Consolidated Statements Of Operations - USD ($)
shares in Thousands |
12 Months Ended |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
| REVENUES |
|
|
|
| Revenue from leases |
$ 272,970,000
|
$ 302,409,000
|
$ 323,793,000
|
| Total revenues |
313,562,000
|
357,202,000
|
371,724,000
|
| EXPENSES |
|
|
|
| Real estate taxes |
45,825,000
|
44,817,000
|
45,178,000
|
| Utilities |
13,717,000
|
17,881,000
|
23,799,000
|
| Operating services |
68,313,000
|
70,409,000
|
70,849,000
|
| Real estate services expenses |
13,555,000
|
15,918,000
|
17,919,000
|
| General and administrative |
73,641,000
|
59,805,000
|
53,869,000
|
| Depreciation and amortization |
122,035,000
|
133,597,000
|
113,817,000
|
| Property impairments |
36,582,000
|
|
|
| Land and other impairments |
16,817,000
|
32,444,000
|
24,566,000
|
| Total expenses |
390,485,000
|
374,871,000
|
349,997,000
|
| OTHER (EXPENSE) INCOME |
|
|
|
| Interest expense |
(80,991,000)
|
(90,569,000)
|
(77,594,000)
|
| Interest and other investment income (loss) |
43,000
|
2,412,000
|
3,220,000
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(3,832,000)
|
(1,319,000)
|
(127,000)
|
| Gain on change of control of interests |
|
13,790,000
|
14,217,000
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
5,481,000
|
343,102,000
|
99,436,000
|
| Gain on disposition of developable land |
5,787,000
|
522,000
|
30,939,000
|
| Gain on sale from unconsolidated joint ventures |
35,184,000
|
903,000
|
|
| Gain (loss) from extinguishment of debt, net |
(272,000)
|
1,648,000
|
(8,994,000)
|
| Total other income (expense) |
(38,600,000)
|
270,489,000
|
61,097,000
|
| Net income (loss) from continuing operations |
(115,523,000)
|
252,820,000
|
82,824,000
|
| Discontinued operations: |
|
|
|
| Income from discontinued operations |
70,724,000
|
24,366,000
|
23,577,000
|
| Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net |
11,201,000
|
(133,350,000)
|
|
| Total discontinued operations, net |
81,925,000
|
(108,984,000)
|
23,577,000
|
| Net income (loss) |
(33,598,000)
|
143,836,000
|
106,401,000
|
| Noncontrolling interests in consolidated joint ventures |
2,695,000
|
3,904,000
|
1,216,000
|
| Noncontrolling interests in Operating Partnership of income from continuing operations |
13,279,000
|
(23,720,000)
|
(7,127,000)
|
| Noncontrolling interests in Operating Partnership in discontinued operations |
(7,880,000)
|
10,456,000
|
(2,400,000)
|
| Redeemable noncontrolling interests |
(25,883,000)
|
(22,615,000)
|
(13,979,000)
|
| Net income (loss) available to common shareholders |
$ (51,387,000)
|
$ 111,861,000
|
$ 84,111,000
|
| Basic earnings per common share: |
|
|
|
| Income (loss) from continuing operations |
$ (1.51)
|
$ 2.04
|
$ 0.57
|
| Discontinued operations |
0.81
|
(1.09)
|
0.23
|
| Net income (loss) available to common shareholders |
(0.70)
|
0.95
|
0.80
|
| Diluted earnings per common share: |
|
|
|
| Income (loss) from continuing operations |
(1.51)
|
2.04
|
0.57
|
| Discontinued operations |
0.81
|
(1.09)
|
0.23
|
| Net income (loss) available to common shareholders |
$ (0.70)
|
$ 0.95
|
$ 0.80
|
| Basic weighted average shares outstanding |
90,648
|
90,557
|
90,388
|
| Diluted weighted average shares outstanding |
100,260
|
100,689
|
100,724
|
| Real Estate Services [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
$ 11,390,000
|
$ 13,873,000
|
$ 17,094,000
|
| Parking Income [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
15,604,000
|
21,857,000
|
21,907,000
|
| Hotel [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
4,287,000
|
