111 River St., Hoboken, NJ 111 River St., Hoboken, NJ

JERSEY CITY, NJ—Despite posting a loss of $22.1 million in the second quarter, Mack-Cali Realty Corp. CEO Michael J. DeMarco termed the second quarter as “excellent” and said the REIT will make significant progress on its waterfront strategy later this year.

Mack-Cali Realty reports net income available to common shareholders for the second quarter ended June 30, 2019 amounted to a loss of $22.1 million, or $ 0.43 per share, as compared to a loss of $1.3 million, or $0.05 per share, for the quarter ended June 30, 2018.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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