EXHIBIT 99.1 [MACK-CALI REALTY CORPORATION LOGO] SECOND 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. THE INFORMATION IN THIS SUPPLEMENTAL PACKAGE MUST BE READ IN CONJUNCTION WITH, AND IS MODIFIED IN ITS ENTIRETY BY, THE QUARTERLY REPORT ON FORM 10-Q (THE "10-Q") FILED BY THE COMPANY FOR THE SAME PERIOD WITH THE SECURITIES AND EXCHANGE COMMISSION (THE "SEC") AND ALL OF THE COMPANY'S OTHER PUBLIC FILINGS WITH THE SEC (THE "PUBLIC FILINGS"). IN PARTICULAR, THE FINANCIAL INFORMATION CONTAINED HEREIN IS SUBJECT TO AND QUALIFIED BY REFERENCE TO THE FINANCIAL STATEMENTS CONTAINED IN THE 10-Q, THE FOOTNOTES THERETO AND THE LIMITATIONS SET FORTH THEREIN. INVESTORS MAY NOT RELY ON THE SUPPLEMENTAL PACKAGE WITHOUT REFERENCE TO THE 10-Q AND THE PUBLIC FILINGS. ANY INVESTORS' RECEIPT OF, OR ACCESS TO, THE INFORMATION CONTAINED HEREIN IS SUBJECT TO THIS QUALIFICATION. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 1 INDEX

PAGE(S) ------- I. COMPANY BACKGROUND - - About the Company/Other Corporate Data..................................................................5 - - Board of Directors/Executive Officers...................................................................6 - - Equity Research Coverage/Company Contact Information....................................................7 II. FINANCIAL HIGHLIGHTS - - Quarterly Summary.......................................................................................9 - - Property Sales/Acquisitions/Development................................................................10 - - Leasing Information....................................................................................11 - - Key Financial Data.....................................................................................12 - - Same-Store Results and Analysis........................................................................13 - - Unconsolidated Joint Ventures Summary...............................................................14-17 - - Select Financial Ratios................................................................................18 - - Debt Analysis: - Debt Breakdown/Future Repayments....................................................................19 - Debt Maturities.....................................................................................20 - Debt Detail.........................................................................................21 III. FINANCIAL STATEMENTS - - Consolidated Statements of Operations..................................................................23 - - Consolidated Balance Sheets............................................................................24 - - Consolidated Statement of Changes in Stockholders' Equity..............................................25 - - Statements of Funds from Operations and Cash Available for Distribution................................26 - - Reconciliation of Basic-to-Diluted Shares/Units........................................................27 IV. VALUE CREATION PIPELINE - - Operating Property Acquisitions .......................................................................29 - - Properties Placed in Service...........................................................................30 - - Summary of Construction Projects/Summary of Development Properties in Lease-Up.........................31 - - Summary of Land Parcels................................................................................32 - - Rental Property Sales..................................................................................33 V. PORTFOLIO/ LEASING STATISTICS - - Leasing Statistics..................................................................................35-40 - - Market Diversification (MSA's).........................................................................41 - - Industry Diversification (Top 30 Tenant Industries)....................................................42 - - Consolidated Portfolio Analyses: BREAKDOWN BY: (a) Number of Properties............................................................................43 (b) Square Footage..................................................................................44 (c) Base Rental Revenue.............................................................................45 (d) Percentage Leased...............................................................................46 - - Consolidated Property Listing (by Property Type)....................................................47-56 - - Significant Tenants (Top 20 Tenants)...................................................................57 - - Schedules of Lease Expirations (by Property Type)...................................................58-61

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 June 30, 2002 3 I. COMPANY BACKGROUND - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 June 30, 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 258 properties, primarily class A office and office/flex buildings, totaling approximately 27.6 million square feet, serving as home to approximately 2,000 tenants. The properties are located primarily in suburban markets of the Northeast, many with adjacent, Company-controlled developable land sites able to accommodate up to 9.0 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 JUNE 30, 2002) Corporate Headquarters Cranford, New Jersey Fiscal Year-End 12/31 Total Properties 258 Total Square Feet 27.6 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 7.1% Total Market Capitalization $4.2 billion Insider Ownership 17.0% Senior Debt Rating BBB (S&P and Fitch); Baa3 (Moody's) - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 June 30, 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 June 30, 2002 7 II. FINANCIAL HIGHLIGHTS - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 8 II. FINANCIAL HIGHLIGHTS QUARTERLY SUMMARY Funds from operations (FFO), after adjustment for straight-lining of rents, for the quarter ended June 30, 2002 amounted to $72.1 million, or $1.00 per share, versus $66.2 million, or $0.93 per share, for the quarter ended June 30, 2001, a per share increase of 7.5 percent. For the six months ended June 30, 2002, FFO, after adjustment for straight-lining of rents, amounted to $138.0 million, or $1.92 per share, versus $129.9 million, or $1.82 per share, for the same period last year, a per share increase of 5.5 percent. Cash available for distribution (CAD) for the second quarter 2002 equaled $61.2 million, or $0.85 per share, versus $56.3 million, or $0.79 per share, for the same quarter last year, a per share increase of 7.6 percent. For the six months ended June 30, 2002, CAD equaled $118.2 million, or $1.65 per share, versus $111.8 million, or $1.57 per share, for the same period last year, an increase of 5.1 percent on a per share basis. Total revenues for the second quarter 2002 decreased to $141.5 million from $146.4 million for the same quarter last year, a decrease of 3.3 percent. For the six months ended June 30, 2002, total revenues amounted to $284.6 million, a decrease of 1.7 percent over total revenues of $289.5 million for the same period last year. Net income for the second quarter 2002 equaled $35.0 million, or $0.61 per share, versus $57.7 million, or $0.98 per share, for the same quarter last year, a per share decrease of 37.8 percent. For the six months ended June 30, 2002, net income equaled $75.7 million, or $1.31 per share, versus $74.4 million, or $1.30 per share, for the same period last year, an increase of 0.8 percent on a per share basis. All per share amounts presented above are on a diluted basis; basic per share information is included in the accompanying financial tables. The Company had 57,666,984 shares of common stock, 7,858,490 common operating partnership units and 215,894 $1,000-face-value preferred operating partnership units outstanding as of quarter end. The outstanding preferred units are convertible into 6,230,707 common operating partnership units. Assuming conversion of all preferred units into common units, the Company had a total of 71,756,181 shares/common units outstanding at June 30, 2002. As of June 30, 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 40.9 percent at June 30, 2002. The Company had an interest coverage ratio of 3.9 times for the quarter ended June 30, 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. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 9 The following is a summary of the Company's recent activity: PROPERTY SALES During the quarter, the Company sold eight office properties, aggregating 1,010,136 square feet, and a vacant land parcel, for total sales proceeds of $83.1 million, as follows: - - In April, the Company sold a land parcel located in its Horizon Center Business Park in Hamilton Township, New Jersey, for approximately $0.8 million; - - In May, the Company sold four office buildings totaling 488,789 square feet, located in the Dallas, Texas area, in a single transaction with one buyer for approximately $34 million; - - Also in May, the Company sold 750 South Richfield Street, a 108,240 square-foot office building located in Aurora, Colorado, for approximately $21.1 million; and - - In June, the Company sold three office buildings totaling 413,107 square feet, located in Houston, Texas, in a single transaction with one buyer for approximately $27.2 million. More recently, in July, the Company sold One Mack-Cali Center, a 297,429 square-foot office building located in Tampa, Florida, for approximately $23.7 million. The building was Mack-Cali's sole asset in Florida. ACQUISITIONS In June, the Company acquired three land parcels located in Hawthorne and Yonkers, New York in one transaction for a total cost of approximately $2.6 million. DEVELOPMENT 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. Progress also continues on the Company's 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, a 350-room luxury hotel that was built on the south pier of Harborside through a joint venture between Mack-Cali and Hyatt, commenced operations in July. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 10 LEASING INFORMATION Mack-Cali's consolidated in-service portfolio was 93.9 percent leased at June 30, 2002, unchanged from March 31, 2002. For the quarter ended June 30, 2002, the Company executed 183 leases totaling 1,179,732 square feet, consisting of 836,680 square feet of office space, 292,510 square feet of office/flex space and 50,542 square feet of industrial/warehouse space. Of these totals, 498,485 square feet were for new leases and 681,247 square feet were for lease renewals and other tenant retention transactions. Highlights of the quarter's leasing transactions include: - - Cendant Operations, Inc., a subsidiary of Cendant Corporation, a provider of travel and residential real estate services, signed a six-year, 145,983 square-foot lease at 7 Sylvan Way in the Mack-Cali Business Campus in Parsippany, New Jersey. Cendant now leases 100 percent of the class A office building through 2011; - - Also in the Mack-Cali Business Campus, national insurance industry service provider GAB Robins North America, Inc. has renewed its lease of 75,049 square feet at 9 Campus Drive for five years. The 156,495 square-foot office property is 96.7 percent leased; - - Washington Mutual Bank, F.A. has leased 27,349 square feet at 100 Walnut Avenue in Clark, New Jersey for five years. The 182,555 square-foot office building is 100 percent leased; - - Meridian Health System, owner/operator of health care facilities, has leased a total of 42,616 square feet for 10 years at 1350 Campus Parkway in Wall Township, New Jersey. The transaction represents the renewal of 17,766 square feet and an expansion of 24,850 square feet. The 79,642 square-foot office building is 100 percent leased; - - Vie de France Yamazaki, Inc., the U.S. subsidiary of Yamazaki Baking Company, Ltd. of Tokyo, renewed 24,678 square feet at 525 Executive Boulevard in Elmsford, New York for five years. The 61,700 square-foot office/flex property is 100 percent leased; - - Eastern Research, Inc., a designer and manufacturer of access and internetworking products, renewed its lease for 39,000 square feet at 225 Executive Drive in Moorestown, New Jersey for three years. The 50,600 square-foot office/flex property is 100 percent leased; and - - Radio Free Europe/Radio Liberty (RFE/RL, Inc.), a private, international communications service, renewed 26,856 square feet for eight years at 1201 Connecticut Avenue N.W. in Washington, DC. The 169,549 square-foot office building is 100 percent leased. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 11 KEY FINANCIAL DATA

AS OF OR FOR THE THREE MONTHS ENDED - -------------------------------------------------------------------------------------------------------------------- 6/30/02 3/31/02 12/31/01 9/30/01 6/30/01 - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- SHARES AND UNITS: Common Shares Outstanding 57,666,984 57,197,440 56,712,270 56,333,692 56,299,124 Common Units Outstanding (a) 14,089,197 14,310,794 14,313,794 14,314,544 14,315,544 Combined Shares and Units 71,756,181 71,508,234 71,026,064 70,648,236 70,614,668 Weighted Average- Basic (b) 65,167,825 64,751,603 64,658,363 64,084,201 64,475,902 Weighted Average- Diluted (c) 71,939,617 71,461,464 71,383,413 70,761,541 71,043,756 COMMON SHARE PRICE ($'S): At the end of the period 35.1500 34.6800 31.0200 31.0000 28.4800 High during period 35.7300 34.9500 32.2000 32.0000 28.7000 Low during period 32.4500 29.9000 28.3800 27.3000 25.7900 MARKET CAPITALIZATION: ($'S IN THOUSANDS, EXCEPT RATIOS) Market Value of Equity (d) 2,522,230 2,479,906 2,203,229 2,190,095 2,011,106 Total Debt 1,705,659 1,720,864 1,700,150 1,714,418 1,720,800 Total Market Capitalization 4,227,889 4,200,770 3,903,379 3,904,513 3,731,906 Total Debt/Total Market Capitalization 40.34% 40.97% 43.56% 43.91% 46.11% FINANCIALS: ($'S IN THOUSANDS, EXCEPT RATIOS AND PER SHARE AMOUNTS) Total Assets 3,775,508 3,768,371 3,746,770 3,728,839 3,759,919 Gross Book Value of Real Estate Assets 3,771,518 3,811,356 3,791,076 3,736,121 3,781,334 Total Liabilities 1,870,549 1,870,515 1,867,938 1,854,441 1,873,998 Total Minority Interests 439,848 446,920 446,244 446,532 448,088 Total Stockholders' Equity 1,465,111 1,450,936 1,432,588 1,427,866 1,437,833 Total Revenues 141,458 143,129 141,838 144,028 146,381 Capitalized Interest 6,364 5,454 4,728 4,680 3,965 Scheduled Principal Payments 805 786 767 786 769 Interest Coverage Ratio 3.87 3.56 3.49 3.38 3.46 Fixed Charge Coverage Ratio 2.71 2.56 2.59 2.55 2.65 Funds from Operations (e) 72,135 65,882 66,274 64,328 66,172 FFO per Share--diluted (e) 1.00 0.92 0.93 0.91 0.93 Cash Available for Distribution (f) 61,219 56,998 49,424 53,491 56,312 CAD per Share--diluted (f) 0.85 0.80 0.69 0.76 0.79 Dividends Declared per Share 0.62 0.62 0.62 0.62 0.61 FFO Payout Ratio--diluted (e) 61.83% 67.25% 66.78% 68.20% 65.49% CAD Payout Ratio--diluted (f) 72.86% 77.73% 89.55% 82.02% 76.96% PORTFOLIO SIZE: Properties 258 267 267 269 269 Total Square Footage 27,585,238 28,640,016 28,371,640 28,732,553 28,528,468 Sq. Ft. Leased at End of Period (g) 93.9% 93.9% 94.6% 95.1% 96.3% - --------------------------------------------------------------------------------------------------------------------

(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 June 30, 2002 12 SAME STORE RESULTS AND ANALYSIS (DOLLARS IN THOUSANDS)

