Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| REVENUES |
|
|
|
|
| Base rents |
$ 133,017
|
$ 124,223
|
$ 254,272
|
$ 250,610
|
| Escalations and recoveries from tenants |
15,951
|
14,110
|
31,070
|
29,071
|
| Real estate services |
5,767
|
6,469
|
12,232
|
13,281
|
| Parking income |
5,052
|
3,532
|
9,281
|
6,688
|
| Other income |
2,979
|
893
|
5,798
|
2,500
|
| Total revenues |
162,766
|
149,227
|
312,653
|
302,150
|
| EXPENSES |
|
|
|
|
| Real estate taxes |
21,217
|
22,418
|
42,309
|
45,644
|
| Utilities |
10,357
|
10,953
|
21,771
|
24,531
|
| Operating services |
27,092
|
24,024
|
54,183
|
50,756
|
| Real estate services expenses |
5,899
|
6,211
|
12,169
|
13,057
|
| General and administrative |
12,491
|
12,755
|
24,083
|
25,004
|
| Acquisition-related costs |
|
2,039
|
|
2,039
|
| Depreciation and amortization |
57,762
|
43,459
|
105,393
|
86,522
|
| Total expenses |
134,818
|
121,859
|
259,908
|
247,553
|
| Operating income |
27,948
|
27,368
|
52,745
|
54,597
|
| OTHER (EXPENSE) INCOME |
|
|
|
|
| Interest expense |
(24,943)
|
(22,932)
|
(45,264)
|
(47,925)
|
| Interest and other investment income (loss) |
122
|
146
|
596
|
(523)
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(3,298)
|
(614)
|
(3,349)
|
(2,168)
|
| Gain on change of control of interests |
|
5,191
|
|
15,347
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
(38,954)
|
27,117
|
(33,448)
|
85,717
|
| Gain on sale of investment in unconsolidated joint venture |
|
5,670
|
12,563
|
5,670
|
| Gain (loss) from extinguishment of debt, net |
|
12,420
|
(239)
|
12,420
|
| Total other income (expense) |
(67,073)
|
26,998
|
(69,141)
|
68,538
|
| Net income (loss) |
(39,125)
|
54,366
|
(16,396)
|
123,135
|
| Noncontrolling interest in consolidated joint ventures |
181
|
(311)
|
418
|
395
|
| Noncontrolling interest in Operating Partnership |
4,296
|
(5,662)
|
2,001
|
(12,946)
|
| Redeemable noncontrolling interest |
(2,682)
|
|
(3,474)
|
|
| Net income (loss) available to common shareholders |
$ (37,330)
|
$ 48,393
|
$ (17,451)
|
$ 110,584
|
| Basic earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.44)
|
$ 0.54
|
$ (0.33)
|
$ 1.23
|
| Diluted earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.44)
|
$ 0.54
|
$ (0.33)
|
$ 1.23
|
| Basic weighted average shares outstanding |
90,011
|
89,740
|
89,983
|
89,731
|
| Diluted weighted average shares outstanding |
100,370
|
100,401
|
100,354
|
100,359
|
| Basic weighted average units outstanding |
|
|
100,354
|
100,235
|
| Diluted weighted average units outstanding |
|
|
100,354
|
100,359
|
| Mack-Cali Realty LP [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Base rents |
$ 133,017
|
$ 124,223
|
$ 254,272
|
$ 250,610
|
| Escalations and recoveries from tenants |
15,951
|
14,110
|
31,070
|
29,071
|
| Real estate services |
5,767
|
6,469
|
12,232
|
13,281
|
| Parking income |
5,052
|
3,532
|
9,281
|
6,688
|
| Other income |
2,979
|
893
|
5,798
|
2,500
|
| Total revenues |
162,766
|
149,227
|
312,653
|
302,150
|
| EXPENSES |
|
|
|
|
| Real estate taxes |
21,217
|
22,418
|
42,309
|
45,644
|
| Utilities |
10,357
|
10,953
|
21,771
|
24,531
|
| Operating services |
27,092
|
24,024
|
54,183
|
50,756
|
| Real estate services expenses |
5,899
|
6,211
|
12,169
|
13,057
|
| General and administrative |
12,491
|
12,755
|
24,083
|
25,004
|
| Acquisition-related costs |
|
2,039
|
|
2,039
|
| Depreciation and amortization |
57,762
|
43,459
|
105,393
|
86,522
|
| Total expenses |
134,818
|
121,859
|
259,908
|
247,553
|
| Operating income |
27,948
|
27,368
|
52,745
|
54,597
|
| OTHER (EXPENSE) INCOME |
|
|
|
|
| Interest expense |
(24,943)
|
(22,932)
|
(45,264)
|
(47,925)
|
| Interest and other investment income (loss) |
122
|
146
|
596
|
(523)
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(3,298)
|
(614)
|
(3,349)
|
(2,168)
|
| Gain on change of control of interests |
|
5,191
|
|
15,347
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
(38,954)
|
27,117
|
(33,448)
|
85,717
|
| Gain on sale of investment in unconsolidated joint venture |
|
5,670
|
12,563
|
5,670
|
| Gain (loss) from extinguishment of debt, net |
|
12,420
|
(239)
|
12,420
|
| Total other income (expense) |
(67,073)
|
26,998
|
(69,141)
|
68,538
|
| Net income (loss) |
(39,125)
|
54,366
|
(16,396)
|
123,135
|
| Noncontrolling interest in consolidated joint ventures |
181
|
(311)
|
418
|
395
|
| Redeemable noncontrolling interest |
(2,682)
|
|
(3,474)
|
|
| Net income (loss) available to common shareholders |
$ (41,626)
|
$ 54,055
|
$ (19,452)
|
$ 123,530
|
| Basic earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.44)
|
$ 0.54
|
$ (0.33)
|
$ 1.23
|
| Diluted earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.44)
|
$ 0.54
|
$ (0.33)
|
$ 1.23
|
| Basic weighted average units outstanding |
100,370
|
100,239
|
100,354
|
100,235
|
| Diluted weighted average units outstanding |
100,370
|
100,401
|
100,354
|
100,359
|