Veris Residential, Inc. - 10-Q filing on 2011-07-28

Mack-Cali Realty Corporation Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2011

Mack-Cali Realty Corporation Stockholders' Equity

		Weighted	Aggregate
	Shares	Average	Intrinsic
	Under	Exercise	Value
	Options	Price	$(000's)
Outstanding as January 1, 2011	295,676	$29.05	$1,186
Exercised	(53,010)	$27.60
Outstanding at June 30, 2011 ($28.47 – $45.47)	242,666	$29.37	$ 867
Options exercisable at June 30, 2011	242,666
Available for grant at June 30, 2011	2,425,073

Schedule Of Restricted Stock Awards

		Weighted-Average
		Grant – Date
	Shares	Fair Value
Outstanding at January 1, 2011	239,759	$35.90
Vested	(82,078)	37.01
Outstanding at June 30, 2011	157,681	$35.32

Schedule Of Basic And Diluted Earnings Per Share

The following information presents the Company's results for the three months ended June 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share: (dollars in thousands)


	Three Months Ended
	June 30,
Computation of Basic EPS	2011			2010
Income from continuing operations	$	20,291		$	17,791
Add: Noncontrolling interest in consolidated joint ventures		102			86
Deduct: Noncontrolling interest in operating partnership		(2,560	)		(2,475	)
Deduct: Preferred stock dividends		(500	)		(500	)
Income from continuing operations available to common shareholders		17,333			14,902
Income (loss) from discontinued operations available to common
shareholders		--			3,823
Net income available to common shareholders	$	17,333		$	18,725

Weighted average common shares		86,936			79,203

Basic EPS:
Income from continuing operations available to common shareholders	$	0.20		$	0.19
Income (loss) from discontinued operations available to common
shareholders		--			0.05
Net income available to common shareholders	$	0.20		$	0.24


	Three Months Ended
	June 30,
Computation of Diluted EPS	2011		2010
Income from continuing operations available to common shareholders	$	17,333	$	14,902
Add: Noncontrolling interest in operating partnership		2,560		2,475
Income from continuing operations for diluted earnings per share		19,893		17,377
Income (loss) from discontinued operations for diluted earnings
per share		--		4,458
Net income available to common shareholders	$	19,893	$	21,835

Weighted average common shares		99,887		92,489

Diluted EPS:
Income from continuing operations available to common shareholders	$	0.20	$	0.19
Income (loss) from discontinued operations available to common
shareholders		--		0.05
Net income available to common shareholders	$	0.20	$	0.24

The following information presents the Company's results for the six months ended June 30, 2011 and 2010 in accordance with ASC 260, Earnings Per Share: (dollars in thousands)


	Six Months Ended
	June 30,
Computation of Basic EPS	2011			2010
Income from continuing operations	$	38,866		$	34,937
Add: Noncontrolling interest in consolidated joint ventures		212			173
Deduct: Noncontrolling interest in operating partnership		(5,016	)		(4,897	)
Deduct: Preferred stock dividends		(1,000	)		(1,000	)
Income from continuing operations available to common shareholders		33,062			29,213
Income (loss) from discontinued operations available to common
shareholders		--			4,021
Net income available to common shareholders	$	33,062		$	33,234

Weighted average common shares		84,953			79,089

Basic EPS:
Income from continuing operations available to common shareholders	$	0.39		$	0.37
Income (loss) from discontinued operations available to common
shareholders		--			0.05
Net income available to common shareholders	$	0.39		$	0.42


	Six Months Ended
	June 30,
Computation of Diluted EPS	2011		2010
Income from continuing operations available to common shareholders	$	33,062	$	29,213
Add: Noncontrolling interest in operating partnership		5,016		4,897
Income from continuing operations for diluted earnings per share		38,078		34,110
Income (loss) from discontinued operations for diluted earnings
per share		--		4,689
Net income available to common shareholders	$	38,078	$	38,799

Weighted average common shares		97,963		92,482

Diluted EPS:
Income from continuing operations available to common shareholders	$	0.39	$	0.37
Income (loss) from discontinued operations available to common
shareholders		--		0.05
Net income available to common shareholders	$	0.39	$	0.42

Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation


	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2011	2010	2011	2010
Basic EPS shares	86,936	79,203	84,953	79,089
Add:Operating Partnership – common units	12,840	13,155	12,896	13,259
Stock options	37	52	40	54
Restricted Stock Awards	74	79	74	80
Diluted EPS Shares	99,887	92,489	97,963	92,482