Condensed Quarterly Financial Information |
20. CONDENSED QUARTERLY FINANCIAL INFORMATION (unaudited)
Mack-Cali Realty Corporation
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2020 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
76,564 |
|
$ |
79,197 |
|
$ |
74,197 |
|
$ |
83,604 |
Net income (loss) |
$ |
78,298 |
|
$ |
(41,118) |
|
$ |
(32,934) |
|
$ |
(37,844) |
Net income (loss) available to common shareholders |
$ |
65,632 |
|
$ |
(42,208) |
|
$ |
(34,887) |
|
$ |
(39,924) |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common shareholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common shareholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
88,227 |
|
$ |
89,038 |
|
$ |
88,138 |
|
$ |
91,799 |
Net income (loss) |
$ |
(55,408) |
|
$ |
(56,021) |
|
$ |
(20,329) |
|
$ |
275,594 |
Net income (loss) available to common shareholders |
$ |
(54,652) |
|
$ |
(55,928) |
|
$ |
(22,054) |
|
$ |
244,495 |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.59 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.58 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
Mack-Cali Realty, L.P.
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2020 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
76,564 |
|
$ |
79,197 |
|
$ |
74,197 |
|
$ |
83,604 |
Net income (loss) |
$ |
78,298 |
|
$ |
(41,118) |
|
$ |
(32,934) |
|
$ |
(37,844) |
Net income (loss) available to common unitholders |
$ |
72,623 |
|
$ |
(46,694) |
|
$ |
(38,576) |
|
$ |
(44,139) |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common unitholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common units: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common unitholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
88,227 |
|
$ |
89,038 |
|
$ |
88,138 |
|
$ |
91,799 |
Net income (loss) |
$ |
(55,408) |
|
$ |
(56,021) |
|
$ |
(20,329) |
|
$ |
275,594 |
Net income (loss) available to common unitholders |
$ |
(60,475) |
|
$ |
(62,087) |
|
$ |
(24,488) |
|
$ |
272,175 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.59 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.58 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|
Condensed Quarterly Financial Information |
20. CONDENSED QUARTERLY FINANCIAL INFORMATION (unaudited)
Mack-Cali Realty Corporation
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2020 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
76,564 |
|
$ |
79,197 |
|
$ |
74,197 |
|
$ |
83,604 |
Net income (loss) |
$ |
78,298 |
|
$ |
(41,118) |
|
$ |
(32,934) |
|
$ |
(37,844) |
Net income (loss) available to common shareholders |
$ |
65,632 |
|
$ |
(42,208) |
|
$ |
(34,887) |
|
$ |
(39,924) |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common shareholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common shareholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
88,227 |
|
$ |
89,038 |
|
$ |
88,138 |
|
$ |
91,799 |
Net income (loss) |
$ |
(55,408) |
|
$ |
(56,021) |
|
$ |
(20,329) |
|
$ |
275,594 |
Net income (loss) available to common shareholders |
$ |
(54,652) |
|
$ |
(55,928) |
|
$ |
(22,054) |
|
$ |
244,495 |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.59 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.58 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
Mack-Cali Realty, L.P.
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2020 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
76,564 |
|
$ |
79,197 |
|
$ |
74,197 |
|
$ |
83,604 |
Net income (loss) |
$ |
78,298 |
|
$ |
(41,118) |
|
$ |
(32,934) |
|
$ |
(37,844) |
Net income (loss) available to common unitholders |
$ |
72,623 |
|
$ |
(46,694) |
|
$ |
(38,576) |
|
$ |
(44,139) |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common unitholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common units: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.22 |
|
$ |
(0.83) |
|
$ |
(0.50) |
|
$ |
(0.40) |
Discontinued operations |
|
0.45 |
|
|
0.34 |
|
|
0.09 |
|
|
(0.07) |
Net income (loss) available to common unitholders |
$ |
0.67 |
|
$ |
(0.49) |
|
$ |
(0.41) |
|
$ |
(0.47) |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
88,227 |
|
$ |
89,038 |
|
$ |
88,138 |
|
$ |
91,799 |
Net income (loss) |
$ |
(55,408) |
|
$ |
(56,021) |
|
$ |
(20,329) |
|
$ |
275,594 |
Net income (loss) available to common unitholders |
$ |
(60,475) |
|
$ |
(62,087) |
|
$ |
(24,488) |
|
$ |
272,175 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.59 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.51 |
|
$ |
(0.63) |
|
$ |
(0.44) |
|
$ |
2.58 |
Discontinued operations |
|
(1.15) |
|
|
(0.02) |
|
|
0.01 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|