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Mack-Cali Realty CEO Discusses Q2 2011 Results - Earnings Call Transcript

Mack-Cali Realty Corporation ( CLI)

Q2 2011 Earnings Call

July 28, 2011 10:00 am ET


Mitchell Hersh – President and CEO

Barry Lefkowitz – EVP and CFO

Michael Grossman – EVP


Sheila McGrath – KBW

Jordan Saddler - Keybanc Capital Markets

Michael Knott – Greenstreet Advisors



Good day everyone and welcome to the Mack-Cali Realty Corporation’s Second quarter 2011 conference call. Today’s call is being recorded. At this time, I would like to turn the call over to the President and Chief Executive Officer, Mr. Mitchell Hersh. Please go ahead sir.

Mitchell Hersh

Thank you operator. Good morning everyone and thank you for joining Mack-Cali’s second quarter 2011 earnings conference call. As tradition has it, with me today are Barry Lefkowitz, Executive Vice President and Chief Financial Officer and Michael Grossman, Executive Vice President.

On a legal note, I must remind everyone that certain information discussed on this call may constitute forward-looking statements within the meaning of the Federal Securities Law. Although we believe the estimates reflected in these statements are based on reasonable assumptions. We cannot give assurance that the anticipated results will be achieved. We refer you to our press release and annual and quarterly reports filed with the SEC for risk factors that could impact the Company.

I would just like to comment that the cloud of uncertainty surrounding among other things, the debt ceiling and all of the political posturing in Washington, continues to create a drag on businesses. Business leaders in general lack confidence in making capital investments and in creating new jobs in the phase of what appears to be stalled government.

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