Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Rental property    
Land and leasehold interests $ 881,665 $ 807,236
Buildings and improvements 4,361,766 4,109,797
Tenant improvements 283,933 335,266
Furniture, fixtures and equipment 72,645 53,718
Gross investment in rental property 5,600,009 5,306,017
Less - accumulated depreciation and amortization (896,777) (1,097,868)
Total investment in rental property 4,703,232 4,208,149
Rental property held for sale, net 384,138 108,848
Net investment in rental property 5,087,370 4,316,997
Cash and cash equivalents 34,768 29,633
Restricted cash 19,635 19,921
Investments in unconsolidated joint ventures 213,499 232,750
Unbilled rents receivable, net 96,238 100,737
Deferred charges, goodwill and other assets, net 261,175 355,234
Accounts receivable, net of allowance for doubtful accounts of $1,401 and $1,108 8,250 5,372
Total assets 5,720,935 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 571,191 570,314
Unsecured revolving credit facility and term loans 487,736 790,939
Mortgages, loans payable and other obligations, net 2,092,632 1,431,398
Dividends and distributions payable 22,051 21,877
Accounts payable, accrued expenses and other liabilities 199,203 168,115
Rents received in advance and security deposits 41,596 41,244
Accrued interest payable 15,548 9,117
Total liabilities 3,429,957 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 500,119 330,459
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,551,967 and 90,320,306 shares outstanding 906 903
Additional paid-in capital 2,538,046 2,561,503
Dividends in excess of net earnings (969,858) (1,084,518)
Accumulated other comprehensive income (loss) 167 8,770
Total Mack-Cali Realty Corporation stockholders' equity 1,569,261 1,486,658
Noncontrolling interests in subsidiaries:    
Operating Partnership 172,838 168,373
Consolidated joint ventures 48,760 42,150
Total noncontrolling interests in subsidiaries 221,598 210,523
Total equity 1,790,859 1,697,181
Total liabilities and equity 5,720,935 5,060,644
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 881,665 807,236
Buildings and improvements 4,361,766 4,109,797
Tenant improvements 283,933 335,266
Furniture, fixtures and equipment 72,645 53,718
Gross investment in rental property 5,600,009 5,306,017
Less - accumulated depreciation and amortization (896,777) (1,097,868)
Total investment in rental property 4,703,232 4,208,149
Rental property held for sale, net 384,138 108,848
Net investment in rental property 5,087,370 4,316,997
Cash and cash equivalents 34,768 29,633
Restricted cash 19,635 19,921
Investments in unconsolidated joint ventures 213,499 232,750
Unbilled rents receivable, net 96,238 100,737
Deferred charges, goodwill and other assets, net 261,175 355,234
Accounts receivable, net of allowance for doubtful accounts of $1,401 and $1,108 8,250 5,372
Total assets 5,720,935 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 571,191 570,314
Unsecured revolving credit facility and term loans 487,736 790,939
Mortgages, loans payable and other obligations, net 2,092,632 1,431,398
Dividends and distributions payable 22,051 21,877
Accounts payable, accrued expenses and other liabilities 199,203 168,115
Rents received in advance and security deposits 41,596 41,244
Accrued interest payable 15,548 9,117
Total liabilities 3,429,957 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 500,119 330,459
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,551,967 and 90,320,306 common units outstanding 1,503,062 1,413,497
Limited partners, 9,973,344 and 10,229,349 common units/LTIPs outstanding 238,870 232,764
Accumulated other comprehensive income (loss) 167 8,770
Total Mack-Cali Realty, L.P. partners' capital 1,742,099 1,655,031
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 48,760 42,150
Total equity 1,790,859 1,697,181
Total liabilities and equity $ 5,720,935 $ 5,060,644