- -------------------------------------------------------------------------------------------------- FOR THE THREE MONTHS ENDED JUNE 30, % 2002 2001 CHANGE CHANGE - -------------------------------------------------------------------------------------------------- Property Revenues $130,274 $131,017 $ (743) (0.6) Less: Straight-line rent adjustment 1,078 3,791 (2,713) (71.6) ----------------------------------------------------------- Total Property Revenues 129,196 127,226 1,970 1.5 (excluding straight-line rent adjustment) Real Estate Taxes 13,850 13,794 56 0.4 Utilities 8,842 9,314 (472) (5.1) Operating Services 15,299 14,786 513 3.5 ----------------------------------------------------------- Total Property Expenses: 37,991 37,894 97 0.3 Net Operating Income $ 91,205 $ 89,332 $ 1,873 2.1 =========================================================== Percentage Leased at Period End 93.9% 95.0% ============================= Total Properties: 242 Total Square Footage: 25,198,366 - --------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------------------------- FOR THE SIX MONTHS ENDED JUNE 30, % 2002 2001 CHANGE CHANGE - -------------------------------------------------------------------------------------------------- Property Revenues $259,441 $257,699 $ 1,742 0.7 Less: Straight-line rent adjustment 3,619 6,928 (3,309) (47.8) ----------------------------------------------------------- Total Property Revenues 255,822 250,771 5,051 2.0 (excluding straight-line rent adjustment) Real Estate Taxes 27,493 27,110 383 1.4 Utilities 17,914 19,536 (1,622) (8.3) Operating Services 29,016 29,753 (737) (2.5) ----------------------------------------------------------- Total Property Expenses: 74,423 76,399 (1,976) (2.6) Net Operating Income $181,399 $174,372 $ 7,027 4.0 =========================================================== Percentage Leased at Period End 94.3% 96.5% ============================= Total Properties: 238 Total Square Footage: 24,634,862 - --------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 Stadium Gateway 1 Anaheim, CA 93.1% 273,194 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 74.1% 168,000 20.0% HPMC Pacific Plaza Phase I (b) 1 Daly City, CA 83.8% 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 (c) 1 Daly City, CA 100.0% 100,740 32.5% - ---------------------------------------------------------------------------------------------------------------------------------

(a) Property was being developed and not in service as of June 30, 2002. The joint venture also has a parking lot operation on adjacent land. (b) Property was placed in service in August 2001 and is currently in lease-up. (c) Property consists of a three-story theater and retail complex. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 June 30, 2002 and December 31, 2001:

JUNE 30, 2002 ---------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAND ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ------------------------------------------------------------------------------------------------------------------- ASSETS: Rental property, net $ -- $ -- $ 8,901 $108,416 $ 17,467 $ 36,871 $ -- Other assets -- 16,883 3,648 189 2,814 1,416 645,469 - ------------------------------------------------------------------------------------------------------------------- Total assets $ -- $ 16,883 $ 12,549 $108,605 $ 20,281 $ 38,287 $645,469 =================================================================================================================== LIABILITIES AND PARTNERS'/ MEMBERS' CAPITAL: Mortgages and loans payable $ -- $ - $ 50,000 $ - $ 15,628 $ -- $324,422 Other liabilities -- 25 1,766 6,158 73 708 3,935 Partners'/members' capital -- 16,858 (39,217) 102,447 4,580 37,579 317,112 - ------------------------------------------------------------------------------------------------------------------- Total liabilities and partners'/members' capital $ -- $ 16,883 $ 12,549 $108,605 $ 20,281 $ 38,287 $645,469 =================================================================================================================== Company's net investment in unconsolidated joint ventures $ -- $ 16,337 $ 2,921 $109,127 $ 1,862 $ 7,956 $ 18,085 - -------------------------------------------------------------------------------------------------------------------

JUNE 30, 2002 ------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - ------------------------------------------------------------------------ ASSETS: Rental property, net $ 17,173 $ 89,841 $278,669 Other assets 1,010 100 671,529 - ------------------------------------------------------------------------ Total assets $ 18,183 $ 89,941 $950,198 ======================================================================== LIABILITIES AND PARTNERS'/ MEMBERS' CAPITAL: Mortgages and loans payable $ 17,710 $ 59,675 $467,435 Other liabilities 146 3,434 16,245 Partners'/members' capital 327 26,832 466,518 - ------------------------------------------------------------------------ Total liabilities and partners'/members' capital $ 18,183 $ 89,941 $950,198 ======================================================================== Company's net investment in unconsolidated joint ventures $ 186 $ 16,137 $172,611 - ------------------------------------------------------------------------

DECEMBER 31, 2001 ---------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAND ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ------------------------------------------------------------------------------------------------------------------- ASSETS: Rental property, net $ -- $ 19,556 $ 9,598 $ 81,070 $ 18,119 $ 37,157 $ -- Other assets 732 20,267 2,163 120 4,822 1,150 595,937 - ------------------------------------------------------------------------------------------------------------------- Total assets $ 732 $ 39,823 $ 11,761 $ 81,190 $ 22,941 $ 38,307 $595,937 =================================================================================================================== LIABILITIES AND PARTNERS'/ MEMBERS' CAPITAL: Mortgages and loans payable $ -- $ 13,976 $ 50,000 $ -- $ 15,974 $ -- $324,819 Other liabilities -- 897 1,196 9,667 83 949 3,736 Partners'/members' capital 732 24,950 (39,435) 71,523 6,884 37,358 267,382 - ------------------------------------------------------------------------------------------------------------------- Total liabilities and partners'/members' capital $ 732 $ 39,823 $ 11,761 $ 81,190 $ 22,941 $ 38,307 $595,937 =================================================================================================================== Company's net investment in unconsolidated joint ventures $ 350 $ 24,545 $ 2,795 $ 74,651 $ 3,014 $ 7,809 $ 17,897 - -------------------------------------------------------------------------------------------------------------------

DECEMBER 31, 2001 ------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - ------------------------------------------------------------------------ ASSETS: Rental property, net $ 16,607 $ 63,236 $245,343 Other assets 107 100 625,398 - ------------------------------------------------------------------------ Total assets $ 16,714 $ 63,336 $870,741 ======================================================================== LIABILITIES AND PARTNERS'/ MEMBERS' CAPITAL: Mortgages and loans payable $ 16,795 $ 34,107 $455,671 Other liabilities 103 2,927 19,558 Partners'/members' capital (184) 26,302 395,512 - ------------------------------------------------------------------------ Total liabilities and partners'/members' capital $ 16,714 $ 63,336 $870,741 ======================================================================== Company's net investment in unconsolidated joint ventures $ 183 $ 15,296 $146,540 - ------------------------------------------------------------------------

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 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 June 30, 2002 and 2001:

THREE MONTHS ENDED JUNE 30, 2002 ---------------------------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAND ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ----------------------------------------------------------------------------------------------------------------------------------- Total revenues $ -- $ 10,779 $ 3,354 $ 176 $ 767 $ 1,254 $ 40,282 Operating and other expenses -- (268) (883) (10) (263) (841) (5,275) Depreciation and amortization -- (256) (406) (10) (223) (325) -- Interest expense -- (82) (488) -- (208) -- (6,490) - ------------------------------------------------------------------------------------------------------------------------------------ Net income $ -- $ 10,173 $ 1,577 $ 156 $ 73 $ 88 $ 28,517 =================================================================================================================================== Company's equity in earnings of unconsolidated joint ventures $ 13 $ 4,705 $ 945 $ 156 $ 36 $ 16 $ 3,503 - ------------------------------------------------------------------------------------------------------------------------------------

THREE MONTHS ENDED JUNE 30, 2002 ---------------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - ------------------------------------------------------------------------------ Total revenues $ -- $ -- $ 56,612 Operating and other expenses -- (10) (7,550) Depreciation and amortization -- -- (1,220) Interest expense -- -- (7,268) - ------------------------------------------------------------------------------ Net income $ -- $ (10) $ 40,574 ============================================================================== Company's equity in earnings of unconsolidated joint ventures $ -- $ -- $ 9,374 - ------------------------------------------------------------------------------

THREE MONTHS ENDED JUNE 30, 2001 ---------------------------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAND ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ----------------------------------------------------------------------------------------------------------------------------------- Total revenues $ 1,235 $ 13,936 $ 3,084 $ 158 $ 989 $ 1,491 $ 8,504 Operating and other expenses (369) (774) (845) (7) (264) (699) (2,179) Depreciation and amortization (299) (592) (387) (5) (236) (232) -- Interest expense -- (929) (808) -- (299) -- (4,903) - ----------------------------------------------------------------------------------------------------------------------------------- Net income $ 567 $ 11,641 $ 1,044 $ 146 $ 190 $ 560 $ 1,422 =================================================================================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ 245 $ 1,311 $ 366 $ (617) $ 95 $ 112 $ 525 - -----------------------------------------------------------------------------------------------------------------------------------

THREE MONTHS ENDED JUNE 30, 2001 ---------------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - ------------------------------------------------------------------------------- Total revenues $ -- $ -- $ 29,397 Operating and other expenses -- -- (5,137) Depreciation and amortization -- -- (1,751) Interest expense -- -- (6,939) - ------------------------------------------------------------------------------- Net income $ -- $ -- $ 15,570 =============================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ -- $ -- $ 2,037 - -------------------------------------------------------------------------------

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 16 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 six months ended June 30, 2002 and 2001:

SIX MONTHS ENDED JUNE 30, 2002 ---------------------------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAND ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ----------------------------------------------------------------------------------------------------------------------------------- Total revenues $ -- $ 12,087 $ 6,760 $ 180 $ 1,740 $ 2,285 $ 39,498 Operating and other expenses -- (660) (1,736) (20) (2,119) (1,289) (9,160) Depreciation and amortization -- (641) (813) (20) (1,526) (487) -- Interest expense -- (233) (993) -- (398) -- (12,968) - ----------------------------------------------------------------------------------------------------------------------------------- Net income $ -- $ 10,553 $ 3,218 $ 140 $ (2,303) $ 509 $ 17,370 =================================================================================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ -- $ 6,020 $ 1,627 $ 140 $ (1,152) $ 148 $ 1,286 - -----------------------------------------------------------------------------------------------------------------------------------

SIX MONTHS ENDED JUNE 30, 2002 ---------------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - ---------------------------------------------------------------------------------- Total revenues $ -- $ -- $ 62,550 Operating and other expenses -- (10) (14,994) Depreciation and amortization -- -- (3,487) Interest expense -- -- (14,592) - ---------------------------------------------------------------------------------- Net income $ -- $ (10) $ 29,477 ================================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ -- $ -- $ 8,069 - ----------------------------------------------------------------------------------

SIX MONTHS ENDED JUNE 30, 2001 ---------------------------------------------------------------------------------------------- AMERICAN G&G FINANCIAL RAMLAN ASHFORD PRU-BETA 3 HPMC MARTCO EXCHANGE REALTY LOOP ARCAP - ----------------------------------------------------------------------------------------------------------------------------------- Total revenues $ 2,488 $ 14,992 $ 5,807 $ 379 $ 1,958 $ 3,064 $ 27,830 Operating and other expenses (782) (948) (1,650) (41) (607) (1,416) (4,003) Depreciation and amortization (592) (933) (777) (20) (483) (462) -- Interest expense -- (1,256) (1,793) -- (654) -- (7,890) - ----------------------------------------------------------------------------------------------------------------------------------- Net income $ 1,114 $ 11,855 $ 1,587 $ 318 $ 214 $ 1,186 $ 15,937 =================================================================================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ 503 $ 3,464 $ 536 $ (445) $ 154 $ 209 $ 1,025 - -----------------------------------------------------------------------------------------------------------------------------------

SIX MONTHS ENDED JUNE 30, 2001 ---------------------------------------- MC-SJP MORRIS HARBORSIDE COMBINED REALTY SOUTH PIER TOTAL - -------------------------------------------------------------------------------------- Total revenues $ -- $ -- $ 56,518 Operating and other expenses -- -- (9,447) Depreciation and amortization -- -- (3,267) Interest expense -- -- (11,593) - -------------------------------------------------------------------------------------- Net income $ -- $ -- $ 32,211 ====================================================================================== Company's equity in earnings (loss) of unconsolidated joint ventures $ -- $ -- $ 5,446 - --------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 17 SELECT FINANCIAL RATIOS

====================================================================================================== RATIOS COMPUTED FOR INDUSTRY JUNE 30, COMPARISONS: 2002 2001 - ------------------------------------------------------------------------------------------------------ FINANCIAL POSITION RATIOS: Total Debt/ Total Book 45.18% 45.77% Capitalization (BOOK VALUE) (%) Total Debt/ Total Market 40.34% 46.11% Capitalization (MARKET VALUE) (%) Total Debt/ Total Undepreciated 40.86% 41.43% Assets (%) Secured Debt/ Total Undepreciated 12.98% 11.98% Assets (%) - ------------------------------------------------------------------------------------------------------

====================================================================================================== THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, --------------------- ------------------- 2002 2001 2002 2001 - ------------------------------------------------------------------------------------------------------ OPERATIONAL RATIOS: Interest Coverage 3.87 3.46 3.71 3.42 (FUNDS FROM OPERATIONS+INTEREST EXPENSE)/INTEREST EXPENSE (X) Debt Service Coverage 3.75 3.37 3.60 3.33 (FUNDS FROM OPERATIONS + INTEREST EXPENSE)/(INTEREST EXPENSE + PRINCIPAL AMORT.) (X) Fixed Charge Coverage 2.71 2.65 2.64 2.64 (FUNDS FROM OPERATIONS + INTEREST EXPENSE)/(INTEREST EXPENSE + CAPITALIZED INTEREST+PREF. DIV. +PRIN. AMORT.+GROUND LEASE PAYMENTS)(X) FFO Payout 61.83% 65.49% 64.42% 66.87% (DIVIDENDS DECLARED/FUNDS FROM OPERATIONS) (%) CAD Payout 72.86% 76.96% 75.21% 77.70% (DIVIDENDS DECLARED/ CASH AVAILABLE FOR DISTRIBUTION) (%) ======================================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 18 DEBT ANALYSIS (AS OF JUNE 30, 2002) DEBT BREAKDOWN (DOLLARS IN THOUSANDS)

============================================================================================================================== WEIGHTED AVERAGE WEIGHTED AVERAGE BALANCE % OF TOTAL INTEREST RATE (a) MATURITY IN YEARS - ------------------------------------------------------------------------------------------------------------------------------ Fixed Rate Secured Debt $ 509,794 29.89% 7.10% 3.18 Fixed Rate Unsecured Notes 1,097,087 64.32% 7.51% 5.01 Variable Rate Secured Debt 32,178 1.89% 2.74% 6.58 Variable Rate Unsecured Debt 66,600 3.90% 2.79% 0.98 - ------------------------------------------------------------------------------------------------------------------------------ TOTALS/WEIGHTED AVERAGE: $ 1,705,659 100.00% 7.11% 4.33 ==============================================================================================================================

