EXHIBIT 99.1 [MACK-CALI LOGO] MACK-CALI REALTY CORPORATION FIRST QUARTER 2002 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. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 INDEX 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/Development........................................10 o Leasing Information...............................................11 o Key Financial Data................................................12 o Same-Store Results and Analysis...................................13 o Unconsolidated Joint Ventures Summary..........................14-16 o Select Financial Ratios...........................................17 o Debt Analysis: o Debt Breakdown/Future Repayments..............................18 o Debt Maturities...............................................19 o Debt Detail...................................................20 III. FINANCIAL STATEMENTS o Consolidated Statements of Operations.............................22 o Consolidated Balance Sheets.......................................23 o Consolidated Statement of Changes in Stockholders' Equity.........24 o Statements of Funds from Operations and Cash Available for Distribution....................................................25 o Reconciliation of Basic-to-Diluted Shares/Units...................26 IV. VALUE CREATION PIPELINE o Operating Property Acquisitions ..................................28 o Properties Placed in Service......................................29 o Summary of Construction Projects/Summary of Development Properties in Lease-Up..........................................30 o Summary of Land Parcels...........................................31 o Rental Property Sales.............................................32 V. PORTFOLIO/ LEASING STATISTICS o Leasing Statistics.............................................34-36 o Market Diversification (MSA's)....................................37 o Industry Diversification (Top 30 Tenant Industries)...............38 o Consolidated Portfolio Analyses: BREAKDOWN BY: (a) Number of Properties.......................................39 (b) Square Footage.............................................40 (c) Base Rental Revenue........................................41 (d) Percentage Leased..........................................42 o Consolidated Property Listing (by Property Type)...............43-53 o Significant Tenants (Top 20 Tenants)..............................54 o Schedules of Lease Expirations (by Property Type)..............55-58 - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 2 DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS Certain information discussed in this literature may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws, including Section 21E of the Securities Exchange Act of 1934. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements relate to, without limitation, the Company's future economic performance, plans and objectives for future operations and projections of revenue and other financial items. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue" or comparable terminology. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the risks, trends and uncertainties are changes in the general economic conditions, including those affecting industries in which the Company's principal tenants compete; any failure of the general economy to recover timely from the current economic downturn; the extent of any tenant bankruptcies; the Company's ability to lease or re-lease space at current or anticipated rents; changes in the supply of and demand for office, office/flex and industrial/warehouse properties; changes in interest rate levels; changes in operating costs; the Company's ability to obtain adequate insurance, including coverage for terrorist acts; 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 3 I. COMPANY BACKGROUND - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 4 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 $4.2 billion at March 31, 2002. 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 267 properties, primarily class A office and office/flex buildings, totaling approximately 28.6 million square feet, serving as home to approximately 2,300 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 8.9 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 MARCH 31, 2002) Corporate Headquarters Cranford, New Jersey Fiscal Year-End 12/31 Total Properties 267 Total Square Feet 28.6 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 71.5 million Dividend-- Quarter/Annualized $0.62/$2.48 Dividend Yield 7.2% Total Market Capitalization $4.2 billion Insider Ownership 17.5% Senior Debt Rating BBB (S&P and Fitch); Baa3 (Moody's) - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 5 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 - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 6 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 - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 7 II. FINANCIAL HIGHLIGHTS - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 8 II. FINANCIAL HIGHLIGHTS QUARTERLY SUMMARY Funds from operations (FFO), after adjustment for straight-lining of rents, for the quarter ended March 31, 2002 amounted to $65.9 million, or $0.92 per share, versus $63.7 million, or $0.89 per share, for the quarter ended March 31, 2001, a per share increase of 3.4 percent. Cash available for distribution (CAD) for the first quarter 2002 equaled $57.0 million, or $0.80 per share, versus $55.5 million, or $0.78 per share, for the same quarter last year, a per share increase of 2.6 percent. Total revenues for the first quarter 2002 decreased $4.7 million to $141.8 million from $146.5 million for the same quarter last year, a 3.2 percent decrease. Net income for the first quarter 2002 equaled $40.6 million, or $0.70 per share, versus $16.7 million, or $0.29 per share, for the same quarter last year, a per share increase of 141.4 percent. All per share amounts presented are on a diluted basis; basic per share information is included in the accompanying financial tables. The Company had 57,197,440 shares of common stock, 7,951,775 common operating partnership units and 220,340 $1,000-face-value preferred operating partnership units outstanding as of 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 71,508,234 shares/common units outstanding at March 31, 2002. As of March 31, 2002, the Company had total indebtedness of approximately $1.7 billion, with a weighted average annual interest rate of 7.1 percent. Mack-Cali had a total market capitalization of $4.2 billion and a debt-to-undepreciated assets ratio of 41.7 percent at March 31, 2002. The Company had an interest coverage ratio of 3.6 times for the quarter ended March 31, 2002. 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. The following is a summary of the Company's recent activity: - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 9 PROPERTY SALES In January, the Company sold 25 Martine Avenue, a 124-unit multi-family, residential property located in White Plains, New York, for approximately $18.1 million. The property was Mack-Cali's remaining multi-family, residential asset. 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 58 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 - - 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. In addition, in the first quarter, the Company started development on a 95,000 square-foot build-to-suit office property at its Horizon Center Business Park in Hamilton Township, New Jersey. The project, which has been fully pre-leased to Verizon New Jersey, Inc. for 10 years, is expected to be completed by the end of 2002. In April, the Company completed construction and placed in service 125 Clearbrook Road in Elmsford, New York. The 33,000 square-foot office/flex building is fully leased. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 10 LEASING INFORMATION Mack-Cali's consolidated in-service portfolio was 93.9 percent leased at March 31, 2002, compared to 94.6 percent at December 31, 2001. For the quarter ended March 31, 2002, the Company executed 182 leases totaling 1,217,608 square feet, consisting of 833,142 square feet of office space, 354,638 square feet of office/flex space and 29,828 square feet of industrial/warehouse space. Of these totals, 214,908 square feet were for new leases and 1,002,700 square feet were for lease renewals and other tenant retention transactions. Highlights of the quarter's leasing transactions include: - - Public Service Electric and Gas renewed its lease of 46,191 square feet for five years at 20 Commerce Drive in Cranford, New Jersey. The 176,600 square-foot class A office building is 100 percent leased. - - McDonald's Corporation signed a new 10-year lease for 30,713 square feet at 105 Eisenhower Parkway in Roseland, New Jersey. The 220,000 square-foot class A office property is 64.8 percent leased. - - FujiFilm Medical Systems USA, Inc. signed a six-year renewal/expansion for its headquarters at 419 West Avenue in Stamford, Connecticut. With the expansion, FujiFilm now leases 100 percent of the 88,000 square-foot office/flex building. - - EM Industries, Inc., an affiliate of Merck KGaA, renewed its lease of 33,325 square feet at 7 Skyline Drive in Hawthorne, New York for six years. The 109,000 square-foot class A office building is 92.5 percent leased. - - Turner Investment Partners renewed its existing 12,270 square-foot lease and expanded by 27,374 square feet for eight years, consolidating its headquarters at 1205 Westlakes Drive in Berwyn, Pennsylvania. The 130,265 square-foot office property is 93.5 percent leased. More recently, Garban Intercapital North America signed a 15-year lease expansion for 24,750 square feet at Plaza 5, one of the projects in development at the Company's Harborside Financial Center in Jersey City, New Jersey. With the expansion, Garban has leased a total of 136,201 square feet at Plaza 5, which is currently 57.8 percent leased. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 11 KEY FINANCIAL DATA

AS OF OR FOR THE THREE MONTHS ENDED ==================================================================================================================== 3/31/02 12/31/01 9/30/01 6/30/01 3/31/01 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- SHARES AND UNITS: Common Shares Outstanding 57,197,440 56,712,270 56,333,692 56,299,124 56,961,704 Common Units Outstanding (a) 14,310,794 14,313,794 14,314,544 14,315,544 14,316,544 Combined Shares and Units 71,508,234 71,026,064 70,648,236 70,614,668 71,278,248 Weighted Average- Basic (b) 64,751,603 64,658,363 64,084,201 64,475,902 64,767,293 Weighted Average- Diluted (c) 71,461,464 71,383,413 70,761,541 71,043,756 71,353,163 COMMON SHARE PRICE ($'S): At the end of the period 34.6800 31.0200 31.0000 28.4800 27.0000 High during period 34.9500 32.2000 32.0000 28.7000 28.5000 Low during period 29.9000 28.3800 27.3000 25.7900 25.4900 MARKET CAPITALIZATION: ($'S IN THOUSANDS, EXCEPT RATIOS) Market Value of Equity (d) 2,479,906 2,203,229 2,190,095 2,011,106 1,924,513 Total Debt 1,720,864 1,700,150 1,714,418 1,720,800 1,662,184 Total Market Capitalization 4,200,770 3,903,379 3,904,513 3,731,906 3,586,697 Total Debt/ Total Market Capitalization 40.97% 43.56% 43.91% 46.11% 46.34% FINANCIALS: ($'S IN THOUSANDS, EXCEPT RATIOS AND PER SHARE AMOUNTS) Total Assets 3,768,371 3,746,770 3,728,839 3,759,919 3,681,059 Gross Book Value of Real Estate Assets 3,811,356 3,791,076 3,736,121 3,781,334 3,711,631 Total Liabilities 1,870,515 1,867,938 1,854,441 1,873,998 1,803,524 Total Minority Interests 446,920 446,244 446,532 448,088 444,848 Total Stockholders' Equity 1,450,936 1,432,588 1,427,866 1,437,833 1,432,687 Total Revenues 141,824 143,512 145,912 148,418 146,506 Capitalized Interest 5,454 4,728 4,680 3,965 3,350 Scheduled Principal Payments 786 767 786 769 756 Interest Coverage Ratio 3.56 3.49 3.38 3.46 3.38 Fixed Charge Coverage Ratio 2.56 2.59 2.55 2.65 2.63 Funds from Operations (e) 65,882 66,274 64,328 66,172 63,723 FFO per Share--diluted (e) 0.92 0.93 0.91 0.93 0.89 Cash Available for Distribution (f) 56,998 49,424 53,491 56,312 55,485 CAD per Share--diluted (f) 0.80 0.69 0.76 0.79 0.78 Dividends Declared per Share 0.62 0.62 0.62 0.61 0.61 FFO Payout Ratio--diluted (e) 67.25% 66.78% 68.20% 65.49% 68.30% CAD Payout Ratio--diluted (f) 77.73% 89.55% 82.02% 76.96% 78.45% PORTFOLIO SIZE: Properties 267 267 269 269 268 Total Square Footage 28,640,016 28,371,640 28,732,553 28,528,468 28,644,723 Sq. Ft. Leased at End of Period (g) 93.9% 94.6% 95.1% 96.3% 96.4% ====================================================================================================================

(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. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 12 SAME STORE RESULTS AND ANALYSIS (DOLLARS IN THOUSANDS)

==================================================================================================================== FOR THE THREE MONTHS ENDED MARCH 31, % 2002 2001 CHANGE CHANGE - -------------------------------------------------------------------------------------------------------------------- Property Revenues $131,748 $131,523 $225 0.2 Less: Straight-line rent adjustment 2,492 3,479 (987) (28.4) ---------------- ------------------ ------------- ---------------- Total Property Revenues 129,256 128,044 1,212 0.9 (excluding straight-line rent adjustment) Real Estate Taxes 14,266 13,892 374 2.7 Utilities 9,468 10,792 (1,324) (12.3) Operating Services 14,398 15,848 (1,450) (9.1) ---------------- ------------------ ------------- ---------------- Total Property Expenses: 38,132 40,532 (2,400) (5.9) Net Operating Income $91,124 $87,512 $3,612 4.1 ================ ================== ============= ================ Percentage Leased at Period End 94.3% 96.5% ================ ================== Total Properties: 244 Total Square Footage: 25,305,318 ====================================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 13 UNCONSOLIDATED JOINT VENTURES SUMMARY (DOLLARS IN THOUSANDS) BREAKDOWN OF UNCONSOLIDATED JOINT VENTURES

================================================================================================================================ COMPANY'S NUMBER OF PERCENT SQUARE EFFECTIVE JOINT VENTURE NAME PROPERTY BUILDINGS LOCATION LEASED FEET OWNERSHIP % - -------------------------------------------------------------------------------------------------------------------------------- OFFICE PROPERTIES: - ------------------ American Financial Exchange L.L.C. Harborside Plaza 10 (a) 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 (b) 1 Anaheim, CA 49.6% 268,376 32.5% G&G Martco Convention Plaza 1 San Francisco, CA 99.8% 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 69.4% 168,000 20.0% HPMC Pacific Plaza Phase I (c) 1 Daly City, CA 50.5% 369,682 32.5% OFFICE/FLEX PROPERTIES: - ----------------------- Ramland Realty Associates, L.L.C. One Ramland Road 1 Orangeburg, NY 72.0% 232,000 50.0% MULTI-USE: - ---------- HPMC Pacific Plaza Phase II (d) 1 Daly City, CA 100.0% 100,740 32.5% ================================================================================================================================

