<Page>
EXHIBIT 99.1
[GRAPHIC]
Mack-Cali
Realty Corporation
THIRD QUARTER 2001
SUPPLEMENTAL OPERATING AND FINANCIAL DATA
THIS SUPPLEMENTAL OPERATING AND FINANCIAL DATA IS NOT AN OFFER TO SELL OR
SOLICITATION TO BUY ANY SECURITIES OF THE COMPANY. ANY OFFERS TO SELL OR
SOLICITATIONS OF THE COMPANY SHALL BE MADE BY MEANS OF A PROSPECTUS.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
1
<Page>
INDEX
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PAGE/S
I. COMPANY BACKGROUND
o About the Company/Other Corporate Data..............................5
o Board of Directors/Executive Officers...............................6
o Equity Research Coverage/Company Contact Information................7
II. FINANCIAL HIGHLIGHTS
o Quarterly Summary...................................................9
o Property Sales/Acquisitions/Development............................10
o Financing Activities/Leasing Information...........................11
o Key Financial Data.................................................12
o Same-Store Results and Analysis....................................13
o Unconsolidated Joint Ventures Summary...........................14-17
o Select Financial Ratios............................................18
o Debt Analysis:
o Debt Breakdown/Future Repayments.............................19
o Debt Maturities..............................................20
o Debt Detail..................................................21
III. FINANCIAL STATEMENTS
o Consolidated Statements of Operations..............................23
o Consolidated Balance Sheets........................................24
o Consolidated Statement of Changes in Stockholders' Equity..........25
o Statements of Funds from Operations and Cash Available for
Distribution.......................................................26
o Reconciliation of Basic-to-Diluted Shares/Units....................27
IV. VALUE CREATION PIPELINE
o Operating Property Acquisitions ...................................29
o Properties Placed in Service.......................................30
o Acquisition Property Profiles...................................31-32
o Summary of Construction Projects/Summary of Development
Properties in Lease-Up.............................................33
o Summary of Land Parcels............................................34
o Rental Property Sales..............................................35
V. PORTFOLIO/ LEASING STATISTICS
o Leasing Statistics..............................................37-42
o Market Diversification (MSA's).....................................43
o Industry Diversification (Top 30 Tenant Industries)................44
o Consolidated Portfolio Analyses:
BREAKDOWN BY:
(a) Number of Properties...........................................45
(b) Square Footage.................................................46
(c) Base Rental Revenue............................................47
(d) Percentage Leased..............................................48
o Consolidated Property Listing (by Property Type)................49-59
o Significant Tenants (Top 20 Tenants)...............................60
o Schedules of Lease Expirations (by Property Type)...............61-64
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
2
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Estimates of future Funds From Operations per share are by definition, and
certain other matters discussed in this literature may constitute,
forward-looking statements within the meaning of the Federal Securities law.
Although the Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be achieved. Forward-looking information is
subject to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Among those risks, trends and
uncertainties are the general economic climate; the supply of and demand for
office, office/flex and industrial/warehouse properties; interest rate levels;
the availability of financing; and other risks associated with the development
and acquisition of properties, including risks that the development may not be
completed on schedule, that the tenants will not take occupancy or pay rent, or
that development or operating costs may be greater than anticipated. For further
information on factors which could impact the Company and the statements
contained herein, reference should be made to the Company's filings with the
Securities and Exchange Commission including quarterly reports on Form 10-Q,
current reports on Form 8-K, and annual reports on Form 10-K.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
3
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I. COMPANY BACKGROUND
---------------------
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
4
<Page>
I. COMPANY BACKGROUND
ABOUT THE COMPANY
Mack-Cali Realty Corporation (NYSE: CLI) is one of the largest real estate
investment trusts (REITs) in the United States with a total market
capitalization of $3.9 billion at September 30, 2001. Mack-Cali has been
involved in all aspects of commercial real estate development, management and
ownership for over 50 years and has been a publicly-traded REIT since 1994.
Mack-Cali owns or has interests in 269 properties, primarily class A office and
office/flex buildings, totaling approximately 28.7 million square feet, serving
as home to over 2,400 tenants. The properties are located primarily in suburban
markets of the Northeast, many with adjacent, Company-controlled developable
land sites able to accommodate up to 9.3 million square feet of additional
commercial space.
HISTORY
Established over 50 years ago, in 1994 the New Jersey-based firm became a
publicly-traded company listed on the New York Stock Exchange under the ticker
symbol CLI. Through combinations with some of the top companies in the real
estate industry--most notably New Jersey-based Mack Company and Westchester, New
York-based Robert Martin Company--Mack-Cali has become one of the leading real
estate companies in the country.
STRATEGY
Mack-Cali's strategy is to be a significant real estate owner and operator in
its core, high-barriers-to-entry markets, primarily in the Northeast.
SUMMARY
(AS OF SEPTEMBER 30, 2001)
Corporate Headquarters Cranford, New Jersey
Fiscal Year End 12/31
Total Properties 269
Total Square Feet 28.7 million square feet
Geographic Diversity 10 states and the District
of Columbia
New Jersey Presence 14.4 million square feet
Northeast Presence 22.5 million square feet
Common Shares and
Units Outstanding 70.6 million
Dividend-- Quarter/Annualized $0.62/$2.48
Dividend Yield 8.0%
Total Market Capitalization $3.9 billion
Insider Ownership 17.7%
Senior Debt Rating BBB (S&P and Fitch);
Baa3 (Moody's)
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
5
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BOARD OF DIRECTORS
William L. Mack, CHAIRMAN OF THE BOARD
John J. Cali, CHAIRMAN EMERITUS Earle I. Mack
Brendan T. Byrne Alan G. Philibosian
John R. Cali Irvin D. Reid
Nathan Gantcher Vincent Tese
Martin D. Gruss Robert F. Weinberg
Mitchell E. Hersh Roy J. Zuckerberg
EXECUTIVE OFFICERS
Mitchell E. Hersh, CHIEF EXECUTIVE OFFICER
Timothy M. Jones, PRESIDENT
Barry Lefkowitz, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL
OFFICER
Roger W. Thomas, EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND
SECRETARY
Michael A. Grossman, EXECUTIVE VICE PRESIDENT
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
6
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EQUITY RESEARCH COVERAGE
------------------------
BANC OF AMERICA MONTGOMERY LEHMAN BROTHERS
Lee T. Schalop/ Alexis Hughes David Shulman/Stuart Axelrod
(212) 847-5677/ (212) 847-5705 (212) 526-3413/ (212) 526-3410
BEAR, STEARNS & CO., INC. MERRILL LYNCH
Ross Smotrich Rahul Bhattacharjee/Steve Sakwa
(212) 272-8046 (212) 449-1920/ (212) 449-0335
CS FIRST BOSTON MORGAN STANLEY DEAN WITTER
Lawrence Raiman Gregory Whyte
(212) 538-2380 (212) 761-6331
DEUTSCHE BANC ALEX. BROWN PRUDENTIAL SECURITIES
Louis Taylor James Sullivan/Michael Marron
(212) 469-4912 (212) 778-2515/ (212) 778-1724
FRIEDMAN, BILLINGS, RAMSEY & CO. SALOMON SMITH BARNEY
David Loeb Jonathan Litt/ Gary Boston
(703) 469-1289 (212) 816-0231/ (212) 816-1383
GOLDMAN SACHS WACHOVIA SECURITIES
Jim Kammert Christopher Haley
(212) 855-0670 (443)263-6773
GREEN STREET ADVISORS
James Sullivan
(949) 640-8780
COMPANY CONTACT INFORMATION
Mack-Cali Realty Corporation
Investor Relations Department
11 Commerce Drive
Cranford, New Jersey 07016-3599
PHONE: (908) 272-8000 WEB: www.mack-cali.com
-----------------
FAX: (908) 272-6755 E-MAIL: investorrelations@mack-cali.com
-------------------------------
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
7
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II. FINANCIAL HIGHLIGHTS
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
8
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II. FINANCIAL HIGHLIGHTS
QUARTERLY SUMMARY
Funds from operations (FFO), after adjustment for straight-lining of rents and
non-recurring charges, for the quarter ended September 30, 2001 amounted to
$64.3 million, or $0.91 per share, versus $65.0 million, or $0.89 per share, for
the quarter ended September 30, 2000, a per share increase of 2.2 percent. For
the nine months ended September 30, 2001, FFO, after adjustment for
straight-lining of rents and non-recurring charges, amounted to $194.2 million,
or $2.73 per share, versus $197.5 million, or $2.70 per share, for the same
period last year, a per share increase of 1.1 percent.
Cash available for distribution (CAD) for the third quarter 2001 equaled $53.5
million, or $0.76 per share, versus $53.6 million, or $0.73 per share, for the
same quarter last year, an increase of 4.1 percent on a per share basis. For the
nine months ended September 30, 2001, CAD equaled $165.3 million, or $2.33 per
share, versus $163.1 million, or $2.23 per share, for the same period last year,
an increase of 4.5 percent on a per share basis.
Total revenues for the third quarter 2001 increased $2.5 million to $145.9
million from $143.4 million for the same quarter last year, a 1.7 percent
increase. For the nine months ended September 30, 2001, total revenues amounted
to $440.8 million, an increase of 2.0 percent over total revenues of $432.3
million for the same period last year.
Income from operations before minority interest in Operating Partnership for the
third quarter 2001 equaled $43.0 million, or $0.61 per share, versus $44.5
million, or $0.61 per share, for the same quarter last year. Income from
operations before minority interest in Operating Partnership for the nine months
ended September 30, 2001 equaled $133.7 million, or $1.89 per share, versus
$134.3 million, or $1.83 per share, for the same period last year, a per share
increase of 3.3 percent. Income from operations before minority interest in
Operating Partnership excludes realized gains and unrealized losses on
disposition of rental property and non-recurring charges.
All per share amounts presented are on a diluted basis; basic per share
information is included in the accompanying financial tables.
The Company had 56,333,692 shares of common stock, 7,955,525 common operating
partnership units and 220,340 $1,000-face-value preferred operating partnership
units outstanding at quarter end. The outstanding preferred units are
convertible into 6,359,019 common operating partnership units. Assuming
conversion of all preferred units into common units, the Company had a total of
70,648,236 shares/common units outstanding at September 30, 2001.
As of September 30, 2001, the Company had total indebtedness of approximately
$1.71 billion, with a weighted average annual interest rate of 7.2 percent.
Mack-Cali had a total market capitalization of $3.9 billion and a
debt-to-undepreciated assets ratio of 41.9 percent at September 30, 2001. The
Company had an interest coverage ratio of 3.4 times for the quarter ended
September 30, 2001.
The Company continues to focus its efforts on its strategy of selling non-core
and non-strategic assets and using the proceeds to enhance its presence in the
Northeast and Mid-Atlantic regions.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
9
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PROPERTY SALES
During the quarter, the Company sold three office properties for total proceeds
of approximately $81.5 million, as follows:
- - In July, Preston Centre, a 95,509 square-foot office building located in
Dallas, Texas, was sold for approximately $9.1 million;
- - In August, Century III, a 72,265 square-foot office building located in
West Des Moines, Iowa, was sold for approximately $5.4 million. Century
III was the Company's sole asset in Iowa; and
- - In September, 1709 New York Avenue, NW, a 166,000 square-foot office
building located in Washington, D.C., was sold for approximately $67.0
million.
For the nine months ended September 30, 2001, the Company sold a total of
seven office properties, aggregating 1,033,837 square feet, and a 327-unit
multi-family, residential complex, for total sales proceeds of approximately
$215.1 million.
ACQUISITIONS
In August, the Company added to its significant presence in Westchester County,
New York, with the acquisitions of 5 and 6 Skyline Drive, two office/flex
properties located in the Mid-Westchester Executive Park in Hawthorne, New York.
The properties, which aggregate 168,177 square feet, were acquired for
approximately $14.7 million. With the acquisition, the Company owns 69 office
and office/flex properties, aggregating approximately 4.7 million square feet in
Westchester County, New York.
DEVELOPMENT
Progress continues on the Company's three development projects at its Harborside
Financial Center, located on the Hudson River Waterfront in Jersey City, New
Jersey, as follows:
- - Plaza 5, a 34-story, 980,000 square-foot class A office tower with a
1,270-car parking garage pedestal, is under construction and due to be
completed by the end of 2002. The project is approximately 40 percent
pre-leased;
- - Plaza 10, a 19-story, 575,000 square-foot class A office building, is
expected to be completed in late 2002. The building is 100 percent
pre-leased to Charles Schwab & Co., Inc. and will be the site of its newly
expanded East Coast regional headquarters; and
- - Hyatt Regency South Pier Hotel is a 350-room luxury hotel that is being
built on the south pier of Harborside through a joint venture between
Mack-Cali and Hyatt. Completion of this project is anticipated by late
2002.
Additionally, in September, the Company commenced construction of a fully
pre-leased 33,000 square-foot office/flex building in Elmsford, Westchester
County, New York on recently-acquired land.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
10
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FINANCING ACTIVITIES
In September, the Company raised its quarterly dividend by 1.6 percent to $0.62
per share ($2.48 per share on an annualized basis), effective for the quarter
ended September 30, 2001. This increase represented the seventh consecutive year
in which the Company has increased its quarterly dividend.
In accordance with the Company's Share Repurchase Program, during the third
quarter, the Company purchased 33,800 shares of its outstanding common stock for
an aggregate cost of approximately $1.0 million, representing an average price
of $28.14 per share. For the nine months ended September 30, 2001, the Company
purchased 915,300 shares of its outstanding common stock for an aggregate cost
of approximately $25.0 million, representing an average price of $27.28 per
share.
LEASING INFORMATION
Mack-Cali's consolidated in-service portfolio was 95.1 percent leased at
September 30, 2001, compared to 96.3 percent at June 30, 2001.
For the quarter ended September 30, 2001, the Company executed 184 leases
totaling 1,057,856 square feet, consisting of 774,198 square feet of office
space, 277,211 square feet of office/flex space and 6,447 square feet of
industrial space. Of these totals, 229,514 square feet were for new leases and
828,342 square feet were for lease renewals and other tenant retention
transactions.
Highlights of the quarter's leasing transactions include:
- - State Street Bank renewed leases totaling 114,500 square feet through 2009
at 500 College Road East in Princeton, New Jersey. 500 College Road East,
a 158,235 square-foot class A office property, is 100 percent leased.
- - MCI Worldcom Communications renewed its 37,796 square-foot lease for five
years at 8 Campus Drive in the Mack-Cali Business Campus in Parsippany,
New Jersey. 8 Campus Drive, a 215,265 square-foot class A office property,
is 100 percent leased.
- - ADT Security Services signed a new 10-year lease for 26,830 square feet at
29 Commerce Way in the Company's Commercenter Business Park in Totowa, New
Jersey. 29 Commerce Way, a 48,930 square-foot office/flex property, is 100
percent leased.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
11
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KEY FINANCIAL DATA
------------------
<Table>
<Caption>
AS OF OR FOR THE THREE MONTHS ENDED
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9/30/01 6/30/01 3/31/01 12/31/00 9/30/00
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SHARES AND UNITS:
- ----------------
Common Shares Outstanding 56,333,692 56,299,124 56,961,704 56,980,893 58,698,648
Common Units Outstanding (a) 14,314,544 14,315,544 14,316,544 14,322,744 14,431,329
Combined Shares and Units 70,648,236 70,614,668 71,278,248 71,303,637 73,129,977
Weighted Average- Basic (b) 64,084,201 64,475,902 64,767,293 65,772,459 66,728,711
Weighted Average- Diluted (c) 70,761,541 71,043,756 71,353,163 72,440,367 73,353,028
COMMON SHARE PRICE ($'S):
- ------------------------
At the end of the period 31.0000 28.4800 27.0000 28.5625 28.1875
High during period 32.0000 28.7000 28.5000 28.8750 28.6250
Low during period 27.3000 25.7900 25.4900 25.7500 25.0625
MARKET CAPITALIZATION:
- ---------------------
($'S IN THOUSANDS, EXCEPT RATIOS)
Market Value of Equity (d) 2,190,095 2,011,106 1,924,513 2,038,535 2,063,276
Total Debt 1,714,418 1,720,800 1,662,184 1,628,512 1,534,327
Total Market Capitalization 3,904,513 3,731,906 3,586,697 3,667,047 3,597,603
Total Debt/ Total Market
Capitalization 43.91% 46.11% 46.34% 44.41% 42.65%
FINANCIALS:
- ----------
($'S IN THOUSANDS, EXCEPT RATIOS
AND PER SHARE AMOUNTS)
Total Assets 3,728,839 3,759,919 3,681,059 3,676,977 3,646,162
Gross Book Value of Real Estate Assets 3,736,121 3,781,334 3,711,631 3,704,354 3,673,913
Total Liabilities 1,854,441 1,873,998 1,803,524 1,774,239 1,693,230
Total Minority Interests 446,532 448,088 444,848 449,448 453,164
Total Stockholders' Equity 1,427,866 1,437,833 1,432,687 1,453,290 1,499,768
Total Revenues 145,912 148,418 146,506 143,903 143,382
Capitalized Interest 4,680 3,965 3,350 4,042 3,293
Scheduled Principal Payments 786 769 756 772 685
Interest Coverage Ratio 3.38 3.46 3.38 3.50 3.65
Fixed Charge Coverage Ratio 2.55 2.65 2.63 2.62 2.79
Funds from Operations (e) 64,328 66,172 63,723 64,535 64,984
FFO per Share--diluted (e) 0.91 0.93 0.89 0.89 0.89
Cash Available for Distribution (f) 53,491 56,312 55,485 51,248 53,591
CAD per Share--diluted (f) 0.76 0.79 0.78 0.71 0.73
Dividends Declared per Share 0.62 0.61 0.61 0.61 0.61
FFO Payout Ratio--diluted (e) 68.20% 65.49% 68.30% 68.47% 68.86%
CAD Payout Ratio--diluted (f) 82.02% 76.96% 78.45% 86.23% 83.49%
PORTFOLIO SIZE:
- --------------
Properties 269 269 268 267 268
Total Square Footage 28,732,553 28,528,468 28,644,723 28,215,060 28,532,779
Sq. Ft. Leased at End of Period (g) 95.1% 96.3% 96.4% 96.8% 96.7%
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</Table>
(a) Includes preferred units on a converted basis into common units.
(b) Calculated based on weighted average common shares outstanding, assuming
redemption of operating partnership common units into common shares.
(c) Calculated based on shares and units included in basic per share/unit
computation, plus dilutive Common Stock Equivalents (i.e. convertible
preferred units, options and warrants).
(d) Includes preferred units on a converted basis into common units and
minority interests in partially-owned properties.
(e) Funds from Operations ("FFO") is calculated in accordance with the
National Association of Real Estate Investment Trusts (NAREIT) definition,
as published in October 1999, after adjustment for straight-lining of
rents and non-recurring charges.
(f) Cash Available for Distribution ("CAD") is defined as funds from
operations, after adjustment for straight-lining of rents and
non-recurring charges, minus non-incremental revenue generating tenant
improvements, non-incremental revenue generating leasing commissions and
recurring capital expenditures.
