Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Rental property    
Land and leasehold interests $ 639,636 $ 639,636
Buildings and improvements 3,804,162 3,743,831
Tenant improvements 164,448 171,623
Furniture, fixtures and equipment 85,612 83,553
Gross investment in rental property 4,693,858 4,638,643
Less - accumulated depreciation and amortization (668,452) (656,331)
Total investment in rental property 4,025,406 3,982,312
Real estate held for sale, net 415,029 656,963
Net investment in rental property 4,440,435 4,639,275
Cash and cash equivalents 261,682 38,096
Restricted cash 18,836 14,207
Investments in unconsolidated joint ventures 159,971 162,382
Unbilled rents receivable, net 79,855 84,907
Deferred charges, goodwill and other assets, net 192,028 199,541
Accounts receivable 7,551 9,378
Total assets 5,160,358 5,147,786
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,945 572,653
Unsecured revolving credit facility and term loans   25,000
Mortgages, loans payable and other obligations, net 2,249,019 2,204,144
Dividends and distributions payable 1,475 1,493
Accounts payable, accrued expenses and other liabilities 184,587 194,717
Rents received in advance and security deposits 31,810 34,101
Accrued interest payable 15,739 10,001
Total liabilities 3,055,575 3,042,109
Commitments and contingencies
Redeemable noncontrolling interests 515,267 513,297
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,729,703 and 90,712,417 shares outstanding 907 907
Additional paid-in capital 2,528,570 2,528,187
Dividends in excess of net earnings (1,122,654) (1,130,277)
Accumulated other comprehensive income (loss)
Total Mack-Cali Realty Corporation stockholders' equity 1,406,823 1,398,817
Noncontrolling interests in subsidiaries:    
Operating Partnership 139,246 148,791
Consolidated joint ventures 43,447 44,772
Total noncontrolling interests in subsidiaries 182,693 193,563
Total equity 1,589,516 1,592,380
Total liabilities and equity 5,160,358 5,147,786
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 639,636 639,636
Buildings and improvements 3,804,162 3,743,831
Tenant improvements 164,448 171,623
Furniture, fixtures and equipment 85,612 83,553
Gross investment in rental property 4,693,858 4,638,643
Less - accumulated depreciation and amortization (668,452) (656,331)
Total investment in rental property 4,025,406 3,982,312
Real estate held for sale, net 415,029 656,963
Net investment in rental property 4,440,435 4,639,275
Cash and cash equivalents 261,682 38,096
Restricted cash 18,836 14,207
Investments in unconsolidated joint ventures 159,971 162,382
Unbilled rents receivable, net 79,855 84,907
Deferred charges, goodwill and other assets, net 192,028 199,541
Accounts receivable 7,551 9,378
Total assets 5,160,358 5,147,786
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,945 572,653
Unsecured revolving credit facility and term loans   25,000
Mortgages, loans payable and other obligations, net 2,249,019 2,204,144
Dividends and distributions payable 1,475 1,493
Accounts payable, accrued expenses and other liabilities 184,587 194,717
Rents received in advance and security deposits 31,810 34,101
Accrued interest payable 15,739 10,001
Total liabilities 3,055,575 3,042,109
Commitments and contingencies
Redeemable noncontrolling interests 515,267 513,297
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,729,703 and 90,712,417 common units outstanding 1,336,498 1,330,048
Limited partners, 8,980,338 and 9,649,031 common units/LTIPs outstanding 209,571 217,560
Total Mack-Cali Realty, L.P. partners' capital 1,546,069 1,547,608
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 43,447 44,772
Total equity 1,589,516 1,592,380
Total liabilities and equity $ 5,160,358 $ 5,147,786