(a) Property was being developed and not in service as of March 31, 2002. The joint venture also has a parking lot operation on adjacent land. (b) Property was placed in service in January 2002 and is currently in lease-up. (c) Property was placed in service in August 2001 and is currently in lease-up. (d) Property consisting of a three-story theater and retail complex was being developed and not in service as of March 31, 2002. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 14 UNCONSOLIDATED 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 March 31, 2002 and December 31, 2001:

MARCH 31, 2002 ------------------------------------------------------------------------------------------- AMERICAN MC-SJP HARBORSIDE G&G FINANCIAL RAMLAND ASHFORD MORRIS SOUTH COMBINED PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP REALTY PIER TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: Rental property, net $ -- $ 19,234 $ 9,245 $ 97,130 $ 17,699 $ 37,197 $ -- $ 16,539 $ 76,737 $273,781 Other assets 59 19,493 2,710 65 2,709 1,185 576,536 165 100 603,022 - ------------------------------------------------------------------------------------------------------------------------------------ Total assets $ 59 $ 38,727 $ 11,955 $ 97,195 $ 20,408 $ 38,382 $576,536 $ 16,704 $ 76,837 $876,803 ==================================================================================================================================== LIABILITIES AND PARTNERS'/MEMBERS' CAPITAL: Mortgages and loans payable $ -- $ 13,976 $ 50,000 $ -- $ 15,801 $ -- $323,966 $ 17,433 $ 45,144 $466,320 Other liabilities -- 493 1,249 6,635 99 349 2,303 103 5,391 16,622 Partners'/members' capital 59 24,258 (39,294) 90,560 4,508 38,033 250,267 (832) 26,302 393,861 - ------------------------------------------------------------------------------------------------------------------------------------ Total liabilities and partners'/members' capital $ 59 $ 38,727 $ 11,955 $ 97,195 $ 20,408 $ 38,382 $576,536 $ 16,704 $ 76,837 $876,803 ==================================================================================================================================== Company's net investment in unconsolidated joint ventures $ -- $ 25,299 $ 2,726 $ 95,358 $ 1,826 $ 7,941 $ 15,129 $ 186 $ 15,628 $164,093 - ------------------------------------------------------------------------------------------------------------------------------------

DECEMBER 31, 2001 ------------------------------------------------------------------------------------------- AMERICAN MC-SJP HARBORSIDE G&G FINANCIAL RAMLAND ASHFORD MORRIS SOUTH COMBINED PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP REALTY PIER TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: Rental property, net $ -- $ 19,556 $ 9,598 $ 81,070 $ 18,119 $ 37,359 $ -- $ 16,607 $ 63,236 $245,545 Other assets 732 20,267 2,163 120 4,822 1,132 595,937 107 100 625,380 - ------------------------------------------------------------------------------------------------------------------------------------ Total assets $ 732 $ 39,823 $ 11,761 $ 81,190 $ 22,941 $ 38,491 $595,937 $ 16,714 $ 63,336 $870,925 ==================================================================================================================================== LIABILITIES AND PARTNERS'/MEMBERS' CAPITAL: Mortgages and loans payable $ -- $ 13,976 $ 50,000 $ -- $ 15,974 $ -- $324,819 $ 16,795 $ 34,107 $455,671 Other liabilities -- 897 1,196 9,667 83 949 3,736 103 2,927 19,558 Partners'/members' capital 732 24,950 (39,435) 71,523 6,884 37,542 267,382 (184) 26,302 395,696 - ------------------------------------------------------------------------------------------------------------------------------------ Total liabilities and partners'/members' capital $ 732 $ 39,823 $ 11,761 $ 81,190 $ 22,941 $ 38,491 $595,937 $ 16,714 $ 63,336 $870,925 ==================================================================================================================================== Company's net investment in unconsolidated joint ventures $ 350 $ 24,545 $ 2,795 $ 74,651 $ 3,014 $ 7,809 $ 17,897 $ 183 $ 15,296 $146,540 - ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 15 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 month periods ended March 31, 2002 and 2001:

THREE MONTHS ENDED MARCH 31, 2002 ----------------------------------------------------------------------------------------------------------- AMERICAN MC-SJP HARBORSIDE G&G FINANCIAL RAMLAND ASHFORD MORRIS SOUTH COMBINED PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP REALTY PIER TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Total revenues $ 1 $ 1,308 $ 3,405 $ 3 $ 973 $ 1,031 $ 21,350 $ -- $ -- $ 28,071 Operating and other expenses 6 (392) (853) (9) (1,856) (448) (24,253) (315) -- (28,120) Depreciation and amortization -- (385) (406) (10) (1,303) (162) -- -- -- (2,266) Interest expense -- (151) (505) -- (190) -- (8,244) (638) -- (9,728) - ------------------------------------------------------------------------------------------------------------------------------------ Net income $ 7 $ 380 $ 1,641 $ (16) $ (2,376) $ 421 $(11,147) $ (953) $ -- $(12,043) ==================================================================================================================================== Company's equity in (loss) earnings of Unconsolidated joint ventures $ (13) $ 1,315 $ 681 $ (16) $ (1,188) $ 132 $ (2,216) $ -- $ -- $ (1,305) - ------------------------------------------------------------------------------------------------------------------------------------

THREE MONTHS ENDED MARCH 31, 2001 ----------------------------------------------------------------------------------------------------------- AMERICAN MC-SJP HARBORSIDE G&G FINANCIAL RAMLAND ASHFORD MORRIS SOUTH COMBINED PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP REALTY PIER TOTAL - ------------------------------------------------------------------------------------------------------------------------------------ Total revenues $ 1,253 $ 5,512 $ 2,721 $ 220 $ 969 $ 1,574 $ 19,354 $ -- $ -- $ 31,603 Operating and other expenses (413) (729) (805) (33) (343) (717) (1,841) -- -- (4,881) Depreciation and amortization (293) (1,823) (389) (15) (246) (231) -- -- -- (2,997) Interest expense -- (1,376) (985) -- (356) -- (3,014) -- -- (5,731) - ------------------------------------------------------------------------------------------------------------------------------------ Net income $ 547 $ 1,584 $ 542 $ 172 $ 24 $ 626 $ 14,499 $ -- $ -- $ 17,994 ==================================================================================================================================== Company's equity in (loss) earnings of Unconsolidated joint ventures $ 258 $ 2,152 $ 171 $ 172 $ 59 $ 97 $ 500 $ -- $ -- $ 3,409 - ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 16 SELECT FINANCIAL RATIOS

================================================================================ RATIOS COMPUTED FOR INDUSTRY MARCH 31, COMPARISONS: 2002 2001 - -------------------------------------------------------------------------------- FINANCIAL POSITION RATIOS: - ------------------------- Total Debt/ Total Book 45.67% 45.16% Capitalization (BOOK VALUE) (%) Total Debt/ Total Market 40.97% 46.34% Capitalization (MARKET VALUE) (%) Total Debt/ Total Undepreciated 41.65% 41.43% Assets (%) Secured Debt/ Total Undepreciated 13.14% 11.98% Assets (%) - --------------------------------------------------------------------------------

================================================================================ THREE MONTHS ENDED MARCH 31, 2002 2001 - -------------------------------------------------------------------------------- OPERATIONAL RATIOS: - ------------------ Interest Coverage 3.56 3.38 (FUNDS FROM OPERATIONS+INTEREST EXPENSE)/INTEREST EXPENSE (X) Debt Service Coverage 3.45 3.29 (FUNDS FROM OPERATIONS + INTEREST EXPENSE)/(INTEREST EXPENSE + PRINCIPAL AMORT.) (X) Fixed Charge Coverage 2.56 2.63 (FUNDS FROM OPERATIONS + INTEREST EXPENSE)/(INTEREST EXPENSE + CAPITALIZED INTEREST+PREF. DIV. +PRIN. AMORT.+GROUND LEASE PAYMENTS)(X) FFO Payout 67.25% 68.30% (DIVIDENDS DECLARED/FUNDS FROM OPERATIONS (%)) CAD Payout 77.73% 78.45% (DIVIDENDS DECLARED/ CASH AVAILABLE FOR DISTRIBUTION (%)) ================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 17 DEBT ANALYSIS (AS OF MARCH 31, 2002) DEBT BREAKDOWN (DOLLARS IN THOUSANDS)

=================================================================================================================== WEIGHTED AVERAGE WEIGHTED AVERAGE BALANCE % OF TOTAL INTEREST RATE (A) MATURITY IN YEARS - ------------------------------------------------------------------------------------------------------------------- Fixed Rate Secured Debt $ 510,721 29.68% 7.11% 3.43 Fixed Rate Unsecured Notes 1,096,965 63.74% 7.51% 5.26 Variable Rate Secured Debt 32,178 1.87% 2.74% 6.83 Variable Rate Unsecured Debt 81,000 4.71% 2.70% 1.23 - ------------------------------------------------------------------------------------------------------------------- TOTALS/WEIGHTED AVERAGE: $1,720,864 100.00% 7.07% 4.55 ===================================================================================================================

FUTURE REPAYMENTS (DOLLARS IN THOUSANDS) =================================================================================================================== SCHEDULED PRINCIPAL WEIGHTED AVERAGE INTEREST RATE PERIOD AMORTIZATION MATURITIES TOTAL OF FUTURE REPAYMENTS (A) - ------------------------------------------------------------------------------------------------------------------- 2002 $3,211 $ -- $ 3,211 7.72% 2003 4,145 273,094 277,239 5.97% 2004 2,922 309,863 312,785 7.34% 2005 2,066 253,178 255,244 7.13% 2006 222 220,000 220,222 7.06% Thereafter 58 656,542 656,600 7.36% - ------------------------------------------------------------------------------------------------------------------- Sub-total 12,624 1,712,677 1,725,301 7.07% Adjustment for unamortized debt discount/premium, net, as of March 31, 2002 (4,437) -- (4,437) -- - ------------------------------------------------------------------------------------------------------------------- TOTALS/WEIGHTED AVERAGE: $8,187 $1,712,677 $1,720,864 7.07% ===================================================================================================================

(a) Actual weighted average LIBOR contract rates relating to the Company's outstanding debt as of March 31, 2002 of 1.95 percent was used in calculating revolving credit facility and other variable rate debt interest rates. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 18 DEBT MATURITIES (DOLLARS IN THOUSANDS)

- --------------------------------------------------------------------------------------------------------------------------------- 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 TOTALS - --------------------------------------------------------------------------------------------------------------------------------- SECURED DEBT: - ------------ Mack-Cali Willowbrook $ 6,811 $ 6,811 400 Chestnut Ridge $ 9,863 9,863 Mack-Cali Centre VI $ 35,000 35,000 Prudential Portfolio 150,000 150,000 Mack-Cali Bridgewater I 23,000 23,000 Mack-Cali Woodbridge II 17,500 17,500 Mack-Cali Short Hills 22,089 22,089 500 West Putnam Ave 5,589 5,589 Harborside Financial Center- Plaza 1 $75,358 75,358 Harborside Financial Center- Plazas 2 & 3 144,642 144,642 Mack-Cali Airport $9,364 9,364 Kemble Plaza I $32,178 32,178 - --------------------------------------------------------------------------------------------------------------------------------- TOTAL SECURED DEBT: -- $ 6,811 $ 9,863 $253,178 $220,000 $9,364 -- $32,178 -- -- $ 531,394 ================================================================================================================================= UNSECURED DEBT: - --------------- Unsecured credit facility $81,000 $ 81,000 7.180% unsecured notes due 12/03 185,283 185,283 7.000% unsecured notes due 3/04 $300,000 300,000 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: -- $266,283 $300,000 -- -- -- -- $300,000 $15,000 $300,000 $1,181,283 ================================================================================================================================== TOTAL DEBT: -- $273,094 $309,863 $253,178 $220,000 $9,364 -- $332,178 $15,000 $300,000 $1,712,677 ==================================================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 19 DEBT DETAIL (DOLLARS IN THOUSANDS)