FUTURE REPAYMENTS (DOLLARS IN THOUSANDS)

- ------------------------------------------------------------------------------------------------------------------------- SCHEDULED PRINCIPAL WEIGHTED AVERAGE INTEREST RATE PERIOD AMORTIZATION MATURITIES TOTAL OF FUTURE REPAYMENTS (a) - ------------------------------------------------------------------------------------------------------------------------- 2002 $ 2,406 $ -- $ 2,406 7.72% 2003 4,145 258,694 262,839 6.17% 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 11,819 1,698,277 1,710,096 7.11% Adjustment for unamortized debt discount/premium, net, as of June 30, 2002 (4,437) -- (4,437) -- - ------------------------------------------------------------------------------------------------------------------------- TOTALS/WEIGHTED AVERAGE: $ 7,382 $ 1,698,277 $1,705,659 7.11% =========================================================================================================================

(a) Actual weighted average LIBOR contract rates relating to the Company's outstanding debt as of June 30, 2002 of 2.02 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 June 30, 2002 19 DEBT MATURITIES (DOLLARS IN THOUSANDS)

================================================================================================================================= 2002 2003 2004 2005 2006 2007 2008 2009 - --------------------------------------------------------------------------------------------------------------------------------- SECURED DEBT: Mack-Cali Willowbrook $ 6,811 400 Chestnut Ridge $ 9,863 Mack-Cali Centre VI $ 35,000 Prudential Portfolio 150,000 Mack-Cali Bridgewater I 23,000 Mack-Cali Woodbridge II 17,500 Mack-Cali Short Hills 22,089 500 West Putnam Ave 5,589 Harborside Financial Center- Plaza 1 $ 75,358 Harborside Financial Center- Plazas 2 & 3 144,642 Mack-Cali Airport $ 9,364 Kemble Plaza I $ 32,178 - --------------------------------------------------------------------------------------------------------------------------------- TOTAL SECURED DEBT: -- $ 6,811 $ 9,863 $253,178 $220,000 $ 9,364 -- $ 32,178 ================================================================================================================================= UNSECURED DEBT: Unsecured credit facility $ 66,600 7.180% unsecured notes due 12/03 185,283 7.000% unsecured notes due 3/04 $300,000 7.250% unsecured notes due 3/09 $300,000 7.835% unsecured notes due 12/10 7.750% unsecured notes due 2/11 - --------------------------------------------------------------------------------------------------------------------------------- TOTAL UNSECURED DEBT: -- $251,883 $300,000 -- -- -- -- $300,000 ================================================================================================================================= ================================================================================================================================= TOTAL DEBT: -- $258,694 $309,863 $253,178 $220,000 $ 9,364 -- $332,178 =================================================================================================================================

=================================================================== 2010 2011 TOTALS - ------------------------------------------------------------------- SECURED DEBT: Mack-Cali Willowbrook $ 6,811 400 Chestnut Ridge 9,863 Mack-Cali Centre VI 35,000 Prudential Portfolio 150,000 Mack-Cali Bridgewater I 23,000 Mack-Cali Woodbridge II 17,500 Mack-Cali Short Hills 22,089 500 West Putnam Ave 5,589 Harborside Financial Center- Plaza 1 75,358 Harborside Financial Center- Plazas 2 & 3 144,642 Mack-Cali Airport 9,364 Kemble Plaza I 32,178 - ------------------------------------------------------------------- TOTAL SECURED DEBT: -- -- $ 531,394 =================================================================== UNSECURED DEBT: Unsecured credit facility $ 66,600 7.180% unsecured notes due 12/03 185,283 7.000% unsecured notes due 3/04 300,000 7.250% unsecured notes due 3/09 300,000 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: $15,000 $300,000 $1,166,883 =================================================================== =================================================================== TOTAL DEBT: $15,000 $300,000 $1,698,277 ===================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 20 DEBT DETAIL (DOLLARS IN THOUSANDS)

PRINCIPAL BALANCE AT EFFECTIVE ----------------------- INTEREST JUNE 30, 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% 299,864 299,824 03/15/04 7.250% Senior Unsecured Notes public debt 7.490% 298,424 298,307 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% 298,516 298,429 02/15/11 - -------------------------------------------------------------------------------------------------------------------- TOTAL SENIOR UNSECURED NOTES: $1,097,087 $1,096,843 - -------------------------------------------------------------------------------------------------------------------- REVOLVING CREDIT FACILITIES: 2000 Unsecured Facility (b) 22 Lenders LIBOR+ 0.800% $ 66,600 $ 59,500 06/22/03 - -------------------------------------------------------------------------------------------------------------------- TOTAL REVOLVING CREDIT FACILITIES: $ 66,600 $ 59,500 - -------------------------------------------------------------------------------------------------------------------- PROPERTY MORTGAGES: Mack-Cali Willowbrook CIGNA 8.670% $ 8,139 $ 8,598 10/01/03 400 Chestnut Ridge Prudential Insurance Co. 9.440% 12,141 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% 24,851 25,218 10/01/05 500 West Putnam Avenue New York Life Ins. Co. 6.520% 8,852 9,273 10/10/05 Harborside - Plaza 1 U.S. West Pension Trust 5.610% 59,883 57,978 01/01/06 Harborside - Plazas 2 and 3 Northwestern/Principal 7.363% 160,117 162,022 01/01/06 Mack-Cali Airport Allstate Life Insurance Co. 7.050% 10,311 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: $ 541,972 $ 543,807 - -------------------------------------------------------------------------------------------------------------------- TOTAL DEBT: $1,705,659 $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 June 30, 2002 21 III. FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 22 III. FINANCIAL STATEMENTS MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ---------------------- --------------------- REVENUES 2002 2001 2002 2001 - -------------------------------------------------------------------------------------------------------------------- Base rents $ 122,049 $ 129,419 $ 248,506 $ 254,795 Escalations and recoveries from tenants 14,427 13,430 27,697 28,192 Parking and other 4,536 3,060 7,600 5,406 Interest income 446 472 784 1,085 - -------------------------------------------------------------------------------------------------------------------- Total revenues 141,458 146,381 284,587 289,478 - -------------------------------------------------------------------------------------------------------------------- EXPENSES - -------------------------------------------------------------------------------------------------------------------- Real estate taxes 15,369 15,510 30,702 30,797 Utilities 9,307 10,699 19,437 22,655 Operating services 16,541 17,686 32,739 35,565 General and administrative 7,903 6,856 14,608 12,866 Depreciation and amortization 27,522 21,951 51,475 45,435 Interest expense 25,596 28,555 51,955 56,920 - -------------------------------------------------------------------------------------------------------------------- Total expenses 102,238 101,257 200,916 204,238 - -------------------------------------------------------------------------------------------------------------------- Equity in earnings of unconsolidated joint ventures 9,374 2,037 8,069 5,446 - -------------------------------------------------------------------------------------------------------------------- Income before realized gains (losses) and unrealized losses on disposition of rental property and minority interest 48,594 47,161 91,740 90,686 Realized gains (losses) and unrealized losses on disposition of rental property, net (4,840) 22,510 2,258 1,947 - -------------------------------------------------------------------------------------------------------------------- Income before minority interest 43,754 69,671 93,998 92,633 Minority interest in Operating Partnership 8,715 11,998 18,344 18,222 - -------------------------------------------------------------------------------------------------------------------- Net income $ 35,039 $ 57,673 $ 75,654 $ 74,411 ==================================================================================================================== PER SHARE DATA: Basic earnings per share $ 0.61 $ 1.02 $ 1.33 $ 1.31 Diluted earnings per share $ 0.61 $ 0.98 $ 1.31 $ 1.30 Dividends declared per common share $ 0.62 $ 0.61 $ 1.24 $ 1.22 - -------------------------------------------------------------------------------------------------------------------- Basic weighted average shares outstanding 57,241 56,519 57,021 56,662 Diluted weighted average shares outstanding 65,606 71,044 71,702 71,198 - --------------------------------------------------------------------------------------------------------------------

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 23 MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

JUNE 30, DECEMBER 31, ASSETS 2002 2001 - -------------------------------------------------------------------------------------------------- Rental property Land and leasehold interests $ 505,363 $ 479,358 Buildings and improvements 2,977,233 2,751,453 Tenant improvements 152,230 140,071 Furniture, fixtures and equipment 7,326 7,189 - -------------------------------------------------------------------------------------------------- 3,642,152 3,378,071 Less - accumulated depreciation and amortization (399,041) (350,705) - -------------------------------------------------------------------------------------------------- 3,243,111 3,027,366 Rental property held for sale, net 120,109 384,626 - -------------------------------------------------------------------------------------------------- Net investment in rental property 3,363,220 3,411,992 Cash and cash equivalents 64,939 12,835 Investments in unconsolidated joint ventures 172,611 146,540 Unbilled rents receivable, net 61,526 60,829 Deferred charges and other assets, net 101,407 101,499 Restricted cash 7,358 7,914 Accounts receivable, net of allowance for doubtful accounts of $685 and $752 4,447 5,161 - -------------------------------------------------------------------------------------------------- TOTAL ASSETS $ 3,775,508 $ 3,746,770 ================================================================================================== LIABILITIES AND STOCKHOLDERS' EQUITY - -------------------------------------------------------------------------------------------------- Senior unsecured notes $ 1,097,087 $ 1,096,843 Revolving credit facilities 66,600 59,500 Mortgages and loans payable 541,972 543,807 Dividends and distributions payable 44,493 44,069 Accounts payable and accrued expenses 61,546 64,620 Rents received in advance and security deposits 33,212 33,512 Accrued interest payable 25,639 25,587 - -------------------------------------------------------------------------------------------------- Total liabilities 1,870,549 1,867,938 - -------------------------------------------------------------------------------------------------- Minority interest in Operating Partnership 439,848 446,244 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, 57,666,984 and 56,712,270 shares outstanding 576 567 Additional paid-in capital 1,529,424 1,501,623 Dividends in excess of net earnings (60,483) (64,906) Unamortized stock compensation (4,406) (4,696) - -------------------------------------------------------------------------------------------------- Total stockholders' equity 1,465,111 1,432,588 - -------------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,775,508 $ 3,746,770 ==================================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 24 MACK-CALI REALTY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (IN THOUSANDS)

COMMON STOCK ADDITIONAL DIVIDENDS IN ----------------------- PAID-IN EXCESS OF SHARES PAR VALUE CAPITAL NET EARNINGS - --------------------------------------------------------------------------------------------------------------- Balance at January 1, 2002 56,712 $ 567 $ 1,501,623 $ (64,906) Net income -- -- -- 75,654 Dividends -- -- -- (71,231) Redemption of common units for shares of common stock 225 2 7,130 -- Proceeds from stock options exercised 630 6 16,566 -- Proceeds from stock warrants exercised 105 1 3,464 -- Deferred compensation plan for directors -- -- 82 -- Amortization of stock compensation -- -- -- -- Adjustment to fair value of restricted stock -- -- 711 -- Repurchase of common stock (5) -- (152) -- - --------------------------------------------------------------------------------------------------------------- BALANCE AT JUNE 30, 2002 57,667 $ 576 $ 1,529,424 $ (60,483) ===============================================================================================================

UNAMORTIZED TOTAL STOCK STOCKHOLDERS' COMPENSATION EQUITY - ------------------------------------------------------------------------------------ Balance at January 1, 2002 $ (4,696) $ 1,432,588 Net income -- 75,654 Dividends -- (71,231) Redemption of common units for shares of common stock -- 7,132 Proceeds from stock options exercised -- 16,572 Proceeds from stock warrants exercised -- 3,465 Deferred compensation plan for directors -- 82 Amortization of stock compensation 1,001 1,001 Adjustment to fair value of restricted stock (711) -- Repurchase of common stock -- (152) - ------------------------------------------------------------------------------------ BALANCE AT JUNE 30, 2002 $ (4,406) $ 1,465,111 ====================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 25 STATEMENTS OF FUNDS FROM OPERATIONS AND CASH AVAILABLE FOR DISTRIBUTION (IN THOUSANDS, EXCEPT PER SHARE/UNIT AMOUNTS)

THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ========================================================================================================================= 2002 2001 2002 2001 - ------------------------------------------------------------------------------------------------------------------------- Income before realized gains (losses) and unrealized losses on disposition of rental property, and minority interest $ 48,594 $ 47,161 $ 91,740 $ 90,686 Add: Real estate-related depreciation and amortization (a) 27,540 23,068 51,989 47,071 Gain on sale of land 717 -- 717 -- Deduct: Adj. to rental income for straight-lining of rents (b) (1,210) (4,057) (2,923) (7,862) Equity in earnings from gain on sale of rental property (3,506) -- (3,506) -- - ------------------------------------------------------------------------------------------------------------------------- Funds from operations (c), after adjustment for straight-lining of rents $ 72,135 $ 66,172 $ 138,017 $ 129,895 - ------------------------------------------------------------------------------------------------------------------------- Deduct: Non-incremental revenue generating capital expenditures: Capital expenditures (1,947) (1,461) (2,265) (2,374) Tenant improvements and leasing commissions (8,969) (8,399) (17,535) (15,724) - ------------------------------------------------------------------------------------------------------------------------- Cash available for distribution $ 61,219 $ 56,312 $ 118,217 $ 111,797 ========================================================================================================================= Basic weighted average shares/units outstanding (d) 65,168 64,476 64,961 64,621 Diluted weighted average shares/units outstanding (e) 71,940 71,044 71,702 71,198 PER SHARE/UNIT - BASIC(f): Funds from operations $ 1.05 $ 0.97 $ 2.00 $ 1.89 Cash available for distribution $ 0.88 $ 0.81 $ 1.70 $ 1.61 PER SHARE/UNIT - DILUTED: Funds from operations $ 1.00 $ 0.93 $ 1.92 $ 1.82 Cash available for distribution $ 0.85 $ 0.79 $ 1.65 $ 1.57 Dividend per common share $ 0.62 $ 0.61 $ 1.24 $ 1.22 DIVIDEND PAYOUT RATIOS: Funds from operations-diluted 61.83% 65.49% 64.42% 66.87% Cash available for distribution-diluted 72.86% 76.96% 75.21% 77.70% =========================================================================================================================

