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 |
|