(g) Reflects square feet leased at the Company's consolidated in-service
portfolio, excluding in-service development properties in lease-up.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
12
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SAME STORE RESULTS AND ANALYSIS
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(DOLLARS IN THOUSANDS)
<Table>
<Caption>
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FOR THE THREE MONTHS ENDED
SEPTEMBER 30, %
2001 2000 CHANGE CHANGE
- --------------------------------------------------------------------------------------------------------------------
Property Revenues $ 132,164 $ 131,079 $ 1,085 0.8
Less: Straight-line rent adjustment 1,454 3,446 (1,992) (57.8)
--------------------------------------------------------------
Total Property Revenues 130,710 127,633 3,077 2.4
(excluding straight-line
rent adjustment)
Real Estate Taxes 14,909 14,922 (13) (0.1)
Utilities 10,970 10,806 164 1.5
Operating Services 14,633 15,243 (610) (4.0)
--------------------------------------------------------------
Total Property Expenses: 40,512 40,971 (459) (1.1)
Net Operating Income $ 90,198 $ 86,662 $ 3,536 4.1
==============================================================
Percentage Leased at
Period End 95.2% 96.9%
==============================
Total Properties: 246
Total Square Footage: 25,613,743
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<Caption>
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FOR THE NINE MONTHS ENDED
SEPTEMBER 30, %
2001 2000 CHANGE CHANGE
- --------------------------------------------------------------------------------------------------------------------
Property Revenues $ 388,883 $ 379,532 $ 9,351 2.5
Less: Straight-line rent adjustment 7,913 8,566 (653) (7.6)
--------------------------------------------------------------
Total Property Revenues 380,970 370,966 10,004 2.7
(excluding straight-line
rent adjustment)
Real Estate Taxes 41,821 41,421 400 1.0
Utilities 30,870 29,306 1,564 5.3
Operating Services 44,776 45,026 (250) (0.6)
--------------------------------------------------------------
Total Property Expenses: 117,467 115,753 1,714 1.5
Net Operating Income $ 263,503 $ 255,213 $ 8,290 3.2
==============================================================
Percentage Leased at
Period End 95.2% 97.0%
==============================
Total Properties: 242
Total Square Footage: 24,963,355
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</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
13
<Page>
UNCONSOLIDATED JOINT VENTURES SUMMARY
-------------------------------------
(DOLLARS IN THOUSANDS)
BREAKDOWN OF UNCONSOLIDATED JOINT VENTURES
<Table>
<Caption>
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COMPANY'S
NUMBER OF PERCENT SQUARE EFFECTIVE
JOINT VENTURE NAME PROPERTY BUILDINGS LOCATION LEASED FEET OWNERSHIP %
- ---------------------------------------------------------------------------------------------------------------------------------
OFFICE PROPERTIES:
- -----------------
Pru-Beta 3 Nine Campus Drive (a) 1 Parsippany, NJ 94.5% 156,495 50.0%
American Financial Exchange
L.L.C. Harborside Plaza 10 (b) 1 Jersey City, NJ 100.0% 575,000 50.0%
HPMC Lava Ridge 3 Roseville, CA 95.6% 183,200 50.0%
HPMC Stadium Gateway (c) 1 Anaheim, CA 32.9% 261,554 32.5%
G&G Martco Convention Plaza 1 San Francisco, CA 100.0% 305,618 50.0%
Ashford Loop Associates, LP 1001 South Dairy Ashford 1 Houston, TX 50.9% 130,000 20.0%
Ashford Loop Associates, LP 2100 West Loop South 1 Houston, TX 79.3% 168,000 20.0%
HPMC Pacific Plaza Phase I (d) 1 Daly City, CA 50.7% 369,682 32.5%
OFFICE/FLEX PROPERTIES:
- ----------------------
Ramland Realty Associates,
L.L.C. One Ramland Road 1 Orangeburg, NY 80.6% 232,000 50.0%
MULTI-USE:
- ---------
HPMC Pacific Plaza Phase II (e) 1 Daly City, CA 98.2% 100,740 32.5%
- ---------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) In November 2001, the Company acquired the entire interest in the property
for approximately $14,250.
(b) Property was being developed and not in service as of September 30, 2001.
The joint venture also has a parking lot operation on adjacent land.
(c) Property was being developed and not in service as of September 30, 2001.
(d) Property was placed in service in August 2001 and is currently in
lease-up.
(e) Property consisting of a three-story theater and retail complex was being
developed and not in service as of September 30, 2001.
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
14
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JOINT VENTURE FINANCIAL INFORMATION
-----------------------------------
The following is a summary of the financial position of the unconsolidated joint
ventures in which the Company had investment interests as of September 30, 2001
and December 31, 2000:
<Table>
<Caption>
SEPTEMBER 30, 2001
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
Rental property, net $ 20,111 $137,407 $ 9,764 $ 33,263 $ 18,339 $ 37,435 $ -- $ 17,271 $ 46,796 $320,386
Other assets 1,808 31,029 3,283 (121) 4,740 88 504,313 96 -- 545,236
- ------------------------------------------------------------------------------------------------------------------------------------
Total assets $ 21,919 $168,436 $ 13,047 $ 33,142 $ 23,079 $ 37,523 $504,313 $ 17,367 $ 46,796 $865,622
====================================================================================================================================
LIABILITIES AND PARTNERS'/
MEMBERS' CAPITAL:
Mortgages and loans payable $ -- $103,323 $ 50,000 $ -- $ 16,147 $ -- $283,045 $ 16,028 $ 15,656 $484,199
Other liabilities 122 10,584 1,239 1,346 96 682 8,050 -- 4,838 26,957
Partners'/members' capital 21,797 54,529 (38,192) 31,796 6,836 36,841 213,218 1,339 26,302 354,466
- ------------------------------------------------------------------------------------------------------------------------------------
Total liabilities and
partners'/members' capital $ 21,919 $168,436 $ 13,047 $ 33,142 $ 23,079 $ 37,523 $504,313 $ 17,367 $ 46,796 $865,622
====================================================================================================================================
Company's net investment
in unconsolidated
joint ventures $ 15,222 $ 22,300 $ 3,555 $ 48,775 $ 2,990 $ 7,716 $ 19,724 $ 180 $ 14,954 $135,416
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<Caption>
DECEMBER 31, 2000
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
Rental property, net $ 20,810 $ 78,119 $ 10,589 $ 12,546 $ 18,947 $ 37,665 $ -- -- -- $178,676
Other assets 2,737 27,082 2,508 11,851 4,755 849 310,342 -- -- 360,124
- ------------------------------------------------------------------------------------------------------------------------------------
Total assets $ 23,547 $105,201 $ 13,097 $ 24,397 $ 23,702 $ 38,514 $310,342 -- -- $538,800
====================================================================================================================================
LIABILITIES AND PARTNERS'/
MEMBERS' CAPITAL:
Mortgages and loans payable $ -- $ 63,486 $ 50,000 $ -- $ 16,666 $ -- $129,562 -- -- $259,714
Other liabilities 160 5,035 1,368 9,400 522 1,005 3,750 -- -- 21,240
Partners'/members' capital 23,387 36,680 (38,271) 14,997 6,514 37,509 177,030 -- -- 257,846
- ------------------------------------------------------------------------------------------------------------------------------------
Total liabilities and
partners'/members' capital $ 23,547 $105,201 $ 13,097 $ 24,397 $ 23,702 $ 38,514 $310,342 -- -- $538,800
====================================================================================================================================
Company's net investment
in unconsolidated
joint ventures $ 16,110 $ 35,079 $ 3,973 $ 15,809 $ 2,782 $ 7,874 $ 19,811 -- -- $101,438
- ------------------------------------------------------------------------------------------------------------------------------------
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
15
<Page>
The following is a summary of the results of operations of the unconsolidated
joint ventures for the period in which the Company had investment interests
during the three and nine month periods ended September 30, 2001 and 2000:
<Table>
<Caption>
THREE MONTHS ENDED SEPTEMBER 30, 2001
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
Total revenues $ 1,211 $ 1,427 $ 3,345 $ 4 $ 912 $ 1,298 $ 17,060 -- -- $ 25,257
Operating and other expenses (393) (781) (920) (11) (297) (632) (3,266) -- -- (6,300)
Depreciation and amortization (290) (623) (387) (10) (243) (235) -- -- -- (1,788)
Interest expense -- (485) (712) -- (264) -- (5,420) -- -- (6,881)
- ------------------------------------------------------------------------------------------------------------------------------------
Net income $ 528 $ (462) $ 1,326 $ (17) $ 108 $ 431 $ 8,374 -- -- $ 10,288
===================================================================================================================================
Company's equity in
earnings of
unconsolidated
joint ventures $ 225 $ 400 $ 506 $ 88 $ 54 $ 86 $ 525 -- -- $ 1,884
- ------------------------------------------------------------------------------------------------------------------------------------
<Caption>
THREE MONTHS ENDED SEPTEMBER 30, 2000
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
Total revenues $ 1,253 $ 2,631 $ 2,783 $ 275 $ 983 $ 1,436 $ 5,357 -- -- $ 14,718
Operating and other expenses (391) (78) (890) (41) (280) (658) (876) -- -- (3,214)
Depreciation and amortization (307) (747) (384) (27) (252) (211) (70) -- -- (1,998)
Interest expense -- (979) (1,075) -- (407) -- (2,780) -- -- (5,241)
- ------------------------------------------------------------------------------------------------------------------------------------
Net income $ 555 $ 827 $ 434 $ 207 $ 44 $ 567 $ 1,631 -- -- $ 4,265
===================================================================================================================================
Company's equity in
earnings of
Unconsolidated
joint ventures $ 239 $ 627 $ 286 $ 207 $ 22 $ 113 $ 700 -- -- $ 2,194
- ------------------------------------------------------------------------------------------------------------------------------------
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
16
<Page>
<Table>
<Caption>
NINE MONTHS ENDED SEPTEMBER 30, 2001
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
Total revenues $ 3,700 $ 16,419 $ 9,151 $ 383 $ 2,871 $ 4,365 $ 45,077 -- -- $ 81,966
Operating and other expenses (1,175) (1,729) (2,571) (53) (905) (2,049) (7,456) -- -- (15,938)
Depreciation and amortization (883) (1,556) (1,164) (29) (726) (698) -- -- -- (5,056)
Interest expense -- (1,741) (2,504) -- (918) -- (13,310) -- -- (18,473)
- ---------------------------------------- -------- -------- -------- -------- -------- -------- ----- ----- --------
Net income $ 1,642 $ 11,393 $ 2,912 $ 301 $ 322 $ 1,618 $ 24,311 -- -- $ 42,499
======================================== ======== ======== ======== ======== ======== ======== ===== ===== ========
Company's equity in earnings
of unconsolidated
joint ventures $ 728 $ 3,864 $ 1,042 $ (357) $ 208 $ 295 $ 1,550 -- -- $ 7,330
- ---------------------------------------- -------- -------- -------- -------- -------- -------- ----- ----- --------
<Caption>
NINE MONTHS ENDED SEPTEMBER 30, 2000
-------------------------------------------------------------------------------------------------------
AMERICAN MC-SJP
G&G FINANCIAL RAMLAND ASHFORD MORRIS HARBORSIDE COMBINED
PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCap REALTY SOUTH PIER TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
Total revenues $ 3,721 $ 6,191 $ 8,064 $ 779 $ 2,930 $ 4,268 $ 16,507 -- -- $ 42,460
Operating and other expenses (1,210) (1,087) (2,443) (123) (870) (1,929) (2,168) -- -- (9,830)
Depreciation and amortization (918) (2,155) (1,146) (47) (734) (614) (70) -- -- (5,684)
Interest expense -- (2,220) (2,989) -- (1,153) -- (4,481) -- -- (10,843)
- ---------------------------------------- -------- -------- -------- -------- -------- -------- ----- ----- --------
Net income $ 1,593 $ 729 $ 1,486 $ 609 $ 173 $ 1,725 $ 9,788 -- -- $ 16,103
======================================== ======== ======== ======== ======== ======== ======== ===== ===== ========
Company's equity in earnings
of unconsolidated
joint ventures $ 680 $ 729 $ 498 $ 552 $ 84 $ 358 $ 1,500 -- -- $ 4,401
- ---------------------------------------- -------- -------- -------- -------- -------- -------- ----- ----- --------
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
17
<Page>
SELECT FINANCIAL RATIOS
-----------------------
<Table>
<Caption>
- -----------------------------------------------------------------------------------------------
RATIOS COMPUTED FOR INDUSTRY SEPTEMBER 30,
COMPARISONS: 2001 2000
- -----------------------------------------------------------------------------------------------
FINANCIAL POSITION RATIOS:
- -------------------------
Total Debt/Total Book
Capitalization
(BOOK VALUE) (%) 45.98% 42.05%
Total Debt/Total Market
Capitalization
(MARKET VALUE) (%) 43.91% 42.65%
Total Debt/Total Undepreciated
Assets (%) 41.92% 38.97%
Secured Debt/Total Undepreciated
Assets (%) 13.32% 12.36%
- -----------------------------------------------------------------------------------------------
<Caption>
- -----------------------------------------------------------------------------------------------
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2001 2000 2001 2000
- -----------------------------------------------------------------------------------------------
OPERATIONAL RATIOS:
- ------------------
Interest Coverage 3.38 3.65 3.41 3.68
(FUNDS FROM OPERATIONS+INTEREST
EXPENSE)/INTEREST EXPENSE (X)
Debt Service Coverage 3.29 3.55 3.32 3.57
(FUNDS FROM OPERATIONS +
INTEREST EXPENSE)/(INTEREST
EXPENSE + PRINCIPAL AMORT.) (X)
Fixed Charge Coverage 2.55 2.79 2.61 2.75
(FUNDS FROM OPERATIONS +
INTEREST EXPENSE)/(INTEREST EXPENSE
+ CAPITALIZED INTEREST+PREF. DIV
+PRIN. AMORT.+GROUND LEASE
PAYMENTS)(X)
FFO Payout 68.20% 68.86% 67.31% 65.66%
(DIVIDENDS DECLARED/FUNDS FROM
OPERATIONS (%))
CAD Payout 82.02% 83.49% 79.09% 79.53%
(DIVIDENDS DECLARED/CASH
AVAILABLE FOR DISTRIBUTION (%))
- -----------------------------------------------------------------------------------------------
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
18
<Page>
DEBT ANALYSIS
(AS OF SEPTEMBER 30, 2001)
DEBT BREAKDOWN
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
- ------------------------------- --------------------- -------------------------- ------------------------ -----------------------
WEIGHTED AVERAGE WEIGHTED AVERAGE
BALANCE % OF TOTAL INTEREST RATE (a) MATURITY IN YEARS
- ------------------------------- --------------------- -------------------------- ------------------------ -----------------------
Fixed Rate Secured Debt $ 512,519 29.89% 7.12% 3.92
Fixed Rate Unsecured Notes 1,096,721 63.97% 7.51% 5.75
Variable Rate Secured Debt 32,178 1.88% 4.13% 7.33
Variable Rate Unsecured Debt 73,000 4.26% 4.32% 1.73
- ------------------------------- --------------------- -------------------------- ------------------------ -----------------------
TOTALS/WEIGHTED AVERAGE: $1,714,418 100.00% 7.19% 5.07
=============================== ===================== ========================== ======================== =======================
<Caption>
FUTURE REPAYMENTS
(DOLLARS IN THOUSANDS)
- ------------------------------- ---------------------- ------------------------- ----------------- ---------------------------------
SCHEDULED WEIGHTED AVERAGE INTEREST RATE
PERIOD AMORTIZATION MATURITIES TOTAL OF FUTURE REPAYMENTS (a)
- ------------------------------- ---------------------- ------------------------- ----------------- ---------------------------------
October through December 2001 $ 767 $ 0 $ 767 7.70%
2002 3,259 0 3,259 7.72%
2003 3,407 265,094 268,501 6.50%
2004 2,247 309,863 312,110 7.34%
2005 1,420 253,178 254,598 7.13%
2006 (186) 220,000 219,814 7.06%
2007 (350) 9,364 9,014 7.05%
2008 (408) 0 (408) 7.67%
2009 (221) 332,178 331,957 7.16%
2010 (172) 15,000 14,828 7.95%
2011 (22) 300,000 299,978 7.93%
- ------------------------------- ---------------------- ------------------------- ----------------- ---------------------------------
TOTALS/WEIGHTED AVERAGE: $ 9,741 $1,704,677 $1,714,418 7.19%
=============================== ====================== ========================= ================= =================================
</Table>
(a) Revolving credit facility and other variable rate debt interest rates
calculated using the Company's actual LIBOR contracts in effect at
September 30, 2001 (weighted average LIBOR of 3.52 percent).
