Consolidated Balance Sheets - USD ($)
$ in Thousands |
Sep. 30, 2020 |
Dec. 31, 2019 |
| Rental property |
|
|
| Land and leasehold interests |
$ 641,962
|
$ 653,231
|
| Buildings and improvements |
3,669,960
|
3,361,435
|
| Tenant improvements |
163,900
|
163,299
|
| Furniture, fixtures and equipment |
78,558
|
78,716
|
| Gross investment in rental property |
4,554,380
|
4,256,681
|
| Less - accumulated depreciation and amortization |
(627,995)
|
(558,617)
|
| Total investment in rental property |
3,926,385
|
3,698,064
|
| Real estate held for sale, net |
714,404
|
966,497
|
| Net investment in rental property |
4,640,789
|
4,664,561
|
| Cash and cash equivalents |
22,872
|
25,589
|
| Restricted cash |
14,507
|
15,577
|
| Investments in unconsolidated joint ventures |
194,779
|
209,091
|
| Unbilled rents receivable, net |
86,818
|
95,686
|
| Deferred charges, goodwill and other assets, net |
220,194
|
275,102
|
| Accounts receivable |
10,784
|
7,192
|
| Total assets |
5,190,743
|
5,292,798
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
572,360
|
571,484
|
| Unsecured revolving credit facility and term loans |
156,000
|
329,000
|
| Mortgages, loans payable and other obligations, net |
2,167,522
|
1,908,034
|
| Dividends and distributions payable |
1,537
|
22,265
|
| Accounts payable, accrued expenses and other liabilities |
205,637
|
209,510
|
| Rents received in advance and security deposits |
36,575
|
39,463
|
| Accrued interest payable |
15,642
|
10,185
|
| Total liabilities |
3,155,273
|
3,089,941
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
511,352
|
503,382
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| Common stock, $0.01 par value, 190,000,000 shares authorized, 90,712,055 and 90,595,176 shares outstanding |
907
|
906
|
| Additional paid-in capital |
2,531,122
|
2,535,440
|
| Dividends in excess of net earnings |
(1,195,909)
|
(1,042,629)
|
| Accumulated other comprehensive income (loss) |
|
(18)
|
| Total Mack-Cali Realty Corporation stockholders' equity |
1,336,120
|
1,493,699
|
| Noncontrolling interests in subsidiaries: |
|
|
| Operating Partnership |
142,469
|
158,480
|
| Consolidated joint ventures |
45,529
|
47,296
|
| Total noncontrolling interests in subsidiaries |
187,998
|
205,776
|
| Total equity |
1,524,118
|
1,699,475
|
| Total liabilities and equity |
5,190,743
|
5,292,798
|
| Mack-Cali Realty LP [Member] |
|
|
| Rental property |
|
|
| Land and leasehold interests |
641,962
|
653,231
|
| Buildings and improvements |
3,669,960
|
3,361,435
|
| Tenant improvements |
163,900
|
163,299
|
| Furniture, fixtures and equipment |
78,558
|
78,716
|
| Gross investment in rental property |
4,554,380
|
4,256,681
|
| Less - accumulated depreciation and amortization |
(627,995)
|
(558,617)
|
| Total investment in rental property |
3,926,385
|
3,698,064
|
| Real estate held for sale, net |
714,404
|
966,497
|
| Net investment in rental property |
4,640,789
|
4,664,561
|
| Cash and cash equivalents |
22,872
|
25,589
|
| Restricted cash |
14,507
|
15,577
|
| Investments in unconsolidated joint ventures |
194,779
|
209,091
|
| Unbilled rents receivable, net |
86,818
|
95,686
|
| Deferred charges, goodwill and other assets, net |
220,194
|
275,102
|
| Accounts receivable |
10,784
|
7,192
|
| Total assets |
5,190,743
|
5,292,798
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
572,360
|
571,484
|
| Unsecured revolving credit facility and term loans |
156,000
|
329,000
|
| Mortgages, loans payable and other obligations, net |
2,167,522
|
1,908,034
|
| Dividends and distributions payable |
1,537
|
22,265
|
| Accounts payable, accrued expenses and other liabilities |
205,637
|
209,510
|
| Rents received in advance and security deposits |
36,575
|
39,463
|
| Accrued interest payable |
15,642
|
10,185
|
| Total liabilities |
3,155,273
|
3,089,941
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
511,352
|
503,382
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| General Partner, 90,712,055 and 90,595,176 common units outstanding |
1,268,493
|
1,427,568
|
| Limited partners, 9,672,558 and 9,612,064 common units/LTIPs outstanding |
210,096
|
224,629
|
| Accumulated other comprehensive income (loss) |
|
(18)
|
| Total Mack-Cali Realty, L.P. partners' capital |
1,478,589
|
1,652,179
|
| Noncontrolling interests in subsidiaries: |
|
|
| Noncontrolling interests in consolidated joint ventures |
45,529
|
47,296
|
| Total equity |
1,524,118
|
1,699,475
|
| Total liabilities and equity |
$ 5,190,743
|
$ 5,292,798
|