Quarterly report pursuant to Section 13 or 15(d)

Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)

v3.21.2
Mack-Cali Realty Corporation Stockholders' Equity And Mack-Cali Realty, L.P.'s Partners' Capital (Tables)
9 Months Ended
Sep. 30, 2021
Stockholders Equity [Line Items]  
Schedule Of General Partner Capital

Three Months Ended

Nine Months Ended

September 30,

September 30,

2021

2020

2021

2020

Opening Balance

$

1,335,226

$

1,399,033

$

1,398,817

$

1,493,699

Net loss available to common shareholders

(28,314)

(42,208)

(92,770)

(117,019)

Common stock distributions

-

(18,142)

-

(36,261)

Redeemable noncontrolling interests

(1,562)

(2,167)

(4,903)

(7,207)

Redemption of common units for common stock

-

-

2,716

-

Shares issued under Dividend Reinvestment and

Stock Purchase Plan

4

9

33

39

Directors' deferred compensation plan

91

76

229

215

Stock Compensation

1,632

394

3,517

1,158

Cancellation of common stock

-

-

(118)

-

Other comprehensive income (loss)

-

-

-

18

Rebalancing of ownership percent between parent and

subsidiaries

948

(875)

504

1,478

Balance at September 30

$

1,308,025

$

1,336,120

$

1,308,025

$

1,336,120

Schedule Of Reconciliation Of Shares Used In Basic EPS Calculation To Shares Used In Diluted EPS Calculation

Three Months Ended

Nine Months Ended

September 30,

September 30,

Computation of Basic EPS

2021

2020

2021

2020

Loss from continuing operations

$

(26,581)

$

(75,296)

$

(125,710)

$

(147,999)

Add (deduct): Noncontrolling interests in consolidated joint ventures

1,137

895

3,670

1,900

Add (deduct): Noncontrolling interests in Operating Partnership

2,884

7,769

12,858

15,859

Add (deduct): Redeemable noncontrolling interests

(6,471)

(6,471)

(19,413)

(19,413)

Add (deduct): Redemption value adjustment of redeemable noncontrolling

interests attributable to common shareholders

(1,562)

(2,167)

(4,903)

(7,207)

Loss from continuing operations available to common shareholders

(30,593)

(75,270)

(133,498)

(156,860)

Income (loss) from discontinued operations available to common shareholders

717

30,895

35,825

32,634

Net loss available to common shareholders for basic earnings per share

$

(29,876)

$

(44,375)

$

(97,673)

$

(124,226)

Weighted average common shares

90,941

90,671

90,803

90,639

Basic EPS:

Loss from continuing operations available to common shareholders

$

(0.34)

$

(0.83)

$

(1.47)

$

(1.73)

Income (loss) from discontinued operations available to common shareholders

0.01

0.34

0.39

0.36

Net loss available to common shareholders

$

(0.33)

$

(0.49)

$

(1.08)

$

(1.37)

Three Months Ended

Nine Months Ended

September 30,

September 30,

Computation of Diluted EPS

2021

2020

2021

2020

Net loss from continuing operations available to common shareholders

$

(30,593)

$

(75,270)

$

(133,498)

$

(156,860)

Add (deduct): Noncontrolling interests in Operating Partnership

(2,884)

(7,769)

(12,858)

(15,859)

Add (deduct): Redemption value adjustment of redeemable noncontrolling

interests attributable to the Operating Partnership unitholders

(155)

(230)

(489)

(763)

Loss from continuing operations for diluted earnings per share

(33,632)

(83,269)

(146,845)

(173,482)

Income (loss) from discontinued operations for diluted earnings per share

789

34,178

39,408

36,103

Net loss available for diluted earnings per share

$

(32,843)

$

(49,091)

$

(107,437)

$

(137,379)

Weighted average common shares

99,975

100,307

99,870

100,235

Diluted EPS:

Loss from continuing operations available to common shareholders

$

(0.34)

$

(0.83)

$

(1.47)

$

(1.73)

Income (loss) from discontinued operations available to common shareholders

0.01

0.34

0.39

0.36

Net loss available to common shareholders

$

(0.33)

$

(0.49)

$

(1.08)

$

(1.37)

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

Nine Months Ended

September 30,

September 30,

2021

2020

2021

2020

Basic EPS shares

90,941

90,671

90,803

90,639

Add: Operating Partnership – common and vested LTIP units

9,034

9,636

9,067

9,596

Diluted EPS Shares

99,975

100,307

99,870

100,235

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

Nine Months Ended

September 30,

September 30,

Computation of Basic EPU

2021

2020

2021

2020

Loss from continuing operations

$

(26,581)

$

(75,296)

$

(125,710)

$

(147,999)

Add (deduct): Noncontrolling interests in consolidated joint ventures

1,137

895

3,670

1,900

Add (deduct): Redeemable noncontrolling interests

(6,471)

(6,471)

(19,413)

(19,413)

Add (deduct): Redemption value adjustment of redeemable noncontrolling interests

(1,717)

(2,397)

(5,392)

(7,970)

Loss from continuing operations available to unitholders

(33,632)

(83,269)

(146,845)

(173,482)

Income (loss) from discontinued operations available to unitholders

789

34,178

39,408

36,103

Net loss available to common unitholders for basic earnings per unit

$

(32,843)

$

(49,091)

$

(107,437)

$

(137,379)

Weighted average common units

99,975

100,307

99,870

100,235

Basic EPU:

Loss from continuing operations available to unitholders

$

(0.34)

$

(0.83)

$

(1.47)

$

(1.73)

Income (loss) from discontinued operations available to unitholders

0.01

0.34

0.39

0.36

Net loss available to common unitholders for basic earnings per unit

$

(0.33)

$

(0.49)

$

(1.08)

$

(1.37)

Three Months Ended

Nine Months Ended

September 30,

September 30,

Computation of Diluted EPU

2021

2020

2021

2020

Net loss from continuing operations available to common unitholders

$

(33,632)

$

(83,269)

$

(146,845)

$

(173,482)

Income (loss) from discontinued operations for diluted earnings per unit

789

34,178

39,408

36,103

Net loss available to common unitholders for diluted earnings per unit

$

(32,843)

$

(49,091)

$

(107,437)

$

(137,379)

Weighted average common unit

99,975

100,307

99,870

100,235

Diluted EPU:

Loss from continuing operations available to common unitholders

$

(0.34)

$

(0.83)

$

(1.47)

$

(1.73)

Income (loss) from discontinued operations available to common unitholders

0.01

0.34

0.39

0.36

Net loss available to common unitholders

$

(0.33)

$

(0.49)

$

(1.08)

$

(1.37)

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

Nine Months Ended

September 30,

September 30,

2021

2020

2020

2020

Basic EPU units

99,975

100,307

99,870

100,235

Diluted EPU Units

99,975

100,307

99,870

100,235