Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Rental property    
Land and leasehold interests $ 814,694 $ 807,236
Buildings and improvements 4,067,589 4,109,797
Tenant improvements 296,654 335,266
Furniture, fixtures and equipment 58,192 53,718
Gross investment in rental property 5,237,129 5,306,017
Less - accumulated depreciation and amortization (935,339) (1,097,868)
Total investment in rental property 4,301,790 4,208,149
Rental property held for sale, net 33,239 108,848
Net investment in rental property 4,335,029 4,316,997
Cash and cash equivalents 12,061 29,633
Restricted cash 20,561 19,921
Investments in unconsolidated joint ventures 212,961 232,750
Unbilled rents receivable, net 91,846 100,737
Deferred charges, goodwill and other assets, net 594,624 355,234
Accounts receivable, net of allowance for doubtful accounts of $602 and $1,108 7,202 5,372
Total assets 5,274,284 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 570,607 570,314
Unsecured revolving credit facility and term loans 588,805 790,939
Mortgages, loans payable and other obligations, net 1,526,905 1,431,398
Dividends and distributions payable 21,341 21,877
Accounts payable, accrued expenses and other liabilities 196,707 168,115
Rents received in advance and security deposits 33,140 41,244
Accrued interest payable 14,417 9,117
Total liabilities 2,951,922 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 379,195 330,459
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,325,783 and 90,320,306 shares outstanding 903 903
Additional paid-in capital 2,553,652 2,561,503
Dividends in excess of net earnings (855,659) (1,084,518)
Accumulated other comprehensive income (loss) 5,122 8,770
Total Mack-Cali Realty Corporation stockholders' equity 1,704,018 1,486,658
Noncontrolling interests in subsidiaries:    
Operating Partnership 188,829 168,373
Consolidated joint ventures 50,320 42,150
Total noncontrolling interests in subsidiaries 239,149 210,523
Total equity 1,943,167 1,697,181
Total liabilities and equity 5,274,284 5,060,644
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 814,694 807,236
Buildings and improvements 4,067,589 4,109,797
Tenant improvements 296,654 335,266
Furniture, fixtures and equipment 58,192 53,718
Gross investment in rental property 5,237,129 5,306,017
Less - accumulated depreciation and amortization (935,339) (1,097,868)
Total investment in rental property 4,301,790 4,208,149
Rental property held for sale, net 33,239 108,848
Net investment in rental property 4,335,029 4,316,997
Cash and cash equivalents 12,061 29,633
Restricted cash 20,561 19,921
Investments in unconsolidated joint ventures 212,961 232,750
Unbilled rents receivable, net 91,846 100,737
Deferred charges, goodwill and other assets, net 594,624 355,234
Accounts receivable, net of allowance for doubtful accounts of $602 and $1,108 7,202 5,372
Total assets 5,274,284 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 570,607 570,314
Unsecured revolving credit facility and term loans 588,805 790,939
Mortgages, loans payable and other obligations, net 1,526,905 1,431,398
Dividends and distributions payable 21,341 21,877
Accounts payable, accrued expenses and other liabilities 196,707 168,115
Rents received in advance and security deposits 33,140 41,244
Accrued interest payable 14,417 9,117
Total liabilities 2,951,922 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 379,195 330,459
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,325,783 and 90,320,306 common units outstanding 1,636,068 1,413,497
Limited partners, 10,009,355 and 10,229,349 common units/LTIPs outstanding 251,657 232,764
Accumulated other comprehensive income (loss) 5,122 8,770
Total Mack-Cali Realty, L.P. partners' capital 1,892,847 1,655,031
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 50,320 42,150
Total equity 1,943,167 1,697,181
Total liabilities and equity $ 5,274,284 $ 5,060,644