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
19
<Page>
DEBT MATURITIES
---------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
- ------------------------------------------------------------------------------------------------------------------------------------
2001 2002 2003 2004 2005 2006 2007 2008
- ------------------------------------------------------------------------------------------------------------------------------------
SECURED DEBT:
- -------------
Mack-Cali Willowbrook $ 6,811
400 Chestnut Ridge $ 9,863
Mack-Cali Centre VI $ 35,000
Prudential Portfolio 150,000
Mack-Cali 23,000
Bridgewater I
Mack-Cali 17,500
Woodbridge II
Mack-Cali Short Hills 22,089
500 West Putnam Ave 5,589
Harborside Financial
Center- Plaza 1 $ 75,358
Harborside Financial
Center- Plazas 2 & 3 144,642
Mack-Cali Airport $9,364
Kemble Plaza I
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL SECURED DEBT: -- -- $ 6,811 $ 9,863 $253,178 $220,000 $9,364 --
====================================================================================================================================
UNSECURED DEBT:
- ---------------
Unsecured credit facility $ 73,000
7.180% unsecured notes
due 12/03 185,283
7.000% unsecured notes
due 3/04 $300,000
7.250% unsecured notes
due 3/09
7.835% unsecured
notes due 12/10
7.750% unsecured
notes due 2/11
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL UNSECURED DEBT: -- -- $258,283 $300,000 -- -- -- --
====================================================================================================================================
====================================================================================================================================
TOTAL DEBT: -- -- $265,094 $309,863 $253,178 $220,000 $9,364 --
====================================================================================================================================
<Caption>
- ------------------------------------------------------------------------------
2009 2010 2011 TOTALS
- ------------------------------------------------------------------------------
SECURED DEBT:
- -------------
Mack-Cali Willowbrook $ 6,811
400 Chestnut Ridge 9,863
Mack-Cali Centre VI 35,000
Prudential Portfolio 150,000
Mack-Cali 23,000
Bridgewater I
Mack-Cali 17,500
Woodbridge II
Mack-Cali Short Hills 22,089
500 West Putnam Ave 5,589
Harborside Financial
Center- Plaza 1 75,358
Harborside Financial
Center- Plazas 2 & 3 144,642
Mack-Cali Airport 9,364
Kemble Plaza I $ 32,178 32,178
- ------------------------------------------------------------------------------
TOTAL SECURED DEBT: $ 32,178 -- -- $ 531,394
==============================================================================
UNSECURED DEBT:
- ---------------
Unsecured credit facility $ 73,000
7.180% unsecured notes
due 12/03 185,283
7.000% unsecured notes
due 3/04 300,000
7.250% unsecured notes
due 3/09 $300,000 300,000
7.835% unsecured
notes due 12/10 $15,000 15,000
7.750% unsecured
notes due 2/11 $300,000 300,000
- ------------------------------------------------------------------------------
TOTAL UNSECURED DEBT: $300,000 $15,000 $300,000 $1,173,283
==============================================================================
==============================================================================
TOTAL DEBT: $332,178 $15,000 $300,000 $1,704,677
==============================================================================
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
20
<Page>
DEBT DETAIL
-----------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
PRINCIPAL BALANCE AT
EFFECTIVE --------------------
INTEREST SEPTEMBER 30, DECEMBER 31, DATE OF
PROPERTY NAME LENDER RATE 2001 2000 MATURITY
- ------------------------------------------------------------------------------------------------------------------------------
SENIOR UNSECURED NOTES:(a)
- -------------------------
7.180% Senior Unsecured Notes public debt 7.230% $ 185,283 $ 185,283 12/31/03
7.000% Senior Unsecured Notes public debt 7.270% 299,804 299,744 03/15/04
7.250% Senior Unsecured Notes public debt 7.490% 298,248 298,072 03/15/09
7.835% Senior Unsecured Notes public debt 7.950% 15,000 15,000 12/15/10
7.750% Senior Unsecured Notes public debt 7.930% 298,386 -- 02/15/11
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL SENIOR UNSECURED NOTES: $1,096,721 $ 798,099
- ------------------------------------------------------------------------------------------------------------------------------
REVOLVING CREDIT FACILITIES:
- ----------------------------
2000 UNSECURED FACILITY(b) 24 LENDERS LIBOR+ 80 BASIS POINTS $ 73,000 $ 348,840 06/22/03
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL REVOLVING CREDIT FACILITIES: $ 73,000 $ 348,840
- ------------------------------------------------------------------------------------------------------------- ----------------
PROPERTY MORTGAGES:
101 & 225 Executive Drive Sun Life Assurance Co. 6.270% $ -- $ 2,198 06/01/01
Mack-Cali Morris Plains Corestates Bank 7.510% -- 2,169 12/31/01
Mack-Cali Willowbrook CIGNA 8.670% 8,821 9,460 10/01/03
400 Chestnut Ridge Prudential Insurance Co. 9.440% 12,890 13,588 07/01/04
Mack-Cali Centre VI Principal Life Insurance Co. 6.865% 35,000 35,000 04/01/05
Various (c) Prudential Insurance Co. 7.100% 150,000 150,000 05/15/05
Mack-Cali Bridgewater I New York Life Ins. Co. 7.000% 23,000 23,000 09/10/05
Mack-Cali Woodbridge II New York Life Ins. Co. 7.500% 17,500 17,500 09/10/05
Mack-Cali Short Hills Prudential Insurance Co. 7.740% 25,397 25,911 10/01/05
500 West Putnam Avenue New York Life Ins. Co. 6.520% 9,477 10,069 10/10/05
Harborside - Plaza 1 U.S. West Pension Trust 5.610% 57,051 54,370 01/01/06
Harborside - Plazas 2 and 3 Northwestern/Principal 7.363% 162,949 95,630 01/01/06
Mack-Cali Airport Allstate Life Insurance Co. 7.050% 10,434 10,500 04/01/07
Kemble Plaza I Mitsubishi Tr & Bk Co. LIBOR+0.650% 32,178 32,178 01/31/09
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL PROPERTY MORTGAGES: $ 544,697 $ 481,573
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL DEBT: $1,714,418 $1,628,512
==============================================================================================================================
</Table>
(a) Interest rate for unsecured notes reflects effective rate of debt,
including cost of terminated treasury lock agreements (if any), offering
and other transaction costs and the discount on the notes, as applicable.
(b) Total borrowing capacity under this facility is $800.0 million.
(c) The Company has the option to convert the mortgage loan, which is secured
by 12 properties, to unsecured debt.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
21
<Page>
III. FINANCIAL STATEMENTS
-------------------------
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
22
<Page>
III. FINANCIAL STATEMENTS
MACK-CALI REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
-------------------------------------
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<Table>
<Caption>
=================================================================================================================================
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
REVENUES 2001 2000 2001 2000
- ---------------------------------------------------------------------------------------------------------------------------
Base rents $ 126,789 $ 123,600 $ 381,584 $ 367,270
Escalations and recoveries from tenants 13,944 13,763 42,136 45,058
Parking and other 2,610 3,534 8,016 12,984
Equity in earnings of unconsolidated joint ventures 1,884 2,194 7,330 4,401
Interest income 685 291 1,770 2,537
- ---------------------------------------------------------------------------------------------------------------------------
Total revenues 145,912 143,382 440,836 432,250
- ---------------------------------------------------------------------------------------------------------------------------
EXPENSES
- ---------------------------------------------------------------------------------------------------------------------------
Real estate taxes 16,012 15,732 46,809 45,169
Utilities 11,517 11,604 34,172 31,997
Operating services 16,336 16,855 51,901 51,419
General and administrative 8,767 5,461 21,633 16,733
Depreciation and amortization 22,529 23,320 67,964 68,447
Interest expense 27,772 25,862 84,692 79,123
- ---------------------------------------------------------------------------------------------------------------------------
Total expenses 102,933 98,834 307,171 292,888
- ---------------------------------------------------------------------------------------------------------------------------
Income from operations before minority interests 42,979 44,548 133,665 139,362
Minority interest in partially-owned properties -- -- -- (5,072)
- ---------------------------------------------------------------------------------------------------------------------------
Income from operations before minority interest in Operating
Partnership 42,979 44,548 133,665 134,290
Minority interest in Operating Partnership (a) (8,789) (8,809) (26,760) (26,446)
- ---------------------------------------------------------------------------------------------------------------------------
Income from operations 34,190 35,739 106,905 107,844
Non-recurring charges (b) -- (24,557) -- (32,666)
Realized gains and unrealized losses on disposition of rental
property, net (c) (10,181) 8,830 (8,485) 75,757
- ---------------------------------------------------------------------------------------------------------------------------
Net income $ 24,009 $ 20,012 $ 98,420 $ 150,935
===========================================================================================================================
PER SHARE DATA:
Income from operations-basic $ 0.61 $ 0.61 $ 1.89 $ 1.84
Net income-basic $ 0.43 $ 0.34 $ 1.74 $ 2.58
- ---------------------------------------------------------------------------------------------------------------------------
Income from operations-diluted $ 0.61 $ 0.61 $ 1.89 $ 1.83
Net income-diluted $ 0.43 $ 0.34 $ 1.74 $ 2.50
- ---------------------------------------------------------------------------------------------------------------------------
Dividends declared per common share $ 0.62 $ 0.61 $ 1.84 $ 1.77
- ---------------------------------------------------------------------------------------------------------------------------
Basic weighted average shares outstanding 56,129 58,711 56,482 58,518
Diluted weighted average shares outstanding 64,403 66,914 64,691 73,276
- ---------------------------------------------------------------------------------------------------------------------------
</Table>
(a) Excludes effect of minority interest's share of non-recurring charges and
realized gains and unrealized losses on disposition of rental property.
(b) Net of minority interest's share of $3,354 and $4,473 for the three and
nine months ended September 30, 2000, respectively.
(c) Net of minority interest's share of $1,443 and $1,206 for the three months
ended September 30, 2001 and 2000, respectively, and $(1,192) and $10,448
for the nine months ended September 30, 2001 and 2000, respectively.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
23
<Page>
MACK-CALI REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
---------------------------
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<Table>
<Caption>
==========================================================================================================================
SEPTEMBER 30, DECEMBER 31,
ASSETS 2001 2000
- --------------------------------------------------------------------------------------------------------------------------
Rental property
Land and leasehold interests $ 473,363 $ 542,841
Buildings and improvements 2,676,999 2,934,383
Tenant improvements 124,769 106,208
Furniture, fixtures and equipment 7,060 6,445
- --------------------------------------------------------------------------------------------------------------------------
3,282,191 3,589,877
Less - accumulated depreciation and amortization (330,027) (302,932)
- --------------------------------------------------------------------------------------------------------------------------
2,952,164 3,286,945
Rental property held for sale, net 422,735 107,458
- --------------------------------------------------------------------------------------------------------------------------
Net investment in rental property 3,374,899 3,394,403
Cash and cash equivalents 44,966 13,179
Investments in unconsolidated joint ventures 135,416 101,438
Unbilled rents receivable, net 59,294 50,499
Deferred charges and other assets, net 100,678 102,655
Restricted cash 7,543 6,557
Accounts receivable, net of allowance for doubtful accounts
of $953 and $552 6,043 8,246
- --------------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 3,728,839 $ 3,676,977
==========================================================================================================================
LIABILITIES AND STOCKHOLDERS' EQUITY
- --------------------------------------------------------------------------------------------------------------------------
Senior unsecured notes $ 1,096,721 $ 798,099
Revolving credit facilities 73,000 348,840
Mortgages and loans payable 544,697 481,573
Dividends and distributions payable 43,998 43,496
Accounts payable and accrued expenses 55,439 53,608
Rents received in advance and security deposits 30,922 31,146
Accrued interest payable 9,664 17,477
- --------------------------------------------------------------------------------------------------------------------------
Total liabilities 1,854,441 1,774,239
- --------------------------------------------------------------------------------------------------------------------------
MINORITY INTERESTS:
Operating Partnership 446,532 447,523
Partially-owned properties -- 1,925
- --------------------------------------------------------------------------------------------------------------------------
Total minority interests 446,532 449,448
- --------------------------------------------------------------------------------------------------------------------------
Commitments and contingencies
STOCKHOLDERS' EQUITY:
Preferred stock, 5,000,000 shares authorized, none issued -- --
Common stock, $0.01 par value, 190,000,000 shares authorized,
56,333,692 and 56,980,893 shares outstanding 564 570
Additional paid-in capital 1,495,369 1,513,037
Dividends in excess of net earnings (62,951) (57,149)
Unamortized stock compensation (5,116) (3,168)
- --------------------------------------------------------------------------------------------------------------------------
Total stockholders' equity 1,427,866 1,453,290
- --------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3,728,839 $ 3,676,977
==========================================================================================================================
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
24
<Page>
MACK-CALI REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
---------------------------------------------------------
(IN THOUSANDS)
<Table>
<Caption>
=================================================================================================================================
ADDITIONAL DIVIDENDS IN UNAMORTIZED TOTAL
COMMON STOCK PAID-IN EXCESS OF STOCK STOCKHOLDERS'
SHARES PAR VALUE CAPITAL NET EARNINGS COMPENSATION EQUITY
- ------------------------------------------------------------------------------------------------------------------------------------
Balance at January 1, 2001 56,981 $ 570 $ 1,513,037 $ (57,149) $ (3,168) $ 1,453,290
Net income -- -- -- 98,420 -- 98,420
Dividends -- -- -- (104,222) -- (104,222)
Redemption of common units for
shares of common stock 8 -- 219 -- -- 219
Proceeds from stock options exercised 173 2 4,018 -- -- 4,020
Deferred compensation plan for directors -- -- 116 -- -- 116
Issuance of Restricted Stock Awards 94 1 2,526 -- (2,527) --
Amortization of stock compensation -- -- -- -- 1,031 1,031
Adjustment to fair value of restricted stock -- -- 652 -- (652) --
Cancellation of Restricted Stock Awards (7) -- (200) -- 200 --
Repurchase of common stock (915) (9) (24,999) -- -- (25,008)
- ------------------------------------------------------------------------------------------------------------------------------------
BALANCE AT SEPTEMBER 30, 2001 56,334 $ 564 $ 1,495,369 $ (62,951) $ (5,116) $ 1,427,866
====================================================================================================================================
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
25
<Page>
STATEMENTS OF FUNDS FROM OPERATIONS AND CASH AVAILABLE FOR DISTRIBUTION
-----------------------------------------------------------------------
(IN THOUSANDS, EXCEPT PER SHARE/UNIT AMOUNTS)
<Table>
<Caption>
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
- ------------------------------------------------------------------------------------------------------------------------
2001 2000 2001 2000
- ------------------------------------------------------------------------------------------------------------------------
Income from operations before minority interest in
Operating Partnership $ 42,979 $ 44,548 $ 133,665 $ 134,290
Add: Real estate depreciation and amortization (a) 23,179 23,920 70,250 70,072
Gain on sale of land -- -- -- 2,248
Deduct: Adj. to rental income for straight-lining of
rents (b) (1,830) (3,484) (9,692) (9,074)
- ------------------------------------------------------------------------------------------------------------------------
Funds from operations (c), after adjustment for
straight-lining of rents and non-recurring charges $ 64,328 $ 64,984 $ 194,223 $ 197,536
- ------------------------------------------------------------------------------------------------------------------------
Deduct:
Non-incremental revenue generating capital expenditures:
Capital expenditures (1,478) (1,484) (3,852) (4,094)
Tenant improvements and leasing commissions (9,359) (9,909) (25,083) (30,369)
- ------------------------------------------------------------------------------------------------------------------------
Cash available for distribution $ 53,491 $ 53,591 $ 165,288 $ 163,073
========================================================================================================================
Basic weighted average shares/units outstanding (d) 64,084 66,729 64,440 66,595
Diluted weighted average shares/units outstanding (e) 70,762 73,353 71,050 73,276
PER SHARE/UNIT - BASIC(F):
Funds from operations $ 0.94 $ 0.92 $ 2.83 $ 2.79
Cash available for distribution $ 0.77 $ 0.74 $ 2.38 $ 2.28
PER SHARE/UNIT - DILUTED:
Funds from operations $ 0.91 $ 0.89 $ 2.73 $ 2.70
Cash available for distribution $ 0.76 $ 0.73 $ 2.33 $ 2.23
Dividend per common share $ 0.62 $ 0.61 $ 1.84 $ 1.77
DIVIDEND PAYOUT RATIOS:
Funds from operations-diluted 68.20% 68.86% 67.31% 65.66%
Cash available for distribution-diluted 82.02% 83.49% 79.09% 79.53%
- ------------------------------------------------------------------------------------------------------------------------
</Table>
(a) Includes the Company's share from unconsolidated joint ventures of $863
and $784 for the three months ended September 30, 2001 and 2000,
respectively, and $2,906 and $2,204 for the nine months ended September
30, 2001 and 2000, respectively.
(b) Includes the Company's share from unconsolidated joint ventures of $62 and
$36 for the three months ended September 30, 2001 and 2000, respectively,
and $64 and $18 for the nine months ended September 30, 2001 and 2000,
respectively.
(c) Funds from operations for both periods are calculated in accordance with
the National Association of Real Estate Investment Trusts (NAREIT)
definition, as published in October 1999.
(d) Calculated based on weighted average common shares outstanding, assuming
redemption of operating partnership common units into common shares.
(e) Calculated based on shares and units included in basic per share/unit
computation, plus dilutive Common Stock Equivalents (i.e. convertible
preferred units, options and warrants).
(f) Amounts calculated after deduction for distributions to preferred
unitholders of $3,943 and $3,928 for the three months ended September 30,
2001 and 2000, respectively, and $11,701 and $11,562 for the nine months
ended September 30, 2001 and 2000, respectively.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
26
<Page>
RECONCILIATION OF BASIC-TO-DILUTED SHARES/UNITS
-----------------------------------------------
(IN THOUSANDS)
The following schedule reconciles the Company's basic weighted average shares to
basic and diluted weighted average shares/units:
<Table>
<Caption>
- ----------------------------------------------------------------------------------------------------------------
THREE MONTHS ENDED NINE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
2001 2000 2001 2000
- ----------------------------------------------------------------------------------------------------------------
Basic weighted average shares: 56,129 58,711 56,482 58,518
Add: Weighted average common units 7,955 8,018 7,958 8,077
- ----------------------------------------------------------------------------------------------------------------
Basic weighted average shares/units: 64,084 66,729 64,440 66,595
Add: Weighted average preferred units
(after conversion to common units) 6,359 6,439 6,359 6,504
Stock options 319 185 251 177
- ----------------------------------------------------------------------------------------------------------------
Diluted weighted average shares/units: 70,762 73,353 71,050 73,276
================================================================================================================
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
27
<Page>
IV. VALUE CREATION PIPELINE
---------------------------
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
28
<Page>
IV. VALUE CREATION PIPELINE
OPERATING PROPERTY ACQUISITIONS
-------------------------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001
- ----------------------------------------------------------------------------------------------------------------------------------
ACQUISITION # OF RENTABLE INVESTMENT BY
DATE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. SQUARE FEET COMPANY(a)
- ----------------------------------------------------------------------------------------------------------------------------------
OFFICE
- ------
04/06/01 4 & 6 Campus Drive Parsippany, Morris County, NJ 2 295,766 $ 48,404
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE PROPERTY ACQUISITIONS: 2 295,766 $ 48,404
- ----------------------------------------------------------------------------------------------------------------------------------
OFFICE/FLEX
- -----------
02/14/01 31 & 41 Twosome Drive (b)(c) Moorestown, Burlington County, NJ 2 127,250 $ 7,155
04/27/01 1245 & 1247 N. Church Street,
2 Twosome Drive (b)(c) Moorestown, Burlington County, NJ 3 154,200 11,083
08/03/01 5 & 6 Skyline Drive Hawthorne, Westchester County, NY 2 168,177 14,846
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE/FLEX PROPERTY ACQUISITIONS: 7 449,627 $ 33,084
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OPERATING PROPERTY ACQUISITIONS: 9 745,393 $ 81,488
==================================================================================================================================
<Caption>
FOR THE YEAR ENDED DECEMBER 31, 2000
- ----------------------------------------------------------------------------------------------------------------------------------
ACQUISITION # OF RENTABLE INVESTMENT BY
DATE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. SQUARE FEET COMPANY(d)
- ----------------------------------------------------------------------------------------------------------------------------------
OFFICE
- ------
05/23/00 555 & 565 Taxter Road Elmsford, Westchester County, NY 2 341,108 $ 42,980
06/14/00 Four Gatehall Drive Parsippany, Morris County, NJ 1 248,480 42,381
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE PROPERTY ACQUISITIONS: 3 589,588 $ 85,361
- ----------------------------------------------------------------------------------------------------------------------------------
OFFICE/FLEX
- -----------
03/24/00 Two Executive Drive (b)(c) Moorestown, Burlington County, NJ 1 60,800 $ 4,007
07/14/00 915 North Lenola Road (b)(c) Moorestown, Burlington County, NJ 1 52,488 2,542
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE/FLEX PROPERTY ACQUISITIONS: 2 113,288 $ 6,549
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL OPERATING PROPERTY ACQUISITIONS: 5 702,876 $ 91,910
==================================================================================================================================
</Table>
SEE FOOTNOTES TO THE ABOVE SCHEDULES ON PAGE 30.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
29
<Page>
PROPERTIES PLACED IN SERVICE
----------------------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001
- ------------------------------------------------------------------------------------------------------------------------------------
DATE PLACED # OF RENTABLE INVESTMENT BY
IN SERVICE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. SQUARE FEET COMPANY(e)
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE
- ------
01/15/01 105 Eisenhower Parkway Roseland, Essex County, NJ 1 220,000 $ 43,300
03/01/01 8181 East Tufts Avenue Denver, Denver County, CO 1 185,254 34,371
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL PROPERTIES PLACED IN SERVICE: 2 405,254 $ 77,671
====================================================================================================================================
<Caption>
FOR THE YEAR ENDED DECEMBER 31, 2000
- ------------------------------------------------------------------------------------------------------------------------------------
DATE PLACED # OF RENTABLE INVESTMENT BY
IN SERVICE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. SQUARE FEET COMPANY(e)
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE
- ------
9/01/00 Harborside Plaza 4-A (f) Jersey City, Hudson County, NJ 1 207,670 $ 61,459
9/15/00 Liberty Corner Corp. Center Bernards Township, Somerset County, NJ 1 132,010 17,430
- ------------------------------------------------------------------------------------------------------------------------------------
TOTAL PROPERTIES PLACED IN SERVICE: 2 339,680 $ 78,889
====================================================================================================================================
</Table>
(a) Unless otherwise noted, transactions were funded primarily through draws
on the Company's credit facilities, and amounts presented are as of
September 30, 2001.
