Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2020 |
Dec. 31, 2019 |
| Rental property |
|
|
| Land and leasehold interests |
$ 648,866
|
$ 653,231
|
| Buildings and improvements |
3,474,560
|
3,361,435
|
| Tenant improvements |
168,089
|
163,299
|
| Furniture, fixtures and equipment |
81,966
|
78,716
|
| Gross investment in rental property |
4,373,481
|
4,256,681
|
| Less - accumulated depreciation and amortization |
(582,829)
|
(558,617)
|
| Total investment in rental property |
3,790,652
|
3,698,064
|
| Real estate held for sale, net |
898,169
|
966,497
|
| Net investment in rental property |
4,688,821
|
4,664,561
|
| Cash and cash equivalents |
25,264
|
25,589
|
| Restricted cash |
15,863
|
15,577
|
| Investments in unconsolidated joint ventures |
202,574
|
209,091
|
| Unbilled rents receivable, net |
96,155
|
95,686
|
| Deferred charges, goodwill and other assets, net |
250,600
|
275,102
|
| Accounts receivable |
6,255
|
7,192
|
| Total assets |
5,285,532
|
5,292,798
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
571,776
|
571,484
|
| Unsecured revolving credit facility and term loans |
277,000
|
329,000
|
| Mortgages, loans payable and other obligations, net |
2,028,345
|
1,908,034
|
| Dividends and distributions payable |
22,577
|
22,265
|
| Accounts payable, accrued expenses and other liabilities |
195,937
|
209,510
|
| Rents received in advance and security deposits |
35,598
|
39,463
|
| Accrued interest payable |
15,657
|
10,185
|
| Total liabilities |
3,146,890
|
3,089,941
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
506,482
|
503,382
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| Common stock, $0.01 par value, 190,000,000 shares authorized, 90,596,079 and 90,595,176 shares outstanding |
906
|
906
|
| Additional paid-in capital |
2,533,909
|
2,535,440
|
| Dividends in excess of net earnings |
(1,100,672)
|
(1,042,629)
|
| Accumulated other comprehensive income (loss) |
|
(18)
|
| Total Mack-Cali Realty Corporation stockholders' equity |
1,434,143
|
1,493,699
|
| Noncontrolling interests in subsidiaries: |
|
|
| Operating Partnership |
150,681
|
158,480
|
| Consolidated joint ventures |
47,336
|
47,296
|
| Total noncontrolling interests in subsidiaries |
198,017
|
205,776
|
| Total equity |
1,632,160
|
1,699,475
|
| Total liabilities and equity |
5,285,532
|
5,292,798
|
| Mack-Cali Realty LP [Member] |
|
|
| Rental property |
|
|
| Land and leasehold interests |
648,866
|
653,231
|
| Buildings and improvements |
3,474,560
|
3,361,435
|
| Tenant improvements |
168,089
|
163,299
|
| Furniture, fixtures and equipment |
81,966
|
78,716
|
| Gross investment in rental property |
4,373,481
|
4,256,681
|
| Less - accumulated depreciation and amortization |
(582,829)
|
(558,617)
|
| Total investment in rental property |
3,790,652
|
3,698,064
|
| Real estate held for sale, net |
898,169
|
966,497
|
| Net investment in rental property |
4,688,821
|
4,664,561
|
| Cash and cash equivalents |
25,264
|
25,589
|
| Restricted cash |
15,863
|
15,577
|
| Investments in unconsolidated joint ventures |
202,574
|
209,091
|
| Unbilled rents receivable, net |
96,155
|
95,686
|
| Deferred charges, goodwill and other assets, net |
250,600
|
275,102
|
| Accounts receivable |
6,255
|
7,192
|
| Total assets |
5,285,532
|
5,292,798
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
571,776
|
571,484
|
| Unsecured revolving credit facility and term loans |
277,000
|
329,000
|
| Mortgages, loans payable and other obligations, net |
2,028,345
|
1,908,034
|
| Dividends and distributions payable |
22,577
|
22,265
|
| Accounts payable, accrued expenses and other liabilities |
195,937
|
209,510
|
| Rents received in advance and security deposits |
35,598
|
39,463
|
| Accrued interest payable |
15,657
|
10,185
|
| Total liabilities |
3,146,890
|
3,089,941
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
506,482
|
503,382
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| General Partner, 90,596,079 and 90,595,176 common units outstanding |
1,367,252
|
1,427,568
|
| Limited partners, 9,518,638 and 9,612,064 common units/LTIPs outstanding |
217,572
|
224,629
|
| Accumulated other comprehensive income (loss) |
|
(18)
|
| Total Mack-Cali Realty, L.P. partners' capital |
1,584,824
|
1,652,179
|
| Noncontrolling interests in subsidiaries: |
|
|
| Noncontrolling interests in consolidated joint ventures |
47,336
|
47,296
|
| Total equity |
1,632,160
|
1,699,475
|
| Total liabilities and equity |
$ 5,285,532
|
$ 5,292,798
|