Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.8.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Base rents $ 128,643 $ 129,523 $ 382,915 $ 380,133
Escalations and recoveries from tenants 16,385 16,177 47,455 45,248
Real estate services 5,748 6,650 17,980 19,931
Parking income 5,766 3,443 15,047 10,131
Other income 3,476 1,724 9,274 4,224
Total revenues 160,018 157,517 472,671 459,667
EXPENSES        
Real estate taxes 21,300 20,606 63,609 66,250
Utilities 11,480 14,127 33,251 38,658
Operating services 26,312 25,553 80,495 76,309
Real estate services expenses 6,207 6,361 18,376 19,418
General and administrative 13,140 14,007 37,223 39,011
Acquisition-related costs   815   2,854
Depreciation and amortization 52,375 48,117 157,768 134,639
Total expenses 130,814 129,586 390,722 377,139
Operating income 29,204 27,931 81,949 82,528
OTHER (EXPENSE) INCOME        
Interest expense (25,634) (24,233) (70,898) (72,158)
Interest and other investment income (loss) 762 1,262 1,358 739
Equity in earnings (loss) of unconsolidated joint ventures (1,533) 21,790 (4,882) 19,622
Gain on change of control of interests       15,347
Realized gains (losses) and unrealized losses on disposition of rental property, net 31,336 (17,053) (2,112) 68,664
Gain (loss) on sale of investment in unconsolidated joint venture 10,568   23,131 5,670
Gain (loss) from extinguishment of debt, net   (19,302) (239) (6,882)
Total other income (expense) 15,499 (37,536) (53,642) 31,002
Net income (loss) 44,703 (9,605) 28,307 113,530
Noncontrolling interest in consolidated joint ventures 447 65 865 460
Noncontrolling interest in Operating Partnership (4,413) 999 (2,412) (11,947)
Redeemable noncontrolling interest (2,683)   (6,157)  
Net income (loss) available to common shareholders $ 38,054 $ (8,541) $ 20,603 $ 102,043
Basic earnings per common share:        
Net income (loss) available to common shareholders $ 0.39 $ (0.10) $ 0.06 $ 1.14
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ 0.39 $ (0.10) $ 0.06 $ 1.13
Basic weighted average shares outstanding 90,023 89,755 89,997 89,739
Diluted weighted average shares outstanding 100,727 100,253 100,701 100,486
Mack-Cali Realty LP [Member]        
REVENUES        
Base rents $ 128,643 $ 129,523 $ 382,915 $ 380,133
Escalations and recoveries from tenants 16,385 16,177 47,455 45,248
Real estate services 5,748 6,650 17,980 19,931
Parking income 5,766 3,443 15,047 10,131
Other income 3,476 1,724 9,274 4,224
Total revenues 160,018 157,517 472,671 459,667
EXPENSES        
Real estate taxes 21,300 20,606 63,609 66,250
Utilities 11,480 14,127 33,251 38,658
Operating services 26,312 25,553 80,495 76,309
Real estate services expenses 6,207 6,361 18,376 19,418
General and administrative 13,140 14,007 37,223 39,011
Acquisition-related costs   815   2,854
Depreciation and amortization 52,375 48,117 157,768 134,639
Total expenses 130,814 129,586 390,722 377,139
Operating income 29,204 27,931 81,949 82,528
OTHER (EXPENSE) INCOME        
Interest expense (25,634) (24,233) (70,898) (72,158)
Interest and other investment income (loss) 762 1,262 1,358 739
Equity in earnings (loss) of unconsolidated joint ventures (1,533) 21,790 (4,882) 19,622
Gain on change of control of interests       15,347
Realized gains (losses) and unrealized losses on disposition of rental property, net 31,336 (17,053) (2,112) 68,664
Gain (loss) on sale of investment in unconsolidated joint venture 10,568   23,131 5,670
Gain (loss) from extinguishment of debt, net   (19,302) (239) (6,882)
Total other income (expense) 15,499 (37,536) (53,642) 31,002
Net income (loss) 44,703 (9,605) 28,307 113,530
Noncontrolling interest in consolidated joint ventures 447 65 865 460
Redeemable noncontrolling interest (2,683)   (6,157)  
Net income (loss) available to common shareholders $ 42,467 $ (9,540) $ 23,015 $ 113,990
Basic earnings per common share:        
Net income (loss) available to common shareholders $ 0.39 $ (0.10) $ 0.06 $ 1.14
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ 0.39 $ (0.10) $ 0.06 $ 1.13
Basic weighted average units outstanding 100,462 100,253 100,391 100,241
Diluted weighted average units outstanding 100,727 100,253 100,701 100,486