(b) Transactions were funded primarily from net proceeds received in the sale
of a rental property, as well as the Company's cash reserves and draws on
the Company's credit facilities.
(c) The properties were acquired through the exercise of a purchase option
obtained in the initial acquisition of the McGarvey portfolio in January
1998.
(d) Transactions were funded primarily from net proceeds received in the sale
or sales of rental property.
(e) Unless otherwise noted, transactions were funded primarily through draws
on the Company's credit facilities.
(f) Project includes seven-story, 1,100-car parking garage.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
30
<Page>
ACQUISITION PROPERTY PROFILE
----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PROPERTY NAME: 5 Skyline Drive
PRODUCT TYPE: Office/Flex Building
LOCATION: Hawthorne, Westchester County, New York
DESCRIPTION: Class A, two-story office/flex building
SIZE: 124,022 square feet
YEAR CONSTRUCTED: 1980
CLOSING DATE: August 3, 2001
ACQUISITION COST: $11.1 million
FUNDING SOURCE: Borrowing from revolving credit facility
PERCENTAGE LEASED: 100.0%
NUMBER OF TENANTS: 3
TENANTS: Taro Pharmaceuticals (92,844 square feet)
Westco Closet Corp. (24,147 square feet)
Westchester Gymnastics School (7,031 square feet)
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
31
<Page>
ACQUISITION PROPERTY PROFILE
----------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PROPERTY NAME: 6 Skyline Drive
PRODUCT TYPE: Office/Flex Building
LOCATION: Hawthorne, Westchester County, New York
DESCRIPTION: Class A, one-story office/flex building
SIZE: 44,155 square feet
YEAR CONSTRUCTED: 1980
CLOSING DATE: August 3, 2001
ACQUISITION COST: $3.7 million
FUNDING SOURCE: Borrowing from revolving credit facility
PERCENTAGE LEASED: 100.0%
NUMBER OF TENANTS: 2
TENANTS: Evonyx, Inc. (32,155 square feet)
Anvik Corp. (12,000 square feet)
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
32
<Page>
SUMMARY OF CONSTRUCTION PROJECTS
--------------------------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
- -----------------------------------------------------------------------------------------------------------------------------------
ESTIMATED COSTS
PLACED IN NUMBER INCURRED TOTAL
SERVICE OF SQUARE THROUGH ESTIMATED CURRENT
PROJECT LOCATION TYPE OF SPACE DATE BUILDINGS FEET 9/30/01 COSTS % LEASED
- -----------------------------------------------------------------------------------------------------------------------------------
MAJORITY OWNED:
- ---------------
125 Clearbrook Road Elmsford, NY Office/Flex 2002-2Q 1 33,000 $1,197 $ 5,200 100.0%
Harborside Plaza 5 Jersey City, Office 2002-4Q 1 980,000 70,950 260,000 40.2%
NJ
- -----------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL: 2 1,013,000 $72,147 $265,200 42.1%
- -----------------------------------------------------------------------------------------------------------------------------------
UNCONSOLIDATED JOINT
VENTURES:
- ---------
Stadium Gateway (a) Anaheim, CA Office 2001-4Q 1 261,554 $2,680 $2,680 32.9%
Pacific Plaza Phase II (b) Daly City, CA Retail/Theater 2002-2Q 1 100,740 2,366 2,366 98.2%
Hyatt Regency South Pier (c) Jersey City, Hotel 2002-3Q 1 280,000 14,954 18,000 n/a
NJ
Harborside Plaza 10 (d) Jersey City, Office 2002-4Q 1 575,000 50,053 140,000 100.0%
NJ
- -----------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL: 4 1,217,294 $70,053 $163,046 81.1%
- -----------------------------------------------------------------------------------------------------------------------------------
GRAND TOTAL: 6 2,230,294 $142,200 $428,246 63.4%
- -----------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) The Costs Incurred and Total Estimated Costs reflect the Company's funding
in this project. The total cost of the project is currently projected to be
approximately $44.0 million.
(b) The Costs Incurred and Total Estimated Costs reflect the Company's funding
in this project. The total cost of the project is currently projected to be
approximately $31.0 million.
(c) The Costs Incurred and Total Estimated Costs reflect the Company's funding
in this project. The total cost of the project is currently projected to be
approximately $95.0 million.
(d) The Costs Incurred and Total Estimated Costs reflect the Company's funding
in this project. The total cost of the project is currently projected to be
approximately $140.0 million.
SUMMARY OF DEVELOPMENT PROPERTIES IN LEASE-UP
---------------------------------------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
- -----------------------------------------------------------------------------------------------------------------------------------
COSTS
PLACED IN NUMBER INCURRED TOTAL
TYPE OF SERVICE OF SQUARE THROUGH ESTIMATED CURRENT
PROJECT LOCATION SPACE DATE BUILDINGS FEET 9/30/01 COSTS % LEASED
- -----------------------------------------------------------------------------------------------------------------------------------
MAJORITY OWNED:
- --------------
105 Eisenhower Parkway Roseland, NJ Office 01/15/01 1 220,000 $43,300 $43,600 50.9%
8181 East Tufts Avenue Denver, CO Office 03/01/01 1 185,254 34,371 34,700 66.9%
- -----------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL: 2 405,254 $77,671 $78,300 58.2%
- -----------------------------------------------------------------------------------------------------------------------------------
UNCONSOLIDATED JOINT
VENTURES:
- ---------
Pacific Plaza Phase I (a) Daly City, CA Office 08/20/01 1 369,682 $6,822 $6,822 50.7%
- -----------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL: 1 369,682 $6,822 $6,822 50.7%
- -----------------------------------------------------------------------------------------------------------------------------------
GRAND TOTAL: 3 774,936 $84,493 $85,122 54.6%
- -----------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) The Costs Incurred and Total Estimated Costs reflect the Company's funding
in this project. The total cost of the project is currently projected to be
approximately $89.4 million.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
33
<Page>
SUMMARY OF LAND PARCELS
-----------------------
<Table>
<Caption>
- ------------------------------------------------------------------------------------------------------------------------
DEVELOPMENT
POTENTIAL
SITE TOWN/CITY STATE ACRES (SQ. FT.) TYPE OF SPACE
- ------------------------------------------------------------------------------------------------------------------------
Horizon Center Hamilton NJ 50.0 575,000 Office/Flex/Retail
American Financial Exchange (a) Jersey City NJ 3.6 1,225,000 Office
Harborside Financial Center (b) Jersey City NJ 6.5 3,113,500 Office
Mack-Cali Business Campus (c) Parsippany & Hanover NJ 110.0 1,350,000 Office
Morris V and VI (a) Parsippany NJ 47.5 645,000 Office
Commercenter Totowa NJ 5.8 30,000 Office/Flex
Princeton Metro (c) West Windsor NJ 10.0 97,000 Office
Princeton Overlook II West Windsor NJ 10.0 149,500 Office
Cross Westchester Executive
Park Elmsford NY 5.0 60,000 Office/Flex
Elmsford Distribution Center (d) Elmsford NY 14.5 100,000 Warehouse
Mid-Westchester Executive Park (d) Hawthorne NY 8.0 73,000 Office/Flex
One Ramland Road (a) Orangeburg NY 20.0 100,000 Office/Flex
South Westchester Executive
Park (d) Yonkers NY 60.0 500,000 Office/Flex
Airport Business Center Lester PA 12.6 135,000 Office
Eastpoint II Lanham MD 4.8 122,000 Office/Hotel
Tri West Plaza II (d) Dallas TX 4.5 500,000 Office
Concord Plaza II (e) San Antonio TX 2.2 145,000 Office
Hilltop Business Center (e) Littleton CO 7.1 128,000 Office
Pacific Plaza Phase III (f) Daly City CA 2.5 270,000 Office
- ------------------------------------------------------------------------------------------------------------------------
TOTALS 384.6 9,318,000
========================================================================================================================
</Table>
(a) Land owned by joint venture in which Mack-Cali is significant equity
partner.
(b) Includes 21 acres of riparian property.
(c) Land owned by Mack-Cali which is subject to a contribution agreement to a
development joint venture.
(d) Mack-Cali holds an option to purchase this land.
(e) Land is currently being held for sale.
(f) Unconsolidated joint venture, in which Mack-Cali is significant equity
partner, holds an option to purchase this land.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
34
<Page>
RENTAL PROPERTY SALES
---------------------
(DOLLARS IN THOUSANDS)
<Table>
<Caption>
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001
- ------------------------------------------------------------------------------------------------------------------------------------
RENTABLE
SALE # OF SQUARE NET SALES NET BOOK REALIZED
DATE PROPERTY NAME LOCATION BLDGS. FEET PROCEEDS VALUE GAIN/(LOSS)
- ------------------------------------------------------------------------------------------------------------------------------------
OFFICE:
- -------
06/01/01 1777 N.E. Loop 410 San Antonio, Bexar County, TX 1 256,137 $ 21,313 $16,703 $ 4,610
06/15/01 14511 Falling Creek Houston, Harris County, TX 1 70,999 2,982 2,458 524
07/17/01 8214 Westchester Dallas, Dallas County, TX 1 95,509 8,966 8,465 501
08/01/01 2600 Westown Parkway West Des Moines, Polk 1 72,265 5,165 5,570 (405)
County, IA
09/26/01 1709 New York Avenue, NW Washington, DC 1 166,000 65,151 50,640 14,511
RESIDENTIAL:
- ------------
06/21/01 Tenby Chase Apartments Delran, Burlington County, NJ 1 327 units 19,336 2,399 16,937
OTHER:
- ------
04/03/01 North Pier-Harborside (a) Jersey City, Hudson County, NJ -- n/a 3,357 2,918 439
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS: 6 660,910 $126,270 $89,153 $37,117
===================================================================================================================================
<Caption>
FOR THE YEAR ENDED DECEMBER 31, 2000
- ------------------------------------------------------------------------------------------------------------------------------------
RENTABLE
SALE # OF SQUARE NET SALES NET BOOK REALIZED
DATE PROPERTY NAME LOCATION BLDGS. FEET PROCEEDS VALUE GAIN/(LOSS)
- ------------------------------------------------------------------------------------------------------------------------------------
LAND:
- -----
02/25/00 Horizon Center Land Hamilton Township, Mercer -- 39.1 acres $ 4,180 $ 1,932 $ 2,248
County, NJ
OFFICE:
- -------
04/17/00 95 Christopher Columbus Dr. Jersey City, Hudson 1 621,900 148,222 80,583 67,639
County, NJ
04/20/00 6900 IH-40 West Amarillo, Potter County, TX 1 71,771 1,467 1,727 (260)
06/09/00 412 Mt. Kemble Avenue Morris Twp., Morris 1 475,100 81,981 75,439 6,542
County, NJ
09/21/00 Cielo Center Austin, Travis County, TX 1 270,703 45,785 35,749 10,036
11/15/00 210 South 16th Street (b) Omaha, Douglas County, NE 1 319,535 11,976 12,828 (852)
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS: 5 1,759,009 $293,611 $208,258 $ 85,353
====================================================================================================================================
</Table>
(a) In connection with the sale of North Pier-Harborside, the Company provided
to the purchaser a non-interest-bearing $2,027 note scheduled to mature in
2002.
(b) In connection with the sale of the Omaha, Nebraska property, the Company
provided to the purchaser an $8,750 mortgage loan bearing interest payable
monthly at an annual rate of 9.50 percent. The loan is secured by the
Omaha, Nebraska property and will mature on November 14, 2003.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
35
<Page>
V. PORTFOLIO/ LEASING STATISTICS
--------------------------------
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
36
<Page>
V. PORTFOLIO/ LEASING STATISTICS
LEASING STATISTICS
------------------
(FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2001)
CONSOLIDATED IN-SERVICE PORTFOLIO (a)
SUMMARY OF SPACE LEASED
-----------------------
<Table>
<Caption>
- -------------------------------------------------------------------------------------------------------------------------------
LEASING ACTIVITY
LEASED
SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT.
LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED
REGION/MARKET 6/30/01 SOLD(b) SQ. FT.(c) SQ. FT. ACTIVITY 9/30/01 9/30/01 6/30/01
- -------------------------------------------------------------------------------------------------------------------------------
NORTHEAST
Northern NJ 9,426,626 - (473,985) 279,406 (194,579) 9,232,047 95.9% 97.9%
Central NJ 2,721,037 - (220,361) 212,858 (7,503) 2,713,534 97.6% 97.8%
Westchester Co., NY 4,396,069 168,177 (184,519) 196,889 12,370 4,576,616 97.7% 97.3%
Sub. Philadelphia 2,836,498 - (172,729) 165,409 (7,320) 2,829,178 92.1% 92.3%
Fairfield, CT 648,956 - (44,075) 44,482 407 649,363 96.5% 96.5%
Washington, DC/MD 611,658 (166,863) 888 - 888 445,683 98.9% 99.2%
Rockland Co/Long Island, NY 584,333 - (15,829) 15,135 (694) 583,639 98.7% 98.8%
-------------------------------------------------------------------------------------------------
TOTAL NORTHEAST 21,225,177 1,314 (1,110,610) 914,179 (196,431) 21,030,060 96.1% 97.0%
-------------------------------------------------------------------------------------------------
SOUTHWEST/WEST/OTHER
Texas 2,048,536 (75,591) (166,781) 108,275 (58,506) 1,914,439 85.0% 87.3%
Colorado 1,473,335 - (117,746) 28,122 (89,624) 1,383,711 93.0% 99.0%
San Francisco 438,670 - (5,745) 7,280 1,535 440,205 97.6% 97.3%
Arizona 416,967 - - - - 416,967 100.0% 100.0%
Other 343,405 (71,497) - - - 271,908 91.4% 92.9%
-------------------------------------------------------------------------------------------------
TOTAL SOUTHWEST/WEST/OTHER 4,720,913 (147,088) (290,272) 143,677 (146,595) 4,427,230 90.3% 93.1%
-------------------------------------------------------------------------------------------------
COMPANY TOTALS 25,946,090 (145,774) (1,400,882) 1,057,856 (343,026) 25,457,290 95.1% 96.3%
=================================================================================================
- -------------------------------------------------------------------------------------------------------------------------------
</Table>
RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE
-----------------------------------------------
<Table>
Total sq. ft. as of June 30, 2001 26,947,901
Total sq. ft. of properties added this period 168,177
Total sq. ft. of properties sold this period (333,774)
-------------
Total sq. ft. as of September 30, 2001 26,782,304
=============
</Table>
- ------------------------------------------------------------- -------------
(a) Consolidated In-Service Portfolio excludes in-service development
properties in lease-up, aggregating 405,254 square feet.
(b) Net gain/loss of leased square footage through properties sold, acquired
or placed in service during the period.
(c) Represents the square footage of leases expiring during the period, or
scheduled to expire in the future for which new leases or renewals were
signed during the period, as well as internal administrative adjustments.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
37
<Page>
LEASING STATISTICS
------------------
(FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2001)
CONSOLIDATED IN-SERVICE PORTFOLIO (CONTINUED)
DETAIL OF TRANSACTION ACTIVITY
------------------------------
<Table>
<Caption>
- ------------------------------------------------------------------------------------------------------------------------------------
DETAIL BY REGION/MARKET
SQ. FT. WTD. WTD. LEASING
# OF SQ. FT. RENEWED AND AVG. AVG. COSTS PER
TRANS- TOTAL NEW OTHER TERM BASE SQ. FT. PER
REGION/MARKET PROPERTY TYPE ACTIONS SQ. FT. LEASES RETAINED(a) (YRS.) RENT(b) YEAR(c)
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST
Northern NJ Office 28 219,324 52,400 166,924 7.3 $26.99 $1.72
Office/Flex 5 60,082 26,830 33,252 7.8 $17.43 $2.19
Central NJ Office 17 212,858 59,987 152,871 5.4 $26.12 $1.97
Office/Flex - - - - - - -
Westchester Co., NY Office 19 69,435 24,921 44,514 6.0 $23.22 $1.38
Office/Flex 23 121,007 7,085 113,922 4.3 $16.79 $0.54
Industrial/Warehouse 2 6,447 - 6,447 1.0 $10.47 $0.43
Sub. Philadelphia Office 14 98,009 18,385 79,624 4.9 $23.91 $2.69
Office/Flex 3 67,400 7,000 60,400 2.3 $9.72 $0.49
Fairfield, CT Office 2 15,760 1,600 14,160 4.8 $25.13 $1.53
Office/Flex 9 28,722 - 28,722 3.3 $16.16 $0.43
Washington, DC/MD Office - - - - - - -
Rockland Co/Long Island, NY Office 3 15,135 2,096 13,039 3.6 $20.32 $1.69
--------------------------------------------------------------------------------
TOTAL NORTHEAST 125 914,179 200,304 713,875 5.5 $22.32 $1.72
--------------------------------------------------------------------------------
SOUTHWEST/WEST/OTHER
Texas Office 30 108,275 24,879 83,396 4.3 $19.72 $2.87
Colorado Office 6 28,122 1,543 26,579 4.4 $19.19 $1.44
San Francisco Office 23 7,280 2,788 4,492 2.3 $41.00 $1.76
Other Office - - - - - - -
--------------------------------------------------------------------------------
TOTAL SOUTHWEST/WEST/OTHER 59 143,677 29,210 114,467 4.2 $20.70 $2.62
--------------------------------------------------------------------------------
COMPANY TOTALS 184 1,057,856 229,514 828,342 5.3 $22.10 $1.82
================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
DETAIL BY PROPERTY TYPE
Office 142 774,198 188,599 585,599 5.7 $24.69 $2.01
Office/Flex 40 277,211 40,915 236,296 4.4 $15.14 $1.15
Industrial/Warehouse 2 6,447 - 6,447 1.0 $10.47 $0.43
---------- ---------- ---------- -------------- -------- --------- -------------
COMPANY TOTALS 184 1,057,856 229,514 828,342 5.3 $22.10 $1.82
================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
TENANT RETENTION: Leases Retained 60.3%
Sq. Ft. Retained 59.1%
- ------------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) "Other Retained" transactions include existing tenants' expansions and
relocations within the same building.
