Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Rental property    
Land and leasehold interests $ 916,807 $ 807,236
Buildings and improvements 4,358,948 4,109,797
Tenant improvements 297,240 335,266
Furniture, fixtures and equipment 67,004 53,718
Gross investment in rental property 5,639,999 5,306,017
Less - accumulated depreciation and amortization (968,237) (1,097,868)
Total investment in rental property 4,671,762 4,208,149
Rental property held for sale, net   108,848
Net investment in rental property 4,671,762 4,316,997
Cash and cash equivalents 60,638 29,633
Restricted cash 17,892 19,921
Investments in unconsolidated joint ventures 215,957 232,750
Unbilled rents receivable, net 93,324 100,737
Deferred charges, goodwill and other assets, net 258,663 355,234
Accounts receivable, net of allowance for doubtful accounts of $1,319 and $1,108 9,476 5,372
Total assets 5,327,712 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 570,899 570,314
Unsecured revolving credit facility and term loans 424,180 790,939
Mortgages, loans payable and other obligations, net 1,692,563 1,431,398
Dividends and distributions payable 21,722 21,877
Accounts payable, accrued expenses and other liabilities 202,830 168,115
Rents received in advance and security deposits 34,467 41,244
Accrued interest payable 8,631 9,117
Total liabilities 2,955,292 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 496,372 330,459
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,553,357 and 90,320,306 shares outstanding 906 903
Additional paid-in capital 2,539,547 2,561,503
Dividends in excess of net earnings (895,824) (1,084,518)
Accumulated other comprehensive income (loss) 958 8,770
Total Mack-Cali Realty Corporation stockholders' equity 1,645,587 1,486,658
Noncontrolling interests in subsidiaries:    
Operating Partnership 181,296 168,373
Consolidated joint ventures 49,165 42,150
Total noncontrolling interests in subsidiaries 230,461 210,523
Total equity 1,876,048 1,697,181
Total liabilities and equity 5,327,712 5,060,644
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 916,807 807,236
Buildings and improvements 4,358,948 4,109,797
Tenant improvements 297,240 335,266
Furniture, fixtures and equipment 67,004 53,718
Gross investment in rental property 5,639,999 5,306,017
Less - accumulated depreciation and amortization (968,237) (1,097,868)
Total investment in rental property 4,671,762 4,208,149
Rental property held for sale, net   108,848
Net investment in rental property 4,671,762 4,316,997
Cash and cash equivalents 60,638 29,633
Restricted cash 17,892 19,921
Investments in unconsolidated joint ventures 215,957 232,750
Unbilled rents receivable, net 93,324 100,737
Deferred charges, goodwill and other assets, net 258,663 355,234
Accounts receivable, net of allowance for doubtful accounts of $1,319 and $1,108 9,476 5,372
Total assets 5,327,712 5,060,644
LIABILITIES AND EQUITY    
Senior unsecured notes, net 570,899 570,314
Unsecured revolving credit facility and term loans 424,180 790,939
Mortgages, loans payable and other obligations, net 1,692,563 1,431,398
Dividends and distributions payable 21,722 21,877
Accounts payable, accrued expenses and other liabilities 202,830 168,115
Rents received in advance and security deposits 34,467 41,244
Accrued interest payable 8,631 9,117
Total liabilities 2,955,292 3,033,004
Commitments and contingencies
Redeemable noncontrolling interests 496,372 330,459
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,553,357 and 90,320,306 common units outstanding 1,580,023 1,413,497
Limited partners, 9,976,344 and 10,229,349 common units/LTIPs outstanding 245,902 232,764
Accumulated other comprehensive income (loss) 958 8,770
Total Mack-Cali Realty, L.P. partners' capital 1,826,883 1,655,031
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 49,165 42,150
Total equity 1,876,048 1,697,181
Total liabilities and equity $ 5,327,712 $ 5,060,644