PRINCIPAL BALANCE AT EFFECTIVE -------------------- INTEREST MARCH 31, DECEMBER 31, DATE OF PROPERTY NAME LENDER RATE 2002 2001 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% 299,844 299,824 03/15/04 7.250% Senior Unsecured Notes public debt 7.490% 298,365 298,307 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% 298,473 298,429 02/15/11 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL SENIOR UNSECURED NOTES: $1,096,965 $1,096,843 =============================================================================================================================== REVOLVING CREDIT FACILITIES: - --------------------------- 2000 UNSECURED FACILITY (b) 22 LENDERS LIBOR+ 0.800% $ 81,000 $ 59,500 06/22/03 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL REVOLVING CREDIT FACILITIES: $ 81,000 $ 59,500 =============================================================================================================================== PROPERTY MORTGAGES: - ------------------ Mack-Cali Willowbrook CIGNA 8.670% $ 8,371 $ 8,598 10/01/03 400 Chestnut Ridge Prudential Insurance Co. 9.440% 12,396 12,646 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% 25,037 25,218 10/01/05 500 West Putnam Avenue New York Life Ins. Co. 6.520% 9,064 9,273 10/10/05 Harborside - Plaza 1 U.S. West Pension Trust 5.610% 58,922 57,978 01/01/06 Harborside - Plazas 2 and 3 Northwestern/Principal 7.363% 161,078 162,022 01/01/06 Mack-Cali Airport Allstate Life Insurance Co. 7.050% 10,353 10,394 04/01/07 KEMBLE PLAZA I MITSUBISHI TR & BK CO. LIBOR+0.650% 32,178 32,178 01/31/09 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL PROPERTY MORTGAGES: $ 542,899 $ 543,807 =============================================================================================================================== TOTAL DEBT: $1,720,864 $1,700,150 ===============================================================================================================================

(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, subject to, amongst other things, the Company having an investment grade rating from two rating agencies (at least one of which must be from S&P or Moody's) at the time of conversion. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 20 III. FINANCIAL STATEMENTS - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 21 III. FINANCIAL STATEMENTS MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

=============================================================================================== THREE MONTHS ENDED MARCH 31, REVENUES 2002 2001 - ----------------------------------------------------------------------------------------------- Base rents $ 126,457 $ 125,376 Escalations and recoveries from tenants 13,270 14,762 Parking and other 3,064 2,346 Equity in (loss) earnings of unconsolidated joint ventures (1,305) 3,409 Interest income 338 613 - ----------------------------------------------------------------------------------------------- Total revenues 141,824 146,506 - ----------------------------------------------------------------------------------------------- EXPENSES - ----------------------------------------------------------------------------------------------- Real estate taxes 15,333 15,287 Utilities 10,130 11,956 Operating services 16,198 17,879 General and administrative 6,705 6,010 Depreciation and amortization 23,953 23,484 Interest expense 26,359 28,365 - ----------------------------------------------------------------------------------------------- Total expenses 98,678 102,981 - ----------------------------------------------------------------------------------------------- Income before realized gains and unrealized losses on disposition of rental 43,146 43,525 property and minority interest Realized gains and unrealized losses on disposition of rental property, net 7,098 (20,563) - ----------------------------------------------------------------------------------------------- Income before minority interest 50,244 22,962 Minority interest in Operating Partnership 9,629 6,224 - ----------------------------------------------------------------------------------------------- Net income $ 40,615 $ 16,738 =============================================================================================== PER SHARE DATA: Basic earnings per share $ 0.72 $ 0.29 Diluted earnings per share $ 0.70 $ 0.29 Dividends declared per common share $ 0.62 $ 0.61 - ----------------------------------------------------------------------------------------------- Basic weighted average shares outstanding 56,799 56,807 Diluted weighted average shares outstanding 71,461 64,994 - -----------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 22 MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

============================================================================================================= MARCH 31, DECEMBER 31, ASSETS 2002 2001 - ------------------------------------------------------------------------------------------------------------- Rental property Land and leasehold interests $ 479,914 $ 479,358 Buildings and improvements 2,781,630 2,751,453 Tenant improvements 139,385 140,071 Furniture, fixtures and equipment 7,268 7,189 - ------------------------------------------------------------------------------------------------------------- 3,408,197 3,378,071 Less - accumulated depreciation and amortization (363,271) (350,705) - ------------------------------------------------------------------------------------------------------------- 3,044,926 3,027,366 Rental property held for sale, net 376,141 384,626 - ------------------------------------------------------------------------------------------------------------- Net investment in rental property 3,421,067 3,411,992 Cash and cash equivalents 2,136 12,835 Investments in unconsolidated joint ventures 164,093 146,540 Unbilled rents receivable, net 63,572 60,829 Deferred charges and other assets, net 104,951 101,499 Restricted cash 7,401 7,914 Accounts receivable, net of allowance for doubtful accounts of $834 and $752 5,151 5,161 - ------------------------------------------------------------------------------------------------------------- TOTAL ASSETS $3,768,371 $3,746,770 ============================================================================================================= LIABILITIES AND STOCKHOLDERS' EQUITY - ------------------------------------------------------------------------------------------------------------- Senior unsecured notes $1,096,965 $1,096,843 Revolving credit facilities 81,000 59,500 Mortgages and loans payable 542,899 543,807 Dividends and distributions payable 44,346 44,069 Accounts payable and accrued expenses 61,189 64,620 Rents received in advance and security deposits 34,724 33,512 Accrued interest payable 9,392 25,587 - ------------------------------------------------------------------------------------------------------------- Total liabilities 1,870,515 1,867,938 - ------------------------------------------------------------------------------------------------------------- Minority interest in Operating Partnership 446,920 446,244 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, 57,197,440 and 56,712,270 shares outstanding 572 567 Additional paid-in capital 1,514,965 1,501,623 Dividends in excess of net earnings (59,764) (64,906) Unamortized stock compensation (4,837) (4,696) - ------------------------------------------------------------------------------------------------------------- Total stockholders' equity 1,450,936 1,432,588 - ------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3,768,371 $3,746,770 =============================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 23 MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (IN THOUSANDS)

=================================================================================================================================== 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, 2002 56,712 $ 567 $ 1,501,623 $ (64,906) $ (4,696) $ 1,432,588 Net income -- -- -- 40,615 -- 40,615 Dividends -- -- -- (35,473) -- (35,473) Redemption of common units for shares of common stock 3 -- 80 -- -- 80 Proceeds from stock options exercised 488 5 12,734 -- -- 12,739 Deferred compensation plan for directors -- -- 41 -- -- 41 Amortization of stock compensation -- -- -- -- 498 498 Adjustment to fair value of restricted stock -- -- 639 -- (639) -- Repurchase of common stock (5) -- (152) -- -- (152) - ----------------------------------------------------------------------------------------------------------------------------------- BALANCE AT MARCH 31, 2002 57,198 $ 572 $ 1,514,965 $ (59,764) $ (4,837) $ 1,450,936 ===================================================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 24 STATEMENTS OF FUNDS FROM OPERATIONS AND CASH AVAILABLE FOR DISTRIBUTION (IN THOUSANDS, EXCEPT PER SHARE/UNIT AMOUNTS)

THREE MONTHS ENDED MARCH 31, ========================================================================================= 2002 2001 - ----------------------------------------------------------------------------------------- Income before realized gains and unrealized losses on Disposition of rental property, and minority interest $ 43,146 $ 43,525 Add: Real estate-related depreciation and amortization (a) 24,449 24,003 Deduct: Adj. to rental income for straight-lining of rents (b) (1,713) (3,805) - ----------------------------------------------------------------------------------------- Funds from operations (c), after adjustment for Straight-lining of rents $ 65,882 $ 63,723 - ----------------------------------------------------------------------------------------- Deduct: Non-incremental revenue generating capital expenditures: Capital expenditures (318) (913) Tenant improvements and leasing commissions (8,566) (7,325) - ----------------------------------------------------------------------------------------- Cash available for distribution $ 56,998 $ 55,485 ========================================================================================= Basic weighted average shares/units outstanding (d) 64,751 64,767 Diluted weighted average shares/units outstanding (e) 71,461 71,353 PER SHARE/UNIT - BASIC(f): Funds from operations $ 0.96 $ 0.92 Cash available for distribution $ 0.82 $ 0.80 PER SHARE/UNIT - DILUTED: Funds from operations $ 0.92 $ 0.89 Cash available for distribution $ 0.80 $ 0.78 Dividend per common share $ 0.62 $ 0.61 DIVIDEND PAYOUT RATIOS: Funds from operations-diluted 67.25% 68.30% Cash available for distribution-diluted 77.73% 78.45% =========================================================================================

(a) Includes the Company's share from unconsolidated joint ventures of $714 and $721 for the three months ended March 31, 2002 and 2001, respectively. (b) Includes the Company's share from unconsolidated joint ventures of ($1,047) and $35 for the three months ended March 31, 2002 and 2001, 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 $3,879 for the three months ended March 31, 2002 and 2001, respectively. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 25 RECONCILIATION OF BASIC-TO-DILUTED SHARES/UNITS (IN THOUSANDS) The following schedule reconciles the Company's basic weighted average shares outstanding to basic and diluted weighted average shares/units outstanding:

====================================================================== THREE MONTHS ENDED MARCH 31, 2002 2001 - ---------------------------------------------------------------------- Basic weighted average shares outstanding: 56,799 56,807 Add: Weighted average common units 7,952 7,960 - ---------------------------------------------------------------------- Basic weighted average shares/units: 64,751 64,767 Add: Weighted average preferred units (after conversion to common units) 6,359 6,359 Stock options 351 227 - ---------------------------------------------------------------------- Diluted weighted average shares/units outstanding: 71,461 71,353 ======================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 26 IV. VALUE CREATION PIPELINE - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 27 IV. VALUE CREATION PIPELINE OPERATING PROPERTY ACQUISITIONS (DOLLARS IN THOUSANDS) FOR THE THREE MONTHS ENDED MARCH 31, 2002 No Activity. FOR THE YEAR ENDED DECEMBER 31, 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 11/06/01 9 Campus Drive (b) Parsippany, Morris County, NJ 1 156,495 15,073 - ------------------------------------------------------------------------------------------------------------------------------------ TOTAL OFFICE PROPERTY ACQUISITIONS: 3 452,261 $63,477 - ------------------------------------------------------------------------------------------------------------------------------------ OFFICE/FLEX 02/14/01 31 & 41 Twosome Drive (c)(d) Moorestown, Burlington County, NJ 2 127,250 $ 7,155 04/27/01 1245 & 1247 N. Church Street, 2 Twosome Drive (c)(d) 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: 10 901,888 $96,561 ====================================================================================================================================

SEE FOOTNOTES TO THE ABOVE SCHEDULES ON PAGE 29. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 28 PROPERTIES PLACED IN SERVICE (DOLLARS IN THOUSANDS) FOR THE THREE MONTHS ENDED MARCH 31, 2002 No Activity. FOR THE YEAR ENDED DECEMBER 31, 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 $47,328 03/01/01 8181 East Tufts Avenue Denver, Denver County, CO 1 185,254 34,993 - -------------------------------------------------------------------------------------------------------------------------------- TOTAL PROPERTIES PLACED IN SERVICE: 2 405,254 $82,321 ================================================================================================================================

(a) Unless otherwise noted, transactions were funded primarily through draws on the Company's credit facilities. (b) The Company acquired the remaining 50 percent interest in this property from an unconsolidated joint venture. Investment by Company represents the net cost of acquiring the remaining interest. (c) 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. (d) The properties were acquired through the exercise of a purchase option obtained in the initial acquisition of the McGarvey portfolio in January 1998. (e) Unless otherwise noted, development costs were funded primarily through draws on the Company's credit facilities. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 29 SUMMARY OF CONSTRUCTION PROJECTS (DOLLARS IN THOUSANDS)

ESTIMATED COSTS PLACED IN NUMBER INCURRED TOTAL TYPE OF SERVICE OF SQUARE FEET THROUGH ESTIMATED CURRENT PROJECT LOCATION SPACE DATE BUILDINGS 3/31/02 COSTS % LEASED - ----------------------------------------------------------------------------------------------------------------------------------- MAJORITY OWNED: - -------------- 125 Clearbrook Road Elmsford, NY Office/Flex 2002-2Q 1 33,000 $ 4,326 $ 5,200 100.0% Harborside Plaza 5 Jersey City, NJ Office 2002-4Q 1 980,000 141,928 260,000 57.8% 600 Horizon Drive Hamilton Twp, NJ Office/Flex 2002-4Q 1 95,000 220 10,700 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL: 3 1,108,000 $146,474 $275,900 62.7% - ----------------------------------------------------------------------------------------------------------------------------------- UNCONSOLIDATED JOINT VENTURES: - -------- Pacific Plaza Phase II (a) Daly City, CA Retail/Theater 2002-2Q 1 100,740 2,366 2,366 100.0% Hyatt Regency South Pier Jersey City, NJ Hotel 2002-3Q 1 280,000 15,628 18,000 n/a (b) Harborside Plaza 10 (c) Jersey City, NJ Office 2002-4Q 1 575,000 90,098 145,000 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL: 3 955,740 $108,092 $165,366 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- GRAND TOTAL: 6 2,063,740 $254,566 $441,266 80.0% ===================================================================================================================================

