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Mack-Cali Reports 3Q Activity

Net income available to common shareholders for the third quarter is $20.6 million, 26.7% lower than last year.Mack-Cali Realty Tuesday reported net income available to common shareholders for the third quarter ended September 30 was $20.6 million, 26.7% lower than the $28.1 million posted for the same quarter last year. For the nine months ended September 30, 2005, net income available to common shareholders was $79.1 million, up 12.7% from the $70.2 million posted during for the prior-year period. Total revenue for the third quarter of 2005 increased 10.8% to $164 million from $148 million for the same quarter last year. Nine-month revenue increased 11.9% to $480.9 million from $429.8 million for the same period last year. In September, the Cranford-based company”s board of directors declared a cash dividend of $0.63 per common share for the third quarter of 2005 that was paid on October 17 to shareholders of record as of October 5. Mack-Cali Realty is a real estate investment trust.

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