Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.20.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Revenue from leases $ 70,450 $ 79,391
Total revenues 82,057 90,266
EXPENSES    
Real estate taxes 10,937 11,644
Utilities 3,853 6,112
Operating services 16,064 16,799
Real estate services expenses 3,721 4,266
General and administrative 15,818 13,319
Depreciation and amortization 33,796 31,534
Land and other Impairments 5,263  
Total expenses 89,452 83,674
OTHER (EXPENSE) INCOME    
Interest expense (20,918) (23,481)
Interest and other investment income (loss) 32 823
Equity in earnings (loss) of unconsolidated joint ventures (708) (681)
Gain on change of control of interests   13,790
Realized gains (losses) and unrealized losses on disposition of rental property, net (7,915) 268,109
Gain on disposition of developable land 4,813  
Gain on sale of investment in unconsolidated joint venture   903
Gain from extinguishment of debt, net   1,311
Total other income (expense) (24,696) 260,774
Income (loss) from continuing operations (32,091) 267,366
Discontinued operations:    
Income from discontinued operations 21,993 8,228
Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net (27,746)  
Total discontinued operations, net (5,753) 8,228
Net income (loss) (37,844) 275,594
Noncontrolling interests in consolidated joint ventures 176 1,248
Noncontrolling interests in Operating Partnership 3,666 (26,843)
Noncontrolling interests in Operating Partnership in discontinued operations (549) 837
Redeemable noncontrolling interests (6,471) (4,667)
Net income (loss) available to common shareholders $ (39,924) $ 244,495
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.41) $ 2.59
Discontinued operations (0.06) 0.08
Net income (loss) available to common unitholders (0.47) 2.67
Diluted earnings per common share:    
Income (loss) from continuing operations (0.41) 2.58
Discontinued operations (0.06) 0.08
Net income (loss) available to common unitholders $ (0.47) $ 2.66
Basic weighted average shares outstanding 90,616 90,498
Diluted weighted average shares outstanding 100,183 100,943
Real Estate Services [Member]    
REVENUES    
Total revenues $ 2,993 $ 3,842
Parking Income [Member]    
REVENUES    
Total revenues 5,265 4,866
Hotel Income [Member]    
REVENUES    
Total revenues 1,625 283
Other Income [Member]    
REVENUES    
Total revenues 1,724 1,884
Mack-Cali Realty LP [Member]    
REVENUES    
Revenue from leases 70,450 79,391
Total revenues 82,057 90,266
EXPENSES    
Real estate taxes 10,937 11,644
Utilities 3,853 6,112
Operating services 16,064 16,799
Real estate services expenses 3,721 4,266
General and administrative 15,818 13,319
Depreciation and amortization 33,796 31,534
Land and other Impairments 5,263  
Total expenses 89,452 83,674
OTHER (EXPENSE) INCOME    
Interest expense (20,918) (23,481)
Interest and other investment income (loss) 32 823
Equity in earnings (loss) of unconsolidated joint ventures (708) (681)
Gain on change of control of interests   13,790
Realized gains (losses) and unrealized losses on disposition of rental property, net (7,915) 268,109
Gain on disposition of developable land 4,813  
Gain on sale of investment in unconsolidated joint venture   903
Gain from extinguishment of debt, net   1,311
Total other income (expense) (24,696) 260,774
Income (loss) from continuing operations (32,091) 267,366
Discontinued operations:    
Income from discontinued operations 21,993 8,228
Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net (27,746)  
Total discontinued operations, net (5,753) 8,228
Net income (loss) (37,844) 275,594
Noncontrolling interests in consolidated joint ventures 176 1,248
Redeemable noncontrolling interests (6,471) (4,667)
Net income (loss) available to common shareholders $ (44,139) $ 272,175
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.41) $ 2.59
Discontinued operations (0.06) 0.08
Net income (loss) available to common unitholders (0.47) 2.67
Diluted earnings per common share:    
Income (loss) from continuing operations (0.41) 2.58
Discontinued operations (0.06) 0.08
Net income (loss) available to common unitholders $ (0.47) $ 2.66
Basic weighted average units outstanding 100,183 100,740
Diluted weighted average units outstanding 100,183 100,943
Mack-Cali Realty LP [Member] | Real Estate Services [Member]    
REVENUES    
Total revenues $ 2,993 $ 3,842
Mack-Cali Realty LP [Member] | Parking Income [Member]    
REVENUES    
Total revenues 5,265 4,866
Mack-Cali Realty LP [Member] | Hotel Income [Member]    
REVENUES    
Total revenues 1,625 283
Mack-Cali Realty LP [Member] | Other Income [Member]    
REVENUES    
Total revenues $ 1,724 $ 1,884