(b) For Office/Flex properties, equals triple net rent plus common area costs
and real estate taxes.
(c) Represents estimated workletter costs of $5,935,842 and commissions of
$4,127,492 committed, but not necessarily expended, during the period for
second generation space aggregating 1,041,940 square feet.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
38
<Page>
LEASING STATISTICS
------------------
(FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2001)
UNCONSOLIDATED JOINT VENTURE PROPERTIES (a)
SUMMARY OF SPACE LEASED
-----------------------
<Table>
<Caption>
- -------------------------------------------------------------------------------------------------------------------------------
LEASING ACTIVITY
LEASED
SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT.
LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED
STATE 6/30/01 SOLD(b) SQ. FT.(c) SQ. FT. ACTIVITY 9/30/01 9/30/01 6/30/01
- -------------------------------------------------------------------------------------------------------------------------------
New Jersey 147,842 - (7,265) 7,265 - 147,842 94.5% 94.5%
New York 187,000 - - - - 187,000 80.6% 80.6%
California 480,839 - - - - 480,839 98.4% 98.4%
Texas 261,593 - (71,600) 9,403 (62,197) 199,396 66.9% 87.8%
--------------- ------------ ------------ ----------- ------------ ------------ ------------ -----------
TOTALS 1,077,274 - (78,865) 16,668 (62,197) 1,015,077 86.4% 91.7%
=============== ============ ============ =========== ============ ============ ============ ===========
- -------------------------------------------------------------------------------------------------------------------------------
</Table>
RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE
-----------------------------------------------
<Table>
Total sq. ft. as of June 30, 2001 1,175,313
Total sq. ft. of properties bought/sold this period -
-------------
Total sq. ft. as of September 30, 2001 1,175,313
=============
</Table>
- ---------------------------------------------------------------------------
DETAIL OF TRANSACTION ACTIVITY
------------------------------
<Table>
<Caption>
- -------------------------------------------------------------------------------------------------------------------------------
SQ. FT.
RENEWED AND LEASING COSTS
# OF SQ. FT. NEW OTHER WTD. AVG. WTD. AVG. PER SQ. FT.
STATE TRANSACTIONS TOTAL SQ. FT. LEASES RETAINED(d) TERM (YRS.) BASE RENT PER YEAR(e)
- -------------------------------------------------------------------------------------------------------------------------------
New Jersey 1 7,265 7,265 - 5.0 $28.50 $2.36
Texas 1 9,403 - 9,403 4.2 $18.67 -
-------------------------------------------------------------------------------------------------------
TOTALS 2 16,668 7,265 9,403 4.6 $22.95 $1.13
=======================================================================================================
- -------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) Unconsolidated Joint Venture Properties excludes a 369,682 square foot
in-service development property in lease-up.
(b) Net gain/loss of leased square footage through properties sold, acquired
or placed in service during the period.
(c) Represents the square footage of leases expiring during the period or
scheduled to expire in the future for which new leases or renewals were
signed during the period, as well as internal administrative adjustments.
(d) "Other Retained" transactions include existing tenants' expansions and
relocations within the building.
(e) Represents estimated workletter costs of $26,877 and commissions of
$59,028 committed, but not necessarily expended, during the period for
second generation space aggregating 16,668 square feet.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
39
<Page>
LEASING STATISTICS
------------------
(FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001)
CONSOLIDATED IN-SERVICE PORTFOLIO (a)
SUMMARY OF SPACE LEASED
-----------------------
<Table>
<Caption>
- ------------------------------------------------------------------------------------------------------------------------------------
LEASING ACTIVITY
LEASED
SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT.
LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED
REGION/MARKET 12/31/00 SOLD(b) SQ. FT.(c) SQ. FT. ACTIVITY 9/30/01 9/30/01 12/31/00
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST
Northern NJ 9,168,667 273,926 (920,033) 709,487 (210,546) 9,232,047 95.9% 98.3%
Central NJ 2,689,076 - (406,206) 430,664 24,458 2,713,534 97.6% 96.7%
Westchester Co., NY 4,411,621 168,177 (629,979) 626,797 (3,182) 4,576,616 97.7% 97.7%
Sub. Philadelphia 2,557,156 281,450 (500,500) 491,072 (9,428) 2,829,178 92.1% 91.6%
Fairfield, CT 659,804 - (113,294) 102,853 (10,441) 649,363 96.5% 98.1%
Washington, DC/MD 607,942 (166,863) (63,969) 68,573 4,604 445,683 98.9% 98.6%
Rockland Co/Long Island, NY 556,918 31,000 (53,656) 49,377 (4,279) 583,639 98.7% 99.3%
------------- ------------ ------------- ------------ ------------- ------------ ---------- ---------
TOTAL NORTHEAST 20,651,184 587,690 (2,687,637) 2,478,823 (208,814) 21,030,060 96.1% 97.1%
------------- ------------ ------------- ------------ ------------- ------------ ---------- ---------
SOUTHWEST/WEST/OTHER
Texas 2,462,200 (364,517) (572,337) 389,093 (183,244) 1,914,439 85.0% 92.1%
Colorado 1,484,500 - (159,431) 58,642 (100,789) 1,383,711 93.0% 99.7%
San Francisco 445,490 - (25,000) 19,715 (5,285) 440,205 97.6% 98.8%
Arizona 416,967 - - - - 416,967 100.0% 100.0%
Other 342,466 (71,497) (19,332) 20,271 939 271,908 91.4% 92.6%
------------- ------------ ------------- ------------ ------------- ------------ ---------- ---------
TOTAL SOUTHWEST/WEST/OTHER 5,151,623 (436,014) (776,100) 487,721 (288,379) 4,427,230 90.3% 95.4%
------------- ------------ ------------- ------------ ------------- ------------ ---------- ---------
COMPANY TOTALS 25,802,807 151,676 (3,463,737) 2,966,544 (497,193) 25,457,290 95.1% 96.8%
============= ============ ============= ============ ============= ============ ========== =========
- ------------------------------------------------------------------------------------------------------------------------------------
</Table>
RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE
-----------------------------------------------
<Table>
Total sq. ft. as of December 31, 2000 26,666,821
Total sq. ft. of properties added this period 982,667
Total sq. ft. of properties sold this period (867,184)
-------------
Total sq. ft. as of September 30, 2001 26,782,304
=============
- ---------------------------------------------------------------------------
</Table>
(a) Consolidated In-Service Portfolio excludes in-service development
properties in lease-up, aggregating 405,254 square feet.
(b) Net gain/loss of leased square footage through properties sold, acquired
or placed in service during the period.
(c) Represents the square footage of leases expiring during the period or
scheduled to expire in the future for which new leases or renewals were
signed during the period, as well as internal administrative adjustments.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
40
<Page>
LEASING STATISTICS
------------------
(FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001)
CONSOLIDATED IN-SERVICE PORTFOLIO (CONTINUED)
DETAIL OF TRANSACTION ACTIVITY
------------------------------
<Table>
<Caption>
- -----------------------------------------------------------------------------------------------------------------------------------
DETAIL BY REGION/MARKET
SQ. FT. WTD. WTD. LEASING
# OF SQ. FT. RENEWED AND AVG. AVG. COSTS PER
TRANS- TOTAL NEW OTHER TERM BASE SQ. FT.
REGION/MARKET PROPERTY TYPE ACTIONS SQ. FT. LEASES RETAINED(a) (YRS.) RENT(b) PER YEAR(c)
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHEAST
Northern NJ Office 95 633,213 240,544 392,669 6.8 $28.48 $2.13
Office/Flex 8 76,274 40,295 35,979 7.4 $17.21 $2.02
Central NJ Office 37 331,904 106,176 225,728 5.3 $26.56 $2.15
Office/Flex 8 98,760 17,435 81,325 8.4 $18.60 $0.85
Westchester Co., NY Office 85 311,537 120,048 191,489 5.6 $25.27 $1.70
Office/Flex 56 305,813 49,848 255,965 4.0 $16.41 $0.91
Industrial/Warehouse 3 9,447 3,000 6,447 1.0 $10.96 $0.44
Sub. Philadelphia Office 40 301,992 101,168 200,824 4.8 $25.87 $2.48
Office/Flex 17 189,080 46,565 142,515 3.5 $9.69 $0.71
Fairfield, CT Office 11 65,881 1,600 64,281 3.1 $25.97 $1.10
Office/Flex 12 36,972 4,250 32,722 2.8 $16.41 $0.45
Washington, DC/MD Office 3 68,573 - 68,573 11.5 $26.15 $1.99
Rockland Co/Long Insland, NY Office 14 49,377 9,895 39,482 4.6 $23.12 $1.67
-------------------------------------------------------------------------------
TOTAL NORTHEAST 389 2,478,823 740,824 1,737,999 5.6 $23.35 $1.89
-------------------------------------------------------------------------------
SOUTHWEST/WEST/OTHER
Texas Office 106 389,093 125,348 263,745 3.4 $19.93 $2.36
Colorado Office 19 58,642 8,276 50,366 4.1 $20.49 $1.27
San Francisco Office 55 19,715 7,220 12,495 2.4 $47.05 $2.09
Other Office 5 20,271 7,831 12,440 4.7 $18.14 $2.14
-------------------------------------------------------------------------------
TOTAL SOUTHWEST/WEST/OTHER 185 487,721 148,675 339,046 3.5 $21.02 $2.25
-------------------------------------------------------------------------------
COMPANY TOTALS 574 2,966,544 889,499 2,077,045 5.3 $22.97 $1.93
===============================================================================
- -----------------------------------------------------------------------------------------------------------------------------------
DETAIL BY PROPERTY TYPE
Office 470 2,250,198 728,106 1,522,092 5.4 $25.52 $2.13
Office/Flex 101 706,899 158,393 548,506 4.8 $15.00 $1.14
Industrial/Warehouse 3 9,447 3,000 6,447 1.0 $10.96 $0.44
-------------------------------------------------------------------------------
COMPANY TOTALS 574 2,966,544 889,499 2,077,045 5.3 $22.97 $1.93
===============================================================================
- -----------------------------------------------------------------------------------------------------------------------------------
TENANT RETENTION: Leases
Retained 60.1%
Sq. Ft.
Retained 60.0%
- -----------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) "Other Retained" transactions include existing tenants' expansions and
relocations within the same building.
(b) For Office/Flex properties, equals triple net rent plus common area costs
and real estate taxes.
(c) Represents estimated workletter costs of $17,568,140 and commissions of
$11,200,116 committed, but not necessarily expended, during the period for
second generation space aggregating 2,862,052 square feet.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
41
<Page>
LEASING STATISTICS
------------------
(FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001)
UNCONSOLIDATED JOINT VENTURE PROPERTIES (a)
SUMMARY OF SPACE LEASED
-----------------------
<Table>
<Caption>
- -------------------------------------------------------------------------------------------------------------------------------
LEASING ACTIVITY
LEASED
SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT.
LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED
STATE 12/31/00 SOLD(b) SQ. FT.(c) SQ. FT. ACTIVITY 9/30/01 9/30/01 12/31/00
- -------------------------------------------------------------------------------------------------------------------------------
New Jersey 154,749 - (15,918) 9,011 (6,907) 147,842 94.5% 98.9%
New York 187,000 - - - - 187,000 80.6% 80.6%
California 841,984 (372,926) - 11,781 11,781 480,839 98.4% 86.2%
Texas 281,016 - (91,023) 9,403 (81,620) 199,396 66.9% 94.3%
-------------------------------------------------------------------------------------------------------
TOTALS 1,464,749 (372,926) (106,941) 30,195 (76,746) 1,015,077 86.4% 94.6%
=======================================================================================================
- -------------------------------------------------------------------------------------------------------------------------------
</Table>
RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE
-----------------------------------------------
<Table>
Total sq. ft. as of December 31, 2000 1,548,239
Total sq. ft. of properties sold this period (372,926)
-------------
Total sq. ft. as of September 30, 2001 1,175,313
=============
</Table>
- ---------------------------------------------------------------------------
DETAIL OF TRANSACTION ACTIVITY
------------------------------
<Table>
<Caption>
- -------------------------------------------------------------------------------------------------------------------------------
SQ. FT.
RENEWED AND LEASING COSTS
# OF SQ. FT. NEW OTHER WTD. AVG. WTD. AVG. PER SQ. FT.
STATE TRANSACTIONS TOTAL SQ. FT. LEASES RETAINED(d) TERM (YRS.) BASE RENT PER YEAR(e)
- -------------------------------------------------------------------------------------------------------------------------------
New Jersey 2 9,011 7,265 1,746 4.6 $25.94 $2.09
Texas 1 9,403 - 9,403 4.2 $18.67 -
California 2 11,781 6,263 5,518 5.0 $22.20 $2.78
-------------------------------------------------------------------------------------------------------
TOTALS 5 30,195 13,528 16,667 4.6 $22.22 $2.31
============= =========================================================================================
- -------------------------------------------------------------------------------------------------------------------------------
</Table>
(a) Unconsolidated Joint Venture Properties excludes a 369,682 square foot
in-service development property in lease-up.
(b) Net gain/loss of leased square footage through properties sold, acquired
or placed in service during the period.
(c) Represents the square footage of leases expiring during the period or
scheduled to expire in the future for which new leases or renewals were
signed during the period, as well as internal administrative adjustments.
(d) "Other Retained" transactions include existing tenants' expansions and
relocations within the same building.
(e) Represents estimated workletter costs of $159,977 and commissions of
$90,701 committed, but not necessarily expended, during the period for
second generation space aggregating 23,932 square feet.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
42
<Page>
MARKET DIVERSIFICATION
----------------------
The following table lists the Company's markets (MSAs), based on
annualized contractual base rent of the Consolidated Properties:
<Table>
<Caption>
ANNUALIZED PERCENTAGE OF
BASE RENTAL COMPANY TOTAL
REVENUE ANNUALIZED BASE PROPERTY SIZE PERCENTAGE OF
MARKET (MSA) ($)(a)(b) RENTAL REVENUE (%) RENTABLE AREA RENTABLE AREA (%)
- ------------------------------------------------------- ----------------- ---------------------- ----------------- -----------------
New York, NY (Westchester-Rockland Counties) 85,317,974 17.6 4,864,355 17.9
Bergen-Passaic, NJ 84,562,453 17.4 4,530,091 16.7
Newark, NJ (Essex-Morris-Union Counties) 81,725,777 16.8 3,960,364 14.6
Jersey City, NJ 42,710,625 8.8 2,094,470 7.7
Philadelphia, PA-NJ 40,553,674 8.3 2,991,796 11.0
Denver, CO 18,625,157 3.8 1,193,185 4.4
Middlesex-Somerset-Hunterdon, NJ 15,740,796 3.2 791,051 2.9
Trenton, NJ (Mercer County) 14,576,099 3.0 672,365 2.5
Dallas, TX 14,228,855 2.9 863,954 3.2
San Francisco, CA 12,835,361 2.6 450,891 1.7
Washington, DC-MD-VA 12,638,284 2.6 450,549 1.6
Stamford-Norwalk, CT 9,090,436 1.9 527,250 1.9
Houston, TX 8,052,078 1.7 629,009 2.3
Monmouth-Ocean, NJ 7,489,716 1.5 577,423 2.1
San Antonio, TX 7,193,992 1.5 684,165 2.5
Nassau-Suffolk, NY 6,373,398 1.3 292,849 1.1
Phoenix-Mesa, AZ 5,646,402 1.2 416,967 1.5
Tampa-St. Petersburg-Clearwater, FL 3,919,104 0.8 297,429 1.1
Boulder-Longmont, CO 3,612,297 0.7 270,421 1.0
Bridgeport, CT 3,170,791 0.7 145,487 0.5
Colorado Springs, CO 2,926,633 0.6 209,987 0.8
Dutchess County, NY 2,161,518 0.5 118,727 0.4
Atlantic-Cape May, NJ 1,744,515 0.4 80,344 0.3
Fort Worth-Arlington, TX 1,152,135 0.2 74,429 0.3
- ------------------------------------------------------- ----------------- ---------------------- ----------------- ------------
Totals 486,048,070 100.0 27,187,558 100.0
======================================================= ================= ====================== ================= ============
</Table>
(a) Annualized base rental revenue is based on actual September 2001 billings
times 12. For leases whose rent commences after October 1, 2001, annualized
base rental revenue is based on the first full month's billing times 12. As
annualized base rental revenue is not derived from historical generally
accepted accounting principles ("GAAP") results, historical results may
differ from those set forth above.
(b) Includes office, office/flex, industrial/warehouse and stand-alone retail
tenants only. Excludes leases for amenity, retail, parking and
month-to-month office tenants. Some tenants have multiple leases.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
43
<Page>
INDUSTRY DIVERSIFICATION
------------------------
The following table lists the Company's 30 largest industry classifications
based on annualized contractual base rent of the Consolidated Properties:
<Table>
<Caption>
ANNUALIZED PERCENTAGE OF PERCENTAGE OF
BASE RENTAL COMPANY SQUARE TOTAL COMPANY
REVENUE ANNUALIZED BASE FEET LEASED
INDUSTRY CLASSIFICATION (a) ($)(b)(c) RENTAL REVENUE (%) LEASED SQ. FT.(%)
- ------------------------------------------------------------ -------------- ----------------------- -------------- -----------------
Securities, Commodity Contracts & Other Financial 57,160,695 11.8 2,401,003 9.5
Manufacturing 44,930,943 9.2 2,615,130 10.3
Insurance Carriers & Related Activities 33,254,381 6.8 1,618,904 6.4
Computer System Design Svcs. 32,900,127 6.8 1,703,691 6.7
Telecommunications 32,496,474 6.7 1,744,008 6.9
Legal Services 28,301,066 5.8 1,226,670 4.9
Health Care & Social Assistance 21,001,948 4.3 1,085,687 4.3
Credit Intermediation & Related Activities 20,698,497 4.3 1,184,339 4.7
Accounting/Tax Prep. 18,680,541 3.8 809,785 3.2
Wholesale Trade 18,296,037 3.8 1,329,345 5.3
Other Professional 16,692,771 3.4 911,534 3.6
Information Services 14,421,524 3.0 661,517 2.6
Retail Trade 14,360,929 3.0 824,574 3.3
Publishing Industries 12,772,819 2.6 568,124 2.2
Scientific Research/Development 11,285,757 2.3 661,278 2.6
Arts, Entertainment & Recreation 10,792,960 2.2 720,573 2.9
Real Estate & Rental & Leasing 9,936,344 2.1 487,923 1.9
Architectural/Engineering 9,917,105 2.0 483,844 1.9
Other Services (except Public Administration) 9,322,689 1.9 688,081 2.7
Advertising/Related Services 8,455,680 1.7 383,776 1.5
Transportation 6,898,771 1.4 463,893 1.8
Management of Companies & Finance 6,574,771 1.4 326,946 1.3
Management/Scientific 6,535,006 1.3 296,429 1.2
Data Processing Services 5,522,926 1.1 245,826 1.0
Construction 5,077,648 1.1 279,049 1.1
Utilities 4,497,242 0.9 207,188 0.8
Educational Services 4,358,780 0.9 227,321 0.9
Specialized Design Services 3,737,440 0.8 169,297 0.7
Public Administration 3,691,846 0.8 190,883 0.8
Admin. & Support, Waste Mgt. & Remediation Svc. 3,671,546 0.8 263,172 1.0
Other 9,802,807 2.0 497,454 2.0
- ------------------------------------------------------------ -------------- ----------------------- -------------- -----------------
Totals 486,048,070 100.0 25,277,244 100.0
============================================================ ============== ======================= ============== =================
</Table>
(a) The Company's tenants are classified according to the U.S. Government's
new North American Industrial Classification System (NAICS) which has
replaced the Standard Industrial Code (SIC) system.