(a) Includes the Company's share from unconsolidated joint ventures of $239 and $1,321 for the three months ended June 30, 2002 and 2001, respectively, and $953 and $2,043 for the six months ended June 30, 2002 and 2001, respectively. (b) Includes the Company's share from unconsolidated joint ventures of $94 and $90 for the three months ended June 30, 2002 and 2001, respectively, and $(953) and $126 for the six months ended June 30, 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 $3,863 and $3,879 for the three months ended June 30, 2002 and 2001, respectively, and $7,806 and $7,758 for the six months ended June 30, 2002 and 2001, respectively. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 26 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 SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 2002 2001 2002 2001 - -------------------------------------------------------------------------------------------------- Basic weighted average shares outstanding: 57,241 56,519 57,021 56,662 Add: Weighted average common units 7,927 7,957 7,940 7,959 - -------------------------------------------------------------------------------------------------- Basic weighted average shares/units: 65,168 64,476 64,961 64,621 Add: Weighted average preferred units (after conversion to common units) 6,334 6,359 6,346 6,359 Stock options 429 209 390 218 Stock warrants 9 -- 5 -- - -------------------------------------------------------------------------------------------------- Diluted weighted average shares/units outstanding: 71,940 71,044 71,702 71,198 ==================================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 27 IV. VALUE CREATION PIPELINE - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 28 IV. VALUE CREATION PIPELINE OPERATING PROPERTY ACQUISITIONS (DOLLARS IN THOUSANDS) FOR THE SIX MONTHS ENDED JUNE 30, 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 30. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 29 PROPERTIES PLACED IN SERVICE (DOLLARS IN THOUSANDS) FOR THE SIX MONTHS ENDED JUNE 30, 2002

- ---------------------------------------------------------------------------------------------------------------------------------- DATE PLACED # OF RENTABLE INVESTMENT BY IN SERVICE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. SQUARE FEET COMPANY (e) - ---------------------------------------------------------------------------------------------------------------------------------- OFFICE/FLEX: 04/01/02 125 Clearbrook Road Elmsford, Westchester County, NY 1 33,000 $ 4,638 - ---------------------------------------------------------------------------------------------------------------------------------- TOTAL PROPERTIES PLACED IN SERVICE: 1 33,000 $ 4,638 ==================================================================================================================================

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 facility. (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 facility. (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 facility. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 30 SUMMARY OF CONSTRUCTION PROJECTS (DOLLARS IN THOUSANDS)

- ----------------------------------------------------------------------------------------------------------------------------------- ESTIMATED COSTS PLACED IN NUMBER INCURRED TOTAL TYPE OF SERVICE OF SQUARE THROUGH ESTIMATED CURRENT PROJECT LOCATION SPACE DATE BUILDINGS FEET 6/30/02 COSTS % LEASED - ----------------------------------------------------------------------------------------------------------------------------------- MAJORITY OWNED: Harborside Plaza 5 Jersey City, NJ Office 2002-4Q 1 980,000 $ 169,833 $ 260,000 57.8% 600 Horizon Drive Hamilton Twp, NJ Office/Flex 2002-4Q 1 95,000 2,178 10,700 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL: 2 1,075,000 $ 172,011 $ 270,700 61.5% - ----------------------------------------------------------------------------------------------------------------------------------- UNCONSOLIDATED JOINT VENTURES: Hyatt Regency South Pier (a) Jersey City, NJ Hotel 2002-3Q 1 280,000 16,137 18,000 n/a Harborside Plaza 10 (b) Jersey City, NJ Office 2002-4Q 1 575,000 101,394 145,000 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL: 2 855,000 $ 117,531 $ 163,000 100.0% - ----------------------------------------------------------------------------------------------------------------------------------- GRAND TOTAL: 4 1,930,000 $ 289,542 $ 433,700 78.6% ===================================================================================================================================

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

- ---------------------------------------------------------------------------------------------------------------------------------- COSTS TYPE OF PLACED NUMBER INCURRED TOTAL SPACE IN OF SQUARE THROUGH ESTIMATED CURRENT PROJECT LOCATION DATE SERVICE BUILDINGS FEET 6/30/02 COSTS % LEASED - ---------------------------------------------------------------------------------------------------------------------------------- UNCONSOLIDATED JOINT VENTURES: Pacific Plaza Phase I (a) Daly City, CA Office 08/20/01 1 369,682 $ 6,822 $ 6,822 83.8% - ---------------------------------------------------------------------------------------------------------------------------------- GRAND TOTAL: 1 369,682 $ 6,822 $ 6,822 83.8% ==================================================================================================================================

(a) The Costs Incurred and Total Estimated Costs reflect the Company's funding in this project. The total cost of the project is currently projected to be approximately $89.4 million. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 31 SUMMARY OF LAND PARCELS

DEVELOPMENT POTENTIAL SITE TOWN/CITY STATE ACRES (SQ. FT.) TYPE OF SPACE - ------------------------------------------------------------------------------------------------------- Horizon Center Hamilton NJ 33.5 300,000 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 1.2 40,000 Office/Flex Mid-Westchester Executive Park Hawthorne NY 7.2 82,250 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 South Westchester Executive Park Yonkers NY 2.7 50,000 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 Littleton CO 7.1 128,000 Office Pacific Plaza Phase III (e) Daly City CA 2.5 270,000 Office - ------------------------------------------------------------------------------------------------------- TOTALS 369.0 8,997,250 =======================================================================================================

(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) 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 June 30, 2002 32 RENTAL PROPERTY SALES (DOLLARS IN THOUSANDS) FOR THE SIX MONTHS ENDED JUNE 30, 2002

RENTABLE SALE # OF SQUARE NET SALES NET BOOK REALIZED DATE PROPERTY/PORTFOLIO NAME LOCATION BLDGS. FEET PROCEEDS VALUE GAIN/ (LOSS) - -------------------------------------------------------------------------------------------------------------------- OFFICE: 05/13/02 Dallas Portfolio (a) Metro Dallas, TX 4 488,789 $ 33,115 $ 34,760 $ (1,645) 05/29/02 750 South Richfield Aurora, Arapahoe Street County, CO 1 108,240 20,631 21,291 (660) 06/06/02 Houston Portfolio (b) Houston, Harris County, TX 3 413,107 25,482 24,393 1,089 RESIDENTIAL: 01/30/02 25 Martine Avenue White Plains, Westchester County, NY 1 124 units 17,559 10,461 7,098 LAND: 04/25/02 Horizon Center Land Hamilton Township, Mercer County, NJ -- 0.756 acres 758 41 717 - -------------------------------------------------------------------------------------------------------------------- TOTAL PROPERTY SALES: 9 1,010,136 $ 97,545 $ 90,946 $ 6,599 ====================================================================================================================

(a) On May 13, 2002, the Company sold 3100 Monticello, 2300 Valley View, 150 West Parkway and 555 Republic Place in a single transaction with one buyer, Brookview Properties, L.P., an entity that includes a partner, whose principals include Paul A. Nussbaum, a former member of the Board of Directors of the Company. The Company provided the purchaser with a $5,000 subordinated loan that bears interest at 15 percent with a current rate of 11 percent. The entire principal of the loan is payable at maturity in November 2007. In conjunction with the purchaser's subsequent sale of one of its acquired properties, the purchaser repaid $953 of the loan principal through June 30, 2002. In July 2002, the purchaser repaid an additional $564 of the loan principal. (b) On June 6, 2002, the Company sold 1717 St. James Place, 5300 Memorial Drive and 10497 Town & Country Way in a single transaction with one buyer, Parkway Properties LP. 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 1 72,265 5,165 5,570 (405) County, IA 09/26/01 1709 New York Avenue, NW Washington, DC 1 166,000 65,151 50,640 14,511 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, which was repaid in April 2002. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 33 V. PORTFOLIO/ LEASING STATISTICS - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 34 V. PORTFOLIO/ LEASING STATISTICS LEASING STATISTICS (FOR THE THREE MONTHS ENDED JUNE 30, 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 3/31/02 SOLD (A) SQ.FT.(B) SQ. FT. ACTIVITY 6/30/02 6/30/02 3/31/02 - ------------------------------------------------------------------------------------------------------------------------ NORTHEAST Northern NJ 9,523,285 - (341,309) 349,915 8,606 9,531,891 95.3% 95.2% Central NJ 2,620,225 - (207,747) 155,336 (52,411) 2,567,814 92.3% 94.2% Westchester Co., NY 4,551,333 33,000 (273,637) 283,244 9,607 4,593,940 97.4% 97.2% Sub. Philadelphia 2,770,746 - (148,056) 123,755 (24,301) 2,746,445 89.4% 90.2% Fairfield, CT 647,621 - (22,984) 17,239 (5,745) 641,876 95.4% 96.3% Washington, DC/MD 444,699 - (26,856) 28,653 1,797 446,496 99.1% 98.7% Rockland Co/Long Island, NY 582,508 - (5,327) 11,877 6,550 589,058 99.6% 98.5% ----------------------------------------------------------------------------------------- TOTAL NORTHEAST 21,140,417 33,000 (1,025,916) 970,019 (55,897) 21,117,520 94.8% 95.0% ----------------------------------------------------------------------------------------- SOUTHWEST/WEST/OTHER Texas 1,566,636 (780,863) (63,928) 67,352 3,424 789,197 79.8% 82.9% Colorado 1,502,014 (108,240) (55,527) 45,288 (10,239) 1,383,535 88.4% 89.7% San Francisco 441,668 - (13,978) 11,524 (2,454) 439,214 97.4% 98.0% Arizona 416,967 - (69,872) 69,872 - 416,967 100.0% 100.0% Other 261,679 - (5,448) 15,677 10,229 271,908 91.4% 88.0% ----------------------------------------------------------------------------------------- TOTAL SOUTHWEST/WEST/OTHER 4,188,964 (889,103) (208,753) 209,713 960 3,300,821 88.7% 88.6% ----------------------------------------------------------------------------------------- COMPANY TOTALS 25,329,381 (856,103) (1,234,669) 1,179,732 (54,937) 24,418,341 93.9% 93.9% =========================================================================================

RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE Total sq. ft. as of March 31, 2002 26,983,140 Total sq. ft. of properties added this period 33,000 Total sq. ft. of properties sold this period (1,010,136) ------------ Total sq. ft. as of June 30, 2002 26,006,004 ============ (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 June 30, 2002 35 LEASING STATISTICS (FOR THE THREE MONTHS ENDED JUNE 30, 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 27 328,030 203,808 124,222 5.6 $ 24.10 $ 3.84 Office/Flex 3 21,885 6,983 14,902 3.3 $ 16.64 $ 0.68 Central NJ Office 15 136,933 64,791 72,142 6.5 $ 25.26 $ 2.85 Office/Flex 3 18,403 13,658 4,745 4.0 $ 16.02 $ 1.24 Westchester Co., NY Office 21 91,925 48,248 43,677 5.7 $ 22.41 $ 2.24 Office/Flex 23 140,777 54,420 86,357 5.7 $ 15.15 $ 1.25 Industrial/Warehouse 5 50,542 5,995 44,547 1.8 $ 13.26 $ 1.50 Sub. Philadelphia Office 9 23,060 7,855 15,205 3.5 $ 24.57 $ 2.96 Office/Flex 11 100,695 12,905 87,790 2.9 $ 8.99 $ 0.95 Fairfield, CT Office 3 6,489 3,478 3,011 2.7 $ 28.88 $ 0.62 Office/Flex 1 10,750 10,750 - 7.3 $ 16.87 $ 2.26 Washington, DC/MD Office 2 28,653 1,797 26,856 7.7 $ 34.78 $ 2.60 Rockland Co/Long Island, NY Office 4 11,877 - 11,877 2.1 $ 20.80 $ 2.90 ----------------------------------------------------------------------------- TOTAL NORTHEAST 127 970,019 434,688 535,331 5.2 $ 20.59 $ 2.70 ----------------------------------------------------------------------------- SOUTHWEST/WEST/OTHER Texas Office 17 67,352 57,769 9,583 4.8 $ 15.67 $ 3.32 Colorado Office 9 45,288 4,857 40,431 5.3 $ 18.44 $ 2.66 San Francisco Office 25 11,524 1,171 10,353 3.2 $ 29.35 $ 2.15 Arizona Office 2 69,872 - 69,872 5.4 $ 20.70 $ 1.99 Other Office 3 15,677 - 15,677 4.5 $ 18.55 $ 2.57 ----------------------------------------------------------------------------- TOTAL SOUTHWEST/WEST/OTHER 56 209,713 63,797 145,916 5.0 $ 18.91 $ 2.60 ----------------------------------------------------------------------------- COMPANY TOTALS 183 1,179,732 498,485 681,247 5.1 $ 20.29 $ 2.68 ============================================================================= DETAIL BY PROPERTY TYPE Office 137 836,680 393,774 442,906 5.6 $ 23.17 $ 3.13 Office/Flex 41 292,510 98,716 193,794 4.5 $ 13.26 $ 1.21 Industrial/Warehouse 5 50,542 5,995 44,547 1.8 $ 13.26 $ 1.50 ----------------------------------------------------------------------------- COMPANY TOTALS 183 1,179,732 498,485 681,247 5.1 $ 20.29 $ 2.68 =============================================================================

TENANT RETENTION: Leases Retained 60.6% Sq. Ft. Retained 55.2%

(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 $10,844,437 and commissions of $5,364,696 committed, but not necessarily expended, during the period for second generation space aggregating 1,170,357 square feet. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 36 LEASING STATISTICS (FOR THE THREE MONTHS ENDED JUNE 30, 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 3/31/02 SOLD (b) SQ. FT. (c) SQ. FT. ACTIVITY 6/30/02 6/30/02 3/31/02 - --------------------------------------------------------------------------------------------- New York 167,000 - - - - 167,000 72.0% 72.0% Texas 182,840 - - 7,884 7,884 190,724 64.0% 61.4% California 480,228 179,840 - - - 660,068 97.1% 98.2% --------------------------------------------------------------------------------- TOTALS 830,068 179,840 - 7,884 7,884 1,017,792 84.1% 81.5% =================================================================================

RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE Total sq. ft. as of March 31, 2002 1,018,818 Total sq. ft. of properties sold this period (183,200) Total sq. ft. of properties added this period 373,934 --------- Total sq. ft. as of June 30, 2002 1,209,552 ========= DETAIL OF TRANSACTION ACTIVITY

