governor's executive order will be extended and what, if any, impact it may have on future rent collections, and past performance and April 2020 rent collections to date are not indicative of future results," the company said in a statement. The stock, which was still inactive in premarket trading, has dropped 37.6% over the past three months, while the SPDR Real Estate Select Sector ETF has dropped 16.8% and the S&P 500 has declined 15.8%. Show less Read more
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