More than 8,000 firms traded on US exchanges were reviewed on the basis of transparent and conservative accounting practices as well as solid corporate governance and management. Specifically, over the past four quarters, companies must show no shareholder class action litigation, no amended filings or material restatements in addition to no substantial insider trading in comparison to peers.
Another criterion is the absence of flagged executive incentive compensation metrics within Audit Integrity's analysis over the past four quarters.To qualify, companies must achieve a score of four or five, with five being the highest. Mack-Cali, which ranked among mid-cap companies with a market capitalization of between $1 billion and $5 billion, was given a score of four.
"It is gratifying to be recognized and included among the list of distinguished companies and we congratulate our fellow honorees," said Mack-Cali president and CEO Mitchell E. Hersh in a statement.
Other commercial real estate operating companies included in the list were Realty Income, Duke Realty, HRPT Properties Trust and Weingarten Realty Investors.Mack-Cali owns or has interests in 294 office and office/flex properties with a total of 33.8 million square feet in the Northeast.
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