Exhibit 12.2

MACK-CALI REALTY CORPORATION
 CALCULATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND
 PREFERRED STOCK DIVIDENDS

 (DOLLAR AMOUNTS IN THOUSANDS)

Mack-Cali Realty Corporation's ratios of earnings to combined fixed charges and preferred stock dividends for each of the five years ended December 31, 2011 were as follows:


 
For the Year Ended December 31,
 
2011
2010
2009
2008
2007
EARNINGS:
         
ADD:
         
Income from continuing operations before
         
noncontrolling interest and equity in
         
earnings from unconsolidated joint ventures
$  79,365
$  56,474
$   85,868
$ 105,142
$   94,708
Fixed charges (see calculation below)
127,191
151,404
141,714
132,970
130,789
Amortization of capitalized interest
1,913
2,070
2,028
1,950
1,849
Distributed income of unconsolidated joint ventures
3,301
2,311
2,637
5,784
1,875
SUBTRACT:
         
Capitalized interest
(1,081)
(1,912)
(1,401)
(5,799)
(5,101)
TOTAL EARNINGS:
$ 210,689
$ 210,347
$ 230,846
$ 240,047
$ 224,120
FIXED CHARGES:
         
Interest expense (includes amortization of deferred financing costs)
$ 125,975
$ 149,329
$ 140,068
$ 126,937
$ 125,467
Capitalized interest
1,081
1,912
1,401
5,799
5,101
Interest portion (33 percent) of ground rents on land leases
135
163
245
234
221
TOTAL FIXED CHARGES:
$ 127,191
$ 151,404
$ 141,714
$ 132,970
$ 130,789
Preferred stock dividends
1,736
2,000
2,000
2,000
2,000
TOTAL COMBINED FIXED CHARGES AND PREFERRED
         
STOCK DIVIDENDS:
$ 128,927
$  153,404
$ 143,714
$ 134,970
$ 132,789
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
         
PREFERRED STOCK DIVIDENDS:
           1.6
           1.4
           1.6
           1.8
           1.7