(b) Annualized base rental revenue is based on actual September billings times
12. For leases whose rent commences after October 1, 2001, annualized base
rental revenue is based on the first full month's billing times 12. As
annualized base rental revenue is not derived from historical GAAP
results, historical results may differ from those set forth above.
(c) Includes office, office/flex, industrial/warehouse and stand-alone retail
tenants only. Excludes leases for amenity, retail, parking and
month-to-month office tenants. Some tenants have multiple leases.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
44
<Page>
CONSOLIDATED PORTFOLIO ANALYSIS (a)
-----------------------------------
(AS OF SEPTEMBER 30, 2001)
BREAKDOWN BY NUMBER OF PROPERTIES
PROPERTY TYPE:
-------------
<Table>
<Caption>
- ------------------------------------------------------------------------------------------------------------------------------------
STAND- MULTI-
% OF OFFICE/ % OF INDUSTRIAL/ % OF ALONE % OF FAMILY % OF LAND % OF TOTALS % OF
STATE OFFICE TOTAL FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL RESIDENTIAL TOTAL LEASES TOTAL BY STATE TOTAL
- ------------------------------------------------------------------------------------------------------------------------------------
New Jersey 71 27.3% 50 19.2% -- -- -- -- -- -- 1 0.4% 122 46.9%
New York 23 8.8% 39 15.0% 6 2.3% 2 0.8% 1 0.4% 2 0.8% 73 28.1%
Pennsylvania 13 5.0% -- -- -- -- -- -- -- -- -- -- 13 5.0%
Connecticut 3 1.2% 5 1.9% -- -- -- -- -- -- -- -- 8 3.1%
Wash., D.C./
Maryland 3 1.2% -- -- -- -- -- -- -- -- -- 3 1.2%
- ------------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL
NORTHEAST: 113 43.5% 94 36.1% 6 2.3% 2 0.8% 1 0.4% 3 1.2% 219 84.3%
- ------------------------------------------------------------------------------------------------------------------------------------
Texas 14 5.3% -- -- -- -- -- -- -- -- -- -- 14 5.3%
Arizona 3 1.2% -- -- -- -- -- -- -- -- -- -- 3 1.2%
California 2 0.8% -- -- -- -- -- -- -- -- -- -- 2 0.8%
Colorado 21 8.0% -- -- -- -- -- -- -- -- -- -- 21 8.0%
Florida 1 0.4% -- -- -- -- -- -- -- -- -- -- 1 0.4%
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS
BY TYPE: 154 59.2% 94 36.1% 6 2.3% 2 0.8% 1 0.4% 3 1.2% 260 100.0%
====================================================================================================================================
</Table>
(a) Excludes 9 properties, aggregating approximately 1.5 million square
feet, which are not consolidated by the Company.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
45
<Page>
CONSOLIDATED PORTFOLIO ANALYSIS(a)
----------------------------------
(AS OF SEPTEMBER 30, 2001)
BREAKDOWN BY SQUARE FOOTAGE
PROPERTY TYPE:
-------------
<Table>
<Caption>
- --------------------------------------------------------------------------------------------------------------------------------
STAND-
% OF % OF INDUSTRIAL/ % OF ALONE % OF TOTALS BY % OF
STATE OFFICE TOTAL OFFICE/FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL STATE TOTAL
- --------------------------------------------------------------------------------------------------------------------------------
New Jersey 11,946,575 43.9% 2,277,531 8.4% -- -- -- -- 14,224,106 52.3%
New York 2,626,484 9.6% 2,244,747 8.3% 387,400 1.4% 17,300 0.1% 5,275,931 19.4%
Pennsylvania 1,473,798 5.4% -- -- -- -- -- -- 1,473,798 5.4%
Connecticut 399,737 1.5% 273,000 1.0% -- -- -- -- 672,737 2.5%
Wash., D.C./
Maryland 450,549 1.7% -- -- -- -- -- -- 450,549 1.7%
- --------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL
NORTHEAST 16,897,143 62.1% 4,795,278 17.7% 387,400 1.4% 17,300 0.1% 22,097,121 81.3%
- --------------------------------------------------------------------------------------------------------------------------------
Texas 2,251,557 8.3% -- -- -- -- -- -- 2,251,557 8.3%
Arizona 416,967 1.5% -- -- -- -- -- -- 416,967 1.5%
California 450,891 1.7% -- -- -- -- -- -- 450,891 1.7%
Colorado 1,673,593 6.1% -- -- -- -- -- -- 1,673,593 6.1%
Florida 297,429 1.1% -- -- -- -- -- -- 297,429 1.1%
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS
BY TYPE: 21,987,580 80.8% 4,795,278 17.7% 387,400 1.4% 17,300 0.1% 27,187,558 100.0%
================================================================================================================================
</Table>
(a) Excludes 9 properties, aggregating approximately 1.5 million square
feet, which are not consolidated by the Company.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
46
<Page>
CONSOLIDATED PORTFOLIO ANALYSIS(a)
----------------------------------
(YEAR ENDED SEPTEMBER 30, 2001)
BREAKDOWN BY BASE RENTAL REVENUE(b)
(DOLLARS IN THOUSANDS)
PROPERTY TYPE:
-------------
<Table>
<Caption>
- -----------------------------------------------------------------------------------------------------------------------------------
INDUST./ STAND- MULTI-
% OF OFFICE/ % OF WARE- % OF ALONE % OF FAMILY % OF LAND
STATE OFFICE TOTAL FLEX TOTAL HOUSE TOTAL RETAIL TOTAL RESIDENTIAL TOTAL LEASES
- -----------------------------------------------------------------------------------------------------------------------------------
New Jersey 244,632 48.9% 17,684 3.5% -- -- -- -- -- -- 261
New York 57,244 11.4% 31,221 6.2% 3,715 0.7% 439 0.1% 2,510 0.5% 255
Pennsylvania 29,899 6.0% -- -- -- -- -- -- -- -- --
Connecticut 8,845 1.8% 3,927 0.8% -- -- -- -- -- -- --
Wash., D.C./
Maryland 14,332 2.9% -- -- -- -- -- -- -- -- --
- -----------------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL
NORTHEAST: 354,952 71.0% 52,832 10.5% 3,715 0.7% 439 0.1% 2,510 0.5% 516
- -----------------------------------------------------------------------------------------------------------------------------------
Texas 32,789 6.6% -- -- -- -- -- -- -- -- --
Arizona 5,765 1.2% -- -- -- -- -- -- -- -- --
California 15,700 3.1% -- -- -- -- -- -- -- -- --
Colorado 27,132 5.4% -- -- -- -- -- -- -- -- --
Florida 3,707 0.7% -- -- -- -- -- -- -- -- --
- -----------------------------------------------------------------------------------------------------------------------------------
TOTALS
BY TYPE: 440,045 88.0% 52,832 10.5% 3,715 0.7% 439 0.1% 2,510 0.5% 516
===================================================================================================================================
<Caption>
- -------------------------------------------------
% OF TOTALS BY % OF
STATE TOTAL STATE TOTAL
- -------------------------------------------------
New Jersey 0.1% 262,577 52.5%
New York 0.1% 95,384 19.0%
Pennsylvania -- 29,899 6.0%
Connecticut -- 12,772 2.6%
Wash., D.C./
Maryland -- 14,332 2.9%
- -------------------------------------------------
SUB-TOTAL
NORTHEAST: 0.2% 414,964 83.0%
- -------------------------------------------------
Texas -- 32,789 6.6%
Arizona -- 5,765 1.2%
California -- 15,700 3.1%
Colorado -- 27,132 5.4%
Florida -- 3,707 0.7%
- -------------------------------------------------
TOTALS
BY TYPE: 0.2% 500,057 100.0%
=================================================
</Table>
(a) Excludes 9 properties, aggregating approximately 1.5 million square
feet, which are not consolidated by the Company.
(b) Total base rent for the twelve months ended September 30, 2001,
determined in accordance with GAAP. Substantially all of the leases
provide for annual base rents plus recoveries and escalation charges
based upon the tenants' proportionate share of and/or increases in real
estate taxes and certain costs, as defined, and the pass through of
charges for electrical usage. For those properties acquired or placed
in service during the twelve months ended September 30, 2001, amounts
are annualized. These annualized amounts may not be indicative of the
property's results had the Company owned or placed such property in
service for the entire twelve months ended September 30, 2001.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
47
<Page>
CONSOLIDATED PORTFOLIO ANALYSIS (a)
-----------------------------------
(AS OF SEPTEMBER 30, 2001)
BREAKDOWN BY PERCENTAGE LEASED
PROPERTY TYPE:
-------------
<Table>
<Caption>
- ----------------------------------------------------------------------------------------------------------------------------
WEIGHTED AVG.
STATE OFFICE OFFICE/FLEX INDUSTRIAL/WAREHOUSE STAND-ALONE RETAIL BY STATE
- ----------------------------------------------------------------------------------------------------------------------------
New Jersey 96.3% 93.8% -- -- 95.9%
New York 97.7% 97.9% 98.0% 100.0% 97.8%
Pennsylvania 89.2% -- -- -- 89.2%
Connecticut 95.8% 97.6% -- -- 96.5%
Washington, D.C./ Maryland 98.9% -- -- -- 98.9%
- ----------------------------------------------------------------------------------------------------------------------------
SUB-TOTAL NORTHEAST 96.0% 95.9% 98.0% 100.0% 96.7%
- ----------------------------------------------------------------------------------------------------------------------------
Texas 85.0% -- -- -- 85.0%
Arizona 100.0% -- -- -- 100.0%
California 97.6% -- -- -- 97.6%
Colorado 93.0% -- -- -- 93.0%
Florida 91.4% -- -- -- 91.4%
- ----------------------------------------------------------------------------------------------------------------------------
WEIGHTED AVG. BY TYPE: 94.7% 95.9% 98.0% 100.0% 95.1%
============================================================================================================================
</Table>
(a) Excludes 9 properties, aggregating approximately 1.5 million square
feet, which are not consolidated by the Company, as well as
multi-family residential and land lease properties. Also excludes two
in-service development properties in lease-up, aggregating 405,254
square feet.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
48
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
ATLANTIC COUNTY, NEW JERSEY
EGG HARBOR
100 Decadon Drive.................... 1987 40,422 100.0 730 0.15 18.06
200 Decadon Drive.................... 1991 39,922 100.0 732 0.15 18.34
BERGEN COUNTY, NEW JERSEY
FAIR LAWN
17-17 Route 208 North................ 1987 143,000 99.9 3,260 0.66 22.82
FORT LEE
One Bridge Plaza..................... 1981 200,000 98.7 5,045 1.02 25.56
2115 Linwood Avenue.................. 1981 68,000 99.7 1,659 0.33 24.47
LITTLE FERRY
200 Riser Road....................... 1974 286,628 100.0 2,018 0.41 7.04
MONTVALE
95 Chestnut Ridge Road............... 1975 47,700 100.0 568 0.11 11.91
135 Chestnut Ridge Road.............. 1981 66,150 100.0 1,392 0.28 21.04
PARAMUS
15 East Midland Avenue............... 1988 259,823 100.0 6,730 1.36 25.90
461 From Road........................ 1988 253,554 99.8 6,045 1.22 23.89
650 From Road........................ 1978 348,510 97.1 6,053 1.22 17.89
140 Ridgewood Avenue ................ 1981 239,680 100.0 5,342 1.08 22.29
61 South Paramus Avenue.............. 1985 269,191 100.0 6,213 1.25 23.08
ROCHELLE PARK
120 Passaic Street................... 1972 52,000 99.6 1,438 0.29 27.76
365 West Passaic Street.............. 1976 212,578 95.2 4,178 0.84 20.64
SADDLE RIVER
1 Lake Street........................ 1973/94 474,801 100.0 7,465 1.50 15.72
UPPER SADDLE RIVER
10 Mountainview Road................. 1986 192,000 99.3 3,990 0.80 20.93
WOODCLIFF LAKE
400 Chestnut Ridge Road.............. 1982 89,200 100.0 2,124 0.43 23.81
470 Chestnut Ridge Road.............. 1987 52,500 100.0 1,192 0.24 22.70
530 Chestnut Ridge Road.............. 1986 57,204 100.0 1,166 0.23 20.38
50 Tice Boulevard.................... 1984 235,000 97.5 5,244 1.06 22.89
300 Tice Boulevard................... 1991 230,000 92.7 4,778 0.96 22.41
BURLINGTON COUNTY, NEW JERSEY
MOORESTOWN
224 Strawbridge Drive................ 1984 74,000 100.0 1,460 0.29 19.73
228 Strawbridge Drive................ 1984 74,000 100.0 1,434 0.29 19.38
ESSEX COUNTY, NEW JERSEY
MILLBURN
150 J.F. Kennedy Parkway............. 1980 247,476 96.4 6,441 1.30 27.00
ROSELAND
101 Eisenhower Parkway............... 1980 237,000 84.0 3,952 0.80 19.85
103 Eisenhower Parkway............... 1985 151,545 83.9 3,155 0.64 24.81
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
49
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- ------------------------------------------------------------------------------------------------------------------------
105 Eisenhower Parkway (e) ............ 2001 220,000 50.9 3,499 0.70 31.24
HUDSON COUNTY, NEW JERSEY
JERSEY CITY
Harborside Financial Center Plaza 1.... 1983 400,000 99.0 3,339 0.67 8.43
Harborside Financial Center Plaza 2.... 1990 761,200 100.0 18,915 3.81 24.85
Harborside Financial Center Plaza 3.... 1990 725,600 100.0 18,029 3.63 24.85
Harborside Financial Center Plaza 4-A . 2000 207,670 88.7 5,237 1.05 29.93 (f)
MERCER COUNTY, NEW JERSEY
PRINCETON
103 Carnegie Center.................... 1984 96,000 100.0 2,304 0.46 24.00
100 Overlook Center ................... 1988 149,600 100.0 3,085 0.62 20.62
5 Vaughn Drive......................... 1987 98,500 95.0 2,333 0.47 24.93
MIDDLESEX COUNTY, NEW JERSEY
EAST BRUNSWICK
377 Summerhill Road.................... 1977 40,000 100.0 373 0.08 9.33
PLAINSBORO
500 College Road East.................. 1984 158,235 100.0 3,131 0.63 19.79
SOUTH BRUNSWICK
3 Independence Way..................... 1983 111,300 100.0 2,184 0.44 19.62
WOODBRIDGE
581 Main Street........................ 1991 200,000 100.0 4,834 0.97 24.17
MONMOUTH COUNTY, NEW JERSEY
NEPTUNE
3600 Route 66.......................... 1989 180,000 100.0 2,410 0.49 13.39
WALL TOWNSHIP
1305 Campus Parkway.................... 1988 23,350 92.4 378 0.08 17.52
1350 Campus Parkway.................... 1990 79,747 99.9 1,458 0.29 18.30
MORRIS COUNTY, NEW JERSEY
FLORHAM PARK
325 Columbia Turnpike.................. 1987 168,144 100.0 4,277 0.86 25.44
MORRIS PLAINS
250 Johnson Road....................... 1977 75,000 100.0 1,594 0.32 21.25
201 Littleton Road..................... 1979 88,369 80.3 1,850 0.37 26.07
MORRIS TOWNSHIP
340 Mt. Kemble Avenue.................. 1985 387,000 100.0 5,530 1.11 14.29
PARSIPPANY
4 Campus Drive (e)..................... 1983 147,475 86.8 3,361 0.68 26.26
6 Campus Drive (e)..................... 1983 148,291 98.4 3,897 0.78 26.71
7 Campus Drive......................... 1982 154,395 100.0 2,170 0.44 14.05
8 Campus Drive......................... 1987 215,265 100.0 5,632 1.13 26.16
2 Dryden Way........................... 1990 6,216 100.0 70 0.01 11.26
4 Gatehall Drive....................... 1988 248,480 97.0 5,810 1.17 24.11
2 Hilton Court......................... 1991 181,592 100.0 4,715 0.95 25.96
600 Parsippany Road.................... 1978 96,000 74.8 1,856 0.37 25.85
1 Sylvan Way........................... 1989 150,557 100.0 3,514 0.71 23.34
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
50
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- ------------------------------------------------------------------------------------------------------------------------
5 Sylvan Way...................... 1989 151,383 100.0 3,991 0.80 26.36
7 Sylvan Way...................... 1987 145,983 100.0 2,922 0.59 20.02
PASSAIC COUNTY, NEW JERSEY
CLIFTON
777 Passaic Avenue................ 1983 75,000 95.8 1,299 0.26 18.08
TOTOWA
999 Riverview Drive............... 1988 56,066 65.0 953 0.19 26.15
WAYNE
201 Willowbrook Boulevard......... 1970 178,329 28.6 2,333 0.47 45.74
SOMERSET COUNTY, NEW JERSEY
BASKING RIDGE
222 Mt. Airy Road................. 1986 49,000 100.0 739 0.15 15.08
233 Mt. Airy Road................. 1987 66,000 100.0 1,177 0.24 17.83
BERNARDS
106 Allen Road.................... 2000 132,010 66.7 1,623 0.33 25.85 (f)
BRIDGEWATER
721 Route 202/206................. 1989 192,741 100.0 4,379 0.88 22.72
UNION COUNTY, NEW JERSEY
CLARK
100 Walnut Avenue................. 1985 182,555 100.0 4,359 0.88 23.88
CRANFORD
6 Commerce Drive.................. 1973 56,000 93.0 1,064 0.21 20.43
11 Commerce Drive (c)............. 1981 90,000 95.6 983 0.20 11.42
12 Commerce Drive................. 1967 72,260 96.3 676 0.14 9.71
20 Commerce Drive................. 1990 176,600 100.0 4,285 0.86 24.26
65 Jackson Drive.................. 1984 82,778 100.0 1,645 0.33 19.87
NEW PROVIDENCE
890 Mountain Road................. 1977 80,000 100.0 2,615 0.53 32.69
- ------------------------------------------------------------------------------------------------------------------------
TOTAL NEW JERSEY OFFICE 11,946,575 96.3 (G) 244,632 49.26 21.25
- ------------------------------------------------------------------------------------------------------------------------
DUTCHESS COUNTY, NEW YORK
FISHKILL
300 South Lake Drive.............. 1987 118,727 93.3 2,174 0.44 19.63
NASSAU COUNTY, NEW YORK
NORTH HEMPSTEAD
600 Community Drive............... 1983 237,274 100.0 5,365 1.08 22.61
111 East Shore Road............... 1980 55,575 100.0 1,518 0.31 27.31
ROCKLAND COUNTY, NEW YORK
SUFFERN
400 Rella Boulevard............... 1988 180,000 100.0 3,766 0.76 20.92
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
51
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
WESTCHESTER COUNTY, NEW YORK
ELMSFORD
100 Clearbrook Road (c)........... 1975 60,000 96.8 877 0.18 15.10
101 Executive Boulevard........... 1971 50,000 83.8 952 0.19 22.72
555 Taxter Road................... 1986 170,554 100.0 4,033 0.81 23.65
565 Taxter Road................... 1988 170,554 90.3 3,641 0.73 23.64
570 Taxter Road................... 1972 75,000 94.2 1,577 0.32 22.32
HAWTHORNE
30 Saw Mill River Road............ 1982 248,400 100.0 4,657 0.94 18.75
1 Skyline Drive................... 1980 20,400 99.0 363 0.07 17.97
2 Skyline Drive................... 1987 30,000 98.9 478 0.10 16.11
7 Skyline Drive................... 1987 109,000 100.0 2,234 0.45 20.50
17 Skyline Drive.................. 1989 85,000 100.0 1,328 0.27 15.62
TARRYTOWN
200 White Plains Road............. 1982 89,000 77.0 1,662 0.33 24.25
220 White Plains Road............. 1984 89,000 99.4 2,086 0.42 23.58
WHITE PLAINS
1 Barker Avenue................... 1975 68,000 99.0 1,637 0.33 24.32
3 Barker Avenue................... 1983 65,300 100.0 1,224 0.25 18.74
50 Main Street.................... 1985 309,000 100.0 8,047 1.62 26.04
11 Martine Avenue................. 1987 180,000 100.0 4,527 0.91 25.15
1 Water Street.................... 1979 45,700 99.8 1,099 0.22 24.10
YONKERS
1 Executive Boulevard............. 1982 112,000 100.0 2,569 0.52 22.94
3 Executive Plaza................. 1987 58,000 100.0 1,430 0.29 24.66
- --------------------------------------------------------------------------------------------------------------------------
TOTAL NEW YORK OFFICE 2,626,484 97.7 57,244 11.54 22.31
- --------------------------------------------------------------------------------------------------------------------------
CHESTER COUNTY, PENNSYLVANIA
BERWYN
1000 Westlakes Drive.............. 1989 60,696 93.4 1,527 0.31 26.94
1055 Westlakes Drive.............. 1990 118,487 52.0 1,263 0.25 20.50
1205 Westlakes Drive.............. 1988 130,265 83.7 2,750 0.55 25.22
1235 Westlakes Drive.............. 1986 134,902 100.0 3,294 0.66 24.42
DELAWARE COUNTY, PENNSYLVANIA
LESTER
100 Stevens Drive................. 1986 95,000 100.0 2,527 0.51 26.60
200 Stevens Drive................. 1987 208,000 100.0 5,478 1.10 26.34
300 Stevens Drive................. 1992 68,000 52.2 1,506 0.30 42.43
MEDIA
1400 Providence Road - Center I... 1986 100,000 91.4 1,876 0.38 20.53
1400 Providence Road - Center II.. 1990 160,000 80.6 2,719 0.55 21.08
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
52
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
MONTGOMERY COUNTY, PENNSYLVANIA
LOWER PROVIDENCE
1000 Madison Avenue.................. 1990 100,700 100.0 1,708 0.34 16.96
PLYMOUTH MEETING
1150 Plymouth Meeting Mall........... 1970 167,748 97.3 2,851 0.58 17.47
Five Sentry Parkway East............. 1984 91,600 100.0 1,601 0.32 17.48
Five Sentry Parkway West............. 1984 38,400 100.0 799 0.16 20.81
- --------------------------------------------------------------------------------------------------------------------------
TOTAL PENNSYLVANIA OFFICE 1,473,798 89.2 29,899 6.01 22.74
- --------------------------------------------------------------------------------------------------------------------------
FAIRFIELD COUNTY, CONNECTICUT
GREENWICH
500 West Putnam Avenue............... 1973 121,250 96.0 3,021 0.61 25.95
NORWALK
40 Richards Avenue................... 1985 145,487 91.7 3,315 0.67 24.85
SHELTON
1000 Bridgeport Avenue............... 1986 133,000 100.0 2,509 0.51 18.86
- --------------------------------------------------------------------------------------------------------------------------
TOTAL CONNECTICUT OFFICE 399,737 95.8 8,845 1.79 23.11
- --------------------------------------------------------------------------------------------------------------------------
WASHINGTON, D.C.
