Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| Stockholders Equity [Line Items] |
|
| Schedule Of General Partner Capital |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
June 30, |
|
June 30, |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
Opening Balance |
$ |
1,406,823 |
|
$ |
1,434,143 |
|
$ |
1,398,817 |
|
$ |
1,493,699 |
Net loss available to common shareholders |
|
(72,079) |
|
|
(34,887) |
|
|
(64,456) |
|
|
(74,811) |
Common stock distributions |
|
- |
|
|
- |
|
|
- |
|
|
(18,119) |
Redeemable noncontrolling interests |
|
(1,550) |
|
|
(2,236) |
|
|
(3,341) |
|
|
(5,040) |
Redemption of common units for common stock |
|
2,716 |
|
|
- |
|
|
2,716 |
|
|
- |
Shares issued under Dividend Reinvestment and |
|
|
|
|
|
|
|
|
|
|
|
Stock Purchase Plan |
|
11 |
|
|
11 |
|
|
29 |
|
|
30 |
Directors' deferred compensation plan |
|
66 |
|
|
57 |
|
|
138 |
|
|
139 |
Stock Compensation |
|
1,239 |
|
|
334 |
|
|
1,885 |
|
|
764 |
Cancellation of common stock |
|
- |
|
|
- |
|
|
(118) |
|
|
- |
Other comprehensive income (loss) |
|
- |
|
|
- |
|
|
- |
|
|
18 |
Rebalancing of ownership percent between parent and |
|
|
|
|
|
|
|
|
|
|
|
subsidiaries |
|
(2,000) |
|
|
1,611 |
|
|
(444) |
|
|
2,353 |
Balance at June 30 |
$ |
1,335,226 |
|
$ |
1,399,033 |
|
$ |
1,335,226 |
|
$ |
1,399,033 |
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
June 30, |
|
|
June 30, |
Computation of Basic EPS |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
Loss from continuing operations |
$ |
(78,907) |
|
$ |
(41,699) |
|
$ |
(99,129) |
|
$ |
(72,703) |
Add (deduct): Noncontrolling interests in consolidated joint ventures |
|
1,198 |
|
|
829 |
|
|
2,533 |
|
|
1,005 |
Add (deduct): Noncontrolling interests in Operating Partnership |
|
7,669 |
|
|
4,527 |
|
|
9,974 |
|
|
8,089 |
Add (deduct): Redeemable noncontrolling interests |
|
(6,471) |
|
|
(6,471) |
|
|
(12,942) |
|
|
(12,942) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling |
|
|
|
|
|
|
|
|
|
|
|
interests attributable to common shareholders |
|
(1,550) |
|
|
(2,236) |
|
|
(3,341) |
|
|
(5,040) |
Loss from continuing operations available to common shareholders |
|
(78,061) |
|
|
(45,050) |
|
|
(102,905) |
|
|
(81,591) |
Income (loss) from discontinued operations available to common shareholders |
|
4,432 |
|
|
7,927 |
|
|
35,108 |
|
|
1,740 |
Net loss available to common shareholders for basic earnings per share |
$ |
(73,629) |
|
$ |
(37,123) |
|
$ |
(67,797) |
|
$ |
(79,851) |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares |
|
90,774 |
|
|
90,629 |
|
|
90,733 |
|
|
90,622 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS: |
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations available to common shareholders |
$ |
(0.86) |
|
$ |
(0.50) |
|
$ |
(1.13) |
|
$ |
(0.90) |
Income (loss) from discontinued operations available to common shareholders |
|
0.05 |
|
|
0.09 |
|
|
0.38 |
|
|
0.02 |
Net loss available to common shareholders |
$ |
(0.81) |
|
$ |
(0.41) |
|
$ |
(0.75) |
|
$ |
(0.88) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
June 30, |
|
|
June 30, |
Computation of Diluted EPS |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
Net loss from continuing operations available to common shareholders |
$ |
(78,061) |
|
$ |
(45,050) |
|
$ |
(102,905) |
|
$ |
(81,591) |
Add (deduct): Noncontrolling interests in Operating Partnership |
|
(7,669) |
|
|
(4,527) |
|
|
(9,974) |
|
|
(8,089) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling |
|
|
|
|
|
|
|
|
|
|
|
interests attributable to the Operating Partnership unitholders |
|
(155) |
|
|
(237) |
|
|
(334) |
|
|
(533) |
Loss from continuing operations for diluted earnings per share |
|
(85,885) |
|
|
(49,814) |
|
|
(113,213) |
|
|
(90,213) |
Income (loss) from discontinued operations for diluted earnings per share |
|
4,876 |
|
|
8,765 |
|
|
38,619 |
|
|
1,925 |
Net loss available for diluted earnings per share |
$ |
(81,009) |
|
$ |
(41,049) |
|
$ |
(74,594) |
|
$ |
