Segment Reporting (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Segment Reporting Information [Line Items] |
|
| Schedule Of Selected Results Of Operations And Asset Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
Multi-family
|
|
|
|
Corporate
|
|
|
Total
|
|
|
|
& Other Real Estate
|
|
|
Real Estate & Services (d)
|
|
|
|
& Other (e)
|
|
|
Company
|
|
Total revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
101,792
|
|
$
|
24,781
|
|
|
$
|
16
|
|
$
|
126,589
|
|
June 30, 2017
|
|
138,003
|
|
|
23,859
|
|
|
|
904
|
|
|
162,766
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
216,978
|
|
|
48,640
|
|
|
|
(62)
|
|
|
265,556
|
|
June 30, 2017
|
|
269,869
|
|
|
41,207
|
|
|
|
1,577
|
|
|
312,653
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
43,116
|
|
$
|
16,194
|
|
|
$
|
25,323
|
|
$
|
84,633
|
|
June 30, 2017
|
|
55,620
|
|
|
16,455
|
|
|
|
29,802
|
|
|
101,877
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
97,097
|
|
|
32,291
|
|
|
|
51,696
|
|
|
181,084
|
|
June 30, 2017
|
|
113,670
|
|
|
31,042
|
|
|
|
54,471
|
|
|
199,183
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
909
|
|
$
|
(961)
|
|
|
$
|
-
|
|
$
|
(52)
|
|
June 30, 2017
|
|
(18)
|
|
|
(3,280)
|
|
|
|
-
|
|
|
(3,298)
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
769
|
|
|
751
|
|
|
|
-
|
|
|
1,520
|
|
June 30, 2017
|
|
394
|
|
|
(3,743)
|
|
|
|
-
|
|
|
(3,349)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
59,585
|
|
$
|
7,626
|
|
|
$
|
(25,307)
|
|
$
|
41,904
|
|
June 30, 2017
|
|
82,365
|
|
|
4,124
|
|
|
|
(28,898)
|
|
|
57,591
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
120,650
|
|
|
17,100
|
|
|
|
(51,758)
|
|
|
85,992
|
|
June 30, 2017
|
|
156,593
|
|
|
6,422
|
|
|
|
(52,894)
|
|
|
110,121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
2,751,750
|
|
$
|
2,036,479
|
|
|
$
|
70,055
|
|
$
|
4,858,284
|
|
December 31, 2017
|
|
2,915,646
|
|
|
1,937,708
|
|
|
|
104,531
|
|
|
4,957,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
2,478,007
|
|
$
|
1,733,979
|
|
|
$
|
33,344
|
|
$
|
4,245,330
|
|
December 31, 2017
|
|
2,613,815
|
|
|
1,645,410
|
|
|
|
31,901
|
|
|
4,291,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
15,110
|
|
$
|
232,199
|
|
|
$
|
298
|
|
$
|
247,607
|
|
December 31, 2017
|
|
15,143
|
|
|
237,321
|
|
|
|
162
|
|
|
252,626
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
|
Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
|
|
(b)
|
|
Net operating income represents total revenues less total operating and interest expenses (as defined in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
|
|
(c)
|
|
Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill.
|
|
(d)
|
|
Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2017.
|
|
(e)
|
|
Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
|
|
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net operating income
|
$
|
41,904
|
|
$
|
57,591
|
|
$
|
85,992
|
|
$
|
110,121
|
|
Add (deduct):
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
(41,413)
|
|
|
(57,762)
|
|
|
(82,710)
|
|
|
(105,393)
|
|
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)
|
|
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)
|
|
| Mack-Cali Realty LP [Member] |
|
| Segment Reporting Information [Line Items] |
|
| Schedule Of Selected Results Of Operations And Asset Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
|
|
|
Multi-family
|
|
|
|
Corporate
|
|
|
Total
|
|
|
|
& Other Real Estate
|
|
|
Real Estate & Services (d)
|
|
|
|
& Other (e)
|
|
|
Company
|
|
Total revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
101,792
|
|
$
|
24,781
|
|
|
$
|
16
|
|
$
|
126,589
|
|
June 30, 2017
|
|
138,003
|
|
|
23,859
|
|
|
|
904
|
|
|
162,766
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
216,978
|
|
|
48,640
|
|
|
|
(62)
|
|
|
265,556
|
|
June 30, 2017
|
|
269,869
|
|
|
41,207
|
|
|
|
1,577
|
|
|
312,653
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
43,116
|
|
$
|
16,194
|
|
|
$
|
25,323
|
|
$
|
84,633
|
|
June 30, 2017
|
|
55,620
|
|
|
16,455
|
|
|
|
29,802
|
|
|
101,877
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
97,097
|
|
|
32,291
|
|
|
|
51,696
|
|
|
181,084
|
|
June 30, 2017
|
|
113,670
|
|
|
31,042
|
|
|
|
54,471
|
|
|
199,183
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
909
|
|
$
|
(961)
|
|
|
$
|
-
|
|
$
|
(52)
|
|
June 30, 2017
|
|
(18)
|
|
|
(3,280)
|
|
|
|
-
|
|
|
(3,298)
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
769
|
|
|
751
|
|
|
|
-
|
|
|
1,520
|
|
June 30, 2017
|
|
394
|
|
|
(3,743)
|
|
|
|
-
|
|
|
(3,349)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
59,585
|
|
$
|
7,626
|
|
|
$
|
(25,307)
|
|
$
|
41,904
|
|
June 30, 2017
|
|
82,365
|
|
|
4,124
|
|
|
|
(28,898)
|
|
|
57,591
|
|
Six months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
|
120,650
|
|
|
17,100
|
|
|
|
(51,758)
|
|
|
85,992
|
|
June 30, 2017
|
|
156,593
|
|
|
6,422
|
|
|
|
(52,894)
|
|
|
110,121
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
2,751,750
|
|
$
|
2,036,479
|
|
|
$
|
70,055
|
|
$
|
4,858,284
|
|
December 31, 2017
|
|
2,915,646
|
|
|
1,937,708
|
|
|
|
104,531
|
|
|
4,957,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
2,478,007
|
|
$
|
1,733,979
|
|
|
$
|
33,344
|
|
$
|
4,245,330
|
|
December 31, 2017
|
|
2,613,815
|
|
|
1,645,410
|
|
|
|
31,901
|
|
|
4,291,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2018
|
$
|
15,110
|
|
$
|
232,199
|
|
|
$
|
298
|
|
$
|
247,607
|
|
December 31, 2017
|
|
15,143
|
|
|
237,321
|
|
|
|
162
|
|
|
252,626
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
|
Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
|
|
(b)
|
|
Net operating income represents total revenues less total operating and interest expenses (as defined in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
|
|
(c)
|
|
Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill.
|
|
(d)
|
|
Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2017.
|
|
(e)
|
|
Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
|
|
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net operating income
|
$
|
41,904
|
|
$
|
57,591
|
|
$
|
85,992
|
|
$
|
110,121
|
|
Add (deduct):
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
(41,413)
|
|
|
(57,762)
|
|
|
(82,710)
|
|
|
(105,393)
|
|
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)
|
|
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 unitholders
|
$
|
(1,393)
|
|
$
|
(41,626)
|
|
$
|
46,526
|
|
$
|
(19,452)
|
|