(CLI) Mack-Cali Realty – Bear of the Day

October 29th, 2009

Mack-Cali (CLI) is a vertically integrated office REIT with assets in some very competitive markets which are getting worse in conjunction with the overall U.S. economy.

Mack-Cali will have a difficult time holding occupancy and increasing rents due to the continued volatility in the office sector with increasing job cuts and decline in market fundamentals. In addition, we see no near-term growth catalyst for the company.

Our recommendation for Mack-Cali is Underperform as we anticipate it to perform well below the broader market. However, if Mack-Cali can weather the current storm, the share price may rise.

Zacks Investment Research
View original at: Zacks.com News Feed

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Read more on Mack-Cali Realty at Wikinvest


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