Consolidated Balance Sheets - USD ($)
$ in Thousands |
Mar. 31, 2021 |
Dec. 31, 2020 |
| Rental property |
|
|
| Land and leasehold interests |
$ 639,636
|
$ 639,636
|
| Buildings and improvements |
3,804,162
|
3,743,831
|
| Tenant improvements |
164,448
|
171,623
|
| Furniture, fixtures and equipment |
85,612
|
83,553
|
| Gross investment in rental property |
4,693,858
|
4,638,643
|
| Less - accumulated depreciation and amortization |
(668,452)
|
(656,331)
|
| Total investment in rental property |
4,025,406
|
3,982,312
|
| Real estate held for sale, net |
415,029
|
656,963
|
| Net investment in rental property |
4,440,435
|
4,639,275
|
| Cash and cash equivalents |
261,682
|
38,096
|
| Restricted cash |
18,836
|
14,207
|
| Investments in unconsolidated joint ventures |
159,971
|
162,382
|
| Unbilled rents receivable, net |
79,855
|
84,907
|
| Deferred charges, goodwill and other assets, net |
192,028
|
199,541
|
| Accounts receivable |
7,551
|
9,378
|
| Total assets |
5,160,358
|
5,147,786
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
572,945
|
572,653
|
| Unsecured revolving credit facility and term loans |
|
25,000
|
| Mortgages, loans payable and other obligations, net |
2,249,019
|
2,204,144
|
| Dividends and distributions payable |
1,475
|
1,493
|
| Accounts payable, accrued expenses and other liabilities |
184,587
|
194,717
|
| Rents received in advance and security deposits |
31,810
|
34,101
|
| Accrued interest payable |
15,739
|
10,001
|
| Total liabilities |
3,055,575
|
3,042,109
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
515,267
|
513,297
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| Common stock, $0.01 par value, 190,000,000 shares authorized, 90,729,703 and 90,712,417 shares outstanding |
907
|
907
|
| Additional paid-in capital |
2,528,570
|
2,528,187
|
| Dividends in excess of net earnings |
(1,122,654)
|
(1,130,277)
|
| Accumulated other comprehensive income (loss) |
|
|
| Total Mack-Cali Realty Corporation stockholders' equity |
1,406,823
|
1,398,817
|
| Noncontrolling interests in subsidiaries: |
|
|
| Operating Partnership |
139,246
|
148,791
|
| Consolidated joint ventures |
43,447
|
44,772
|
| Total noncontrolling interests in subsidiaries |
182,693
|
193,563
|
| Total equity |
1,589,516
|
1,592,380
|
| Total liabilities and equity |
5,160,358
|
5,147,786
|
| Mack-Cali Realty LP [Member] |
|
|
| Rental property |
|
|
| Land and leasehold interests |
639,636
|
639,636
|
| Buildings and improvements |
3,804,162
|
3,743,831
|
| Tenant improvements |
164,448
|
171,623
|
| Furniture, fixtures and equipment |
85,612
|
83,553
|
| Gross investment in rental property |
4,693,858
|
4,638,643
|
| Less - accumulated depreciation and amortization |
(668,452)
|
(656,331)
|
| Total investment in rental property |
4,025,406
|
3,982,312
|
| Real estate held for sale, net |
415,029
|
656,963
|
| Net investment in rental property |
4,440,435
|
4,639,275
|
| Cash and cash equivalents |
261,682
|
38,096
|
| Restricted cash |
18,836
|
14,207
|
| Investments in unconsolidated joint ventures |
159,971
|
162,382
|
| Unbilled rents receivable, net |
79,855
|
84,907
|
| Deferred charges, goodwill and other assets, net |
192,028
|
199,541
|
| Accounts receivable |
7,551
|
9,378
|
| Total assets |
5,160,358
|
5,147,786
|
| LIABILITIES AND EQUITY |
|
|
| Senior unsecured notes, net |
572,945
|
572,653
|
| Unsecured revolving credit facility and term loans |
|
25,000
|
| Mortgages, loans payable and other obligations, net |
2,249,019
|
2,204,144
|
| Dividends and distributions payable |
1,475
|
1,493
|
| Accounts payable, accrued expenses and other liabilities |
184,587
|
194,717
|
| Rents received in advance and security deposits |
31,810
|
34,101
|
| Accrued interest payable |
15,739
|
10,001
|
| Total liabilities |
3,055,575
|
3,042,109
|
| Commitments and contingencies |
|
|
| Redeemable noncontrolling interests |
515,267
|
513,297
|
| Mack-Cali Realty Corporation stockholders' equity: |
|
|
| General Partner, 90,729,703 and 90,712,417 common units outstanding |
1,336,498
|
1,330,048
|
| Limited partners, 8,980,338 and 9,649,031 common units/LTIPs outstanding |
209,571
|
217,560
|
| Total Mack-Cali Realty, L.P. partners' capital |
1,546,069
|
1,547,608
|
| Noncontrolling interests in subsidiaries: |
|
|
| Noncontrolling interests in consolidated joint ventures |
43,447
|
44,772
|
| Total equity |
1,589,516
|
1,592,380
|
| Total liabilities and equity |
$ 5,160,358
|
$ 5,147,786
|