Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.19.3
Consolidated Statements Of Operations - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Revenue from leases $ 116,716,000 $ 119,895,000 $ 356,515,000 $ 359,473,000
Total revenues 131,884,000 132,114,000 396,594,000 397,670,000
EXPENSES        
Real estate taxes 16,255,000 15,680,000 49,929,000 52,007,000
Operating services 27,236,000 27,107,000 78,359,000 75,664,000
Real estate services expenses 3,905,000 4,400,000 12,150,000 13,696,000
Leasing personnel costs 534,000   1,818,000  
General and administrative 12,054,000 11,620,000 41,074,000 41,160,000
Depreciation and amortization 49,538,000 45,813,000 146,936,000 128,523,000
Property impairments 5,894,000   11,696,000  
Land and other Impairments 6,345,000   8,844,000  
Total expenses 129,650,000 114,610,000 376,602,000 341,099,000
OTHER (EXPENSE) INCOME        
Interest expense (23,450,000) (21,094,000) (71,739,000) (60,168,000)
Interest and other investment income (loss) 189,000 851,000 1,528,000 2,620,000
Equity in earnings (loss) of unconsolidated joint ventures (113,000) (687,000) (882,000) 833,000
Gain on change of control of interests   14,217,000 13,790,000 14,217,000
Realized gains (losses) and unrealized losses on disposition of rental property, net (35,079,000) (9,102,000) 233,285,000 50,094,000
Gain (loss) on disposition of developable land 296,000   566,000  
Gain on sale of investment in unconsolidated joint venture     903,000  
Gain (loss) from extinguishment of debt, net (98,000) 0 1,801,000 (10,289,000)
Total other income (expense) (58,255,000) (15,815,000) 179,252,000 (2,693,000)
Net income (loss) (56,021,000) 1,689,000 199,244,000 53,878,000
Noncontrolling interests in consolidated joint ventures 405,000 451,000 2,500,000 576,000
Noncontrolling interests in Operating Partnership 6,159,000 167,000 (19,087,000) (4,574,000)
Redeemable noncontrolling interests (6,471,000) (3,785,000) (16,144,000) (9,573,000)
Net income (loss) available to common shareholders $ (55,928,000) $ (1,478,000) $ 166,513,000 $ 40,307,000
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.65) $ (0.05) $ 1.59 $ 0.35
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.65) $ (0.05) $ 1.59 $ 0.35
Basic weighted average shares outstanding 90,584 90,468 90,539 90,355
Diluted weighted average shares outstanding 100,560 100,712 100,802 100,684
Real Estate Services [Member]        
REVENUES        
Total revenues $ 3,411,000 $ 4,432,000 $ 10,783,000 $ 13,167,000
Parking Income [Member]        
REVENUES        
Total revenues 5,766,000 5,499,000 16,270,000 16,583,000
Hotel Income [Member]        
REVENUES        
Total revenues 3,325,000   5,702,000  
Other Income [Member]        
REVENUES        
Total revenues 2,666,000 2,288,000 7,324,000 8,447,000
Utilities [Member]        
EXPENSES        
Utilities 7,889,000 9,990,000 25,796,000 30,049,000
Mack-Cali Realty LP [Member]        
REVENUES        
Revenue from leases 116,716,000 119,895,000 356,515,000 359,473,000
Total revenues 131,884,000 132,114,000 396,594,000 397,670,000
EXPENSES        
Real estate taxes 16,255,000 15,680,000 49,929,000 52,007,000
Utilities 7,889,000 9,990,000 25,796,000 30,049,000
Operating services 27,236,000 27,107,000 78,359,000 75,664,000
Real estate services expenses 3,905,000 4,400,000 12,150,000 13,696,000
Leasing personnel costs 534,000   1,818,000  
General and administrative 12,054,000 11,620,000 41,074,000 41,160,000
Depreciation and amortization 49,538,000 45,813,000 146,936,000 128,523,000
Property impairments 5,894,000   11,696,000  
Land and other Impairments 6,345,000   8,844,000  
Total expenses 129,650,000 114,610,000 376,602,000 341,099,000
OTHER (EXPENSE) INCOME        
Interest expense (23,450,000) (21,094,000) (71,739,000) (60,168,000)
Interest and other investment income (loss) 189,000 851,000 1,528,000 2,620,000
Equity in earnings (loss) of unconsolidated joint ventures (113,000) (687,000) (882,000) 833,000
Gain on change of control of interests   14,217,000 13,790,000 14,217,000
Realized gains (losses) and unrealized losses on disposition of rental property, net (35,079,000) (9,102,000) 233,285,000 50,094,000
Gain (loss) on disposition of developable land 296,000   566,000  
Gain on sale of investment in unconsolidated joint venture     903,000  
Gain (loss) from extinguishment of debt, net (98,000)   1,801,000 (10,289,000)
Total other income (expense) (58,255,000) (15,815,000) 179,252,000 (2,693,000)
Net income (loss) (56,021,000) 1,689,000 199,244,000 53,878,000
Noncontrolling interests in consolidated joint ventures 405,000 451,000 2,500,000 576,000
Redeemable noncontrolling interests (6,471,000) (3,785,000) (16,144,000) (9,573,000)
Net income (loss) available to common shareholders $ (62,087,000) $ (1,645,000) $ 185,600,000 $ 44,881,000
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.65) $ (0.05) $ 1.59 $ 0.35
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.65) $ (0.05) $ 1.59 $ 0.35
Basic weighted average units outstanding 100,560 100,712 100,607 100,606
Diluted weighted average units outstanding 100,560 100,712 100,802 100,684
Mack-Cali Realty LP [Member] | Real Estate Services [Member]        
REVENUES        
Total revenues $ 3,411,000 $ 4,432,000 $ 10,783,000 $ 13,167,000
Mack-Cali Realty LP [Member] | Parking Income [Member]        
REVENUES        
Total revenues 5,766,000 5,499,000 16,270,000 16,583,000
Mack-Cali Realty LP [Member] | Hotel Income [Member]        
REVENUES        
Total revenues 3,325,000   5,702,000  
Mack-Cali Realty LP [Member] | Other Income [Member]        
REVENUES        
Total revenues $ 2,666,000 $ 2,288,000 $ 7,324,000 $ 8,447,000