SQ. FT. RENEWED AND LEASING COSTS # OF SQ. FT. NEW OTHER WTD. AVG. WTD. AVG. PER SQ. FT. STATE TRANSACTIONS TOTAL SQ. FT. LEASES RETAINED(d) TERM (YRS.) BASE RENT PER YEAR (e) - -------------------------------------------------------------------------------------------------------- Texas 1 7,884 7,884 - 5.0 $ 17.26 $ 2.46 ----------------------------------------------------------------------------------------------- TOTALS 1 7,884 7,884 - 5.0 $ 17.26 $ 2.46 ===============================================================================================

(a) Unconsolidated Joint Venture Properties excludes in-service development properties in lease-up, aggregating 369,682 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. (d) "Other Retained" transactions include existing tenants' expansions and relocations within the same building. (e) Represents estimated workletter costs of $63,072 and commissions of $34,019 committed, but not necessarily expended, during the period for second generation space aggregating 7,884 square feet. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 37 LEASING STATISTICS (FOR THE SIX MONTHS ENDED JUNE 30, 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 6/30/02 6/30/02 12/31/01 - ---------------------------------------------------------------------------------------------------------------------------------- NORTHEAST Northern NJ 9,380,571 111,894 (545,845) 585,271 39,426 9,531,891 95.3% 95.9% Central NJ 2,629,946 - (322,492) 260,360 (62,132) 2,567,814 92.3% 94.6% Westchester Co., NY 4,570,240 33,000 (538,145) 528,845 (9,300) 4,593,940 97.4% 97.6% Sub. Philadelphia 2,820,288 - (380,212) 306,369 (73,843) 2,746,445 89.4% 91.8% Fairfield, CT 649,363 - (125,916) 118,429 (7,487) 641,876 95.4% 96.5% Washington, DC/MD 444,699 - (157,115) 158,912 1,797 446,496 99.1% 98.7% Rockland Co/Long Island, NY 582,508 - (53,720) 60,270 6,550 589,058 99.6% 98.5% -------------------------------------------------------------------------------------------------- TOTAL NORTHEAST 21,077,615 144,894 (2,123,445) 2,018,456 (104,989) 21,117,520 94.8% 95.7% -------------------------------------------------------------------------------------------------- SOUTHWEST/WEST/OTHER Texas 1,560,270 (780,863) (139,017) 148,807 9,790 789,197 79.8% 82.5% Colorado 1,368,726 29,763 (89,499) 74,545 (14,954) 1,383,535 88.4% 92.0% San Francisco 439,866 - (29,307) 28,655 (652) 439,214 97.4% 97.6% Arizona 416,967 - (111,200) 111,200 - 416,967 100.0% 100.0% Other 271,908 - (15,677) 15,677 - 271,908 91.4% 91.4% -------------------------------------------------------------------------------------------------- TOTAL SOUTHWEST/WEST/OTHER 4,057,737 (751,100) (384,700) 378,884 (5,816) 3,300,821 88.7% 89.3% -------------------------------------------------------------------------------------------------- COMPANY TOTALS 25,135,352 (606,206) (2,508,145) 2,397,340 (110,805) 24,418,341 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 438,254 Total sq. ft. of properties sold this period (1,010,136) ----------- Total sq. ft. as of June 30, 2002 26,006,004 =========== (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 June 30, 2002 38 LEASING STATISTICS (FOR THE SIX MONTHS ENDED JUNE 30, 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 46 535,987 255,959 280,028 4.9 $ 25.93 $ 3.25 Office/Flex 7 49,284 11,983 37,301 3.7 $ 16.28 $ 1.59 Central NJ Office 23 216,733 79,346 137,387 6.2 $ 25.08 $ 2.45 Office/Flex 7 43,627 13,658 29,969 4.6 $ 16.07 $ 1.82 Westchester Co., NY Office 43 176,783 61,108 115,675 5.4 $ 23.68 $ 1.83 Office/Flex 39 271,692 69,095 202,597 5.0 $ 15.01 $ 1.02 Industrial/Warehouse 9 80,370 6,295 74,075 2.0 $ 12.52 $ 1.32 Sub. Philadelphia Office 14 122,574 9,707 112,867 5.4 $ 26.36 $ 2.36 Office/Flex 20 183,795 33,235 150,560 3.6 $ 9.00 $ 1.05 Fairfield, CT Office 6 19,679 3,478 16,201 3.2 $ 26.55 $ 0.45 Office/Flex 3 98,750 10,750 88,000 5.4 $ 16.88 $ 2.39 Washington, DC/MD Office 4 158,912 1,797 157,115 4.2 $ 42.71 $ 2.47 Rockland Co/Long Island, NY Office 8 60,270 19,974 40,296 6.1 $ 21.61 $ 2.78 ------------------------------------------------------------------------------ TOTAL NORTHEAST 229 2,018,456 576,385 1,442,071 4.9 $ 22.43 $ 2.28 ------------------------------------------------------------------------------ SOUTHWEST/WEST/OTHER Texas Office 41 148,807 105,482 43,325 4.4 $ 16.73 $ 2.63 Colorado Office 17 74,545 26,739 47,806 4.8 $ 17.76 $ 2.71 San Francisco Office 72 28,655 3,601 25,054 3.5 $ 31.09 $ 2.13 Arizona Office 3 111,200 - 111,200 4.0 $ 21.64 $ 1.84 Other Office 3 15,677 - 15,677 4.5 $ 18.55 $ 2.57 ------------------------------------------------------------------------------ TOTAL SOUTHWEST/WEST/OTHER 136 378,884 135,822 243,062 4.3 $ 19.54 $ 2.40 ------------------------------------------------------------------------------ COMPANY TOTALS 365 2,397,340 712,207 1,685,133 4.8 $ 21.97 $ 2.30 ============================================================================== DETAIL BY PROPERTY TYPE Office 280 1,669,822 567,191 1,102,631 5.0 $ 25.61 $ 2.66 Office/Flex 76 647,148 138,721 508,427 4.5 $ 13.75 $ 1.36 Industrial/Warehouse 9 80,370 6,295 74,075 2.0 $ 12.52 $ 1.32 ------------------------------------------------------------------------------ COMPANY TOTALS 365 2,397,340 712,207 1,685,133 4.8 $ 21.97 $ 2.30 ==============================================================================

TENANT RETENTION: Leases Retained 62.0% Sq. Ft. Retained 67.2%

(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 $16,196,495 and commissions of $9,329,939 committed, but not necessarily expended, during the period for second generation space aggregating 2,357,252 square feet. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 39 LEASING STATISTICS (FOR THE SIX MONTHS ENDED JUNE 30, 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 6/30/02 6/30/02 12/31/01 - ------------------------------------------------------------------------------------------------------------------------------ New York 167,000 - - - - 167,000 72.0% 72.0% Texas 182,840 - - 7,884 7,884 190,724 64.0% 61.4% California 480,228 179,840 - - - 660,068 97.1% 98.2% --------------------------------------------------------------------------------------------------- TOTALS 830,068 179,840 - 7,884 7,884 1,017,792 84.1% 81.5% ==============================================================================================================================

RECONCILIATION OF TOTAL PROPERTY SQUARE FOOTAGE Total sq. ft. as of December 31, 2001 1,018,818 Total sq. ft. of properties sold this period (183,200) Total sq. ft. of properties added this period 373,934 --------- Total sq. ft. as of June 30, 2002 1,209,552 ========= DETAIL OF TRANSACTION ACTIVITY

SQ. FT. RENEWED AND LEASING COSTS # OF SQ. FT. NEW OTHER WTD. AVG. WTD. AVG. PER SQ. FT. STATE TRANSACTIONS TOTAL SQ. FT. LEASES RETAINED (d) TERM (YRS.) BASE RENT PER YEAR (e) - ------------------------------------------------------------------------------------------------------------------------------ Texas 1 7,884 7,884 - 5.0 $17.26 $2.46 ------------------------------------------------------------------------------------------------------ TOTALS 1 7,884 7,884 - 5.0 $17.26 $2.46 ======================================================================================================

(a) Unconsolidated Joint Venture Properties excludes in-service development properties in lease-up, aggregating 369,682 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. (d) "Other Retained" transactions include existing tenants' expansions and relocations within the same building. (e) Represents estimated workletter costs of $63,072 and commissions of $34,019 committed, but not necessarily expended, during the period for second generation space aggregating 7,884 square feet. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 40 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) 87,007,949 18.4 4,116,859 15.8 New York, NY (Westchester-Rockland Counties) 86,740,375 18.3 4,897,355 18.8 Bergen-Passaic, NJ 86,388,791 18.3 4,530,091 17.4 Jersey City, NJ 43,911,887 9.3 2,094,470 8.1 Philadelphia, PA-NJ 41,062,635 8.7 2,991,796 11.5 Denver, CO 15,078,798 3.2 1,084,945 4.2 Middlesex-Somerset-Hunterdon, NJ 14,662,217 3.1 791,051 3.1 Trenton, NJ (Mercer County) 13,755,435 2.9 672,365 2.6 Washington, DC-MD-VA 12,881,362 2.7 450,549 1.7 San Francisco, CA 12,362,332 2.6 450,891 1.7 Stamford-Norwalk, CT 8,940,154 1.9 527,250 2.0 Monmouth-Ocean, NJ 7,306,783 1.5 577,423 2.2 Dallas, TX 6,907,679 1.5 449,594 1.7 Nassau-Suffolk, NY 6,373,398 1.4 292,849 1.1 Phoenix-Mesa, AZ 5,502,807 1.2 416,967 1.6 San Antonio, TX 4,912,406 1.0 435,465 1.7 Tampa-St. Petersburg-Clearwater, FL 3,995,306 0.8 297,429 1.2 Boulder-Longmont, CO 3,655,875 0.8 270,421 1.0 Bridgeport, CT 3,181,983 0.7 145,487 0.6 Colorado Springs, CO 2,967,286 0.6 209,987 0.8 Dutchess County, NY 2,314,700 0.5 118,727 0.5 Atlantic-Cape May, NJ 1,764,551 0.4 80,344 0.3 Houston, TX 1,121,485 0.2 103,689 0.4 - --------------------------------------------------------------------------------------------------------------------------- Totals 472,796,194 100.0 26,006,004 100.0 ===========================================================================================================================

(a) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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 June 30, 2002 41 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) ($)(b)(c) RENTAL REVENUE (%) LEASED SQ.FT.(%) - -------------------------------------------------------------------------------------------------------------------------------- Securities, Commodity Contracts & Other Financial 55,351,465 11.7 2,265,630 9.4 Manufacturing 44,655,493 9.4 2,552,081 10.6 Telecommunications 31,483,252 6.7 1,647,842 6.9 Computer System Design Svcs. 30,629,340 6.5 1,543,545 6.4 Insurance Carriers & Related Activities 29,826,867 6.3 1,437,839 6.0 Legal Services 27,799,629 5.9 1,180,343 4.9 Health Care & Social Assistance 20,958,636 4.4 1,092,367 4.5 Credit Intermediation & Related Activities 20,711,323 4.4 1,162,623 4.8 Accounting/Tax Prep. 19,023,652 4.0 784,733 3.3 Wholesale Trade 18,382,628 3.9 1,252,590 5.2 Other Professional 17,473,803 3.7 909,902 3.8 Retail Trade 13,643,025 2.9 788,571 3.3 Scientific Research/Development 13,297,487 2.8 725,462 3.0 Publishing Industries 12,733,162 2.7 562,633 2.3 Information Services 11,155,954 2.4 528,793 2.2 Arts, Entertainment & Recreation 10,657,720 2.3 709,084 3.0 Architectural/Engineering 9,882,261 2.1 457,250 1.9 Management of Companies & Finance 9,318,669 2.0 399,346 1.7 Other Services (except Public Administration) 8,146,713 1.7 557,442 2.3 Advertising/Related Services 8,127,633 1.7 372,641 1.5 Transportation 7,007,881 1.5 452,114 1.9 Real Estate & Rental & Leasing 6,830,883 1.4 376,496 1.6 Management/Scientific 6,278,480 1.3 281,763 1.2 Data Processing Services 5,645,295 1.2 246,846 1.0 Educational Services 4,674,991 1.0 247,720 1.0 Construction 4,464,266 0.9 240,614 1.0 Admin. & Support, Waste Mgt. & Remediation Svc. 4,251,909 0.9 290,526 1.2 Utilities 3,988,185 0.8 182,680 0.8 Public Administration 3,351,039 0.7 163,808 0.7 Specialized Design Services 3,306,378 0.7 149,862 0.6 Other 9,738,175 2.1 481,354 2.0 - -------------------------------------------------------------------------------------------------------------------------------- Totals 472,796,194 100.0 24,044,500 100.0 ================================================================================================================================

(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 June 2002 billings times 12. For leases whose rent commences after July 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 June 30, 2002 42 CONSOLIDATED PORTFOLIO ANALYSIS (a) (AS OF JUNE 30, 2002) BREAKDOWN BY NUMBER OF PROPERTIES PROPERTY TYPE:

STAND- % OF % OF INDUSTRIAL/ % OF ALONE % OF LAND % OF STATE OFFICE TOTAL OFFICE/FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL LEASES TOTAL - --------------------------------------------------------------------------------------------------------------------- New Jersey 72 28.7% 50 19.9% -- -- -- -- 1 0.4% New York 23 9.2% 40 15.8% 6 2.4% 2 0.8% 2 0.8% Pennsylvania 13 5.2% -- -- -- -- -- -- -- -- Connecticut 3 1.2% 5 2.0% -- -- -- -- -- -- Wash., D.C./ Maryland 3 1.2% -- -- -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST: 114 45.5% 95 37.7% 6 2.4% 2 0.8% 3 1.2% - --------------------------------------------------------------------------------------------------------------------- Texas 5 2.0% -- -- -- -- -- -- -- -- Arizona 3 1.2% -- -- -- -- -- -- -- -- California 2 0.8% -- -- -- -- -- -- -- -- Colorado 20 8.0% -- -- -- -- -- -- -- -- Florida 1 0.4% -- -- -- -- -- -- -- -- - --------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 145 57.9% 95 37.7% 6 2.4% 2 0.8% 3 1.2% - ---------------------------------------------------------------------------------------------------------------------