9,841,000
|
|
| Other Income [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
9,311,000
|
9,222,000
|
8,930,000
|
| Mack-Cali Realty LP [Member] |
|
|
|
| REVENUES |
|
|
|
| Revenue from leases |
272,970,000
|
302,409,000
|
323,793,000
|
| Total revenues |
313,562,000
|
357,202,000
|
371,724,000
|
| EXPENSES |
|
|
|
| Real estate taxes |
45,825,000
|
44,817,000
|
45,178,000
|
| Utilities |
13,717,000
|
17,881,000
|
23,799,000
|
| Operating services |
68,313,000
|
70,409,000
|
70,849,000
|
| Real estate services expenses |
13,555,000
|
15,918,000
|
17,919,000
|
| General and administrative |
73,641,000
|
59,805,000
|
53,869,000
|
| Depreciation and amortization |
122,035,000
|
133,597,000
|
113,817,000
|
| Property impairments |
36,582,000
|
|
|
| Land and other impairments |
16,817,000
|
32,444,000
|
24,566,000
|
| Total expenses |
390,485,000
|
374,871,000
|
349,997,000
|
| OTHER (EXPENSE) INCOME |
|
|
|
| Interest expense |
(80,991,000)
|
(90,569,000)
|
(77,594,000)
|
| Interest and other investment income (loss) |
43,000
|
2,412,000
|
3,220,000
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(3,832,000)
|
(1,319,000)
|
(127,000)
|
| Gain on change of control of interests |
|
13,790,000
|
14,217,000
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
5,481,000
|
343,102,000
|
99,436,000
|
| Gain on disposition of developable land |
5,787,000
|
522,000
|
30,939,000
|
| Gain on sale from unconsolidated joint ventures |
35,184,000
|
903,000
|
|
| Gain (loss) from extinguishment of debt, net |
(272,000)
|
1,648,000
|
(8,994,000)
|
| Total other income (expense) |
(38,600,000)
|
270,489,000
|
61,097,000
|
| Net income (loss) from continuing operations |
(115,523,000)
|
252,820,000
|
82,824,000
|
| Discontinued operations: |
|
|
|
| Income from discontinued operations |
70,724,000
|
24,366,000
|
23,577,000
|
| Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net |
11,201,000
|
(133,350,000)
|
|
| Total discontinued operations, net |
81,925,000
|
(108,984,000)
|
23,577,000
|
| Net income (loss) |
(33,598,000)
|
143,836,000
|
106,401,000
|
| Noncontrolling interests in consolidated joint ventures |
2,695,000
|
3,904,000
|
1,216,000
|
| Redeemable noncontrolling interests |
(25,883,000)
|
(22,615,000)
|
(13,979,000)
|
| Net income (loss) available to common shareholders |
$ (56,786,000)
|
$ 125,125,000
|
$ 93,638,000
|
| Basic earnings per common share: |
|
|
|
| Income (loss) from continuing operations |
$ (1.51)
|
$ 2.04
|
$ 0.57
|
| Discontinued operations |
0.81
|
(1.09)
|
0.23
|
| Net income (loss) available to common shareholders |
(0.70)
|
0.95
|
0.80
|
| Diluted earnings per common share: |
|
|
|
| Income (loss) from continuing operations |
(1.51)
|
2.04
|
0.57
|
| Discontinued operations |
0.81
|
(1.09)
|
0.23
|
| Net income (loss) available to common shareholders |
$ (0.70)
|
$ 0.95
|
$ 0.80
|
| Basic weighted average units outstanding |
100,260
|
100,520
|
100,634
|
| Diluted weighted average units outstanding |
100,260
|
100,689
|
100,724
|
| Mack-Cali Realty LP [Member] | Real Estate Services [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
$ 11,390,000
|
$ 13,873,000
|
$ 17,094,000
|
| Mack-Cali Realty LP [Member] | Parking Income [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
15,604,000
|
21,857,000
|
21,907,000
|
| Mack-Cali Realty LP [Member] | Hotel [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
4,287,000
|
9,841,000
|
|
| Mack-Cali Realty LP [Member] | Other Income [Member] |
|
|
|
| REVENUES |
|
|
|
| Total revenues |
$ 9,311,000
|
$ 9,222,000
|
$ 8,930,000
|