(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 $31.0 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 $103.0 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 $145.0 million. SUMMARY OF DEVELOPMENT PROPERTIES IN LEASE-UP (DOLLARS IN THOUSANDS)

- ----------------------------------------------------------------------------------------------------------------------------------- COSTS PLACED IN NUMBER INCURRED TOTAL TYPE OF SERVICE OF SQUARE THROUGH ESTIMATED CURRENT PROJECT LOCATION SPACE DATE BUILDINGS FEET 3/31/02 COSTS % LEASED - ----------------------------------------------------------------------------------------------------------------------------------- UNCONSOLIDATED JOINT VENTURES: - -------- Pacific Plaza Phase I (a) Daly City, CA Office 08/20/01 1 369,682 $6,822 $6,822 50.5% Stadium Gateway (b) Anaheim, CA Office 01/27/02 1 268,376 2,680 2,680 49.6% - ----------------------------------------------------------------------------------------------------------------------------------- GRAND TOTAL: 2 638,058 $9,502 $9,502 50.1% ===================================================================================================================================

(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. (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 $44.0 million. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 30 SUMMARY OF LAND PARCELS

- ---------------------------------------------------------------------------------------------------------------------- DEVELOPMENT POTENTIAL SITE TOWN/ CITY STATE ACRES (SQ. FT.) TYPE OF SPACE - ---------------------------------------------------------------------------------------------------------------------- Horizon Center Hamilton NJ 34.3 300,000 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 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 366.7 8,898,000 ======================================================================================================================

(a) Land owned by joint venture in which Mack-Cali is an equity partner. (b) In addition, there are 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 held for sale. (f) Unconsolidated joint venture, in which Mack-Cali is an equity partner, holds an option to purchase this land. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 31 RENTAL PROPERTY SALES (DOLLARS IN THOUSANDS) FOR THE THREE MONTHS ENDED MARCH 31, 2002

- ------------------------------------------------------------------------------------------------------------------------------------ SALE # OF NET SALES NET BOOK REALIZED DATE PROPERTY NAME LOCATION BLDGS. SIZE PROCEEDS VALUE GAIN/ (LOSS) - ------------------------------------------------------------------------------------------------------------------------------------ RESIDENTIAL: - ----------- 01/30/02 25 Martine Avenue White Plains, Westchester County, NY 1 124 units $17,559 $10,461 $7,098 - ------------------------------------------------------------------------------------------------------------------------------------ TOTAL PROPERTY SALES: 1 124 UNITS $17,559 $10,461 $7,098 ====================================================================================================================================

FOR THE YEAR ENDED DECEMBER 31, 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 County, IA 1 72,265 5,165 5,570 (405) 09/26/01 1709 New York Avenue, NW Washington, DC 1 166,000 65,151 50,640 14,511 11/14/01 200 Concord Plaza Drive San Antonio, Bexar County, TX 1 248,700 30,927 32,609 (1,682) 12/21/01 5225 Katy Freeway Houston, Harris County, TX 1 112,213 6,887 7,393 (506) 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 - ------------------------------------------------------------------------------------------------------------------------------------ TOTAL PROPERTY SALES: 8 1,021,823 $164,084 $129,155 $34,929 ====================================================================================================================================

(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. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 32 V. PORTFOLIO/ LEASING STATISTICS - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 33 V. PORTFOLIO/ LEASING STATISTICS LEASING STATISTICS (FOR THE THREE MONTHS ENDED MARCH 31, 2002) CONSOLIDATED IN-SERVICE PORTFOLIO SUMMARY OF SPACE LEASED

- --------------------------------------------------------------------------------------------------------------------------------- LEASING ACTIVITY LEASED SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT. LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED REGION/MARKET 12/31/01 SOLD (a) SQ.FT.(b) SQ.FT. ACTIVITY 3/31/02 3/31/02 12/31/01 - ----------------------------------------------------------------------------------------------------------------------------------- NORTHEAST Northern NJ 9,380,571 111,894 (204,536) 235,356 30,820 9,523,285 95.2% 95.9% Central NJ 2,629,946 -- (114,745) 105,024 (9,721) 2,620,225 94.2% 94.6% Westchester Co., NY 4,570,240 -- (264,508) 245,601 (18,907) 4,551,333 97.2% 97.6% Sub. Philadelphia 2,820,288 -- (232,156) 182,614 (49,542) 2,770,746 90.2% 91.8% Fairfield, CT 649,363 -- (102,932) 101,190 (1,742) 647,621 96.3% 96.5% Washington, DC/MD 444,699 -- (130,259) 130,259 -- 444,699 98.7% 98.7% Rockland Co/Long Island, NY 582,508 -- (48,393) 48,393 -- 582,508 98.5% 98.5% ------------------------------------------------------------------------------------------------ TOTAL NORTHEAST 21,077,615 111,894 (1,097,529) 1,048,437 (49,092) 21,140,417 95.0% 95.7% ------------------------------------------------------------------------------------------------ SOUTHWEST/WEST/OTHER Texas 1,560,270 -- (75,089) 81,455 6,366 1,566,636 82.9% 82.5% Colorado 1,368,726 138,003 (33,972) 29,257 (4,715) 1,502,014 89.7% 92.0% San Francisco 439,866 -- (15,329) 17,131 1,802 441,668 98.0% 97.6% Arizona 416,967 -- (41,328) 41,328 -- 416,967 100.0% 100.0% Other 271,908 -- (10,229) -- (10,229) 261,679 88.0% 91.4% ------------------------------------------------------------------------------------------------ TOTAL SOUTHWEST/WEST/OTHER 4,057,737 138,003 (175,947) 169,171 (6,776) 4,188,964 88.6% 89.3% ------------------------------------------------------------------------------------------------ COMPANY TOTALS 25,135,352 249,897 (1,273,476) 1,217,608 (55,868) 25,329,381 93.9% 94.6% ================================================================================================ - --------------------------------------------------------------------------------------------------------------------------------

RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE Total sq. ft. as of December 31, 2001 26,577,886 Total sq. ft. of properties added this period 405,254 ---------- Total sq. ft. as of March 31, 2002 26,983,140 ========== (a) Net gain/loss of leased square footage through properties sold, acquired or placed in service during the period. (b) 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 March 31, 2002 34 LEASING STATISTICS (FOR THE THREE MONTHS ENDED MARCH 31, 2002) CONSOLIDATED IN-SERVICE PORTFOLIO (CONTINUED) DETAIL OF TRANSACTION ACTIVITY

- ------------------------------------------------------------------------------------------------------------------------------------ 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 19 207,957 52,151 155,806 3.9 $28.82 $1.69 Office/Flex 4 27,399 5,000 22,399 4.0 $15.99 $2.19 Central NJ Office 8 79,800 14,555 65,245 5.7 $24.77 $1.68 Office/Flex 4 25,224 -- 25,224 5.0 $16.10 $2.15 Westchester Co., NY Office 22 84,858 12,860 71,998 5.0 $25.04 $1.31 Office/Flex 16 130,915 14,675 116,240 4.2 $14.85 $0.69 Industrial/Warehouse 4 29,828 300 29,528 2.4 $11.09 $1.08 Sub. Philadelphia Office 5 99,514 1,852 97,662 5.9 $26.76 $2.27 Office/Flex 9 83,100 20,330 62,770 4.5 $9.01 $1.12 Fairfield, CT Office 3 13,190 -- 13,190 3.5 $25.40 $0.31 Office/Flex 2 88,000 -- 88,000 5.1 $16.88 $2.41 Washington, DC/MD Office 2 130,259 -- 130,259 3.4 $44.45 $2.36 Rockland Co/Long Island, NY Office 4 48,393 19,974 28,419 7.1 $21.81 $2.77 ------------------------------------------------------------------------------ TOTAL NORTHEAST 102 1,048,437 141,697 906,740 4.6 $24.12 $1.81 ------------------------------------------------------------------------------ SOUTHWEST/WEST/OTHER Texas Office 24 81,455 48,899 32,556 4.1 $17.61 $1.91 Colorado Office 8 29,257 21,882 7,375 4.2 $17.15 $2.67 San Francisco Office 47 17,131 2,430 14,701 3.7 $32.25 $2.11 Other Office 1 41,328 -- 41,328 1.0 $23.00 $0.20 ------------------------------------------------------------------------------ TOTAL SOUTHWEST/WEST/OTHER 80 169,171 73,211 95,960 3.3 $20.33 $1.97 ------------------------------------------------------------------------------ COMPANY TOTALS 182 1,217,608 214,908 1,002,700 4.4 $23.60 $1.83 ============================================================================== - ------------------------------------------------------------------------------------------------------------------------------------ DETAIL BY PROPERTY TYPE Office 143 833,142 174,603 658,539 4.4 $28.06 $2.01 Office/Flex 35 354,638 40,005 314,633 4.6 $14.16 $1.49 Industrial/Warehouse 4 29,828 300 29,528 2.4 $11.09 $1.08 ------------------------------------------------------------------------------ COMPANY TOTALS 182 1,217,608 214,908 1,002,700 4.4 $23.60 $1.83 ============================================================================== - ------------------------------------------------------------------------------------------------------------------------------------ TENANT RETENTION: Leases Retained 62.7% Sq. Ft. Retained 78.7% - ------------------------------------------------------------------------------------------------------------------------------------

(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 $5,320,993 and commissions of $3,892,939 committed, but not necessarily expended, during the period for second generation space aggregating 1,186,895 square feet. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 35 LEASING STATISTICS (FOR THE THREE MONTHS ENDED MARCH 31, 2002) UNCONSOLIDATED JOINT VENTURE PROPERTIES (a) SUMMARY OF SPACE LEASED

- -------------------------------------------------------------------------------------------------------------------------------- LEASING ACTIVITY LEASED SQ. FT. SQ. FT. EXPIRING/ NET SQ. FT. PCT. PCT. LEASED ACQUIRED/ ADJUSTMENT INCOMING LEASING LEASED LEASED LEASED STATE 12/31/01 SOLD (b) SQ. FT. (c) SQ. FT. ACTIVITY 3/31/02 3/31/02 12/31/01 - -------------------------------------------------------------------------------------------------------------------------------- New York 167,000 -- 167,000 72.0% 72.0% Texas 182,840 -- No Activity 182,840 61.4% 61.4% California 480,228 -- 480,228 98.2% 98.2% ----------------------------------------------------------------------------------------------------- TOTALS 830,068 -- 830,068 81.5% 81.5% ===================================================================================================== - --------------------------------------------------------------------------------------------------------------------------------

RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE Total sq. ft. as of December 31, 2001 1,018,818 Total sq. ft. of properties added/sold this period -- --------- Total sq. ft. as of March 31, 2002 1,018,818 ========= DETAIL OF TRANSACTION ACTIVITY No transaction activity this period. (a) Unconsolidated Joint Venture Properties excludes in-service development properties in lease-up, aggregating 638,058 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 March 31, 2002 36 MARKET DIVERSIFICATION The following table lists the Company's markets (MSAs), based on annualized contractual base rent of the Consolidated Properties:

ANNUALIZED PERCENTAGE OF BASE RENTAL COMPANY TOTAL REVENUE ANNUALIZED BASE PROPERTY SIZE PERCENTAGE OF MARKET (MSA) ($) (a) (b) RENTAL REVENUE (%) RENTABLE AREA RENTABLE AREA (%) - ------------------------------------------------------------------------------------------------------------------------------ Newark, NJ (Essex-Morris-Union Counties) 86,459,504 17.7 4,116,859 15.3 Bergen-Passaic, NJ 86,122,119 17.6 4,530,091 16.8 New York, NY (Westchester-Rockland Counties) 85,499,562 17.5 4,864,355 18.0 Jersey City, NJ 42,933,560 8.8 2,094,470 7.8 Philadelphia, PA-NJ 41,424,595 8.5 2,991,796 11.1 Denver, CO 18,538,915 3.8 1,193,185 4.4 Middlesex-Somerset-Hunterdon, NJ 15,795,196 3.2 791,051 2.9 Trenton, NJ (Mercer County) 13,768,955 2.8 672,365 2.5 Dallas, TX 13,519,331 2.8 863,954 3.2 San Francisco, CA 12,944,054 2.7 450,891 1.7 Washington, DC-MD-VA 12,575,664 2.6 450,549 1.7 Stamford-Norwalk, CT 9,096,452 1.9 527,250 2.0 Monmouth-Ocean, NJ 7,227,460 1.5 577,423 2.1 Houston, TX 6,726,425 1.4 516,796 1.9 Nassau-Suffolk, NY 6,373,398 1.3 292,849 1.1 Phoenix-Mesa, AZ 5,646,402 1.2 416,967 1.5 San Antonio, TX 4,621,961 0.9 435,465 1.6 Tampa-St. Petersburg-Clearwater, FL 3,836,461 0.8 297,429 1.1 Boulder-Longmont, CO 3,655,875 0.7 270,421 1.0 Bridgeport, CT 3,125,492 0.6 145,487 0.5 Colorado Springs, CO 2,961,797 0.6 209,987 0.8 Dutchess County, NY 2,271,669 0.5 118,727 0.4 Atlantic-Cape May, NJ 1,754,150 0.4 80,344 0.3 Fort Worth-Arlington, TX 1,135,230 0.2 74,429 0.3 - ------------------------------------------------------------------------------------------------------------------------------ Totals 488,014,227 100.0 26,983,140 100.0 ==============================================================================================================================