TOTALS % OF STATE BY STATE TOTAL - ------------------------------------- New Jersey 123 49.0% New York 73 29.0% Pennsylvania 13 5.2% Connecticut 8 3.2% Wash., D.C./ Maryland 3 1.2% - ------------------------------------- SUB-TOTAL NORTHEAST: 220 87.6% - ------------------------------------- Texas 5 2.0% Arizona 3 1.2% California 2 0.8% Colorado 20 8.0% Florida 1 0.4% - ------------------------------------- TOTALS BY TYPE: 251 100.0% - -------------------------------------

(a) Excludes 7 properties, aggregating approximately 1.6 million square feet, which are not consolidated by the Company. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 43 CONSOLIDATED PORTFOLIO ANALYSIS(A) (AS OF JUNE 30, 2002) BREAKDOWN BY SQUARE FOOTAGE PROPERTY TYPE:

STAND- % OF % OF INDUSTRIAL/ % OF ALONE % OF TOTALS BY STATE OFFICE TOTAL OFFICE/FLEX TOTAL WAREHOUSE TOTAL RETAIL TOTAL STATE - ------------------------------------------------------------------------------------------------------------------------------- New Jersey 12,103,070 46.6% 2,277,531 8.8% -- -- -- -- 14,380,601 New York 2,626,484 10.1% 2,277,747 8.8% 387,400 1.5% 17,300 0.1% 5,308,931 Pennsylvania 1,473,798 5.7% -- -- -- -- -- -- 1,473,798 Connecticut 399,737 1.5% 273,000 1.0% -- -- -- -- 672,737 Wash., D.C./ Maryland 450,549 1.7% -- -- -- -- -- -- 450,549 - ------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST 17,053,638 65.6% 4,828,278 18.6% 387,400 1.5% 17,300 0.1% 22,286,616 - ------------------------------------------------------------------------------------------------------------------------------- Texas 988,748 3.8% -- -- -- -- -- -- 988,748 Arizona 416,967 1.6% -- -- -- -- -- -- 416,967 California 450,891 1.7% -- -- -- -- -- -- 450,891 Colorado 1,565,353 6.0% -- -- -- -- -- -- 1,565,353 Florida 297,429 1.1% -- -- -- -- -- -- 297,429 - ------------------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 20,773,026 79.8% 4,828,278 18.6% 387,400 1.5% 17,300 0.1% 26,006,004 ===============================================================================================================================

% OF STATE TOTAL - ------------------------ New Jersey 55.4% New York 20.5% Pennsylvania 5.7% Connecticut 2.5% Wash., D.C./ Maryland 1.7% - ------------------------ SUB-TOTAL NORTHEAST 85.8% - ------------------------ Texas 3.8% Arizona 1.6% California 1.7% Colorado 6.0% Florida 1.1% - ------------------------ TOTALS BY TYPE: 100.0% ========================

(a) Excludes 7 properties, aggregating approximately 1.6 million square feet, which are not consolidated by the Company. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 44 CONSOLIDATED PORTFOLIO ANALYSIS(a) (YEAR ENDED JUNE 30, 2002) BREAKDOWN BY BASE RENTAL REVENUE (b) (DOLLARS IN THOUSANDS) PROPERTY TYPE:

INDUST./ STAND- % OF OFFICE/ % OF WARE- % OF ALONE % OF LAND % OF TOTALS STATE OFFICE TOTAL FLEX TOTAL HOUSE TOTAL RETAIL TOTAL LEASES TOTAL BY STATE - ------------------------------------------------------------------------------------------------------------------------------- New Jersey 252,983 52.4% 18,104 3.7% -- -- -- -- 276 0.1% 271,363 New York 57,633 11.9% 32,359 6.7% 3,736 0.8% 174 0.1% 258 0.1% 94,160 Pennsylvania 30,623 6.3% -- -- -- -- -- -- -- -- 30,623 Connecticut 8,890 1.8% 3,702 0.7% -- -- -- -- -- -- 12,592 Wash., D.C./ Maryland 13,889 2.9% -- -- -- -- -- -- -- -- 13,889 - ------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST: 364,018 75.3% 54,165 11.1% 3,736 0.8% 174 0.1% 534 0.2% 422,627 - ------------------------------------------------------------------------------------------------------------------------------- Texas 12,415 2.5% -- -- -- -- -- -- -- -- 12,415 Arizona 5,637 1.2% -- -- -- -- -- -- -- -- 5,637 California 15,700 3.3% -- -- -- -- -- -- -- -- 15,700 Colorado 22,746 4.7% -- -- -- -- -- -- -- -- 22,746 Florida 3,769 0.8% -- -- -- -- -- -- -- -- 3,769 - ------------------------------------------------------------------------------------------------------------------------------- TOTALS BY TYPE: 424,285 87.8% 54,165 11.1% 3,736 0.8% 174 0.1% 534 0.2% 482,894 ===============================================================================================================================

% OF STATE TOTAL - ------------------------- New Jersey 56.2% New York 19.6% Pennsylvania 6.3% Connecticut 2.5% Wash., D.C./ Maryland 2.9% - ------------------------- SUB-TOTAL NORTHEAST: 87.5% - ------------------------- Texas 2.5% Arizona 1.2% California 3.3% Colorado 4.7% Florida 0.8% - ------------------------- TOTALS BY TYPE: 100.0% =========================

(a) Excludes 7 properties, aggregating approximately 1.6 million square feet, which are not consolidated by the Company. (b) Total base rent for the twelve months ended June 30, 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 June 30, 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 twelve months ended June 30, 2002. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 45 CONSOLIDATED PORTFOLIO ANALYSIS (a) (AS OF JUNE 30, 2002) BREAKDOWN BY PERCENTAGE LEASED PROPERTY TYPE:

WEIGHTED AVG. STATE OFFICE OFFICE/FLEX INDUSTRIAL/WAREHOUSE STAND-ALONE RETAIL BY STATE - ----------------------------------------------------------------------------------------------------------------------------------- New Jersey 94.8% 91.0% -- -- 94.2% New York 96.7% 98.4% 99.3% 100.0% 97.6% Pennsylvania 88.2% -- -- -- 88.2% Connecticut 92.2% 100.0% -- -- 95.4% Washington, D.C./ Maryland 99.1% -- -- -- 99.1% - ----------------------------------------------------------------------------------------------------------------------------------- SUB-TOTAL NORTHEAST 94.6% 95.0% 99.3% 100.0% 94.8% - ----------------------------------------------------------------------------------------------------------------------------------- Texas 79.8% -- -- -- 79.8% Arizona 100.0% -- -- -- 100.0% California 97.4% -- -- -- 97.4% Colorado 88.4% -- -- -- 88.4% Florida 91.4% -- -- -- 91.4% - ----------------------------------------------------------------------------------------------------------------------------------- WEIGHTED AVG. BY TYPE: 93.5% 95.0% 99.3% 100.0% 93.9% ===================================================================================================================================

(a) Excludes 7 properties, aggregating approximately 1.6 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 June 30, 2002 46 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- ATLANTIC COUNTY, NEW JERSEY EGG HARBOR 100 Decadon Drive..................... 1987 40,422 100.0 889 0.18 21.99 200 Decadon Drive..................... 1991 39,922 100.0 738 0.15 18.49 BERGEN COUNTY, NEW JERSEY FAIR LAWN 17-17 Route 208 North................. 1987 143,000 99.7 3,463 0.72 24.29 FORT LEE One Bridge Plaza...................... 1981 200,000 98.6 4,887 1.01 24.78 2115 Linwood Avenue................... 1981 68,000 99.7 1,734 0.36 25.58 LITTLE FERRY 200 Riser Road........................ 1974 286,628 100.0 2,495 0.52 8.70 MONTVALE 95 Chestnut Ridge Road................ 1975 47,700 100.0 566 0.12 11.87 135 Chestnut Ridge Road............... 1981 66,150 100.0 1,556 0.32 23.52 PARAMUS 15 East Midland Avenue................ 1988 259,823 100.0 6,725 1.39 25.88 461 From Road......................... 1988 253,554 99.8 6,050 1.25 23.91 650 From Road......................... 1978 348,510 90.5 7,232 1.50 22.93 140 Ridgewood Avenue ................. 1981 239,680 100.0 5,229 1.08 21.82 61 South Paramus Avenue............... 1985 269,191 99.3 6,382 1.32 23.88 ROCHELLE PARK 120 Passaic Street.................... 1972 52,000 99.6 1,370 0.28 26.45 365 West Passaic Street............... 1976 212,578 97.6 4,266 0.88 20.56 SADDLE RIVER 1 Lake Street......................... 1973/94 474,801 100.0 7,465 1.55 15.72 UPPER SADDLE RIVER 10 Mountainview Road.................. 1986 192,000 98.0 3,971 0.82 21.10 WOODCLIFF LAKE 400 Chestnut Ridge Road............... 1982 89,200 100.0 2,124 0.44 23.81 470 Chestnut Ridge Road............... 1987 52,500 100.0 1,192 0.25 22.70 530 Chestnut Ridge Road............... 1986 57,204 100.0 1,166 0.24 20.38 50 Tice Boulevard..................... 1984 235,000 95.0 5,500 1.14 24.64 300 Tice Boulevard.................... 1991 230,000 99.8 4,881 1.01 21.26 BURLINGTON COUNTY, NEW JERSEY MOORESTOWN 224 Strawbridge Drive................. 1984 74,000 100.0 1,479 0.31 19.99 228 Strawbridge Drive................. 1984 74,000 100.0 1,434 0.30 19.38 ESSEX COUNTY, NEW JERSEY MILLBURN 150 J.F. Kennedy Parkway.............. 1980 247,476 90.0 6,017 1.25 27.01 ROSELAND 101 Eisenhower Parkway................ 1980 237,000 80.5 4,617 0.96 24.20 103 Eisenhower Parkway................ 1985 151,545 85.5 3,182 0.66 24.56 105 Eisenhower Parkway................ 2001 220,000 64.8 3,466 0.72 24.31

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 47 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- HUDSON COUNTY, NEW JERSEY JERSEY CITY Harborside Financial Center Plaza 1... 1983 400,000 99.0 3,353 0.70 8.47 Harborside Financial Center Plaza 2... 1990 761,200 100.0 19,294 4.00 25.35 Harborside Financial Center Plaza 3... 1990 725,600 100.0 18,389 3.81 25.34 Harborside Financial Center Plaza 4-A (c) 2000 207,670 94.0 6,937 1.44 39.64 MERCER COUNTY, NEW JERSEY PRINCETON 103 Carnegie Center................... 1984 96,000 88.3 2,210 0.46 26.07 100 Overlook Center................... 1988 149,600 100.0 3,750 0.78 25.07 5 Vaughn Drive........................ 1987 98,500 79.3 1,944 0.40 24.89 MIDDLESEX COUNTY, NEW JERSEY EAST BRUNSWICK 377 Summerhill Road................... 1977 40,000 100.0 373 0.08 9.33 PLAINSBORO 500 College Road East................. 1984 158,235 100.0 3,361 0.70 21.24 SOUTH BRUNSWICK 3 Independence Way.................... 1983 111,300 30.9 2,010 0.42 58.44 WOODBRIDGE 581 Main Street....................... 1991 200,000 100.0 4,885 1.01 24.43 MONMOUTH COUNTY, NEW JERSEY NEPTUNE 3600 Route 66......................... 1989 180,000 100.0 2,410 0.50 13.39 WALL TOWNSHIP 1305 Campus Parkway................... 1988 23,350 92.4 396 0.08 18.35 1350 Campus Parkway................... 1990 79,747 99.9 1,430 0.30 17.95 MORRIS COUNTY, NEW JERSEY FLORHAM PARK 325 Columbia Turnpike................. 1987 168,144 100.0 4,417 0.92 26.27 MORRIS PLAINS 250 Johnson Road...................... 1977 75,000 100.0 1,594 0.33 21.25 201 Littleton Road.................... 1979 88,369 80.3 1,597 0.33 22.51 MORRIS TOWNSHIP 340 Mt. Kemble Avenue................. 1985 387,000 100.0 5,530 1.15 14.29 PARSIPPANY 4 Campus Drive ....................... 1983 147,475 86.8 3,306 0.69 25.83 6 Campus Drive ....................... 1983 148,291 80.7 3,251 0.67 27.17 7 Campus Drive........................ 1982 154,395 100.0 2,037 0.42 13.19 8 Campus Drive........................ 1987 215,265 100.0 5,579 1.16 25.92 9 Campus Drive (e).................... 1983 156,495 96.7 4,531 0.94 29.94 2 Dryden Way.......................... 1990 6,216 100.0 91 0.02 14.64 4 Gatehall Drive...................... 1988 248,480 96.0 5,890 1.22 24.69 2 Hilton Court........................ 1991 181,592 100.0 4,654 0.97 25.63 600 Parsippany Road................... 1978 96,000 79.9 1,473 0.31 19.20 1 Sylvan Way.......................... 1989 150,557 100.0 3,506 0.73 23.29 5 Sylvan Way.......................... 1989 151,383 100.0 4,005 0.83 26.46 7 Sylvan Way.......................... 1987 145,983 100.0 2,917 0.60 19.98

