Funds from operations for Q4 amounted to $67.9 million, or $0.90 per share, a slight gain from the comparable quarter's $66.5 million, or about $0.91 per share. For the full year, FFO amounted to $270.1 million, or $3.60, down slightly from the previous year's $275.7 million, or $3.82 per share.
As far as total revenues, Q4 saw a 5.8% increase to $152.1 million from the comparable period's $143.7 million. And for the full year, total revenues rose 3.5% to $589 million from $569.3 million.
"We continue to stay focused on our strategic plan of securing long-term leases with top-quality tenants, enhancing our presence in core Northeast markets, and strengthening our balance sheet so we are well-positioned to capitalize on a recovering economy," says Mitchell E. Hersh, Mack-Cali's president and CEO.
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