Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Total revenues $ 126,589 $ 162,766 $ 265,556 $ 312,653
EXPENSES        
Real estate taxes 17,966 21,217 36,327 42,309
Utilities 7,555 10,357 20,059 21,771
Operating services 22,939 27,092 48,557 54,183
Real estate services expenses 4,360 5,899 9,296 12,169
General and administrative 13,455 12,491 29,540 24,083
Depreciation and amortization 41,413 57,762 82,710 105,393
Total expenses 107,688 134,818 226,489 259,908
Operating income 18,901 27,948 39,067 52,745
OTHER (EXPENSE) INCOME        
Interest expense (18,999) (24,943) (39,074) (45,264)
Interest and other investment income (loss) 641 122 1,769 596
Equity in earnings (loss) of unconsolidated joint ventures (52) (3,298) 1,520 (3,349)
Realized gains (losses) and unrealized losses on disposition of rental property, net 1,010 (38,954) 59,196 (33,448)
Gain on sale of investment in unconsolidated joint venture       12,563
Loss from extinguishment of debt, net     (10,289) (239)
Total other income (expense) (17,400) (67,073) 13,122 (69,141)
Net income (loss) 1,501 (39,125) 52,189 (16,396)
Noncontrolling interest in consolidated joint ventures 95 181 125 418
Noncontrolling interest in Operating Partnership 142 4,296 (4,741) 2,001
Redeemable noncontrolling interest (2,989) (2,682) (5,788) (3,474)
Net income (loss) available to common shareholders $ (1,251) $ (37,330) $ 41,785 $ (17,451)
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ (0.44) $ 0.39 $ (0.33)
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ (0.44) $ 0.39 $ (0.33)
Basic weighted average shares outstanding 90,330 90,011 90,297 89,983
Diluted weighted average shares outstanding 100,598 100,370 100,607 100,354
Base Rents [Member]        
REVENUES        
Total revenues $ 103,584 $ 133,017 $ 216,486 $ 254,272
Escalations And Recoveries From Tenants [Member]        
REVENUES        
Total revenues 10,301 15,951 23,092 31,070
Real Estate Services [Member]        
REVENUES        
Total revenues 4,074 5,767 8,735 12,232
Parking Income [Member]        
REVENUES        
Total revenues 5,757 5,052 11,084 9,281
Other Income [Member]        
REVENUES        
Total revenues 2,873 2,979 6,159 5,798
Mack-Cali Realty LP [Member]        
REVENUES        
Total revenues 126,589 162,766 265,556 312,653
EXPENSES        
Real estate taxes 17,966 21,217 36,327 42,309
Utilities 7,555 10,357 20,059 21,771
Operating services 22,939 27,092 48,557 54,183
Real estate services expenses 4,360 5,899 9,296 12,169
General and administrative 13,455 12,491 29,540 24,083
Depreciation and amortization 41,413 57,762 82,710 105,393
Total expenses 107,688 134,818 226,489 259,908
Operating income 18,901 27,948 39,067 52,745
OTHER (EXPENSE) INCOME        
Interest expense (18,999) (24,943) (39,074) (45,264)
Interest and other investment income (loss) 641 122 1,769 596
Equity in earnings (loss) of unconsolidated joint ventures (52) (3,298) 1,520 (3,349)
Realized gains (losses) and unrealized losses on disposition of rental property, net 1,010 (38,954) 59,196 (33,448)
Gain on sale of investment in unconsolidated joint venture       12,563
Loss from extinguishment of debt, net     (10,289) (239)
Total other income (expense) (17,400) (67,073) 13,122 (69,141)
Net income (loss) 1,501 (39,125) 52,189 (16,396)
Noncontrolling interest in consolidated joint ventures 95 181 125 418
Redeemable noncontrolling interest (2,989) (2,682) (5,788) (3,474)
Net income (loss) available to common shareholders $ (1,393) $ (41,626) $ 46,526 $ (19,452)
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ (0.44) $ 0.39 $ (0.33)
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ (0.44) $ 0.39 $ (0.33)
Basic weighted average units outstanding 100,598 100,370 100,552 100,354
Diluted weighted average units outstanding 100,598 100,370 100,607 100,354
Mack-Cali Realty LP [Member] | Base Rents [Member]        
REVENUES        
Total revenues $ 103,584 $ 133,017 $ 216,486 $ 254,272
Mack-Cali Realty LP [Member] | Escalations And Recoveries From Tenants [Member]        
REVENUES        
Total revenues 10,301 15,951 23,092 31,070
Mack-Cali Realty LP [Member] | Real Estate Services [Member]        
REVENUES        
Total revenues 4,074 5,767 8,735 12,232
Mack-Cali Realty LP [Member] | Parking Income [Member]        
REVENUES        
Total revenues 5,757 5,052 11,084 9,281
Mack-Cali Realty LP [Member] | Other Income [Member]        
REVENUES        
Total revenues $ 2,873 $ 2,979 $ 6,159 $ 5,798