1201 Connecticut Avenue, NW.......... 1940 169,549 100.0 5,617 1.13 33.13
1400 L Street, NW.................... 1987 159,000 100.0 6,259 1.26 39.36
- --------------------------------------------------------------------------------------------------------------------------
TOTAL DISTRICT OF COLUMBIA OFFICE 328,549 100.0 11,876 2.39 36.15
- --------------------------------------------------------------------------------------------------------------------------
PRINCE GEORGE'S COUNTY, MARYLAND
LANHAM
4200 Parliament Place................ 1989 122,000 96.0 2,456 0.49 20.97
- --------------------------------------------------------------------------------------------------------------------------
TOTAL MARYLAND OFFICE 122,000 96.0 2,456 0.49 20.97
- --------------------------------------------------------------------------------------------------------------------------
BEXAR COUNTY, TEXAS
SAN ANTONIO
200 Concord Plaza Drive.............. 1986 248,700 86.4 4,659 0.94 21.68
84 N.E. Loop 410..................... 1971 187,312 90.9 2,602 0.52 15.28
111 Soledad.......................... 1918 248,153 47.9 2,249 0.45 18.92
COLLIN COUNTY, TEXAS
PLANO
555 Republic Place................... 1986 97,889 94.6 1,294 0.26 13.97
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
53
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
DALLAS COUNTY, TEXAS
DALLAS
3030 LBJ Freeway (c)................ 1984 367,018 91.9 6,799 1.37 20.16
3100 Monticello..................... 1984 173,837 94.6 2,746 0.55 16.70
IRVING
2300 Valley View.................... 1985 142,634 93.6 2,398 0.48 17.96
RICHARDSON
1122 Alma Road...................... 1977 82,576 100.0 607 0.12 7.35
HARRIS COUNTY, TEXAS
HOUSTON
5225 Katy Freeway................... 1983 112,213 97.0 1,560 0.31 14.33
5300 Memorial....................... 1982 155,099 78.3 2,361 0.48 19.44
1717 St. James Place................ 1975 109,574 93.6 1,467 0.30 14.30
1770 St. James Place................ 1973 103,689 70.6 1,208 0.24 16.50
10497 Town & Country Way............ 1981 148,434 81.5 1,766 0.36 14.60
TARRANT COUNTY, TEXAS
EULESS
150 West Parkway.................... 1984 74,429 98.1 1,073 0.22 14.70
- --------------------------------------------------------------------------------------------------------------------------
TOTAL TEXAS OFFICE 2,251,557 85.0 32,789 6.60 17.13
- --------------------------------------------------------------------------------------------------------------------------
MARICOPA COUNTY, ARIZONA
GLENDALE
5551 West Talavi Boulevard.......... 1991 181,596 100.0 1,730 0.35 9.53
PHOENIX
19640 North 31st Street............. 1990 124,171 100.0 1,615 0.33 13.01
SCOTTSDALE
9060 E. Via Linda Boulevard......... 1984 111,200 100.0 2,420 0.49 21.76
- --------------------------------------------------------------------------------------------------------------------------
TOTAL ARIZONA OFFICE 416,967 100.0 5,765 1.17 13.83
- --------------------------------------------------------------------------------------------------------------------------
ARAPAHOE COUNTY, COLORADO
AURORA
750 South Richfield Street.......... 1997 108,240 100.0 2,911 0.59 26.89
DENVER
400 South Colorado Boulevard........ 1983 125,415 98.6 2,267 0.46 18.33
ENGLEWOOD
9359 East Nichols Avenue............ 1997 72,610 100.0 903 0.18 12.44
5350 South Roslyn Street............ 1982 63,754 100.0 1,223 0.25 19.18
BOULDER COUNTY, COLORADO
BROOMFIELD
105 South Technology Court.......... 1997 37,574 100.0 553 0.11 14.72
303 South Technology Court-A........ 1997 34,454 100.0 401 0.08 11.64
303 South Technology Court-B........ 1997 40,416 100.0 470 0.09 11.63
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
54
<Page>
PROPERTY LISTING
----------------
OFFICE PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
LOUISVILLE
248 Centennial Parkway............... 1996 39,266 100.0 508 0.10 12.94
1172 Century Drive................... 1996 49,566 100.0 642 0.13 12.95
285 Century Place.................... 1997 69,145 100.0 1,087 0.22 15.72
DENVER COUNTY, COLORADO
DENVER
3600 South Yosemite.................. 1974 133,743 100.0 1,283 0.26 9.59
DOUGLAS COUNTY, COLORADO
ENGLEWOOD
8181 East Tufts Avenue (e)........... 2001 185,254 67.4 3,299 0.66 26.42
400 Inverness Drive.................. 1997 111,608 73.1 2,492 0.50 30.54
67 Inverness Drive East.............. 1996 54,280 69.2 608 0.12 16.19
384 Inverness Drive South............ 1985 51,523 92.7 792 0.16 16.58
5975 South Quebec Street............. 1996 102,877 49.1 2,185 0.44 43.26
PARKER
9777 Mount Pyramid Court............. 1995 120,281 100.0 1,323 0.27 11.00
EL PASO COUNTY, COLORADO
COLORADO SPRINGS
8415 Explorer........................ 1998 47,368 100.0 612 0.12 12.92
1975 Research Parkway................ 1997 115,250 100.0 1,787 0.36 15.51
2375 Telstar Drive................... 1998 47,369 100.0 611 0.12 12.90
JEFFERSON COUNTY, COLORADO
LAKEWOOD
141 Union Boulevard.................. 1985 63,600 100.0 1,175 0.24 18.47
- --------------------------------------------------------------------------------------------------------------------------
TOTAL COLORADO OFFICE 1,673,593 93.0(g) 27,132 5.46 17.44
- --------------------------------------------------------------------------------------------------------------------------
SAN FRANCISCO COUNTY, CALIFORNIA
SAN FRANCISCO
795 Folsom Street.................... 1977 183,445 100.0 7,160 1.44 39.03
760 Market Street.................... 1908 267,446 96.0 8,540 1.72 33.26
- --------------------------------------------------------------------------------------------------------------------------
TOTAL CALIFORNIA OFFICE 450,891 97.6 15,700 3.16 35.67
- --------------------------------------------------------------------------------------------------------------------------
HILLSBOROUGH COUNTY, FLORIDA
TAMPA
501 Kennedy Boulevard................ 1982 297,429 91.4 3,707 0.75 13.64
- --------------------------------------------------------------------------------------------------------------------------
TOTAL FLORIDA OFFICE 297,429 91.4 3,707 0.75 13.64
- --------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE PROPERTIES 21,987,580 94.7(g) 440,045 88.62 21.14
==========================================================================================================================
</Table>
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Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
55
<Page>
PROPERTY LISTING
----------------
OFFICE/FLEX PROPERTIES
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
BURLINGTON COUNTY, NEW JERSEY
BURLINGTON
3 Terri Lane......................... 1991 64,500 52.4 324 0.07 9.59
5 Terri Lane......................... 1992 74,555 82.2 514 0.10 8.39
MOORESTOWN
2 Commerce Drive..................... 1986 49,000 100.0 363 0.07 7.41
101 Commerce Drive................... 1988 64,700 100.0 336 0.07 5.19
102 Commerce Drive................... 1987 38,400 87.5 185 0.04 5.51
201 Commerce Drive................... 1986 38,400 100.0 202 0.04 5.26
202 Commerce Drive................... 1988 51,200 100.0 268 0.05 5.23
1 Executive Drive.................... 1989 20,570 100.0 206 0.04 10.01
2 Executive Drive ................... 1988 60,800 75.5 407 0.08 8.87
101 Executive Drive.................. 1990 29,355 100.0 222 0.04 7.56
102 Executive Drive.................. 1990 64,000 90.0 333 0.07 5.78
225 Executive Drive.................. 1990 50,600 100.0 311 0.06 6.15
97 Foster Road....................... 1982 43,200 100.0 188 0.04 4.35
1507 Lancer Drive.................... 1995 32,700 100.0 139 0.03 4.25
1510 Lancer Drive.................... 1998 88,000 100.0 370 0.07 4.20
1245 North Church Street (e)......... 1998 52,810 100.0 377 0.08 7.13
1247 North Church Street (e)......... 1998 52,790 100.0 461 0.09 8.73
1256 North Church Street............. 1984 63,495 100.0 197 0.04 3.10
840 North Lenola Road................ 1995 38,300 82.6 234 0.05 7.40
844 North Lenola Road................ 1995 28,670 100.0 216 0.04 7.53
915 North Lenola Road................ 1998 52,488 100.0 282 0.06 5.37
2 Twosome Drive (e) ................. 2000 48,600 100.0 390 0.08 8.02
30 Twosome Drive..................... 1997 39,675 100.0 225 0.05 5.67
31 Twosome Drive (e)................. 1998 84,200 100.0 440 0.09 5.23
40 Twosome Drive..................... 1996 40,265 93.4 242 0.05 6.43
41 Twosome Drive (e)................. 1998 43,050 89.2 314 0.06 8.17
50 Twosome Drive..................... 1997 34,075 100.0 258 0.05 7.57
WEST DEPTFORD
1451 Metropolitan Drive.............. 1996 21,600 100.0 148 0.03 6.85
MERCER COUNTY, NEW JERSEY
HAMILTON TOWNSHIP
100 Horizon Drive.................... 1989 13,275 100.0 190 0.04 14.31
200 Horizon Drive.................... 1991 45,770 100.0 515 0.10 11.25
300 Horizon Drive.................... 1989 69,780 100.0 1,050 0.21 15.05
500 Horizon Drive.................... 1990 41,205 100.0 290 0.06 7.04
MONMOUTH COUNTY, NEW JERSEY
WALL TOWNSHIP
1325 Campus Parkway.................. 1988 35,000 100.0 472 0.10 13.49
1340 Campus Parkway.................. 1992 72,502 100.0 846 0.17 11.67
1345 Campus Parkway.................. 1995 76,300 100.0 732 0.15 9.59
1433 Highway 34...................... 1985 69,020 91.0 713 0.14 11.35
1320 Wyckoff Avenue.................. 1986 20,336 100.0 176 0.04 8.65
1324 Wyckoff Avenue.................. 1987 21,168 100.0 207 0.04 9.78
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
56
<Page>
PROPERTY LISTING
----------------
OFFICE/FLEX PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
PASSAIC COUNTY, NEW JERSEY
TOTOWA
1 Center Court....................... 1999 38,961 100.0 279 0.06 7.16
2 Center Court....................... 1998 30,600 99.3 346 0.07 11.39
11 Commerce Way...................... 1989 47,025 100.0 520 0.10 11.06
20 Commerce Way...................... 1992 42,540 75.9 401 0.08 12.42
29 Commerce Way...................... 1990 48,930 100.0 347 0.07 7.09
40 Commerce Way...................... 1987 50,576 100.0 497 0.10 9.83
45 Commerce Way...................... 1992 51,207 100.0 506 0.10 9.88
60 Commerce Way...................... 1988 50,333 71.3 508 0.10 14.16
80 Commerce Way...................... 1996 22,500 100.0 282 0.06 12.53
100 Commerce Way..................... 1996 24,600 100.0 309 0.06 12.56
120 Commerce Way..................... 1994 9,024 100.0 87 0.02 9.64
140 Commerce Way..................... 1994 26,881 99.5 259 0.05 9.68
- --------------------------------------------------------------------------------------------------------------------------
TOTAL NEW JERSEY OFFICE/FLEX 2,277,531 94.9 17,684 3.56 8.18
- --------------------------------------------------------------------------------------------------------------------------
WESTCHESTER COUNTY, NEW YORK
ELMSFORD
11 Clearbrook Road................... 1974 31,800 100.0 365 0.07 11.48
75 Clearbrook Road................... 1990 32,720 100.0 816 0.16 24.94
150 Clearbrook Road.................. 1975 74,900 100.0 1,066 0.21 14.23
175 Clearbrook Road.................. 1973 98,900 98.5 1,483 0.30 15.22
200 Clearbrook Road.................. 1974 94,000 99.8 1,207 0.24 12.87
250 Clearbrook Road.................. 1973 155,000 94.5 1,333 0.27 9.10
50 Executive Boulevard............... 1969 45,200 75.8 296 0.06 8.64
77 Executive Boulevard............... 1977 13,000 55.4 132 0.03 18.33
85 Executive Boulevard............... 1968 31,000 99.4 419 0.08 13.60
300 Executive Boulevard.............. 1970 60,000 99.7 625 0.13 10.45
350 Executive Boulevard.............. 1970 15,400 98.8 260 0.05 17.09
399 Executive Boulevard.............. 1962 80,000 100.0 966 0.19 12.08
400 Executive Boulevard.............. 1970 42,200 100.0 654 0.13 15.50
500 Executive Boulevard.............. 1970 41,600 100.0 637 0.13 15.31
525 Executive Boulevard.............. 1972 61,700 100.0 903 0.18 14.64
1 Westchester Plaza.................. 1967 25,000 100.0 308 0.06 12.32
2 Westchester Plaza.................. 1968 25,000 100.0 450 0.09 18.00
3 Westchester Plaza.................. 1969 93,500 100.0 1,298 0.26 13.88
4 Westchester Plaza.................. 1969 44,700 99.8 628 0.13 14.08
5 Westchester Plaza.................. 1969 20,000 100.0 275 0.06 13.75
6 Westchester Plaza.................. 1968 20,000 100.0 308 0.06 15.40
7 Westchester Plaza.................. 1972 46,200 100.0 651 0.13 14.09
8 Westchester Plaza.................. 1971 67,200 99.6 868 0.17 12.97
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
57
<Page>
PROPERTY LISTING
----------------
OFFICE/FLEX PROPERTIES
(CONTINUED)
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- -------------------------------------------------------------------------------------------------------------------------
HAWTHORNE
200 Saw Mill River Road.............. 1965 51,100 94.7 650 0.13 13.43
4 Skyline Drive...................... 1987 80,600 100.0 1,341 0.27 16.64
5 Skyline Drive (e).................. 1980 124,022 100.0 1,624 0.33 13.09
6 Skyline Drive (e).................. 1980 44,155 100.0 692 0.14 15.68
8 Skyline Drive...................... 1985 50,000 98.9 900 0.18 18.20
10 Skyline Drive..................... 1985 20,000 100.0 285 0.06 14.25
11 Skyline Drive..................... 1989 45,000 100.0 716 0.14 15.91
12 Skyline Drive..................... 1999 46,850 100.0 806 0.16 17.20
15 Skyline Drive..................... 1989 55,000 100.0 927 0.19 16.85
YONKERS
100 Corporate Boulevard.............. 1987 78,000 98.2 1,405 0.28 18.34
200 Corporate Boulevard South........ 1990 84,000 99.8 1,378 0.28 16.44
4 Executive Plaza.................... 1986 80,000 99.0 908 0.18 11.46
6 Executive Plaza.................... 1987 80,000 100.0 1,176 0.24 14.70
1 Odell Plaza........................ 1980 106,000 87.7 1,222 0.25 13.15
5 Odell Plaza........................ 1983 38,400 99.6 584 0.12 15.27
7 Odell Plaza........................ 1984 42,600 99.6 659 0.13 15.53
- -------------------------------------------------------------------------------------------------------------------------
TOTAL NEW YORK OFFICE/FLEX 2,244,747 97.9 31,221 6.27 14.20
- -------------------------------------------------------------------------------------------------------------------------
FAIRFIELD COUNTY, CONNECTICUT
STAMFORD
419 West Avenue...................... 1986 88,000 99.7 1,366 0.28 15.57
500 West Avenue...................... 1988 25,000 74.9 395 0.08 21.09
550 West Avenue...................... 1990 54,000 100.0 785 0.16 14.54
600 West Avenue...................... 1999 66,000 100.0 826 0.17 12.52
650 West Avenue...................... 1998 40,000 100.0 555 0.11 13.88
- -------------------------------------------------------------------------------------------------------------------------
TOTAL CONNECTICUT OFFICE/FLEX 273,000 97.6 3,927 0.80 14.74
- -------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE/FLEX PROPERTIES 4,795,278 96.5 52,832 10.63 11.42
=========================================================================================================================
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
58
<Page>
PROPERTY LISTING
----------------
INDUSTRIAL/WAREHOUSE PROPERTIES
<Table>
<Caption>
PERCENTAGE
OF TOTAL 2001
PERCENTAGE OFFICE, 2001
NET LEASED 2001 OFFICE/FLEX AVERAGE
RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT
PROPERTY YEAR AREA 9/30/01 RENT WAREHOUSE PER SQ. FT.
