Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Rental property    
Land and leasehold interests $ 647,563 $ 653,231
Buildings and improvements 3,402,053 3,361,435
Tenant improvements 142,989 163,299
Furniture, fixtures and equipment 83,359 78,716
Gross investment in rental property 4,275,964 4,256,681
Less - accumulated depreciation and amortization (579,675) (558,617)
Total investment in rental property 3,696,289 3,698,064
Real estate held for sale, net 1,078,422 966,497
Net investment in rental property 4,774,711 4,664,561
Cash and cash equivalents 26,295 25,589
Restricted cash 14,144 15,577
Investments in unconsolidated joint ventures 200,409 209,091
Unbilled rents receivable, net 95,101 95,686
Deferred charges, goodwill and other assets, net 237,904 275,102
Accounts receivable 11,448 7,192
Total assets 5,360,012 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,068 571,484
Unsecured revolving credit facility and term loans 329,000 329,000
Mortgages, loans payable and other obligations, net 2,089,397 1,908,034
Dividends and distributions payable 1,574 22,265
Accounts payable, accrued expenses and other liabilities 217,875 209,510
Rents received in advance and security deposits 37,543 39,463
Accrued interest payable 10,104 10,185
Total liabilities 3,257,561 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 508,955 503,382
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,596,723 and 90,595,176 shares outstanding 906 906
Additional paid-in capital 2,533,686 2,535,440
Dividends in excess of net earnings (1,135,559) (1,042,629)
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty Corporation stockholders' equity 1,399,033 1,493,699
Noncontrolling interests in subsidiaries:    
Operating Partnership 148,039 158,480
Consolidated joint ventures 46,424 47,296
Total noncontrolling interests in subsidiaries 194,463 205,776
Total equity 1,593,496 1,699,475
Total liabilities and equity 5,360,012 5,292,798
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 647,563 653,231
Buildings and improvements 3,402,053 3,361,435
Tenant improvements 142,989 163,299
Furniture, fixtures and equipment 83,359 78,716
Gross investment in rental property 4,275,964 4,256,681
Less - accumulated depreciation and amortization (579,675) (558,617)
Total investment in rental property 3,696,289 3,698,064
Real estate held for sale, net 1,078,422 966,497
Net investment in rental property 4,774,711 4,664,561
Cash and cash equivalents 26,295 25,589
Restricted cash 14,144 15,577
Investments in unconsolidated joint ventures 200,409 209,091
Unbilled rents receivable, net 95,101 95,686
Deferred charges, goodwill and other assets, net 237,904 275,102
Accounts receivable 11,448 7,192
Total assets 5,360,012 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,068 571,484
Unsecured revolving credit facility and term loans 329,000 329,000
Mortgages, loans payable and other obligations, net 2,089,397 1,908,034
Dividends and distributions payable 1,574 22,265
Accounts payable, accrued expenses and other liabilities 217,875 209,510
Rents received in advance and security deposits 37,543 39,463
Accrued interest payable 10,104 10,185
Total liabilities 3,257,561 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 508,955 503,382
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,596,723 and 90,595,176 common units outstanding 1,330,531 1,427,568
Limited partners, 9,586,528 and 9,612,064 common units/LTIPs outstanding 216,541 224,629
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty, L.P. partners' capital 1,547,072 1,652,179
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 46,424 47,296
Total equity 1,593,496 1,699,475
Total liabilities and equity $ 5,360,012 $ 5,292,798