Segment Reporting (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Segment Reporting Information [Line Items] |
|
| Schedule Of Selected Results Of Operations And Asset Information |
|
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|
|
|
|
|
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|
|
Commercial |
|
|
Multi-family |
|
|
|
Corporate |
|
|
Total |
|
|
& Other Real Estate |
|
Real Estate & Services (d) |
|
|
|
& Other (e) |
|
|
Company |
Total revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
155,045 |
|
$ |
156,841 |
|
|
$ |
1,676 |
|
$ |
313,562 |
2019 |
|
184,966 |
|
|
170,833 |
|
|
|
1,403 |
|
|
357,202 |
2018 |
|
257,487 |
|
|
113,805 |
|
|
|
432 |
|
|
371,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and |
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a): |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
73,184 |
|
$ |
95,631 |
|
|
$ |
127,184 |
|
$ |
295,999 |
2019 |
|
80,050 |
|
|
89,512 |
|
|
|
127,425 |
|
|
296,987 |
2018 |
|
116,912 |
|
|
70,279 |
|
|
|
98,797 |
|
|
285,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of |
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures: |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
(2,254) |
|
$ |
(1,578) |
|
|
$ |
- |
|
$ |
(3,832) |
2019 |
|
(1,194) |
|
|
(125) |
|
|
|
- |
|
|
(1,319) |
2018 |
|
2,319 |
|
|
(2,446) |
|
|
|
- |
|
|
(127) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b): |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
79,607 |
|
$ |
59,632 |
|
|
$ |
(125,508) |
|
$ |
13,731 |
2019 |
|
103,722 |
|
|
81,196 |
|
|
|
(126,022) |
|
|
58,896 |
2018 |
|
142,894 |
|
|
41,080 |
|
|
|
(98,365) |
|
|
85,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
1,881,161 |
|
$ |
3,249,516 |
|
|
$ |
17,109 |
|
$ |
5,147,786 |
2019 |
|
2,178,321 |
|
|
3,079,409 |
|
|
|
35,068 |
|
|
5,292,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c): |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
1,693,054 |
|
$ |
3,035,485 |
|
|
$ |
(1,411) |
|
$ |
4,727,128 |
2019 |
|
1,947,053 |
|
|
2,812,306 |
|
|
|
3,834 |
|
|
4,763,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in |
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
5,555 |
|
$ |
156,827 |
|
|
$ |
- |
|
$ |
162,382 |
2019 |
|
7,367 |
|
|
201,724 |
|
|
|
- |
|
|
209,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition-related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
(c)Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill.
(d)Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2018, and which also include the Company’s consolidated hotel operations.
(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
|
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders |
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2020 |
|
|
2019 |
|
|
2018 |
Net operating income |
$ |
13,731 |
|
$ |
58,896 |
|
$ |
85,609 |
Add (deduct): |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
(122,035) |
|
|
(133,597) |
|
|
(113,817) |
Land and other impairments |
|
(16,817) |
|
|
(32,444) |
|
|
(24,566) |
Property impairments |
|
(36,582) |
|
|
- |
|
|
- |
Gain on change of control of interests |
|
- |
|
|
13,790 |
|
|
14,217 |
Realized gains (losses) and unrealized losses on disposition of |
|
|
|
|
|
|
|
|
rental property, net |
|
5,481 |
|
|
343,102 |
|
|
99,436 |
Gain on disposition of developable land |
|
5,787 |
|
|
522 |
|
|
30,939 |
Gain on sale from unconsolidated joint ventures |
|
35,184 |
|
|
903 |
|
|
- |
Gain (loss) from extinguishment of debt, net |
|
(272) |
|
|
1,648 |
|
|
(8,994) |
Income (loss) from continuing operations |
|
(115,523) |
|
|
252,820 |
|
|
82,824 |
Discontinued operations |
|
|
|
|
|
|
|
|
Income from discontinued operations |
|
70,724 |
|
|
24,366 |
|
|
23,577 |
Realized gains (losses) and unrealized losses on |
|
|
|
|
|
|
|
|
disposition of rental property and impairments, net |
|
11,201 |
|
|
(133,350) |
|
|
- |
Total discontinued operations, net |
|
81,925 |
|
|
(108,984) |
|
|
23,577 |
Net income (loss) |
|
(33,598) |
|
|
143,836 |
|
|
106,401 |
Noncontrolling interests in consolidated joint ventures |
|
2,695 |
|
|
3,904 |
|
|
1,216 |
Noncontrolling interests in Operating Partnership |
|
13,279 |
|
|
(23,720) |
|
|
(7,127) |
Noncontrolling interest in discontinued operations |
|
(7,880) |
|
|
10,456 |
|
|
(2,400) |
Redeemable noncontrolling interests |
|
(25,883) |
|
|
(22,615) |
|
|
(13,979) |
Net income (loss) available to common shareholders |
$ |
(51,387) |
|
$ |
111,861 |
|
$ |
84,111 |
|
| Mack-Cali Realty LP [Member] |
|
| Segment Reporting Information [Line Items] |
