Segment Reporting (Tables)
|
9 Months Ended |
Sep. 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
100,489
|
|
$
|
30,942
|
|
|
$
|
683
|
|
$
|
132,114
|
|
September 30, 2017
|
|
133,962
|
|
|
24,606
|
|
|
|
1,450
|
|
|
160,018
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
317,467
|
|
|
79,582
|
|
|
|
621
|
|
|
397,670
|
|
September 30, 2017
|
|
403,830
|
|
|
65,813
|
|
|
|
3,028
|
|
|
472,671
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
43,774
|
|
$
|
19,272
|
|
|
$
|
25,994
|
|
$
|
89,040
|
|
September 30, 2017
|
|
60,524
|
|
|
16,725
|
|
|
|
26,062
|
|
|
103,311
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
140,872
|
|
|
51,563
|
|
|
|
77,689
|
|
|
270,124
|
|
September 30, 2017
|
|
182,447
|
|
|
47,722
|
|
|
|
72,325
|
|
|
302,494
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
713
|
|
$
|
(1,400)
|
|
|
$
|
-
|
|
$
|
(687)
|
|
September 30, 2017
|
|
1,058
|
|
|
(2,591)
|
|
|
|
-
|
|
|
(1,533)
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
1,482
|
|
|
(649)
|
|
|
|
-
|
|
|
833
|
|
September 30, 2017
|
|
1,453
|
|
|
(6,335)
|
|
|
|
-
|
|
|
(4,882)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
57,428
|
|
$
|
10,270
|
|
|
$
|
(25,311)
|
|
$
|
42,387
|
|
September 30, 2017
|
|
74,496
|
|
|
5,290
|
|
|
|
(24,612)
|
|
|
55,174
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
178,077
|
|
|
27,370
|
|
|
|
(77,068)
|
|
|
128,379
|
|
September 30, 2017
|
|
222,836
|
|
|
11,756
|
|
|
|
(69,297)
|
|
|
165,295
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
2,734,813
|
|
$
|
2,246,208
|
|
|
$
|
65,173
|
|
$
|
5,046,194
|
|
December 31, 2017
|
|
2,915,646
|
|
|
1,937,708
|
|
|
|
104,531
|
|
|
4,957,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
2,439,588
|
|
$
|
1,966,570
|
|
|
$
|
33,271
|
|
$
|
4,439,429
|
|
December 31, 2017
|
|
2,613,815
|
|
|
1,645,410
|
|
|
|
31,901
|
|
|
4,291,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
13,464
|
|
$
|
216,902
|
|
|
$
|
248
|
|
$
|
230,614
|
|
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
|
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net operating income
|
$
|
42,387
|
|
$
|
55,174
|
|
$
|
128,379
|
|
$
|
165,295
|
|
Add (deduct):
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
(45,813)
|
|
|
(52,375)
|
|
|
(128,523)
|
|
|
(157,768)
|
|
Gain on change of control of interests
|
|
14,217
|
|
|
-
|
|
|
14,217
|
|
|
-
|
|
Realized gains (losses) and unrealized losses on disposition of
|
|
|
|
|
|
|
|
|
|
|
|
|
rental property, net
|
|
(9,102)
|
|
|
31,336
|
|
|
50,094
|
|
|
(2,112)
|
|
Gain on sale of investment in unconsolidated joint venture
|
|
-
|
|
|
10,568
|
|
|
-
|
|
|
23,131
|
|
Loss from extinguishment of debt, net
|
|
-
|
|
|
-
|
|
|
(10,289)
|
|
|
(239)
|
|
Net income
|
|
1,689
|
|
|
44,703
|
|
|
53,878
|
|
|
28,307
|
|
Noncontrolling interest in consolidated joint ventures
|
|
451
|
|
|
447
|
|
|
576
|
|
|
865
|
|
Noncontrolling interest in Operating Partnership
|
|
167
|
|
|
(4,413)
|
|
|
(4,574)
|
|
|
(2,412)
|
|
Redeemable noncontrolling interest
|
|
(3,785)
|
|
|
(2,683)
|
|
|
(9,573)
|
|
|
(6,157)
|
|
Net income (loss) available to common shareholders
|
$
|
(1,478)
|
|
$
|
38,054
|
|
$
|
40,307
