Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
Mar. 31, 2021 |
Mar. 31, 2020 |
| REVENUES |
|
|
| Revenue from leases |
$ 65,771
|
$ 71,979
|
| Total revenues |
76,093
|
83,604
|
| EXPENSES |
|
|
| Real estate taxes |
11,831
|
11,140
|
| Utilities |
4,092
|
3,853
|
| Operating services |
15,450
|
16,221
|
| Real estate services expenses |
3,318
|
3,722
|
| General and administrative |
13,989
|
15,818
|
| Depreciation and amortization |
28,173
|
33,895
|
| Land and other impairments |
413
|
5,263
|
| Total expenses |
77,266
|
89,912
|
| OTHER (EXPENSE) INCOME |
|
|
| Interest expense |
(17,610)
|
(20,918)
|
| Interest and other investment income (loss) |
17
|
32
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(1,456)
|
(708)
|
| Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net |
|
(7,915)
|
| Gain on disposition of developable land |
|
4,813
|
| Total other income (expense) |
(19,049)
|
(24,696)
|
| Net income (loss) from continuing operations |
(20,222)
|
(31,004)
|
| Discontinued operations: |
|
|
| Income from discontinued operations |
10,962
|
20,906
|
| Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net |
22,781
|
(27,746)
|
| Total discontinued operations, net |
33,743
|
(6,840)
|
| Net income (loss) |
13,521
|
(37,844)
|
| Noncontrolling interests in consolidated joint ventures |
1,335
|
176
|
| Noncontrolling interests in Operating Partnership of income from continuing operations |
2,305
|
3,562
|
| Noncontrolling interests in Operating Partnership in discontinued operations |
(3,067)
|
653
|
| Redeemable noncontrolling interests |
(6,471)
|
(6,471)
|
| Net income (loss) available to common shareholders |
$ 7,623
|
$ (39,924)
|
| Basic earnings per common share: |
|
|
| Income (loss) from continuing operations |
$ (0.28)
|
$ (0.40)
|
| Discontinued operations |
0.34
|
(0.07)
|
| Net income (loss) available to common shareholders |
0.06
|
(0.47)
|
| Diluted earnings per common share: |
|
|
| Income (loss) from continuing operations |
(0.28)
|
(0.40)
|
| Discontinued operations |
0.34
|
(0.07)
|
| Net income (loss) available to common shareholders |
$ 0.06
|
$ (0.47)
|
| Basic weighted average shares outstanding |
90,692
|
90,616
|
| Diluted weighted average shares outstanding |
99,760
|
100,183
|
| Real Estate Services [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
$ 2,527
|
$ 2,993
|
| Parking Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
3,086
|
5,265
|
| Hotel Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
1,053
|
1,625
|
| Other Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
3,656
|
1,742
|
| Mack-Cali Realty LP [Member] |
|
|
| REVENUES |
|
|
| Revenue from leases |
65,771
|
71,979
|
| Total revenues |
76,093
|
83,604
|
| EXPENSES |
|
|
| Real estate taxes |
11,831
|
11,140
|
| Utilities |
4,092
|
3,853
|
| Operating services |
15,450
|
16,221
|
| Real estate services expenses |
3,318
|
3,722
|
| General and administrative |
13,989
|
15,818
|
| Depreciation and amortization |
28,173
|
33,895
|
| Land and other impairments |
413
|
5,263
|
| Total expenses |
77,266
|
89,912
|
| OTHER (EXPENSE) INCOME |
|
|
| Interest expense |
(17,610)
|
(20,918)
|
| Interest and other investment income (loss) |
17
|
32
|
| Equity in earnings (loss) of unconsolidated joint ventures |
(1,456)
|
(708)
|
| Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net |
|
(7,915)
|
| Gain on disposition of developable land |
|
4,813
|
| Total other income (expense) |
(19,049)
|
(24,696)
|
| Net income (loss) from continuing operations |
(20,222)
|
(31,004)
|
| Discontinued operations: |
|
|
| Income from discontinued operations |
10,962
|
20,906
|
| Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net |
22,781
|
(27,746)
|
| Total discontinued operations, net |
33,743
|
(6,840)
|
| Net income (loss) |
13,521
|
(37,844)
|
| Noncontrolling interests in consolidated joint ventures |
1,335
|
176
|
| Redeemable noncontrolling interests |
(6,471)
|
(6,471)
|
| Net income (loss) available to common shareholders |
$ 8,385
|
$ (44,139)
|
| Basic earnings per common share: |
|
|
| Income (loss) from continuing operations |
$ (0.28)
|
$ (0.40)
|
| Discontinued operations |
0.34
|
(0.07)
|
| Net income (loss) available to common shareholders |
0.06
|
(0.47)
|
| Diluted earnings per common share: |
|
|
| Income (loss) from continuing operations |
(0.28)
|
(0.40)
|
| Discontinued operations |
0.34
|
(0.07)
|
| Net income (loss) available to common shareholders |
$ 0.06
|
$ (0.47)
|
| Basic weighted average units outstanding |
99,760
|
100,183
|
| Diluted weighted average units outstanding |
99,760
|
100,183
|
| Mack-Cali Realty LP [Member] | Real Estate Services [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
$ 2,527
|
$ 2,993
|
| Mack-Cali Realty LP [Member] | Parking Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
3,086
|
5,265
|
| Mack-Cali Realty LP [Member] | Hotel Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
1,053
|
1,625
|
| Mack-Cali Realty LP [Member] | Other Income [Member] |
|
|
| REVENUES |
|
|
| Total revenues |
$ 3,656
|
$ 1,742
|