(a) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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 tenants. Some tenants have multiple leases. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 37 INDUSTRY DIVERSIFICATION The following table lists the Company's 30 largest industry classifications based on annualized contractual base rent of the Consolidated Properties:

ANNUALIZED PERCENTAGE OF PERCENTAGE OF BASE RENTAL COMPANY SQUARE TOTAL COMPANY REVENUE ANNUALIZED BASE FEET LEASED INDUSTRY CLASSIFICATION (a) ($) (a) (b) RENTAL REVENUE (%) LEASED SQ. FT. (%) - ------------------------------------------------------------------------------------------------------------------------------ Securities, Commodity Contracts & Other Financial 57,095,370 11.7 2,364,073 9.5 Manufacturing 45,586,886 9.3 2,603,993 10.4 Telecommunications 32,201,126 6.6 1,720,102 6.9 Computer System Design Svcs. 31,863,428 6.5 1,603,230 6.4 Insurance Carriers & Related Activities 31,408,673 6.4 1,535,518 6.2 Legal Services 29,082,878 6.0 1,247,459 5.0 Health Care & Social Assistance 20,920,028 4.3 1,089,878 4.4 Credit Intermediation & Related Activities 20,515,715 4.2 1,168,430 4.7 Wholesale Trade 18,951,255 3.9 1,297,140 5.2 Accounting/Tax Prep. 18,413,961 3.8 797,386 3.2 Other Professional 17,610,950 3.6 926,557 3.7 Information Services 14,388,377 2.9 653,137 2.6 Retail Trade 13,491,508 2.8 790,790 3.2 Publishing Industries 12,713,130 2.6 556,167 2.2 Scientific Research/Development 12,397,482 2.5 695,614 2.8 Arts, Entertainment & Recreation 10,681,455 2.2 711,796 2.9 Real Estate & Rental & Leasing 10,286,447 2.1 498,762 2.0 Architectural/Engineering 9,653,382 2.0 453,505 1.8 Management of Companies & Finance 9,432,900 1.9 406,170 1.6 Other Services (except Public Administration) 8,997,725 1.8 623,504 2.5 Advertising/Related Services 8,932,596 1.8 409,486 1.6 Transportation 7,186,753 1.5 474,624 1.9 Management/Scientific 6,275,681 1.3 284,450 1.1 Data Processing Services 5,622,402 1.2 245,756 1.0 Construction 4,956,749 1.0 267,664 1.1 Educational Services 4,252,427 0.9 224,103 0.9 Utilities 4,019,828 0.8 185,257 0.7 Admin. & Support, Waste Mgt. & Remediation Svc. 3,743,431 0.8 265,124 1.1 Specialized Design Services 3,448,705 0.7 159,192 0.6 Public Administration 3,351,039 0.7 163,808 0.7 Other 10,531,940 2.2 528,710 2.1 - ------------------------------------------------------------------------------------------------------------------------------ Totals 488,014,227 100.0 24,951,385 100.0 ==============================================================================================================================

(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 March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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 tenants. Some tenants have multiple leases. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 38 CONSOLIDATED PORTFOLIO ANALYSIS (a) (AS OF MARCH 31, 2002) BREAKDOWN BY NUMBER OF PROPERTIES

PROPERTY TYPE: - -------------------------------------------------------------------------------------------------------------------------------- STAND- % OF OFFICE/ % OF INDUSTRIAL/ % OF ALONE % OF LAND % OF TOTALS % OF STATE OFFICE TOTAL FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL LEASES TOTAL BY STATE TOTAL - -------------------------------------------------------------------------------------------------------------------------------- New Jersey 72 27.9% 50 19.4% -- -- -- -- 1 0.4% 123 47.7% New York 23 8.9% 39 15.0% 6 2.3% 2 0.8% 2 0.8% 72 27.8% 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: 114 44.2% 94 36.3% 6 2.3% 2 0.8% 3 1.2% 219 84.8% - -------------------------------------------------------------------------------------------------------------------------------- Texas 12 4.7% -- -- -- -- -- -- -- -- 12 4.7% Arizona 3 1.2% -- -- -- -- -- -- -- -- 3 1.2% California 2 0.8% -- -- -- -- -- -- -- -- 2 0.8% Colorado 21 8.1% -- -- -- -- -- -- -- -- 21 8.1% Florida 1 0.4% -- -- -- -- -- -- -- -- 1 0.4% - -------------------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 153 59.4% 94 36.3% 6 2.3% 2 0.8% 3 1.2% 258 100.0% ================================================================================================================================

(a) Excludes 9 properties, aggregating approximately 1.7 million square feet, which are not consolidated by the Company. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 39 CONSOLIDATED PORTFOLIO ANALYSIS(a) (AS OF MARCH 31, 2002) BREAKDOWN BY SQUARE FOOTAGE PROPERTY TYPE:

PROPERTY TYPE: - --------------------------------------------------------------------------------------------------------------------------------- STAND- % OF OFFICE/ % OF INDUSTRIAL/ % OF ALONE % OF TOTALS % OF STATE OFFICE TOTAL FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL BY STATE TOTAL - --------------------------------------------------------------------------------------------------------------------------------- New Jersey 12,103,070 44.9% 2,277,531 8.4% -- -- -- -- 14,380,601 53.3% New York 2,626,484 9.7% 2,244,747 8.3% 387,400 1.4% 17,300 0.1% 5,275,931 19.5% Pennsylvania 1,473,798 5.5% -- -- -- -- -- -- 1,473,798 5.5% 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 17,053,638 63.3% 4,795,278 17.7% 387,400 1.4% 17,300 0.1% 22,253,616 82.5% - --------------------------------------------------------------------------------------------------------------------------------- Texas 1,890,644 7.0% -- -- -- -- -- -- 1,890,644 7.0% Arizona 416,967 1.5% -- -- -- -- -- -- 416,967 1.5% California 450,891 1.7% -- -- -- -- -- -- 450,891 1.7% Colorado 1,673,593 6.2% -- -- -- -- -- -- 1,673,593 6.2% Florida 297,429 1.1% -- -- -- -- -- -- 297,429 1.1% - --------------------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 21,783,162 80.8% 4,795,278 17.7% 387,400 1.4% 17,300 0.1% 26,983,140 100.0% =================================================================================================================================

(a) Excludes 9 properties, aggregating approximately 1.7 million square feet, which are not consolidated by the Company. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 40 CONSOLIDATED PORTFOLIO ANALYSIS(a) (YEAR ENDED MARCH 31, 2002) BREAKDOWN BY BASE RENTAL REVENUE (b) (DOLLARS IN THOUSANDS)

PROPERTY TYPE: - --------------------------------------------------------------------------------------------------------------------------------- STAND- % OF OFFICE/ % OF INDUSTRIAL/ % OF ALONE % OF LAND % OF TOTALS % OF STATE OFFICE TOTAL FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL LEASES TOTAL BY STATE TOTAL - --------------------------------------------------------------------------------------------------------------------------------- New Jersey 252,853 50.6% 18,100 3.6% -- -- -- -- 267 0.1% 271,220 54.3% New York 57,443 11.5% 31,400 6.3% 3,700 0.7% 195 0.1% 258 0.1% 92,996 18.7% Pennsylvania 31,128 6.2% -- -- -- -- -- -- -- -- 31,128 6.2% Connecticut 8,867 1.8% 3,765 0.7% -- -- -- -- -- -- 12,632 2.5% Wash., D.C./ Maryland 13,939 2.8% -- -- -- -- -- -- -- -- 13,939 2.8% - --------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST: 364,230 72.9% 53,265 10.6% 3,700 0.7% 195 0.1% 525 0.2% 421,915 84.5% - --------------------------------------------------------------------------------------------------------------------------------- Texas 25,892 5.1% -- -- -- -- -- -- -- -- 25,892 5.1% Arizona 5,703 1.1% -- -- -- -- -- -- -- -- 5,703 1.1% California 16,256 3.3% -- -- -- -- -- -- -- -- 16,256 3.3% Colorado 25,973 5.2% -- -- -- -- -- -- -- -- 25,973 5.2% Florida 3,842 0.8% -- -- -- -- -- -- -- -- 3,842 0.8% - --------------------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 441,896 88.4% 53,265 10.6% 3,700 0.7% 195 0.1% 525 0.2% 499,581 100.0% =================================================================================================================================

(a) Excludes 9 properties, aggregating approximately 1.7 million square feet, which are not consolidated by the Company. (b) Total base rent for the twelve months ended March 31, 2002, 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 March 31, 2002, 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 March 31, 2002. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 41 CONSOLIDATED PORTFOLIO ANALYSIS (a) (AS OF MARCH 31, 2002) BREAKDOWN BY PERCENTAGE LEASED

PROPERTY TYPE: - ----------------------------------------------------------------------------------------------------------------------------------- WEIGHTED AVG. STATE OFFICE OFFICE/FLEX INDUSTRIAL/WAREHOUSE STAND-ALONE RETAIL BY STATE - ----------------------------------------------------------------------------------------------------------------------------------- New Jersey 95.3% 91.6% -- -- 94.7% New York 96.5% 98.0% 98.7% 100.0% 97.3% Pennsylvania 88.0% -- -- -- 88.0% Connecticut 95.3% 97.7% -- -- 96.3% Washington, D.C./ Maryland 98.7% -- -- -- 98.7% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST 94.9% 94.9% 98.7% 100.0% 95.0% - ----------------------------------------------------------------------------------------------------------------------------------- Texas 82.9% -- -- -- 82.9% Arizona 100.0% -- -- -- 100.0% California 98.0% -- -- -- 98.0% Colorado 89.8% -- -- -- 89.8% Florida 88.0% -- -- -- 88.0% - ----------------------------------------------------------------------------------------------------------------------------------- WEIGHTED AVG. BY TYPE: 93.5% 94.9% 98.7% 100.0% 93.9% ===================================================================================================================================

(a) Excludes 9 properties, aggregating approximately 1.7 million square feet, which are not consolidated by the Company, as well as multi-family residential and land lease properties. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 42 PROPERTY LISTING OFFICE PROPERTIES

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - ---------------------------------------------------------------------------------------------------------------------- ATLANTIC COUNTY, NEW JERSEY EGG HARBOR - ---------- 100 Decadon Drive..................... 1987 40,422 100.0 862 0.17 21.33 200 Decadon Drive..................... 1991 39,922 100.0 732 0.15 18.34 BERGEN COUNTY, NEW JERSEY FAIR LAWN - --------- 17-17 Route 208 North................. 1987 143,000 100.0 3,281 0.66 22.94 FORT LEE - -------- One Bridge Plaza...................... 1981 200,000 99.7 4,942 0.99 24.78 2115 Linwood Avenue................... 1981 68,000 99.7 1,685 0.34 24.85 LITTLE FERRY - ------------ 200 Riser Road........................ 1974 286,628 100.0 2,475 0.50 8.63 MONTVALE - -------- 95 Chestnut Ridge Road................ 1975 47,700 100.0 567 0.11 11.89 135 Chestnut Ridge Road............... 1981 66,150 100.0 1,554 0.31 23.49 PARAMUS - ------- 15 East Midland Avenue................ 1988 259,823 100.0 6,725 1.35 25.88 461 From Road......................... 1988 253,554 99.8 6,039 1.21 23.87 650 From Road......................... 1978 348,510 90.5 6,724 1.35 21.32 140 Ridgewood Avenue ................. 1981 239,680 100.0 5,245 1.05 21.88 61 South Paramus Avenue............... 1985 269,191 99.3 6,259 1.25 23.42 ROCHELLE PARK - ------------- 120 Passaic Street.................... 1972 52,000 99.6 1,381 0.28 26.66 365 West Passaic Street............... 1976 212,578 95.4 4,235 0.85 20.88 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 98.0 3,968 0.80 21.09 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 96.2 5,416 1.09 23.96 300 Tice Boulevard.................... 1991 230,000 99.6 4,848 0.97 21.16 BURLINGTON COUNTY, NEW JERSEY MOORESTOWN - ---------- 224 Strawbridge Drive................. 1984 74,000 100.0 1,474 0.30 19.92 228 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 90.0 6,101 1.22 27.39 ROSELAND - -------- 101 Eisenhower Parkway................ 1980 237,000 81.4 4,351 0.87 22.55 103 Eisenhower Parkway................ 1985 151,545 89.8 3,138 0.63 23.06 105 Eisenhower Parkway................ 2001 220,000 64.8 3,468 0.70 24.33