LOCATION BUILT (SQ. FT.) (%)(a) ($000)(b)(c) BASE RENT (%) ($)(c)(d)
- --------------------------------------------------------------------------------------------------------------------------
WESTCHESTER COUNTY, NEW YORK
ELMSFORD
1 Warehouse Lane....................... 1957 6,600 100.0 67 0.01 10.15
2 Warehouse Lane....................... 1957 10,900 96.3 137 0.03 13.05
3 Warehouse Lane....................... 1957 77,200 100.0 290 0.06 3.76
4 Warehouse Lane....................... 1957 195,500 97.4 1,939 0.39 10.18
5 Warehouse Lane....................... 1957 75,100 97.1 771 0.16 10.57
6 Warehouse Lane....................... 1982 22,100 100.0 511 0.10 23.12
- --------------------------------------------------------------------------------------------------------------------------
TOTAL INDUSTRIAL/WAREHOUSE PROPERTIES 387,400 98.0 3,715 0.75 9.78
- --------------------------------------------------------------------------------------------------------------------------
TOTAL OFFICE, OFFICE/FLEX,
AND INDUSTRIAL/WAREHOUSE
PROPERTIES 27,170,258 95.1 496,592 100.0 19.23
==========================================================================================================================
</Table>
(a) Based on all leases in effect as of September 30, 2001.
(b) Total base rent for 12 months ended September 30, 2001, determined in
accordance with GAAP. Substantially all of the leases provide for
annual base rents plus recoveries and escalation charges based upon the
tenant's proportionate share of and/or increases in real estate taxes
and certain operating costs, as defined, and the pass through of
charges for electrical usage.
(c) Excludes space leased by the Company.
(d) Base rent for the 12 months ended September 30, 2001 divided by net
rentable square feet leased at September 30, 2001. For those properties
acquired or placed in service during the 12 months ended September 30,
2001, amounts are annualized.
(e) As this property was acquired or placed in service by the Company
during the 12 months ended September 30, 2001, the amounts represented
for base rent are annualized. These annualized amounts may not be
indicative of the property's results had the Company owned or placed
such property in service for the entire 12 months ended September 30,
2001.
(f) Calculation based on square feet in service as of September 30, 2001.
(g) Weighted average percent leased excludes in-service development
properties in lease-up.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
59
<Page>
SIGNIFICANT TENANTS
-------------------
The following table sets forth a schedule of the Company's 20 largest tenants
for the Consolidated Properties as of September 30, 2001, based upon annualized
base rents:
<Table>
<Caption>
PERCENTAGE OF
ANNUALIZED COMPANY SQUARE PERCENTAGE YEAR OF
NUMBER OF BASE RENTAL ANNUALIZED BASE FEET TOTAL COMPANY LEASE
PROPERTIES REVENUE ($)(a) RENTAL REVENUE (%) LEASED LEASED SQ. FT.(%) EXPIRATION
- ------------------------------------------------------------------------------------------------------------------------------------
AT&T Wireless Services 2 9,819,455 2.0 395,955 1.6 2007(b)
Donaldson, Lufkin & Jenrette
Securities Corp. 1 8,316,096 1.7 271,953 1.1 2011
AT&T Corporation 2 7,268,746 1.5 450,278 1.8 2009(c)
Keystone Mercy Health Plan 2 6,911,796 1.4 303,149 1.2 2015
Prentice-Hall Inc. 1 6,744,495 1.4 474,801 1.9 2014
IBM Corporation 3 6,390,275 1.3 361,688 1.4 2007(d)
Nabisco Inc. 3 6,066,357 1.2 340,746 1.3 2006(e)
Toys `R' Us - NJ, Inc. 1 5,342,672 1.1 242,518 1.0 2012
Waterhouse Securities, Inc. 1 5,314,805 1.1 184,222 0.7 2015
American Institute of Certified
Public Accountants 1 4,981,357 1.0 249,768 1.0 2012
CMP Media Inc. 1 4,817,298 1.0 237,274 0.9 2014
Allstate Insurance Company 9 4,786,712 1.0 224,321 0.9 2009(f)
Prudential Insurance Co. 4 4,652,890 0.9 183,653 0.7 2005(g)
Winston & Strawn 1 4,390,930 0.9 108,100 0.4 2003
Dean Witter Trust Company 1 4,319,507 0.9 221,019 0.9 2008
KPMG Peat Marwick, LLP 2 3,824,080 0.8 161,760 0.6 2007(h)
Move.com Operations, Inc. 1 3,796,680 0.8 94,917 0.4 2006
Regus Business Centre Corp. 3 3,671,129 0.8 107,608 0.4 2011(i)
Bank of Tokyo - Mitsubishi Ltd. 1 3,378,924 0.7 137,076 0.6 2009
BT Harborside 1 3,272,500 0.7 385,000 1.5 2003
- ------------------------------------------------------------------------------------------------------------------------------------
Totals 108,066,704 22.2 5,135,806 20.3
====================================================================================================================================
</Table>
(a) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rental revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, historical results may differ from those set
forth above.
(b) 12,150 square feet expire September 2004; 345,799 square feet expire
March 2007; 38,006 square feet expire June 2007.
(c) 63,278 square feet expire May 2004; 387,000 square feet expire January
2009.
(d) 28,289 square feet expire January 2002; 85,000 square feet expire
December 2005; 248,399 square feet expire December 2007.
(e) 300,378 square feet expire December 2005; 40,368 square feet expire
March 2006.
(f) 18,882 square feet expire April 2003; 4,398 square feet expire January
2004; 36,305 square feet expire January 2005; 23,024 square feet expire
October 2005; 22,444 square feet expire July 2006; 6,108 square feet
expire August 2006; 70,517 square feet expire June 2007; 31,143 square
feet expire April 2008; 11,500 square feet expire April 2009.
(g) 24,867 square feet expire October 2001; 55,219 square feet expire July
2002; 25,520 square feet expire September 2002; 11,451 square feet
expire November 2002; 66,596 square feet expire May 2005.
(h) 104,556 square feet expire September 2002; 57,204 square feet expire
July 2007.
(i) 27,803 square feet expire January 2011; 38,930 square feet expire April
2011; 40,875 square feet expire June 2011.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
60
<Page>
SCHEDULE OF LEASE EXPIRATIONS
-----------------------------
ALL CONSOLIDATED PROPERTIES
The following table sets forth a schedule of the lease expirations for the total
of the Company's office, office/flex, industrial/warehouse and stand-alone
retail properties, included in the Consolidated Properties, beginning October 1,
2001, assuming that none of the tenants exercise renewal options:
<Table>
<Caption>
AVERAGE ANNUAL
PERCENTAGE OF RENT PER NET
NET RENTABLE TOTAL LEASED ANNUALIZED RENTABLE PERCENTAGE OF
AREA SUBJECT SQUARE FEET BASE RENTAL SQUARE FOOT ANNUAL BASE
NUMBER OF TO EXPIRING REPRESENTED BY REVENUE UNDER REPRESENTED RENT UNDER
YEAR OF LEASES LEASES EXPIRING EXPIRING BY EXPIRING EXPIRING
EXPIRATION EXPIRING (a) (SQ. FT.) LEASES (%) (b) LEASES ($)(c) LEASES (%) LEASES (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2001 113 570,016 2.3 9,447,279 16.57 2.0
2002 493 2,750,094 10.9 48,948,371 17.80 10.1
2003 495 3,882,385 15.4 69,139,812 17.81 14.2
2004 396 2,284,500 9.0 43,376,665 18.99 8.9
2005 359 3,078,030 12.2 58,607,380 19.04 12.1
2006 326 2,857,436 11.3 57,922,094 20.27 11.9
2007 124 1,981,799 7.8 41,907,865 21.15 8.6
2008 88 1,404,892 5.6 24,715,599 17.59 5.1
2009 52 1,302,605 5.1 24,168,972 18.55 5.0
2010 85 1,222,609 4.8 23,850,268 19.51 4.9
2011 56 1,313,208 5.2 32,269,677 24.57 6.6
2012 and thereafter 52 2,629,670 10.4 51,694,088 19.66 10.6
- ------------------------------------------------------------------------------------------------------------------------------------
Totals/Weighted
Average 2,639 25,277,244(d) 100.0 486,048,070 19.23 100.0
====================================================================================================================================
</Table>
(a) Includes office, office/flex, industrial/warehouse and stand-alone
retail property tenants only. Excludes leases for amenity, retail,
parking and month-to-month tenants. Some tenants have multiple leases.
(b) Excludes all unleased space as of September 30, 2001.
(c) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rental revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, historical results may differ from those set
forth above.
(d) Reconciliation to Company's total net rentable square footage is as
follows:
<Table>
<Caption>
SQUARE FEET
Square footage leased to commercial tenants 25,277,244
Square footage used for corporate offices, management offices,
building use, retail tenants, food services, other ancillary
service tenants and occupancy adjustments 429,692
Square footage unleased 1,480,622
----------
Total net rentable square footage (does not include
residential, land lease, retail or not-in-service properties) 27,187,558
==========
</Table>
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
61
<Page>
SCHEDULE OF LEASE EXPIRATIONS
-----------------------------
OFFICE PROPERTIES
The following table sets forth a schedule of the lease expirations for the
office properties beginning October 1, 2001, assuming that none of the tenants
exercise renewal options:
<Table>
<Caption>
AVERAGE ANNUAL
PERCENTAGE OF RENT PER NET
NET RENTABLE TOTAL LEASED ANNUALIZED RENTABLE PERCENTAGE OF
AREA SUBJECT SQUARE FEET BASE RENTAL SQUARE FOOT ANNUAL BASE
NUMBER OF TO EXPIRING REPRESENTED BY REVENUE UNDER REPRESENTED RENT UNDER
YEAR OF LEASES LEASES EXPIRING EXPIRING BY EXPIRING EXPIRING
EXPIRATION EXPIRING (a) (SQ. FT.) LEASES (%) (b) LEASES ($)(c) LEASES (%) LEASES (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2001 91 398,730 2.0 7,887,419 19.78 1.8
2002 386 1,953,196 9.6 40,784,974 20.88 9.5
2003 404 3,115,920 15.4 61,642,749 19.78 14.4
2004 324 1,621,574 8.0 35,867,626 22.12 8.4
2005 286 2,438,655 12.0 51,188,391 20.99 12.0
2006 274 2,315,528 11.4 50,709,564 21.90 11.9
2007 110 1,715,242 8.5 38,441,258 22.41 9.0
2008 74 1,109,754 5.5 21,960,901 19.79 5.1
2009 33 1,106,934 5.5 21,594,131 19.51 5.0
2010 56 840,313 4.2 17,965,805 21.38 4.2
2011 51 1,242,117 6.1 31,303,331 25.20 7.3
2012 and thereafter 45 2,399,717 11.8 48,825,717 20.35 11.4
- ------------------------------------------------------------------------------------------------------------------------------------
Totals/Weighted
Average 2,134 20,257,680 100.0 428,171,866 21.14 100.0
====================================================================================================================================
</Table>
(a) Includes office tenants only. Excludes leases for amenity, retail,
parking and month-to-month office tenants. Some tenants have multiple
leases.
(b) Excludes all unleased space as of September 30, 2001.
(c) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rental revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, historical results may differ from those set
forth above.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
62
<Page>
SCHEDULE OF LEASE EXPIRATIONS
-----------------------------
OFFICE/FLEX PROPERTIES
The following table sets forth a schedule of the lease expirations for the
office/flex properties beginning October 1, 2001, assuming that none of the
tenants exercise renewal options:
<Table>
<Caption>
AVERAGE ANNUAL
PERCENTAGE OF RENT PER NET
NET RENTABLE TOTAL LEASED ANNUALIZED RENTABLE PERCENTAGE OF
AREA SUBJECT SQUARE FEET BASE RENTAL SQUARE FOOT ANNUAL BASE
NUMBER OF TO EXPIRING REPRESENTED BY REVENUE UNDER REPRESENTED RENT UNDER
YEAR OF LEASES LEASES EXPIRING EXPIRING BY EXPIRING EXPIRING
EXPIRATION EXPIRING (a) (SQ. FT.) LEASES (%) (b) LEASES ($)(c) LEASES ($) LEASES (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2001 20 170,401 3.7 1,550,840 9.10 2.9
2002 102 741,011 16.0 7,555,927 10.20 14.1
2003 87 668,491 14.5 6,988,325 10.45 13.0
2004 62 453,506 9.8 5,013,539 11.06 9.3
2005 70 626,221 13.5 7,237,113 11.56 13.5
2006 52 541,908 11.7 7,212,530 13.31 13.4
2007 14 266,557 5.8 3,466,607 13.01 6.5
2008 14 295,138 6.4 2,754,698 9.33 5.1
2009 18 183,871 4.0 2,468,641 13.43 4.6
2010 29 382,296 8.3 5,884,463 15.39 11.0
2011 5 71,091 1.5 966,346 13.59 1.8
2012 and thereafter 6 221,953 4.8 2,603,371 11.73 4.8
- ------------------------------------------------------------------------------------------------------------------------------------
Totals/Weighted
Average 479 4,622,444 100.0 53,702,400 11.62 100.0
====================================================================================================================================
</Table>
(a) Includes office/flex tenants only. Excludes leases for amenity, retail,
parking and month-to-month office/flex tenants. Some tenants have
multiple leases.
(b) Excludes all unleased space as of September 30, 2001.
(c) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rental revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, historical results may differ from those set
forth above.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
63
<Page>
SCHEDULE OF LEASE EXPIRATIONS
-----------------------------
INDUSTRIAL/WAREHOUSE PROPERTIES
The following table sets forth a schedule of the lease expirations for the
industrial/warehouse properties beginning October 1, 2001, assuming that none of
the tenants exercise renewal options:
<Table>
<Caption>
AVERAGE ANNUAL
PERCENTAGE OF RENT PER NET
NET RENTABLE TOTAL LEASED ANNUALIZED RENTABLE PERCENTAGE OF
AREA SUBJECT SQUARE FEET BASE RENTAL SQUARE FOOT ANNUAL BASE
NUMBER OF TO EXPIRING REPRESENTED BY REVENUE UNDER REPRESENTED RENT UNDER
YEAR OF LEASES LEASES EXPIRING EXPIRING BY EXPIRING EXPIRING
EXPIRATION EXPIRING (a) (SQ. FT.) LEASES (%) (b) LEASES ($)(c) LEASES ($) LEASES (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2001 2 885 0.2 9,020 10.19 0.2
2002 5 55,887 14.7 607,470 10.87 16.4
2003 4 97,974 25.8 508,738 5.19 13.7
2004 9 200,120 52.7 2,300,500 11.50 61.9
2005 3 13,154 3.5 181,876 13.83 4.9
2009 1 11,800 3.1 106,200 9.00 2.9
- ------------------------------------------------------------------------------------------------------------------------------------
Totals/Weighted
Average 24 379,820 100.0 3,713,804 9.78 100.0
====================================================================================================================================
</Table>
(a) Includes industrial/warehouse tenants only. Excludes leases for
amenity, retail, parking and month-to-month industrial/warehouse
tenants. Some tenants have multiple leases.
(b) Excludes all unleased space as of September 30, 2001.
(c) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rent revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, the historical results may differ from those
set forth above.
STAND-ALONE RETAIL PROPERTIES
The following table sets forth a schedule of the lease expirations for the
stand-alone retail properties beginning October 1, 2001, assuming that none of
the tenants exercise renewal options:
<Table>
<Caption>
AVERAGE ANNUAL
PERCENTAGE OF RENT PER NET
NET RENTABLE TOTAL LEASED ANNUALIZED RENTABLE PERCENTAGE OF
AREA SUBJECT SQUARE FEET BASE RENTAL SQUARE FOOT ANNUAL BASE
NUMBER OF TO EXPIRING REPRESENTED BY REVENUE UNDER REPRESENTED RENT UNDER
YEAR OF LEASES LEASES EXPIRING EXPIRING BY EXPIRING EXPIRING
EXPIRATION EXPIRING (a) (SQ. FT.) LEASES (%) (b) LEASES ($)(c) LEASES ($) LEASES (%)
- ------------------------------------------------------------------------------------------------------------------------------------
2004 1 9,300 53.8 195,000 20.97 42.4
2012 1 8,000 46.2 265,000 33.12 57.6
- ------------------------------------------------------------------------------------------------------------------------------------
Totals/Weighted
Average 2 17,300 100.0 460,000 26.59 100.0
====================================================================================================================================
</Table>
(a) Includes stand-alone retail property tenants only.
(b) Annualized base rental revenue is based on actual September 2001
billings times 12. For leases whose rent commences after October 1,
2001, annualized base rental revenue is based on the first full month's
billing times 12. As annualized base rental revenue is not derived from
historical GAAP results, historical results may differ from those set
forth above.
- --------------------------------------------------------------------------------
Mack-Cali Realty Corporation
Supplemental Operating and Financial Data for the Quarter Ended
September 30, 2001
64