Oct 29 · 10:29:00 AM · Source: Company News

Commerical real estimate company Mack-cali Reality Corp. said it posted a profit of $19.6 million, or 24 cents a share, down from $23.1 million, or 34 cents a share, a year earlier. Funds from operations, an important profitability metric for REITs, dropped to 81 cents from $1.02. Revenue fell 5.2% to $193.6 million as base rents revenue, which makes up a bulk of the total, rose 5.2%; other income tumbled 69%.

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by Larry Etter