Funds from operations available to common shareholders for Q2 ended June 30 were $71.4 million (94 cents a share), up from last year's $67.6 million (90 cents a share). For the six months, FFO amounted to $138.5 million ($1.83 a share), compared to $132.5 million ($1.77 a share) a year earlier.
The REIT also reported that total revenues for Q2 were $163.5 million, a 15.1% gain over last year's $142 million for the same period. For the six months, revenues rose 12.5% to $316.9 million from $281.8 million.
"We're confident that our strong overall financial position leaves us well-poised to capitalize on a recovering economy," says Mitchell E. Hersh, Mack-Cali's president and CEO In June, Mack-Cali's board of directors declared a cash dividend of 63cents per common share, indicating an annual rate of $2.52, for Q2.
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