Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
| REVENUES |
|
|
|
|
| Total revenues |
$ 132,114
|
$ 160,018
|
$ 397,670
|
$ 472,671
|
| EXPENSES |
|
|
|
|
| Real estate taxes |
15,680
|
21,300
|
52,007
|
63,609
|
| Operating services |
27,107
|
26,312
|
75,664
|
80,495
|
| Real estate services expenses |
4,400
|
6,207
|
13,696
|
18,376
|
| General and administrative |
11,620
|
13,140
|
41,160
|
37,223
|
| Depreciation and amortization |
45,813
|
52,375
|
128,523
|
157,768
|
| Total expenses |
114,610
|
130,814
|
341,099
|
390,722
|
| Operating income |
17,504
|
29,204
|
56,571
|
81,949
|
| OTHER (EXPENSE) INCOME |
|
|
|
|
| Interest expense |
(21,094)
|
(25,634)
|
(60,168)
|
(70,898)
|
| Interest and other investment income (loss) |
851
|
762
|
2,620
|
1,358
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(687)
|
(1,533)
|
833
|
(4,882)
|
| Gain on change of control of interests |
14,217
|
|
14,217
|
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
(9,102)
|
31,336
|
50,094
|
(2,112)
|
| Gain on sale of investment in unconsolidated joint venture |
|
10,568
|
|
23,131
|
| Loss from extinguishment of debt, net |
|
|
(10,289)
|
(239)
|
| Total other income (expense) |
(15,815)
|
15,499
|
(2,693)
|
(53,642)
|
| Net income |
1,689
|
44,703
|
53,878
|
28,307
|
| Noncontrolling interest in consolidated joint ventures |
451
|
447
|
576
|
865
|
| Noncontrolling interest in Operating Partnership |
167
|
(4,413)
|
(4,574)
|
(2,412)
|
| Redeemable noncontrolling interest |
(3,785)
|
(2,683)
|
(9,573)
|
(6,157)
|
| Net income (loss) available to common shareholders |
$ (1,478)
|
$ 38,054
|
$ 40,307
|
$ 20,603
|
| Basic earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.05)
|
$ 0.39
|
$ 0.35
|
$ 0.06
|
| Diluted earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.05)
|
$ 0.39
|
$ 0.35
|
$ 0.06
|
| Basic weighted average shares outstanding |
90,468
|
90,023
|
90,355
|
89,997
|
| Diluted weighted average shares outstanding |
100,712
|
100,727
|
100,684
|
100,701
|
| Base Rents [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
$ 107,239
|
$ 128,643
|
$ 323,725
|
$ 382,915
|
| Escalations And Recoveries From Tenants [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
12,656
|
16,385
|
35,748
|
47,455
|
| Real Estate Services [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
4,432
|
5,748
|
13,167
|
17,980
|
| Parking Income [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
5,499
|
5,766
|
16,583
|
15,047
|
| Other Income [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
2,288
|
3,476
|
8,447
|
9,274
|
| Utilities [Member] |
|
|
|
|
| EXPENSES |
|
|
|
|
| Utilities |
9,990
|
11,480
|
30,049
|
33,251
|
| Mack-Cali Realty LP [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
132,114
|
160,018
|
397,670
|
472,671
|
| EXPENSES |
|
|
|
|
| Real estate taxes |
15,680
|
21,300
|
52,007
|
63,609
|
| Utilities |
9,990
|
11,480
|
30,049
|
33,251
|
| Operating services |
27,107
|
26,312
|
75,664
|
80,495
|
| Real estate services expenses |
4,400
|
6,207
|
13,696
|
18,376
|
| General and administrative |
11,620
|
13,140
|
41,160
|
37,223
|
| Depreciation and amortization |
45,813
|
52,375
|
128,523
|
157,768
|
| Total expenses |
114,610
|
130,814
|
341,099
|
390,722
|
| Operating income |
17,504
|
29,204
|
56,571
|
81,949
|
| OTHER (EXPENSE) INCOME |
|
|
|
|
| Interest expense |
(21,094)
|
(25,634)
|
(60,168)
|
(70,898)
|
| Interest and other investment income (loss) |
851
|
762
|
2,620
|
1,358
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(687)
|
(1,533)
|
833
|
(4,882)
|
| Gain on change of control of interests |
14,217
|
|
14,217
|
|
| Realized gains (losses) and unrealized losses on disposition of rental property, net |
(9,102)
|
31,336
|
50,094
|
(2,112)
|
| Gain on sale of investment in unconsolidated joint venture |
|
10,568
|
|
23,131
|
| Loss from extinguishment of debt, net |
|
|
(10,289)
|
(239)
|
| Total other income (expense) |
(15,815)
|
15,499
|
(2,693)
|
(53,642)
|
| Net income |
1,689
|
44,703
|
53,878
|
28,307
|
| Noncontrolling interest in consolidated joint ventures |
451
|
447
|
576
|
865
|
| Redeemable noncontrolling interest |
(3,785)
|
(2,683)
|
(9,573)
|
(6,157)
|
| Net income (loss) available to common shareholders |
$ (1,645)
|
$ 42,467
|
$ 44,881
|
$ 23,015
|
| Basic earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.05)
|
$ 0.39
|
$ 0.35
|
$ 0.06
|
| Diluted earnings per common share: |
|
|
|
|
| Net income (loss) available to common shareholders |
$ (0.05)
|
$ 0.39
|
$ 0.35
|
$ 0.06
|
| Basic weighted average units outstanding |
100,712
|
100,462
|
100,606
|
100,391
|
| Diluted weighted average units outstanding |
100,712
|
100,727
|
100,684
|
100,701
|
| Mack-Cali Realty LP [Member] | Base Rents [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
$ 107,239
|
$ 128,643
|
$ 323,725
|
$ 382,915
|
| Mack-Cali Realty LP [Member] | Escalations And Recoveries From Tenants [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
12,656
|
16,385
|
35,748
|
47,455
|
| Mack-Cali Realty LP [Member] | Real Estate Services [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
4,432
|
5,748
|
13,167
|
17,980
|
| Mack-Cali Realty LP [Member] | Parking Income [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
5,499
|
5,766
|
16,583
|
15,047
|
| Mack-Cali Realty LP [Member] | Other Income [Member] |
|
|
|
|
| REVENUES |
|
|
|
|
| Total revenues |
$ 2,288
|
$ 3,476
|
$ 8,447
|
$ 9,274
|