|
|
$
|
20,603
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
100,489
|
|
$
|
30,942
|
|
|
$
|
683
|
|
$
|
132,114
|
|
September 30, 2017
|
|
133,962
|
|
|
24,606
|
|
|
|
1,450
|
|
|
160,018
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
317,467
|
|
|
79,582
|
|
|
|
621
|
|
|
397,670
|
|
September 30, 2017
|
|
403,830
|
|
|
65,813
|
|
|
|
3,028
|
|
|
472,671
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and
|
|
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
43,774
|
|
$
|
19,272
|
|
|
$
|
25,994
|
|
$
|
89,040
|
|
September 30, 2017
|
|
60,524
|
|
|
16,725
|
|
|
|
26,062
|
|
|
103,311
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
140,872
|
|
|
51,563
|
|
|
|
77,689
|
|
|
270,124
|
|
September 30, 2017
|
|
182,447
|
|
|
47,722
|
|
|
|
72,325
|
|
|
302,494
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
713
|
|
$
|
(1,400)
|
|
|
$
|
-
|
|
$
|
(687)
|
|
September 30, 2017
|
|
1,058
|
|
|
(2,591)
|
|
|
|
-
|
|
|
(1,533)
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
1,482
|
|
|
(649)
|
|
|
|
-
|
|
|
833
|
|
September 30, 2017
|
|
1,453
|
|
|
(6,335)
|
|
|
|
-
|
|
|
(4,882)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
57,428
|
|
$
|
10,270
|
|
|
$
|
(25,311)
|
|
$
|
42,387
|
|
September 30, 2017
|
|
74,496
|
|
|
5,290
|
|
|
|
(24,612)
|
|
|
55,174
|
|
Nine months ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
|
178,077
|
|
|
27,370
|
|
|
|
(77,068)
|
|
|
128,379
|
|
September 30, 2017
|
|
222,836
|
|
|
11,756
|
|
|
|
(69,297)
|
|
|
165,295
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
2,734,813
|
|
$
|
2,246,208
|
|
|
$
|
65,173
|
|
$
|
5,046,194
|
|
December 31, 2017
|
|
2,915,646
|
|
|
1,937,708
|
|
|
|
104,531
|
|
|
4,957,885
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
2,439,588
|
|
$
|
1,966,570
|
|
|
$
|
33,271
|
|
$
|
4,439,429
|
|
December 31, 2017
|
|
2,613,815
|
|
|
1,645,410
|
|
|
|
31,901
|
|
|
4,291,126
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2018
|
$
|
13,464
|
|
$
|
216,902
|
|
|
$
|
248
|
|
$
|
230,614
|
|
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
|
|
Nine Months Ended
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
Net operating income
|
$
|
42,387
|
|
$
|
55,174
|
|
$
|
128,379
|
|
$
|
165,295
|
|
Add (deduct):
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
(45,813)
|
|
|
(52,375)
|
|
|
(128,523)
|
|
|
(157,768)
|
|
Gain on change of control of interests
|
|
14,217
|
|
|
-
|
|
|
14,217
|
|
|
-
|
|
Realized gains (losses) and unrealized losses on disposition of
|
|
|
|
|
|
|
|
|
|
|
|
|
rental property, net
|
|
(9,102)
|
|
|
31,336
|
|
|
50,094
|
|
|
(2,112)
|
|
Gain on sale of investment in unconsolidated joint venture
|
|
-
|
|
|
10,568
|
|
|
-
|
|
|
23,131
|
|
Loss from extinguishment of debt, net
|
|
-
|
|
|
-
|
|
|
(10,289)
|
|
|
(239)
|
|
Net income
|
|
1,689
|
|
|
44,703
|
|
|
53,878
|
|
|
28,307
|
|
Noncontrolling interest in consolidated joint ventures
|
|
451
|
|
|
447
|
|
|
576
|
|
|
865
|
|
Redeemable noncontrolling interest
|
|
(3,785)
|
|
|
(2,683)
|
|
|
(9,573)
|
|
|
(6,157)
|
|
Net income (loss) available to common unitholders
|
$
|
(1,645)
|
|
$
|
42,467
|
|
$
|
44,881
|
|
$
|
23,015
|
|