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 48 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- PASSAIC COUNTY, NEW JERSEY CLIFTON 777 Passaic Avenue.................... 1983 75,000 98.0 1,484 0.31 20.19 TOTOWA 999 Riverview Drive................... 1988 56,066 68.9 690 0.14 17.86 WAYNE 201 Willowbrook Boulevard............. 1970 178,329 49.9 1,311 0.27 14.73 SOMERSET COUNTY, NEW JERSEY BASKING RIDGE 222 Mt. Airy Road..................... 1986 49,000 100.0 736 0.15 15.02 233 Mt. Airy Road..................... 1987 66,000 100.0 1,315 0.27 19.92 BERNARDS 106 Allen Road (c).................... 2000 132,010 66.7 2,220 0.46 25.21 BRIDGEWATER 721 Route 202/206..................... 1989 192,741 100.0 4,459 0.92 23.13 UNION COUNTY, NEW JERSEY CLARK 100 Walnut Avenue..................... 1985 182,555 100.0 4,303 0.90 23.57 CRANFORD 6 Commerce Drive...................... 1973 56,000 93.1 1,072 0.22 20.56 11 Commerce Drive (f)................. 1981 90,000 95.8 1,119 0.23 12.98 12 Commerce Drive..................... 1967 72,260 84.1 955 0.20 15.71 20 Commerce Drive..................... 1990 176,600 99.6 4,303 0.89 24.46 65 Jackson Drive...................... 1984 82,778 100.0 1,696 0.35 20.49 NEW PROVIDENCE 890 Mountain Road..................... 1977 80,000 100.0 2,124 0.45 26.55 - --------------------------------------------------------------------------------------------------------------------------- TOTAL NEW JERSEY OFFICE 12,103,070 94.8 252,983 52.46 22.05 - --------------------------------------------------------------------------------------------------------------------------- DUTCHESS COUNTY, NEW YORK FISHKILL 300 Westage Business Center Drive..... 1987 118,727 97.9 2,186 0.45 18.81 NASSAU COUNTY, NEW YORK NORTH HEMPSTEAD 600 Community Drive (g)............... 1983 237,274 100.0 5,476 1.14 23.08 111 East Shore Road................... 1980 55,575 100.0 1,518 0.31 27.31 ROCKLAND COUNTY, NEW YORK SUFFERN 400 Rella Boulevard................... 1988 180,000 100.0 4,077 0.85 22.65 WESTCHESTER COUNTY, NEW YORK ELMSFORD 100 Clearbrook Road (f)............... 1975 60,000 100.0 976 0.20 16.27 101 Executive Boulevard............... 1971 50,000 81.6 719 0.15 17.62 555 Taxter Road....................... 1986 170,554 99.7 4,009 0.83 23.58 565 Taxter Road....................... 1988 170,554 90.5 3,808 0.79 24.67 570 Taxter Road....................... 1972 75,000 97.0 1,672 0.35 22.98

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 49 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- HAWTHORNE 1 Skyline Drive....................... 1980 20,400 99.0 305 0.06 15.10 2 Skyline Drive....................... 1987 30,000 98.9 465 0.10 15.67 7 Skyline Drive....................... 1987 109,000 81.5 1,919 0.40 21.60 17 Skyline Drive...................... 1989 85,000 100.0 1,360 0.28 16.00 19 Skyline Drive...................... 1982 248,400 100.0 4,468 0.93 17.99 TARRYTOWN 200 White Plains Road................. 1982 89,000 88.5 1,440 0.30 18.28 220 White Plains Road................. 1984 89,000 95.1 2,224 0.46 26.28 WHITE PLAINS 1 Barker Avenue....................... 1975 68,000 96.3 1,696 0.35 25.90 3 Barker Avenue....................... 1983 65,300 94.1 1,276 0.26 20.77 50 Main Street........................ 1985 309,000 99.8 8,614 1.79 27.93 11 Martine Avenue..................... 1987 180,000 100.0 4,563 0.95 25.35 1 Water Street........................ 1979 45,700 68.1 887 0.18 28.50 YONKERS 1 Executive Boulevard................. 1982 112,000 100.0 2,541 0.53 22.69 3 Executive Plaza..................... 1987 58,000 100.0 1,434 0.30 24.72 - --------------------------------------------------------------------------------------------------------------------------- TOTAL NEW YORK OFFICE 2,626,484 96.7 57,633 11.96 22.70 - --------------------------------------------------------------------------------------------------------------------------- CHESTER COUNTY, PENNSYLVANIA BERWYN 1000 Westlakes Drive.................. 1989 60,696 87.3 1,543 0.32 29.12 1055 Westlakes Drive.................. 1990 118,487 55.2 1,524 0.32 23.30 1205 Westlakes Drive.................. 1988 130,265 97.6 2,621 0.54 20.62 1235 Westlakes Drive.................. 1986 134,902 83.7 2,811 0.58 24.90 DELAWARE COUNTY, PENNSYLVANIA LESTER 100 Stevens Drive..................... 1986 95,000 100.0 2,541 0.53 26.75 200 Stevens Drive..................... 1987 208,000 100.0 5,557 1.15 26.72 300 Stevens Drive..................... 1992 68,000 52.2 1,016 0.21 28.62 MEDIA 1400 Providence Road - Center I....... 1986 100,000 90.3 2,056 0.43 22.77 1400 Providence Road - Center II...... 1990 160,000 80.2 2,892 0.60 22.54 MONTGOMERY COUNTY, PENNSYLVANIA LOWER PROVIDENCE 1000 Madison Avenue................... 1990 100,700 89.4 1,878 0.39 20.86 PLYMOUTH MEETING 1150 Plymouth Meeting Mall............ 1970 167,748 97.9 3,455 0.72 21.04 Five Sentry Parkway East.............. 1984 91,600 100.0 1,900 0.39 20.74 Five Sentry Parkway West.............. 1984 38,400 100.0 829 0.17 21.59 - --------------------------------------------------------------------------------------------------------------------------- TOTAL PENNSYLVANIA OFFICE 1,473,798 88.2 30,623 6.35 23.56 - --------------------------------------------------------------------------------------------------------------------------- FAIRFIELD COUNTY, CONNECTICUT GREENWICH 500 West Putnam Avenue................ 1973 121,250 85.0 3,039 0.63 29.49

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 50 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- NORWALK 40 Richards Avenue.................... 1985 145,487 91.2 3,258 0.68 24.55 SHELTON 1000 Bridgeport Avenue................ 1986 133,000 100.0 2,593 0.54 19.50 - --------------------------------------------------------------------------------------------------------------------------- TOTAL CONNECTICUT OFFICE 399,737 92.2 8,890 1.85 24.11 - --------------------------------------------------------------------------------------------------------------------------- WASHINGTON, D.C. 1201 Connecticut Avenue, NW........... 1940 169,549 100.0 5,102 1.06 30.09 1400 L Street, NW..................... 1987 159,000 100.0 6,143 1.27 38.64 - --------------------------------------------------------------------------------------------------------------------------- TOTAL DISTRICT OF COLUMBIA OFFICE 328,549 100.0 11,245 2.33 34.23 - --------------------------------------------------------------------------------------------------------------------------- PRINCE GEORGE'S COUNTY, MARYLAND LANHAM 4200 Parliament Place................. 1989 122,000 96.7 2,644 0.55 22.41 - --------------------------------------------------------------------------------------------------------------------------- TOTAL MARYLAND OFFICE 122,000 96.7 2,644 0.55 22.41 - --------------------------------------------------------------------------------------------------------------------------- BEXAR COUNTY, TEXAS SAN ANTONIO 84 N.E. Loop 410...................... 1971 187,312 92.2 2,815 0.58 16.30 111 Soledad........................... 1918 248,153 60.4 1,517 0.31 10.12 DALLAS COUNTY, TEXAS DALLAS 3030 LBJ Freeway (f).................. 1984 367,018 86.1 6,291 1.30 19.91 RICHARDSON 1122 Alma Road........................ 1977 82,576 100.0 607 0.13 7.35 HARRIS COUNTY, TEXAS HOUSTON 1770 St. James Place.................. 1973 103,689 65.6 1,185 0.25 17.42 - --------------------------------------------------------------------------------------------------------------------------- TOTAL TEXAS OFFICE 988,748 79.8 12,415 2.57 15.73 - --------------------------------------------------------------------------------------------------------------------------- MARICOPA COUNTY, ARIZONA GLENDALE 5551 West Talavi Boulevard............ 1991 181,596 100.0 1,666 0.35 9.17 PHOENIX 19640 North 31st Street............... 1990 124,171 100.0 1,568 0.33 12.63 SCOTTSDALE 9060 E. Via Linda Boulevard........... 1984 111,200 100.0 2,403 0.50 21.61 - --------------------------------------------------------------------------------------------------------------------------- TOTAL ARIZONA OFFICE 416,967 100.0 5,637 1.18 13.52 - --------------------------------------------------------------------------------------------------------------------------- ARAPAHOE COUNTY, COLORADO DENVER 400 South Colorado Boulevard.......... 1983 125,415 98.6 2,254 0.47 18.32 ENGLEWOOD 9359 East Nichols Avenue.............. 1997 72,610 100.0 894 0.19 12.31 5350 South Roslyn Street.............. 1982 63,754 93.7 1,225 0.25 20.51

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 51 PROPERTY LISTING OFFICE 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S)(b)(c) BASE RENT (%) ($) (c)(d) - --------------------------------------------------------------------------------------------------------------------------- BOULDER COUNTY, COLORADO BROOMFIELD 105 South Technology Court............ 1997 37,574 100.0 561 0.12 14.93 303 South Technology Court-A.......... 1997 34,454 100.0 407 0.08 11.81 303 South Technology Court-B.......... 1997 40,416 100.0 477 0.10 11.80 LOUISVILLE 248 Centennial Parkway................ 1996 39,266 100.0 526 0.11 13.40 1172 Century Drive.................... 1996 49,566 100.0 666 0.14 13.44 285 Century Place..................... 1997 69,145 100.0 1,110 0.23 16.05 DENVER COUNTY, COLORADO DENVER 3600 South Yosemite................... 1974 133,743 100.0 1,396 0.29 10.44 DOUGLAS COUNTY, COLORADO ENGLEWOOD 8181 East Tufts Avenue................ 2001 185,254 74.5 3,514 0.73 25.46 5975 South Quebec Street (f).......... 1996 102,877 43.4 1,273 0.26 28.51 400 Inverness Drive................... 1997 111,608 97.0 2,188 0.45 20.21 67 Inverness Drive East............... 1996 54,280 0.0 220 0.05 0.00 384 Inverness Drive South............. 1985 51,523 80.6 679 0.14 16.35 PARKER 9777 Mount Pyramid Court.............. 1995 120,281 100.0 1,367 0.28 11.37 EL PASO COUNTY, COLORADO COLORADO SPRINGS 8415 Explorer......................... 1998 47,368 100.0 602 0.12 12.71 1975 Research Parkway................. 1997 115,250 100.0 1,660 0.34 14.40 2375 Telstar Drive.................... 1998 47,369 100.0 602 0.12 12.71 JEFFERSON COUNTY, COLORADO LAKEWOOD 141 Union Boulevard................... 1985 63,600 95.5 1,125 0.23 18.52 - --------------------------------------------------------------------------------------------------------------------------- TOTAL COLORADO OFFICE 1,565,353 88.4 22,746 4.70 16.44 - --------------------------------------------------------------------------------------------------------------------------- SAN FRANCISCO COUNTY, CALIFORNIA SAN FRANCISCO 795 Folsom Street..................... 1977 183,445 100.0 7,021 1.46 38.27 760 Market Street..................... 1908 267,446 95.6 8,679 1.80 33.94 - --------------------------------------------------------------------------------------------------------------------------- TOTAL CALIFORNIA OFFICE 450,891 97.4 15,700 3.26 35.75 - --------------------------------------------------------------------------------------------------------------------------- HILLSBOROUGH COUNTY, FLORIDA TAMPA 501 Kennedy Boulevard (h)............. 1982 297,429 91.4 3,769 0.78 13.86 - --------------------------------------------------------------------------------------------------------------------------- TOTAL FLORIDA OFFICE 297,429 91.4 3,769 0.78 13.86 - --------------------------------------------------------------------------------------------------------------------------- TOTAL OFFICE PROPERTIES 20,773,026 93.5 424,285 87.99 21.84 ===========================================================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 52 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 6/30/02 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 61.4 275 0.06 6.94 5 Terri Lane.......................... 1992 74,555 82.2 514 0.11 8.39 MOORESTOWN 2 Commerce Drive...................... 1986 49,000 100.0 398 0.08 8.12 101 Commerce Drive.................... 1988 64,700 100.0 336 0.07 5.19 102 Commerce Drive.................... 1987 38,400 87.5 201 0.04 5.98 201 Commerce Drive.................... 1986 38,400 75.0 201 0.04 6.98 202 Commerce Drive.................... 1988 51,200 25.3 190 0.04 14.67 1 Executive Drive..................... 1989 20,570 100.0 216 0.04 10.50 2 Executive Drive .................... 1988 60,800 81.6 367 0.08 7.40 101 Executive Drive................... 1990 29,355 84.7 290 0.06 11.66 102 Executive Drive................... 1990 64,000 79.1 376 0.08 7.43 225 Executive Drive................... 1990 50,600 100.0 344 0.07 6.80 97 Foster Road........................ 1982 43,200 59.8 166 0.03 6.43 1507 Lancer Drive..................... 1995 32,700 100.0 143 0.03 4.37 1510 Lancer Drive..................... 1998 88,000 100.0 370 0.08 4.20 1245 North Church Street.............. 1998 52,810 100.0 377 0.08 7.14 1247 North Church Street.............. 1998 52,790 100.0 461 0.10 8.73 1256 North Church Street.............. 1984 63,495 100.0 318 0.07 5.01 840 North Lenola Road................. 1995 38,300 100.0 218 0.05 5.69 844 North Lenola Road................. 1995 28,670 58.6 196 0.04 11.67 915 North Lenola Road................. 1998 52,488 100.0 267 0.06 5.09 2 Twosome Drive....................... 2000 48,600 100.0 391 0.08 8.05 30 Twosome Drive...................... 1997 39,675 100.0 209 0.04 5.27 31 Twosome Drive ..................... 1998 84,200 100.0 438 0.09 5.20 40 Twosome Drive...................... 1996 40,265 93.4 267 0.06 7.10 41 Twosome Drive...................... 1998 43,050 100.0 283 0.06 6.57 50 Twosome Drive...................... 1997 34,075 100.0 252 0.05 7.40 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 69,780 100.0 1,031 0.21 14.78 500 Horizon Drive..................... 1990 41,205 100.0 497 0.10 12.06 MONMOUTH COUNTY, NEW JERSEY WALL TOWNSHIP 1325 Campus Parkway................... 1988 35,000 100.0 466 0.10 13.31 1340 Campus Parkway................... 1992 72,502 100.0 878 0.18 12.11 1345 Campus Parkway................... 1995 76,300 80.5 643 0.13 10.47 1433 Highway 34....................... 1985 69,020 65.1 595 0.12 13.24 1320 Wyckoff Avenue................... 1986 20,336 100.0 176 0.04 8.65 1324 Wyckoff Avenue................... 1987 21,168 100.0 220 0.05 10.39 PASSAIC COUNTY, NEW JERSEY TOTOWA 1 Center Court........................ 1999 38,961 100.0 494 0.10 12.68 2 Center Court........................ 1998 30,600 99.3 348 0.07 11.45

