Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.7.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Base rents $ 133,017 $ 124,223 $ 254,272 $ 250,610
Escalations and recoveries from tenants 15,951 14,110 31,070 29,071
Real estate services 5,767 6,469 12,232 13,281
Parking income 5,052 3,532 9,281 6,688
Other income 2,979 893 5,798 2,500
Total revenues 162,766 149,227 312,653 302,150
EXPENSES        
Real estate taxes 21,217 22,418 42,309 45,644
Utilities 10,357 10,953 21,771 24,531
Operating services 27,092 24,024 54,183 50,756
Real estate services expenses 5,899 6,211 12,169 13,057
General and administrative 12,491 12,755 24,083 25,004
Acquisition-related costs   2,039   2,039
Depreciation and amortization 57,762 43,459 105,393 86,522
Total expenses 134,818 121,859 259,908 247,553
Operating income 27,948 27,368 52,745 54,597
OTHER (EXPENSE) INCOME        
Interest expense (24,943) (22,932) (45,264) (47,925)
Interest and other investment income (loss) 122 146 596 (523)
Equity in earnings (loss) of unconsolidated joint ventures (3,298) (614) (3,349) (2,168)
Gain on change of control of interests   5,191   15,347
Realized gains (losses) and unrealized losses on disposition of rental property, net (38,954) 27,117 (33,448) 85,717
Gain on sale of investment in unconsolidated joint venture   5,670 12,563 5,670
Gain (loss) from extinguishment of debt, net   12,420 (239) 12,420
Total other income (expense) (67,073) 26,998 (69,141) 68,538
Net income (loss) (39,125) 54,366 (16,396) 123,135
Noncontrolling interest in consolidated joint ventures 181 (311) 418 395
Noncontrolling interest in Operating Partnership 4,296 (5,662) 2,001 (12,946)
Redeemable noncontrolling interest (2,682)   (3,474)  
Net income (loss) available to common shareholders $ (37,330) $ 48,393 $ (17,451) $ 110,584
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.44) $ 0.54 $ (0.33) $ 1.23
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.44) $ 0.54 $ (0.33) $ 1.23
Basic weighted average shares outstanding 90,011 89,740 89,983 89,731
Diluted weighted average shares outstanding 100,370 100,401 100,354 100,359
Basic weighted average units outstanding     100,354 100,235
Diluted weighted average units outstanding     100,354 100,359
Mack-Cali Realty LP [Member]        
REVENUES        
Base rents $ 133,017 $ 124,223 $ 254,272 $ 250,610
Escalations and recoveries from tenants 15,951 14,110 31,070 29,071
Real estate services 5,767 6,469 12,232 13,281
Parking income 5,052 3,532 9,281 6,688
Other income 2,979 893 5,798 2,500
Total revenues 162,766 149,227 312,653 302,150
EXPENSES        
Real estate taxes 21,217 22,418 42,309 45,644
Utilities 10,357 10,953 21,771 24,531
Operating services 27,092 24,024 54,183 50,756
Real estate services expenses 5,899 6,211 12,169 13,057
General and administrative 12,491 12,755 24,083 25,004
Acquisition-related costs   2,039   2,039
Depreciation and amortization 57,762 43,459 105,393 86,522
Total expenses 134,818 121,859 259,908 247,553
Operating income 27,948 27,368 52,745 54,597
OTHER (EXPENSE) INCOME        
Interest expense (24,943) (22,932) (45,264) (47,925)
Interest and other investment income (loss) 122 146 596 (523)
Equity in earnings (loss) of unconsolidated joint ventures (3,298) (614) (3,349) (2,168)
Gain on change of control of interests   5,191   15,347
Realized gains (losses) and unrealized losses on disposition of rental property, net (38,954) 27,117 (33,448) 85,717
Gain on sale of investment in unconsolidated joint venture   5,670 12,563 5,670
Gain (loss) from extinguishment of debt, net   12,420 (239) 12,420
Total other income (expense) (67,073) 26,998 (69,141) 68,538
Net income (loss) (39,125) 54,366 (16,396) 123,135
Noncontrolling interest in consolidated joint ventures 181 (311) 418 395
Redeemable noncontrolling interest (2,682)   (3,474)  
Net income (loss) available to common shareholders $ (41,626) $ 54,055 $ (19,452) $ 123,530
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.44) $ 0.54 $ (0.33) $ 1.23
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.44) $ 0.54 $ (0.33) $ 1.23
Basic weighted average units outstanding 100,370 100,239 100,354 100,235
Diluted weighted average units outstanding 100,370 100,401 100,354 100,359