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 43 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- HUDSON COUNTY, NEW JERSEY JERSEY CITY - ----------- Harborside Financial Center Plaza 1... 1983 400,000 99.0 3,342 0.67 8.44 Harborside Financial Center Plaza 2... 1990 761,200 100.0 19,139 3.84 25.14 Harborside Financial Center Plaza 3... 1990 725,600 100.0 18,241 3.66 25.14 Harborside Financial Center Plaza 4-A (c) 2000 207,670 94.0 6,477 1.30 37.01 MERCER COUNTY, NEW JERSEY PRINCETON - --------- 103 Carnegie Center................... 1984 96,000 93.0 2,283 0.46 25.57 100 Overlook Center................... 1988 149,600 96.9 3,795 0.76 26.18 5 Vaughn Drive........................ 1987 98,500 75.7 2,056 0.41 27.57 MIDDLESEX COUNTY, NEW JERSEY EAST BRUNSWICK - -------------- 377 Summerhill Road................... 1977 40,000 100.0 373 0.07 9.33 PLAINSBORO - ---------- 500 College Road East................. 1984 158,235 100.0 3,282 0.66 20.74 SOUTH BRUNSWICK - --------------- 3 Independence Way.................... 1983 111,300 100.0 2,228 0.45 20.02 WOODBRIDGE - ---------- 581 Main Street....................... 1991 200,000 100.0 4,868 0.98 24.34 MONMOUTH COUNTY, NEW JERSEY NEPTUNE - ------- 3600 Route 66......................... 1989 180,000 100.0 2,410 0.48 13.39 WALL TOWNSHIP - ------------- 1305 Campus Parkway................... 1988 23,350 92.4 395 0.08 18.31 1350 Campus Parkway................... 1990 79,747 99.9 1,459 0.29 18.31 MORRIS COUNTY, NEW JERSEY FLORHAM PARK - ------------ 325 Columbia Turnpike................. 1987 168,144 100.0 4,394 0.88 26.13 MORRIS PLAINS - ------------- 250 Johnson Road...................... 1977 75,000 100.0 1,594 0.32 21.25 201 Littleton Road.................... 1979 88,369 80.3 1,737 0.35 24.48 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 3,338 0.67 26.07 6 Campus Drive (e).................... 1983 148,291 80.7 3,521 0.71 29.42 7 Campus Drive........................ 1982 154,395 100.0 2,040 0.41 13.21 8 Campus Drive........................ 1987 215,265 100.0 5,670 1.14 26.34 9 Campus Drive (e).................... 1983 156,495 96.7 4,530 0.91 29.93 2 Dryden Way.......................... 1990 6,216 100.0 93 0.02 14.96 4 Gatehall Drive...................... 1988 248,480 91.2 5,880 1.18 25.95 2 Hilton Court........................ 1991 181,592 100.0 4,558 0.91 25.10 600 Parsippany Road................... 1978 96,000 78.2 1,608 0.32 21.42 1 Sylvan Way.......................... 1989 150,557 100.0 3,512 0.70 23.33 5 Sylvan Way.......................... 1989 151,383 100.0 4,011 0.80 26.50 7 Sylvan Way.......................... 1987 145,983 100.0 2,920 0.59 20.00

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 44 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- PASSAIC COUNTY, NEW JERSEY CLIFTON - -------- 777 Passaic Avenue.................... 1983 75,000 97.9 1,471 0.29 20.03 TOTOWA - ------ 999 Riverview Drive................... 1988 56,066 65.0 770 0.15 21.13 WAYNE - ----- 201 Willowbrook Boulevard............. 1970 178,329 49.1 1,868 0.37 21.33 SOMERSET COUNTY, NEW JERSEY BASKING RIDGE - ------------- 222 Mt. Airy Road..................... 1986 49,000 100.0 737 0.15 15.04 233 Mt. Airy Road..................... 1987 66,000 100.0 1,643 0.33 24.89 BERNARDS - -------- 106 Allen Road (c).................... 2000 132,010 66.7 2,278 0.46 25.87 BRIDGEWATER - ----------- 721 Route 202/206..................... 1989 192,741 100.0 4,429 0.88 22.98 UNION COUNTY, NEW JERSEY CLARK - ----- 100 Walnut Avenue..................... 1985 182,555 95.7 4,286 0.86 24.53 CRANFORD - -------- 6 Commerce Drive...................... 1973 56,000 93.1 1,074 0.22 20.60 11 Commerce Drive (f)................. 1981 90,000 95.8 1,034 0.21 11.99 12 Commerce Drive..................... 1967 72,260 84.1 943 0.19 15.52 20 Commerce Drive..................... 1990 176,600 100.0 4,307 0.85 24.39 65 Jackson Drive...................... 1984 82,778 100.0 1,719 0.34 20.77 NEW PROVIDENCE - -------------- 890 Mountain Road..................... 1977 80,000 100.0 2,159 0.43 26.99 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL NEW JERSEY OFFICE 12,103,070 95.3 252,853 50.70 21.93 - ---------------------------------------------------------------------------------------------------------------------------- DUTCHESS COUNTY, NEW YORK FISHKILL - -------- 300 South Lake Drive.................. 1987 118,727 92.4 2,157 0.43 19.66 NASSAU COUNTY, NEW YORK NORTH HEMPSTEAD - --------------- 600 Community Drive (g)............... 1983 237,274 100.0 5,476 1.10 23.08 111 East Shore Road................... 1980 55,575 100.0 1,518 0.30 27.31 ROCKLAND COUNTY, NEW YORK SUFFERN - ------- 400 Rella Boulevard................... 1988 180,000 100.0 4,020 0.81 22.33 WESTCHESTER COUNTY, NEW YORK ELMSFORD - -------- 100 Clearbrook Road (f)............... 1975 60,000 100.0 919 0.18 15.32 101 Executive Boulevard............... 1971 50,000 83.8 842 0.17 20.10 555 Taxter Road....................... 1986 170,554 99.7 4,003 0.80 23.54 565 Taxter Road....................... 1988 170,554 90.5 3,742 0.75 24.24

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 45 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- 570 Taxter Road....................... 1972 75,000 96.1 1,621 0.31 22.49 HAWTHORNE - --------- 1 Skyline Drive....................... 1980 20,400 99.0 310 0.06 15.35 2 Skyline Drive....................... 1987 30,000 98.9 477 0.10 16.08 7 Skyline Drive....................... 1987 109,000 92.5 2,046 0.41 20.29 17 Skyline Drive...................... 1989 85,000 100.0 1,360 0.27 16.00 19 Skyline Drive...................... 1982 248,400 100.0 4,468 0.90 17.99 TARRYTOWN - --------- 200 White Plains Road................. 1982 89,000 77.0 1,460 0.29 21.30 220 White Plains Road................. 1984 89,000 95.1 2,175 0.44 25.70 WHITE PLAINS - ------------ 1 Barker Avenue....................... 1975 68,000 99.0 1,687 0.34 25.06 3 Barker Avenue....................... 1983 65,300 93.5 1,213 0.24 19.87 50 Main Street........................ 1985 309,000 99.8 8,466 1.70 27.45 11 Martine Avenue..................... 1987 180,000 100.0 4,530 0.91 25.17 1 Water Street........................ 1979 45,700 68.1 968 0.19 31.10 YONKERS - ------- 1 Executive Boulevard................. 1982 112,000 97.7 2,555 0.51 23.35 3 Executive Plaza..................... 1987 58,000 100.0 1,430 0.29 24.66 - --------------------------------------------------------------------------------------------------------------------------- TOTAL NEW YORK OFFICE 2,626,484 96.5 57,443 11.50 22.67 - --------------------------------------------------------------------------------------------------------------------------- CHESTER COUNTY, PENNSYLVANIA BERWYN - ------ 1000 Westlakes Drive.................. 1989 60,696 93.4 1,541 0.31 27.18 1055 Westlakes Drive.................. 1990 118,487 52.0 1,548 0.31 25.12 1205 Westlakes Drive.................. 1988 130,265 97.6 2,691 0.54 21.17 1235 Westlakes Drive.................. 1986 134,902 86.9 3,040 0.61 25.93 DELAWARE COUNTY, PENNSYLVANIA LESTER - ------ 100 Stevens Drive..................... 1986 95,000 100.0 2,561 0.51 26.96 200 Stevens Drive..................... 1987 208,000 100.0 5,548 1.11 26.67 300 Stevens Drive..................... 1992 68,000 52.2 1,201 0.24 33.83 MEDIA - ----- 1400 Providence Road - Center I....... 1986 100,000 88.1 2,025 0.41 22.99 1400 Providence Road - Center II...... 1990 160,000 78.3 2,833 0.57 22.61 MONTGOMERY COUNTY, PENNSYLVANIA LOWER PROVIDENCE - ---------------- 1000 Madison Avenue................... 1990 100,700 89.4 1,852 0.37 20.57 PLYMOUTH MEETING - ---------------- 1150 Plymouth Meeting Mall............ 1970 167,748 97.1 3,656 0.73 22.45 Five Sentry Parkway East.............. 1984 91,600 100.0 1,800 0.36 19.65 Five Sentry Parkway West.............. 1984 38,400 100.0 832 0.17 21.67 - --------------------------------------------------------------------------------------------------------------------------- TOTAL PENNSYLVANIA OFFICE 1,473,798 88.0 31,128 6.24 23.99 - --------------------------------------------------------------------------------------------------------------------------- FAIRFIELD COUNTY, CONNECTICUT GREENWICH - --------- 500 West Putnam Avenue................ 1973 121,250 96.0 3,072 0.62 26.39