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 53 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S) (b)(c) BASE RENT (%) ($) (c)(d) - ----------------------------------------------------------------------------------------------------------------------------- 11 Commerce Way....................... 1989 47,025 100.0 513 0.11 10.91 20 Commerce Way....................... 1992 42,540 75.9 402 0.08 12.45 29 Commerce Way....................... 1990 48,930 100.0 386 0.08 7.89 40 Commerce Way....................... 1987 50,576 100.0 566 0.12 11.19 45 Commerce Way....................... 1992 51,207 100.0 505 0.10 9.86 60 Commerce Way....................... 1988 50,333 93.1 455 0.09 9.71 80 Commerce Way....................... 1996 22,500 100.0 284 0.06 12.62 100 Commerce Way...................... 1996 24,600 100.0 310 0.06 12.60 120 Commerce Way...................... 1994 9,024 100.0 101 0.02 11.19 140 Commerce Way...................... 1994 26,881 99.5 300 0.06 11.22 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL NEW JERSEY OFFICE/FLEX 2,277,531 91.0 18,104 3.75 8.73 - ---------------------------------------------------------------------------------------------------------------------------- WESTCHESTER COUNTY, NEW YORK ELMSFORD 11 Clearbrook Road.................... 1974 31,800 100.0 379 0.08 11.92 75 Clearbrook Road.................... 1990 32,720 100.0 816 0.17 24.94 125 Clearbrook Road (e)............... 2002 33,000 100.0 674 0.14 20.42 150 Clearbrook Road................... 1975 74,900 100.0 1,121 0.23 14.97 175 Clearbrook Road................... 1973 98,900 96.8 1,491 0.31 15.57 200 Clearbrook Road................... 1974 94,000 99.8 1,186 0.25 12.64 250 Clearbrook Road................... 1973 155,000 95.1 1,344 0.28 9.12 50 Executive Boulevard................ 1969 45,200 97.5 280 0.06 6.35 77 Executive Boulevard................ 1977 13,000 100.0 163 0.03 12.54 85 Executive Boulevard................ 1968 31,000 99.4 449 0.09 14.57 300 Executive Boulevard............... 1970 60,000 100.0 610 0.13 10.17 350 Executive Boulevard............... 1970 15,400 98.8 296 0.06 19.45 399 Executive Boulevard............... 1962 80,000 100.0 986 0.20 12.33 400 Executive Boulevard............... 1970 42,200 100.0 666 0.14 15.78 500 Executive Boulevard............... 1970 41,600 100.0 667 0.14 16.03 525 Executive Boulevard............... 1972 61,700 100.0 885 0.18 14.34 1 Westchester Plaza................... 1967 25,000 100.0 306 0.06 12.24 2 Westchester Plaza................... 1968 25,000 100.0 456 0.09 18.24 3 Westchester Plaza................... 1969 93,500 91.4 1,339 0.28 15.67 4 Westchester Plaza................... 1969 44,700 99.8 628 0.13 14.08 5 Westchester Plaza................... 1969 20,000 100.0 299 0.06 14.95 6 Westchester Plaza................... 1968 20,000 100.0 311 0.06 15.55 7 Westchester Plaza................... 1972 46,200 100.0 654 0.14 14.16 8 Westchester Plaza................... 1971 67,200 100.0 929 0.19 13.82 HAWTHORNE 200 Saw Mill River Road............... 1965 51,100 100.0 644 0.13 12.60 4 Skyline Drive....................... 1987 80,600 94.7 1,440 0.30 18.87 5 Skyline Drive (e)................... 1980 124,022 100.0 1,596 0.33 12.87 6 Skyline Drive (e)................... 1980 44,155 100.0 726 0.15 16.43 8 Skyline Drive....................... 1985 50,000 98.7 562 0.12 11.39 10 Skyline Drive...................... 1985 20,000 100.0 283 0.06 14.15 11 Skyline Drive...................... 1989 45,000 100.0 723 0.15 16.07 12 Skyline Drive...................... 1999 46,850 100.0 806 0.17 17.20 15 Skyline Drive...................... 1989 55,000 100.0 1,031 0.21 18.75

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 54 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 6/30/02 RENT WAREHOUSE PER SQ. FT. LOCATION BUILT (SQ. FT.) (%)(a) ($000'S) (b)(c) BASE RENT (%) ($) (c)(d) - ----------------------------------------------------------------------------------------------------------------------------- YONKERS 100 Corporate Boulevard............... 1987 78,000 98.2 1,364 0.28 17.81 200 Corporate Boulevard South......... 1990 84,000 92.5 1,364 0.28 17.55 4 Executive Plaza..................... 1986 80,000 99.0 1,111 0.23 14.03 6 Executive Plaza..................... 1987 80,000 100.0 1,226 0.25 15.33 1 Odell Plaza......................... 1980 106,000 99.9 1,271 0.26 12.00 5 Odell Plaza......................... 1983 38,400 99.6 622 0.13 16.26 7 Odell Plaza......................... 1984 42,600 95.9 655 0.14 16.03 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL NEW YORK OFFICE/FLEX 2,277,747 98.4 32,359 6.69 14.43 - ---------------------------------------------------------------------------------------------------------------------------- FAIRFIELD COUNTY, CONNECTICUT STAMFORD 419 West Avenue....................... 1986 88,000 100.0 1,136 0.25 12.91 500 West Avenue....................... 1988 25,000 100.0 309 0.06 12.36 550 West Avenue....................... 1990 54,000 100.0 890 0.18 16.48 600 West Avenue....................... 1999 66,000 100.0 826 0.18 12.52 650 West Avenue....................... 1998 40,000 100.0 541 0.11 13.53 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL CONNECTICUT OFFICE/FLEX 273,000 100.0 3,702 0.78 13.56 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL OFFICE/FLEX PROPERTIES 4,828,278 95.0 54,165 11.22 11.81 ============================================================================================================================

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 55 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 6/30/02 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 96.3 125 0.04 11.91 3 Warehouse Lane........... 1957 77,200 100.0 290 0.06 3.76 4 Warehouse Lane........... 1957 195,500 100.0 1,953 0.41 9.99 5 Warehouse Lane........... 1957 75,100 97.1 785 0.16 10.76 6 Warehouse Lane........... 1982 22,100 100.0 511 0.11 23.12 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL INDUSTRIAL/WAREHOUSE PROPERTIES 387,400 99.3 3,736 0.79 9.71 - ---------------------------------------------------------------------------------------------------------------------------- TOTAL OFFICE, OFFICE/FLEX, AND INDUSTRIAL/WAREHOUSE PROPERTIES 25,988,704 93.9 482,186 100.00 19.76 ============================================================================================================================

(a) Based on all leases in effect as of June 30, 2002. (b) Total base rent for 12 months ended June 30, 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 June 30, 2002. (d) Base rent for 12 months ended June 30, 2002 divided by net rentable square feet leased at June 30, 2002. For those properties acquired or placed in service during the 12 months ended June 30, 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 June 30, 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 June 30, 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. (h) The property was sold by the Company in July 2002. - -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 56 SIGNIFICANT TENANTS The following table sets forth a schedule of the Company's 20 largest tenants for the Consolidated Properties as of June 30, 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 9,856,447 2.1 395,955 1.6 2007(b) Donaldson, Lufkin & Jenrette Securities Corp. 1 8,382,273 1.8 271,953 1.1 2012(c) AT&T Corporation 2 7,268,746 1.5 450,278 1.9 2009(d) Keystone Mercy Health Plan 2 7,017,899 1.5 303,149 1.3 2015 Prentice-Hall Inc. 1 6,744,495 1.4 474,801 2.0 2014 IBM Corporation 3 6,250,705 1.3 353,617 1.5 2007(e) Nabisco Inc. 3 6,066,357 1.3 340,746 1.4 2006(f) American Institute of Certified Public Accountants 1 5,817,181 1.2 249,768 1.0 2012 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 0.8 2015 Allstate Insurance Company 9 5,247,116 1.1 233,858 1.0 2009(g) CMP Media Inc. 1 4,817,298 1.0 237,274 1.0 2014 Winston & Strawn 1 4,481,692 1.0 108,100 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 0.9 163,253 0.7 2010(h) Move.com Operations, Inc. 1 3,891,597 0.8 94,917 0.4 2006 KPMG, LLP 2 3,656,455 0.8 143,714 0.6 2012(i) Bank of Tokyo - Mitsubishi Ltd. 1 3,378,923 0.7 137,076 0.6 2009 Bankers Trust Harborside 1 3,272,500 0.7 385,000 1.6 2003 URS Greiner/Woodward-Clyde 1 3,200,603 0.7 123,085 0.5 2011 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 108,352,349 22.9 5,114,303 21.3 ====================================================================================================================================

(a) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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) 205,776 square feet expire October 2011; 66,177 square feet expire January 2012. (d) 63,278 square feet expire May 2004; 387,000 square feet expire January 2009. (e) 20,218 square feet expire January 2005; 85,000 square feet expire December 2005; 248,399 square feet expire December 2007. (f) 300,378 square feet expire December 2005; 40,368 square feet expire March 2006. (g) 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; 59,562 square feet expire April 2008; 11,500 square feet expire April 2009. (h) 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. (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 June 30, 2002 57 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 July 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 178 898,022 3.7 17,191,195 19.14 3.6 2003 438 3,263,357 13.6 54,436,330 16.68 11.5 2004 370 2,294,191 9.5 44,855,310 19.55 9.5 2005 400 3,123,544 13.0 60,795,799 19.46 12.9 2006 323 2,614,040 10.9 55,046,740 21.06 11.7 2007 243 2,515,310 10.5 51,997,119 20.67 11.0 2008 115 1,797,970 7.5 33,209,358 18.47 7.0 2009 69 1,454,533 6.0 27,560,893 18.95 5.8 2010 90 1,251,023 5.2 24,547,648 19.62 5.2 2011 75 1,691,663 7.0 38,435,618 22.72 8.1 2012 45 1,175,345 4.9 27,226,403 23.16 5.8 2013 and thereafter 30 1,965,502 8.2 37,493,781 19.08 7.9 - ---------------------------------------------------------------------------------------------------------------------------- Totals/Weighted Average 2,376 24,044,500 100.0 472,796,194 19.66 100.0 ============================================================================================================================

(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 June 30, 2002. (c) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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 24,044,500 Square footage used for corporate offices, management offices, building use, retail tenants, food services, other ancillary service tenants and occupancy adjustments 373,841 Square footage unleased 1,587,663 ----------- Total net rentable square footage (does not include residential, land lease, or not-in-service properties) 26,006,004 ===========

- -------------------------------------------------------------------------------- Mack-Cali Realty Corporation Supplemental Operating and Financial Data for the Quarter Ended June 30, 2002 58 SCHEDULE OF LEASE EXPIRATIONS OFFICE PROPERTIES The following table sets forth a schedule of lease expirations for the office properties beginning July 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 146 737,505 3.9 15,246,740 20.67 3.7 2003 343 2,459,737 12.9 46,691,323 18.98 11.3 2004 295 1,634,074 8.6 37,216,393 22.78 9.0 2005 309 2,299,384 12.1 51,492,550 22.39 12.5 2006 267 2,123,003 11.1 48,560,342 22.87 11.8 2007 190 1,950,944 10.2 44,741,322 22.93 10.8 2008 91 1,429,830 7.5 29,409,257 20.57 7.1 2009 49 1,260,695 6.6 25,081,828 19.90 6.1 2010 59 847,681 4.5 18,215,420 21.49 4.4 2011 62 1,487,329 7.8 35,520,722 23.88 8.6 2012 33 1,024,778 5.4 25,087,857 24.48 6.1 2013 and thereafter 25 1,799,067 9.4 35,418,408 19.69 8.6 - ---------------------------------------------------------------------------------------------------------------------------- Totals/Weighted Average 1,869 19,054,027 100.0 412,682,162 21.66 100.0 ============================================================================================================================

(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 June 30, 2002. (c) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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 June 30, 2002 59 SCHEDULE OF LEASE EXPIRATIONS OFFICE/FLEX PROPERTIES The following table sets forth a schedule of lease expirations for the office/flex properties beginning July 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 29 153,742 3.3 1,875,535 12.20 3.3 2003 89 671,794 14.6 6,874,689 10.23 12.3 2004 67 467,297 10.2 5,311,597 11.37 9.5 2005 87 794,228 17.3 8,993,415 11.32 16.1 2006 56 491,037 10.7 6,486,398 13.21 11.6 2007 48 543,071 11.8 6,977,107 12.85 12.5 2008 24 368,140 8.0 3,800,101 10.32 6.8 2009 19 182,038 4.0 2,372,865 13.03 4.2 2010 31 403,342 8.8 6,332,228 15.70 11.3 2011 13 204,334 4.5 2,914,896 14.27 5.2 2012 12 150,567 3.3 2,138,546 14.20 3.8 2013 and thereafter 4 158,435 3.5 1,900,373 11.99 3.4 - ---------------------------------------------------------------------------------------------------------------------------- Totals/Weighted Average 479 4,588,025 100.0 55,977,750 12.20 100.0 ============================================================================================================================

(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 June 30, 2002. (c) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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 June 30, 2002 60 SCHEDULE OF LEASE EXPIRATIONS INDUSTRIAL/WAREHOUSE PROPERTIES The following table sets forth a schedule of lease expirations for the industrial/warehouse properties beginning July 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 3 6,775 1.8 68,920 10.17 1.9 2003 6 131,826 34.2 870,318 6.60 23.1 2004 7 183,520 47.6 2,132,320 11.62 56.6 2005 4 29,932 7.8 309,834 10.35 8.2 2007 5 21,295 5.5 278,690 13.09 7.4 2009 1 11,800 3.1 106,200 9.00 2.8 - ---------------------------------------------------------------------------------------------------------------------------- Totals/Weighted Average 26 385,148 100.0 3,766,282 9.78 100.0 ============================================================================================================================

(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 June 30, 2002. (c) Annualized base rental revenue is based on actual June 2002 billings times 12. For leases whose rent commences after July 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 July 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 June 2002 billings times 12. For leases whose rent commences after July 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 June 30, 2002 61