|
| Schedule Of Selected Results Of Operations And Asset Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
|
Multi-family |
|
|
|
Corporate |
|
|
Total |
|
|
& Other Real Estate |
|
Real Estate & Services (d) |
|
|
|
& Other (e) |
|
|
Company |
Total revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
155,045 |
|
$ |
156,841 |
|
|
$ |
1,676 |
|
$ |
313,562 |
2019 |
|
184,966 |
|
|
170,833 |
|
|
|
1,403 |
|
|
357,202 |
2018 |
|
257,487 |
|
|
113,805 |
|
|
|
432 |
|
|
371,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating and |
|
|
|
|
|
|
|
|
|
|
|
|
interest expenses (a): |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
73,184 |
|
$ |
95,631 |
|
|
$ |
127,184 |
|
$ |
295,999 |
2019 |
|
80,050 |
|
|
89,512 |
|
|
|
127,425 |
|
|
296,987 |
2018 |
|
116,912 |
|
|
70,279 |
|
|
|
98,797 |
|
|
285,988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings (loss) of |
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures: |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
(2,254) |
|
$ |
(1,578) |
|
|
$ |
- |
|
$ |
(3,832) |
2019 |
|
(1,194) |
|
|
(125) |
|
|
|
- |
|
|
(1,319) |
2018 |
|
2,319 |
|
|
(2,446) |
|
|
|
- |
|
|
(127) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating income (loss) (b): |
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
79,607 |
|
$ |
59,632 |
|
|
$ |
(125,508) |
|
$ |
13,731 |
2019 |
|
103,722 |
|
|
81,196 |
|
|
|
(126,022) |
|
|
58,896 |
2018 |
|
142,894 |
|
|
41,080 |
|
|
|
(98,365) |
|
|
85,609 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
1,881,161 |
|
$ |
3,249,516 |
|
|
$ |
17,109 |
|
$ |
5,147,786 |
2019 |
|
2,178,321 |
|
|
3,079,409 |
|
|
|
35,068 |
|
|
5,292,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-lived assets (c): |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
1,693,054 |
|
$ |
3,035,485 |
|
|
$ |
(1,411) |
|
$ |
4,727,128 |
2019 |
|
1,947,053 |
|
|
2,812,306 |
|
|
|
3,834 |
|
|
4,763,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investments in |
|
|
|
|
|
|
|
|
|
|
|
|
unconsolidated joint ventures: |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
$ |
5,555 |
|
$ |
156,827 |
|
|
$ |
- |
|
$ |
162,382 |
2019 |
|
7,367 |
|
|
201,724 |
|
|
|
- |
|
|
209,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; real estate services expenses; general and administrative, acquisition-related costs and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
(b)Net operating income represents total revenues less total operating and interest expenses (as defined and classified in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
(c)Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill.
(d)Segment assets and operations were owned through a consolidated variable interest entity commencing in February 2018, and which also include the Company’s consolidated hotel operations.
(e)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense), as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
|
| Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2020 |
|
|
2019 |
|
|
2018 |
Net operating income |
$ |
13,731 |
|
$ |
58,896 |
|
$ |
85,609 |
Add (deduct): |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
(122,035) |
|
|
(133,597) |
|
|
(113,817) |
Land and other impairments |
|
(16,817) |
|
|
(32,444) |
|
|
(24,566) |
Property impairments |
|
(36,582) |
|
|
- |
|
|
- |
Gain on change of control of interests |
|
- |
|
|
13,790 |
|
|
14,217 |
Realized gains (losses) and unrealized losses on disposition of |
|
|
|
|
|
|
|
|
rental property, net |
|
5,481 |
|
|
343,102 |
|
|
99,436 |
Gain on disposition of developable land |
|
5,787 |
|
|
522 |
|
|
30,939 |
Gain on sale from unconsolidated joint ventures |
|
35,184 |
|
|
903 |
|
|
- |
Gain (loss) from extinguishment of debt, net |
|
(272) |
|
|
1,648 |
|
|
(8,994) |
Income (loss) from continuing operations |
|
(115,523) |
|
|
252,820 |
|
|
82,824 |
Discontinued operations |
|
|
|
|
|
|
|
|
Income from discontinued operations |
|
70,724 |
|
|
24,366 |
|
|
23,577 |
Realized gains (losses) and unrealized losses on |
|
|
|
|
|
|
|
|
disposition of rental property and impairments, net |
|
11,201 |
|
|
(133,350) |
|
|
- |
Total discontinued operations, net |
|
81,925 |
|
|
(108,984) |
|
|
23,577 |
Net income (loss) |
|
(33,598) |
|
|
143,836 |
|
|
106,401 |
Noncontrolling interests in consolidated joint ventures |
|
2,695 |
|
|
3,904 |
|
|
1,216 |
Redeemable noncontrolling interests |
|
(25,883) |
|
|
(22,615) |
|
|
(13,979) |
Net income (loss) available to common unitholders |
$ |
(56,786) |
|
$ |
125,125 |
|
$ |
93,638 |
|