Consolidated Balance Sheets - USD ($)
$ in Thousands |
Jun. 30, 2019 |
Dec. 31, 2018 |
| Rental property |
|
|
| Land and leasehold interests |
$ 916,807
|
$ 807,236
|
| Buildings and improvements |
4,358,948
|
4,109,797
|
| Tenant improvements |
297,240
|
335,266
|
| Furniture, fixtures and equipment |
67,004
|
53,718
|
| Gross investment in rental property |
5,639,999
|
5,306,017
|
| Less - accumulated depreciation and amortization |
(968,237)
|
(1,097,868)
|
| Total investment in rental property |
4,671,762
|
4,208,149
|
| Rental property held for sale, net |
|
108,848
|
| Net investment in rental property |
4,671,762
|
4,316,997
|
| Cash and cash equivalents |
60,638
|
29,633
|
| Restricted cash |
17,892
|
19,921
|
| Investments in unconsolidated joint ventures |
215,957
|
232,750
|
| Unbilled rents receivable, net |
93,324
|
100,737
|
| Deferred charges, goodwill and other assets, net |
258,663
|
355,234
|
| Accounts receivable, net of allowance for doubtful accounts of $1,319 and $1,108 |
9,476
|
5,372
|
| Total assets |
5,327,712
|
5,060,644
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
570,899
|
570,314
|
| Unsecured revolving credit facility and term loans |
424,180
|
790,939
|
| Mortgages, loans payable and other obligations, net |
1,692,563
|
1,431,398
|
| Dividends and distributions payable |
21,722
|
21,877
|
| Accounts payable, accrued expenses and other liabilities |
202,830
|
168,115
|
| Rents received in advance and security deposits |
34,467
|
41,244
|
| Accrued interest payable |
8,631
|
9,117
|
| Total liabilities |
2,955,292
|
3,033,004
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
496,372
|
330,459
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| Common stock, $0.01 par value, 190,000,000 shares authorized, 90,553,357 and 90,320,306 shares outstanding |
906
|
903
|
| Additional paid-in capital |
2,539,547
|
2,561,503
|
| Dividends in excess of net earnings |
(895,824)
|
(1,084,518)
|
| Accumulated other comprehensive income (loss) |
958
|
8,770
|
| Total Mack-Cali Realty Corporation stockholders' equity |
1,645,587
|
1,486,658
|
| Noncontrolling interests in subsidiaries: |
|
|
| Operating Partnership |
181,296
|
168,373
|
| Consolidated joint ventures |
49,165
|
42,150
|
| Total noncontrolling interests in subsidiaries |
230,461
|
210,523
|
| Total equity |
1,876,048
|
1,697,181
|
| Total liabilities and equity |
5,327,712
|
5,060,644
|
| Mack-Cali Realty LP [Member] |
|
|
| Rental property |
|
|
| Land and leasehold interests |
916,807
|
807,236
|
| Buildings and improvements |
4,358,948
|
4,109,797
|
| Tenant improvements |
297,240
|
335,266
|
| Furniture, fixtures and equipment |
67,004
|
53,718
|
| Gross investment in rental property |
5,639,999
|
5,306,017
|
| Less - accumulated depreciation and amortization |
(968,237)
|
(1,097,868)
|
| Total investment in rental property |
4,671,762
|
4,208,149
|
| Rental property held for sale, net |
|
108,848
|
| Net investment in rental property |
4,671,762
|
4,316,997
|
| Cash and cash equivalents |
60,638
|
29,633
|
| Restricted cash |
17,892
|
19,921
|
| Investments in unconsolidated joint ventures |
215,957
|
232,750
|
| Unbilled rents receivable, net |
93,324
|
100,737
|
| Deferred charges, goodwill and other assets, net |
258,663
|
355,234
|
| Accounts receivable, net of allowance for doubtful accounts of $1,319 and $1,108 |
9,476
|
5,372
|
| Total assets |
5,327,712
|
5,060,644
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
570,899
|
570,314
|
| Unsecured revolving credit facility and term loans |
424,180
|
790,939
|
| Mortgages, loans payable and other obligations, net |
1,692,563
|
1,431,398
|
| Dividends and distributions payable |
21,722
|
21,877
|
| Accounts payable, accrued expenses and other liabilities |
202,830
|
168,115
|
| Rents received in advance and security deposits |
34,467
|
41,244
|
| Accrued interest payable |
8,631
|
9,117
|
| Total liabilities |
2,955,292
|
3,033,004
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
496,372
|
330,459
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| General Partner, 90,553,357 and 90,320,306 common units outstanding |
1,580,023
|
1,413,497
|
| Limited partners, 9,976,344 and 10,229,349 common units/LTIPs outstanding |
245,902
|
232,764
|
| Accumulated other comprehensive income (loss) |
958
|
8,770
|
| Total Mack-Cali Realty, L.P. partners' capital |
1,826,883
|
1,655,031
|
| Noncontrolling interests in subsidiaries: |
|
|
| Noncontrolling interests in consolidated joint ventures |
49,165
|
42,150
|
| Total equity |
1,876,048
|
1,697,181
|
| Total liabilities and equity |
$ 5,327,712
|
$ 5,060,644
|