(88,288) |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares |
|
99,873 |
|
|
100,213 |
|
|
99,817 |
|
|
100,198 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS: |
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations available to common shareholders |
$ |
(0.86) |
|
$ |
(0.50) |
|
$ |
(1.13) |
|
$ |
(0.90) |
Income (loss) from discontinued operations available to common shareholders |
|
0.05 |
|
|
0.09 |
|
|
0.38 |
|
|
0.02 |
Net loss available to common shareholders |
$ |
(0.81) |
|
$ |
(0.41) |
|
$ |
(0.75) |
|
$ |
(0.88) |
The following schedule reconciles the weighted average shares used in the basic EPS calculation to the shares used in the diluted EPS calculation (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
Basic EPS shares |
|
90,774 |
|
90,629 |
|
90,733 |
|
90,622 |
Add: Operating Partnership – common and vested LTIP units |
|
9,099 |
|
9,584 |
|
9,084 |
|
9,576 |
Diluted EPS Shares |
|
99,873 |
|
100,213 |
|
99,817 |
|
100,198 |
|
| Mack-Cali Realty LP [Member] |
|
| Stockholders Equity [Line Items] |
|
| Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
Computation of Basic EPU |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
Loss from continuing operations |
|
$ |
(78,907) |
|
$ |
(41,699) |
|
$ |
(99,129) |
|
$ |
(72,703) |
Add (deduct): Noncontrolling interests in consolidated joint ventures |
|
|
1,198 |
|
|
829 |
|
|
2,533 |
|
|
1,005 |
Add (deduct): Redeemable noncontrolling interests |
|
|
(6,471) |
|
|
(6,471) |
|
|
(12,942) |
|
|
(12,942) |
Add (deduct): Redemption value adjustment of redeemable noncontrolling interests |
|
|
(1,705) |
|
|
(2,473) |
|
|
(3,675) |
|
|
(5,573) |
Loss from continuing operations available to unitholders |
|
|
(85,885) |
|
|
(49,814) |
|
|
(113,213) |
|
|
(90,213) |
Income (loss) from discontinued operations available to unitholders |
|
|
4,876 |
|
|
8,765 |
|
|
38,619 |
|
|
1,925 |
Net loss available to common unitholders for basic earnings per unit |
|
$ |
(81,009) |
|
$ |
(41,049) |
|
$ |
(74,594) |
|
$ |
(88,288) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common units |
|
|
99,873 |
|
|
100,213 |
|
|
99,817 |
|
|
100,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPU: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations available to unitholders |
|
$ |
(0.86) |
|
$ |
(0.50) |
|
$ |
(1.13) |
|
$ |
(0.90) |
Income (loss) from discontinued operations available to unitholders |
|
|
0.05 |
|
|
0.09 |
|
|
0.38 |
|
|
0.02 |
Net loss available to common unitholders for basic earnings per unit |
|
$ |
(0.81) |
|
$ |
(0.41) |
|
$ |
(0.75) |
|
$ |
(0.88) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
Computation of Diluted EPU |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
Net loss from continuing operations available to common unitholders |
|
$ |
(85,885) |
|
$ |
(49,814) |
|
$ |
(113,213) |
|
$ |
(90,213) |
Income (loss) from discontinued operations for diluted earnings per unit |
|
|
4,876 |
|
|
8,765 |
|
|
38,619 |
|
|
1,925 |
Net loss available to common unitholders for diluted earnings per unit |
|
$ |
(81,009) |
|
$ |
(41,049) |
|
$ |
(74,594) |
|
$ |
(88,288) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common unit |
|
|
99,873 |
|
|
100,213 |
|
|
99,817 |
|
|
100,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPU: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations available to common unitholders |
|
$ |
(0.86) |
|
$ |
(0.50) |
|
$ |
(1.13) |
|
$ |
(0.90) |
Income (loss) from discontinued operations available to common unitholders |
|
|
0.05 |
|
|
0.09 |
|
|
0.38 |
|
|
0.02 |
Net loss available to common unitholders |
|
$ |
(0.81) |
|
$ |
(0.41) |
|
$ |
(0.75) |
|
$ |
(0.88) |
The following schedule reconciles the weighted average units used in the basic EPU calculation to the units used in the diluted EPU calculation (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2021 |
|
2020 |
|
2020 |
|
2020 |
Basic EPU units |
|
99,873 |
|
100,213 |
|
99,817 |
|
100,198 |
Diluted EPU Units |
|
99,873 |
|
100,213 |
|
99,817 |
|
100,198 |
|