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 46 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- NORWALK - ------- 40 Richards Avenue.................... 1985 145,487 90.4 3,256 0.65 24.76 SHELTON - -------- 1000 Bridgeport Avenue................ 1986 133,000 100.0 2,539 0.51 19.09 - --------------------------------------------------------------------------------------------------------------------------- TOTAL CONNECTICUT OFFICE 399,737 95.3 8,867 1.78 23.28 - --------------------------------------------------------------------------------------------------------------------------- WASHINGTON, D.C. 1201 Connecticut Avenue, NW........... 1940 169,549 100.0 5,155 1.03 30.40 1400 L Street, NW..................... 1987 159,000 100.0 6,187 1.24 38.91 - --------------------------------------------------------------------------------------------------------------------------- TOTAL DISTRICT OF COLUMBIA OFFICE 328,549 100.0 11,342 2.27 34.52 - --------------------------------------------------------------------------------------------------------------------------- PRINCE GEORGE'S COUNTY, MARYLAND LANHAM - ------ 4200 Parliament Place................. 1989 122,000 95.2 2,597 0.52 22.36 - --------------------------------------------------------------------------------------------------------------------------- TOTAL MARYLAND OFFICE 122,000 95.2 2,597 0.52 22.36 - --------------------------------------------------------------------------------------------------------------------------- BEXAR COUNTY, TEXAS SAN ANTONIO - ----------- 84 N.E. Loop 410...................... 1971 187,312 91.6 2,727 0.55 15.89 111 Soledad........................... 1918 248,153 54.4 1,729 0.35 12.81 COLLIN COUNTY, TEXAS PLANO - ----- 555 Republic Place.................... 1986 97,889 94.2 1,329 0.27 14.41 DALLAS COUNTY, TEXAS DALLAS - ------ 3030 LBJ Freeway (f).................. 1984 367,018 86.3 6,554 1.31 20.69 3100 Monticello....................... 1984 173,837 84.5 2,606 0.52 17.74 IRVING - ------ 2300 Valley View...................... 1985 142,634 84.1 2,451 0.49 20.43 RICHARDSON - ---------- 1122 Alma Road........................ 1977 82,576 100.0 607 0.12 7.35 HARRIS COUNTY, TEXAS HOUSTON - ------- 5300 Memorial......................... 1982 155,099 85.8 2,261 0.45 16.99 1717 St. James Place.................. 1975 109,574 93.8 1,514 0.30 14.73 1770 St. James Place.................. 1973 103,689 66.7 1,226 0.25 17.73 10497 Town & Country Way.............. 1981 148,434 83.9 1,787 0.36 14.35 TARRANT COUNTY, TEXAS EULESS - ------- 150 West Parkway...................... 1984 74,429 96.7 1,101 0.22 15.30 - --------------------------------------------------------------------------------------------------------------------------- TOTAL TEXAS OFFICE 1,890,644 82.9 25,892 5.19 16.53 - ---------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 47 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- MARICOPA COUNTY, ARIZONA GLENDALE - -------- 5551 West Talavi Boulevard............ 1991 181,596 100.0 1,686 0.34 9.28 PHOENIX - ------- 19640 North 31st Street............... 1990 124,171 100.0 1,583 0.32 12.75 SCOTTSDALE - ---------- 9060 E. Via Linda Boulevard........... 1984 111,200 100.0 2,434 0.49 21.89 - --------------------------------------------------------------------------------------------------------------------------- TOTAL ARIZONA OFFICE 416,967 100.0 5,703 1.15 13.68 - --------------------------------------------------------------------------------------------------------------------------- ARAPAHOE COUNTY, COLORADO AURORA - ------ 750 South Richfield Street............ 1997 108,240 100.0 2,891 0.58 26.71 DENVER - ------ 400 South Colorado Boulevard.......... 1983 125,415 97.5 2,225 0.45 18.20 ENGLEWOOD - --------- 9359 East Nichols Avenue.............. 1997 72,610 100.0 896 0.18 12.34 5350 South Roslyn Street.............. 1982 63,754 80.2 1,244 0.25 24.33 BOULDER COUNTY, COLORADO BROOMFIELD - ---------- 105 South Technology Court............ 1997 37,574 100.0 564 0.11 15.01 303 South Technology Court-A.......... 1997 34,454 100.0 405 0.08 11.75 303 South Technology Court-B.......... 1997 40,416 100.0 475 0.10 11.75 LOUISVILLE - ---------- 248 Centennial Parkway................ 1996 39,266 100.0 524 0.11 13.34 1172 Century Drive.................... 1996 49,566 100.0 662 0.13 13.36 285 Century Place..................... 1997 69,145 100.0 1,103 0.22 15.95 DENVER COUNTY, COLORADO DENVER - ------ 3600 South Yosemite................... 1974 133,743 100.0 1,370 0.27 10.24 DOUGLAS COUNTY, COLORADO ENGLEWOOD - --------- 8181 East Tufts Avenue (e)............ 2001 185,254 74.5 3,379 0.68 24.48 400 Inverness Drive................... 1997 111,608 100.0 2,209 0.44 19.79 67 Inverness Drive East............... 1996 54,280 0.0 326 0.07 0.00 384 Inverness Drive South............. 1985 51,523 78.4 707 0.14 17.50 5975 South Quebec Street (f).......... 1996 102,877 58.1 1,568 0.31 26.23 PARKER - ------ 9777 Mount Pyramid Court.............. 1995 120,281 100.0 1,389 0.28 11.55 EL PASO COUNTY, COLORADO COLORADO SPRINGS - ---------------- 8415 Explorer......................... 1998 47,368 100.0 600 0.12 12.67 1975 Research Parkway................. 1997 115,250 100.0 1,688 0.34 14.65 2375 Telstar Drive.................... 1998 47,369 100.0 600 0.12 12.67

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 48 PROPERTY LISTING OFFICE PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE 2002 OFFICE, 2002 NET LEASED BASE OFFICE/FLEX AVERAGE RENTABLE AS OF RENT AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 ($000'S) WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) (b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- JEFFERSON COUNTY, COLORADO LAKEWOOD - -------- 141 Union Boulevard................... 1985 63,600 100.0 1,148 0.23 18.05 - --------------------------------------------------------------------------------------------------------------------------- TOTAL COLORADO OFFICE 1,673,593 89.8 25,973 5.21 17.29 - --------------------------------------------------------------------------------------------------------------------------- SAN FRANCISCO COUNTY, CALIFORNIA SAN FRANCISCO - ------------- 795 Folsom Street..................... 1977 183,445 100.0 7,596 1.52 41.41 760 Market Street..................... 1908 267,446 96.6 8,660 1.74 33.52 - --------------------------------------------------------------------------------------------------------------------------- TOTAL CALIFORNIA OFFICE 450,891 98.0 16,256 3.26 36.80 - --------------------------------------------------------------------------------------------------------------------------- HILLSBOROUGH COUNTY, FLORIDA TAMPA - ------ 501 Kennedy Boulevard................. 1982 297,429 88.0 3,842 0.77 14.68 - --------------------------------------------------------------------------------------------------------------------------- TOTAL FLORIDA OFFICE 297,429 88.0 3,842 0.77 14.68 - --------------------------------------------------------------------------------------------------------------------------- TOTAL OFFICE PROPERTIES 21,783,162 93.5 441,896 88.59 $21.69 ===========================================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 49 PROPERTY LISTING OFFICE/FLEX PROPERTIES

PERCENTAGE OF TOTAL 2002 PERCENTAGE OFFICE, 2002 NET LEASED 2002 OFFICE/FLEX AVERAGE RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S) (b)(c) BASE RENT (%) ($) (c)(d) - -------------------------------------------------------------------------------------------------------------------------------- BURLINGTON COUNTY, NEW JERSEY BURLINGTON - ---------- 3 Terri Lane.......................... 1991 64,500 61.4 283 0.06 7.15 5 Terri Lane.......................... 1992 74,555 82.2 516 0.10 8.42 MOORESTOWN - ---------- 2 Commerce Drive...................... 1986 49,000 100.0 385 0.08 7.86 101 Commerce Drive.................... 1988 64,700 100.0 336 0.07 5.19 102 Commerce Drive.................... 1987 38,400 100.0 194 0.04 5.05 201 Commerce Drive.................... 1986 38,400 100.0 204 0.04 5.31 202 Commerce Drive.................... 1988 51,200 25.3 229 0.05 17.68 1 Executive Drive..................... 1989 20,570 100.0 210 0.04 10.21 2 Executive Drive .................... 1988 60,800 81.6 404 0.08 8.14 101 Executive Drive................... 1990 29,355 100.0 273 0.05 9.30 102 Executive Drive................... 1990 64,000 100.0 387 0.08 6.05 225 Executive Drive................... 1990 50,600 100.0 332 0.07 6.56 97 Foster Road........................ 1982 43,200 50.0 186 0.04 8.61 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 52,810 100.0 375 0.08 7.10 1247 North Church Street (e).......... 1998 52,790 100.0 461 0.09 8.73 1256 North Church Street.............. 1984 63,495 100.0 272 0.05 4.28 840 North Lenola Road................. 1995 38,300 100.0 209 0.04 5.46 844 North Lenola Road................. 1995 28,670 100.0 218 0.04 7.60 915 North Lenola Road................. 1998 52,488 100.0 273 0.05 5.20 2 Twosome Drive (e)................... 2000 48,600 100.0 390 0.08 8.02 30 Twosome Drive...................... 1997 39,675 89.9 214 0.04 6.00 31 Twosome Drive ..................... 1998 84,200 100.0 438 0.09 5.20 40 Twosome Drive...................... 1996 40,265 93.4 267 0.05 7.10 41 Twosome Drive...................... 1998 43,050 89.2 290 0.06 7.55 50 Twosome Drive...................... 1997 34,075 86.6 256 0.05 8.68 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 13,275 100.0 192 0.04 14.46 200 Horizon Drive..................... 1991 45,770 100.0 530 0.11 11.58 300 Horizon Drive..................... 1989 69,780 86.4 1,141 0.23 18.93 500 Horizon Drive..................... 1990 41,205 100.0 423 0.08 10.27 MONMOUTH COUNTY, NEW JERSEY WALL TOWNSHIP - ------------- 1325 Campus Parkway................... 1988 35,000 100.0 466 0.09 13.31 1340 Campus Parkway................... 1992 72,502 100.0 859 0.17 11.85 1345 Campus Parkway................... 1995 76,300 75.1 697 0.14 12.16 1433 Highway 34....................... 1985 69,020 65.1 646 0.13 14.38 1320 Wyckoff Avenue................... 1986 20,336 100.0 176 0.04 8.65 1324 Wyckoff Avenue................... 1987 21,168 100.0 220 0.04 10.39

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 50 PROPERTY LISTING OFFICE/FLEX PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE OFFICE, 2002 NET LEASED 2002 OFFICE/FLEX AVERAGE RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S) (b)(c) BASE RENT (%) ($) (c)(d) - ------------------------------------------------------------------------------------------------------------------------------ PASSAIC COUNTY, NEW JERSEY TOTOWA - ------ 1 Center Court........................ 1999 38,961 100.0 454 0.09 11.65 2 Center Court........................ 1998 30,600 99.3 348 0.07 11.45 11 Commerce Way....................... 1989 47,025 100.0 505 0.10 10.74 20 Commerce Way....................... 1992 42,540 75.9 389 0.08 12.05 29 Commerce Way....................... 1990 48,930 100.0 313 0.06 6.40 40 Commerce Way....................... 1987 50,576 100.0 538 0.11 10.64 45 Commerce Way....................... 1992 51,207 100.0 504 0.10 9.84 60 Commerce Way....................... 1988 50,333 93.1 451 0.09 9.62 80 Commerce Way....................... 1996 22,500 100.0 282 0.06 12.53 100 Commerce Way...................... 1996 24,600 100.0 308 0.06 12.52 120 Commerce Way...................... 1994 9,024 100.0 100 0.02 11.08 140 Commerce Way...................... 1994 26,881 99.5 299 0.06 11.18 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL NEW JERSEY OFFICE/FLEX 2,277,531 91.6 18,100 3.62 8.68 - ------------------------------------------------------------------------------------------------------------------------------ WESTCHESTER COUNTY, NEW YORK ELMSFORD - -------- 11 Clearbrook Road................... 1974 31,800 100.0 380 0.08 11.95 75 Clearbrook Road................... 1990 32,720 100.0 815 0.16 24.91 150 Clearbrook Road.................. 1975 74,900 100.0 1,117 0.22 14.91 175 Clearbrook Road.................. 1973 98,900 98.5 1,499 0.30 15.39 200 Clearbrook Road.................. 1974 94,000 99.8 1,209 0.24 12.89 250 Clearbrook Road.................. 1973 155,000 94.5 1,349 0.27 9.21 50 Executive Boulevard............... 1969 45,200 75.8 254 0.05 7.41 77 Executive Boulevard............... 1977 13,000 100.0 140 0.03 10.77 85 Executive Boulevard............... 1968 31,000 99.4 440 0.09 14.28 300 Executive Boulevard.............. 1970 60,000 100.0 640 0.13 10.67 350 Executive Boulevard.............. 1970 15,400 98.8 247 0.05 16.23 399 Executive Boulevard.............. 1962 80,000 100.0 973 0.20 12.16 400 Executive Boulevard.............. 1970 42,200 100.0 656 0.13 15.55 500 Executive Boulevard.............. 1970 41,600 100.0 657 0.13 15.79 525 Executive Boulevard.............. 1972 61,700 100.0 890 0.18 14.42 1 Westchester Plaza.................. 1967 25,000 100.0 307 0.06 12.28 2 Westchester Plaza.................. 1968 25,000 100.0 455 0.09 18.20 3 Westchester Plaza.................. 1969 93,500 91.4 1,366 0.27 15.98 4 Westchester Plaza.................. 1969 44,700 99.8 627 0.13 14.05 5 Westchester Plaza.................. 1969 20,000 100.0 283 0.06 14.15 6 Westchester Plaza.................. 1968 20,000 100.0 312 0.06 15.60 7 Westchester Plaza.................. 1972 46,200 100.0 654 0.13 14.16 8 Westchester Plaza.................. 1971 67,200 100.0 897 0.18 13.35 HAWTHORNE - --------- 200 Saw Mill River Road.............. 1965 51,100 100.0 654 0.13 12.80 4 Skyline Drive...................... 1987 80,600 100.0 1,462 0.29 18.14 5 Skyline Drive (e).................. 1980 124,022 100.0 1,587 0.32 12.80 6 Skyline Drive (e).................. 1980 44,155 100.0 728 0.15 16.50 8 Skyline Drive...................... 1985 50,000 98.7 561 0.11 11.37 10 Skyline Drive..................... 1985 20,000 100.0 284 0.06 14.20 11 Skyline Drive..................... 1989 45,000 100.0 730 0.15 16.22

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 51 PROPERTY LISTING OFFICE/FLEX PROPERTIES (CONTINUED)

PERCENTAGE OF TOTAL 2002 PERCENTAGE OFFICE, 2002 NET LEASED 2002 OFFICE/FLEX AVERAGE RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S) (b)(c) BASE RENT (%) ($) (c)(d) - ------------------------------------------------------------------------------------------------------------------------------ 12 Skyline Drive..................... 1999 46,850 100.0 806 0.16 17.20 15 Skyline Drive...................... 1989 55,000 100.0 983 0.20 17.87 YONKERS - ------- 100 Corporate Boulevard............... 1987 78,000 98.2 1,361 0.27 17.77 200 Corporate Boulevard South......... 1990 84,000 99.8 1,378 0.28 16.44 4 Executive Plaza..................... 1986 80,000 99.0 988 0.20 12.47 6 Executive Plaza..................... 1987 80,000 100.0 1,190 0.24 14.88 1 Odell Plaza......................... 1980 106,000 90.8 1,252 0.25 13.01 5 Odell Plaza......................... 1983 38,400 99.6 613 0.12 16.03 7 Odell Plaza......................... 1984 42,600 95.9 656 0.13 16.06 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL NEW YORK OFFICE/FLEX 2,244,747 98.0 31,400 6.30 14.27 - ------------------------------------------------------------------------------------------------------------------------------ FAIRFIELD COUNTY, CONNECTICUT STAMFORD - -------- 419 West Avenue....................... 1986 88,000 100.0 1,206 0.24 13.70 500 West Avenue....................... 1988 25,000 74.9 318 0.06 16.98 550 West Avenue....................... 1990 54,000 100.0 875 0.18 16.20 600 West Avenue....................... 1999 66,000 100.0 826 0.17 12.52 650 West Avenue....................... 1998 40,000 100.0 540 0.11 13.50 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL CONNECTICUT OFFICE/FLEX 273,000 97.7 3,765 0.76 14.12 - ------------------------------------------------------------------------------------------------------------------------------ TOTAL OFFICE/FLEX PROPERTIES 4,795,278 94.9 53,265 10.68 11.70 ==============================================================================================================================

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 52 PROPERTY LISTING INDUSTRIAL/WAREHOUSE PROPERTIES

PERCENTAGE OF TOTAL 2002 PERCENTAGE OFFICE, 2002 NET LEASED 2002 OFFICE/FLEX AVERAGE RENTABLE AS OF BASE AND INDUSTRIAL/ BASE RENT PROPERTY YEAR AREA 3/31/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - ------------------------------------------------------------------------------------------------------------------------------- WESTCHESTER COUNTY, NEW YORK ELMSFORD - -------- 1 Warehouse Lane...................... 1957 6,600 100.0 72 0.01 10.91 2 Warehouse Lane...................... 1957 10,900 96.3 107 0.02 10.19 3 Warehouse Lane...................... 1957 77,200 100.0 290 0.06 3.76 4 Warehouse Lane...................... 1957 195,500 98.8 1,944 0.38 10.06 5 Warehouse Lane...................... 1957 75,100 97.1 776 0.16 10.64 6 Warehouse Lane...................... 1982 22,100 100.0 511 0.10 23.12 - ------------------------------------------------------------------------------------------------------------------------------- TOTAL INDUSTRIAL/WAREHOUSE PROPERTIES 387,400 98.7 3,700 0.73 9.67 - ------------------------------------------------------------------------------------------------------------------------------- TOTAL OFFICE, OFFICE/FLEX, AND INDUSTRIAL/WAREHOUSE PROPERTIES 26,965,840 93.9 498,861 100.00 19.70 ===============================================================================================================================

(a) Based on all leases in effect as of March 31, 2002. (b) Total base rent for 12 months ended March 31, 2002, determined in accordance with generally accepted accounting principles ("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) Calculation based on square feet in service as of March 31, 2002. (d) Base rent for 12 months ended March 31, 2002 divided by net rentable square feet leased at March 31, 2002. For those properties acquired or placed in service during the 12 months ended March 31, 2002, amounts are annualized, as per Note (e). (e) As this property was acquired or placed in service by the Company during the 12 months ended March 31, 2002, the amounts represented for base rent are annualized. These 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 March 31, 2002. (f) Excludes space leased by the Company. (g) The Company constructed an expansion to this building increasing its size by 31,000 square feet. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 53 SIGNIFICANT TENANTS The following table sets forth a schedule of the Company's 20 largest tenants for the Consolidated Properties as of March 31, 2002, based upon annualized base rents:

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 9,819,454 2.0 395,955 1.6 2007(b) Donaldson, Lufkin & Jenrette Securities Corp. 1 8,239,770 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 7,017,899 1.4 303,149 1.2 2015 Prentice-Hall Inc. 1 6,744,495 1.4 474,801 1.9 2014 IBM Corporation 3 6,250,705 1.3 353,617 1.4 2007(d) Nabisco Inc. 3 6,066,357 1.2 340,746 1.4 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 1.0 2014 Allstate Insurance Company 9 4,809,510 1.0 224,321 0.9 2009(f) Winston & Strawn 1 4,481,692 0.9 108,100 0.4 2005 Dean Witter Trust Company 1 4,319,508 0.9 221,019 0.9 2008 Morgan Stanley Dean Witter, Inc. 5 4,025,077 0.8 163,253 0.7 2010(g) Move.com Operations, Inc. 1 3,891,597 0.8 94,917 0.4 2006 Regus Business Centre Corp. 3 3,719,369 0.8 107,608 0.4 2011(h) KPMG, LLP 2 3,656,455 0.7 143,714 0.6 2012(i) Bank of Tokyo - Mitsubishi Ltd. 1 3,378,923 0.7 137,076 0.5 2009 Bankers Trust Harborside 1 3,272,500 0.7 385,000 1.5 2003 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 107,418,189 22.0 5,089,289 20.4 ===================================================================================================================================

(a) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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) 20,218 square feet expire January 2005; 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) 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; 50,025 square feet expire April 2008; 11,500 square feet expire April 2009. (g) 7,500 square feet expire September 2003; 18,539 square feet expire April 2005; 85,151 square feet expire February 2008; 19,500 square feet expire June 2008; 7,000 square feet expire October 2009; 25,563 square feet expire January 2010. (h) 27,803 square feet expire January 2011; 38,930 square feet expire April 2011; 40,875 square feet expire June 2011. (i) 15,113 square feet expire September 2002; 57,204 square feet expire July 2007; 71,397 square feet expire September 2012. - ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 54 SCHEDULE OF LEASE EXPIRATIONS ALL CONSOLIDATED PROPERTIES The following table sets forth a schedule of 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 April 1, 2002, assuming that none of the tenants exercise renewal options:

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 (%) - ------------------------------------------------------------------------------------------------------------------------------------ 2002 313 1,578,857 6.3 27,957,727 17.71 5.7 2003 476 3,640,655 14.6 62,565,145 17.19 12.8 2004 398 2,386,601 9.6 46,584,068 19.52 9.5 2005 411 3,351,768 13.4 66,213,154 19.75 13.6 2006 343 2,741,455 11.0 57,192,306 20.86 11.7 2007 210 2,490,020 10.0 51,546,683 20.70 10.6 2008 109 1,606,749 6.4 28,782,297 17.91 5.9 2009 66 1,430,459 5.7 27,083,348 18.93 5.6 2010 90 1,235,874 5.0 24,129,787 19.52 4.9 2011 70 1,572,774 6.3 37,646,140 23.94 7.7 2012 33 984,810 4.0 21,759,506 22.10 4.5 2013 and thereafter 28 1,931,363 7.7 36,554,066 18.93 7.5 - ------------------------------------------------------------------------------------------------------------------------------------ Totals/Weighted Average 2,547 24,951,385 100.0 488,014,227 19.56 100.0 ====================================================================================================================================

(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 March 31, 2002. (c) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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:

SQUARE FEET ----------- Square footage leased to commercial tenants 24,951,385 Square footage used for corporate offices, management offices, building use, retail tenants, food services, other ancillary service tenants and occupancy adjustments 377,996 Square footage unleased 1,653,759 ----------- Total net rentable square footage (does not include residential, land lease, or not-in-service properties) 26,983,140 ===========

- ------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended March 31, 2002 55 SCHEDULE OF LEASE EXPIRATIONS OFFICE PROPERTIES The following table sets forth a schedule of lease expirations for the office properties beginning April 1, 2002, assuming that none of the tenants exercise renewal options:

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 (%) - ------------------------------------------------------------------------------------------------------------------------------------ 2002 244 1,158,432 5.8 23,354,665 20.16 5.4 2003 379 2,827,397 14.1 54,566,341 19.30 12.7 2004 326 1,737,677 8.7 39,078,879 22.49 9.1 2005 330 2,631,482 13.2 57,995,761 22.04 13.5 2006 286 2,238,668 11.2 50,687,860 22.64 11.8 2007 173 1,989,100 10.0 45,175,628 22.71 10.5 2008 91 1,288,636 6.4 25,706,857 19.95 6.0 2009 48 1,255,671 6.3 24,908,629 19.84 5.8 2010 58 841,337 4.2 17,976,941 21.37 4.2 2011 58 1,386,840 6.9 34,980,932 25.22 8.2 2012 24 876,853 4.4 20,441,249 23.31 4.8 2013 and thereafter 23 1,764,928 8.8 34,548,694 19.58 8.0 - ------------------------------------------------------------------------------------------------------------------------------------ Totals/Weighted Average 2,040 19,997,021 100.0 429,422,436 21.47 100.0 ====================================================================================================================================

(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 March 31, 2002. (c) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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 March 31, 2002 56 SCHEDULE OF LEASE EXPIRATIONS OFFICE/FLEX PROPERTIES The following table sets forth a schedule of lease expirations for the office/flex properties beginning April 1, 2002, assuming that none of the tenants exercise renewal options:

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 (%) - ------------------------------------------------------------------------------------------------------------------------------------ 2002 64 376,803 8.3 4,135,252 10.97 7.6 2003 92 712,284 15.6 7,449,441 10.46 13.7 2004 64 456,104 10.0 5,177,869 11.35 9.5 2005 75 685,204 15.0 7,827,734 11.42 14.4 2006 57 502,787 11.0 6,504,446 12.94 11.9 2007 36 493,320 10.8 6,283,655 12.74 11.5 2008 18 318,113 7.0 3,075,440 9.67 5.6 2009 17 162,988 3.6 2,068,519 12.69 3.8 2010 32 394,537 8.7 6,152,846 15.60 11.3 2011 12 185,934 4.1 2,665,208 14.33 4.9 2012 9 107,957 2.4 1,318,257 12.21 2.4 2013 and thereafter 4 158,435 3.5 1,830,372 11.55 3.4 - ------------------------------------------------------------------------------------------------------------------------------------ Totals/Weighted Average 480 4,554,466 100.0 54,489,039 11.96 100.0 ====================================================================================================================================

(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 March 31, 2002. (c) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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 March 31, 2002 57 SCHEDULE OF LEASE EXPIRATIONS INDUSTRIAL/WAREHOUSE PROPERTIES The following table sets forth a schedule of lease expirations for the industrial/warehouse properties beginning April 1, 2002, assuming that none of the tenants exercise renewal options:

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 (%) - ------------------------------------------------------------------------------------------------------------------------------------ 2002 5 43,622 11.4 467,810 10.72 12.5 2003 5 100,974 26.4 549,363 5.44 14.7 2004 7 183,520 48.0 2,132,320 11.62 57.1 2005 6 35,082 9.1 389,659 11.11 10.4 2007 1 7,600 2.0 87,400 11.50 2.4 2009 1 11,800 3.1 106,200 9.00 2.9 - ------------------------------------------------------------------------------------------------------------------------------------ Totals/Weighted Average 25 382,598 100.0 3,732,752 9.76 100.0 ====================================================================================================================================

(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 March 31, 2002. (c) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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, the historical results may differ from those set forth above. STAND-ALONE RETAIL PROPERTIES The following table sets forth a schedule of lease expirations for the stand-alone retail properties beginning April 1, 2002, assuming that none of the tenants exercise renewal options:

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 (%) LEASES ($) (b) LEASES ($) LEASES (%) - ---------------------------------------------------------------------------------------------------------------------------------- 2004 1 9,300 53.8 195,000 20.97 52.7 2013 and thereafter 1 8,000 46.2 175,000 21.87 47.3 - ---------------------------------------------------------------------------------------------------------------------------------- Totals/Weighted Average 2 17,300 100.0 370,000 21.39 100.0 ==================================================================================================================================

(a) Includes stand-alone retail property tenants only. (b) Annualized base rental revenue is based on actual March 2002 billings times 12. For leases whose rent commences after April 1, 2002, 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 March 31, 2002 58