Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.21.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES    
Revenue from leases $ 65,771 $ 71,979
Total revenues 76,093 83,604
EXPENSES    
Real estate taxes 11,831 11,140
Utilities 4,092 3,853
Operating services 15,450 16,221
Real estate services expenses 3,318 3,722
General and administrative 13,989 15,818
Depreciation and amortization 28,173 33,895
Land and other impairments 413 5,263
Total expenses 77,266 89,912
OTHER (EXPENSE) INCOME    
Interest expense (17,610) (20,918)
Interest and other investment income (loss) 17 32
Equity in earnings (loss) of unconsolidated joint ventures (1,456) (708)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net   (7,915)
Gain on disposition of developable land   4,813
Total other income (expense) (19,049) (24,696)
Net income (loss) from continuing operations (20,222) (31,004)
Discontinued operations:    
Income from discontinued operations 10,962 20,906
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 22,781 (27,746)
Total discontinued operations, net 33,743 (6,840)
Net income (loss) 13,521 (37,844)
Noncontrolling interests in consolidated joint ventures 1,335 176
Noncontrolling interests in Operating Partnership of income from continuing operations 2,305 3,562
Noncontrolling interests in Operating Partnership in discontinued operations (3,067) 653
Redeemable noncontrolling interests (6,471) (6,471)
Net income (loss) available to common shareholders $ 7,623 $ (39,924)
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.28) $ (0.40)
Discontinued operations 0.34 (0.07)
Net income (loss) available to common shareholders 0.06 (0.47)
Diluted earnings per common share:    
Income (loss) from continuing operations (0.28) (0.40)
Discontinued operations 0.34 (0.07)
Net income (loss) available to common shareholders $ 0.06 $ (0.47)
Basic weighted average shares outstanding 90,692 90,616
Diluted weighted average shares outstanding 99,760 100,183
Real Estate Services [Member]    
REVENUES    
Total revenues $ 2,527 $ 2,993
Parking Income [Member]    
REVENUES    
Total revenues 3,086 5,265
Hotel Income [Member]    
REVENUES    
Total revenues 1,053 1,625
Other Income [Member]    
REVENUES    
Total revenues 3,656 1,742
Mack-Cali Realty LP [Member]    
REVENUES    
Revenue from leases 65,771 71,979
Total revenues 76,093 83,604
EXPENSES    
Real estate taxes 11,831 11,140
Utilities 4,092 3,853
Operating services 15,450 16,221
Real estate services expenses 3,318 3,722
General and administrative 13,989 15,818
Depreciation and amortization 28,173 33,895
Land and other impairments 413 5,263
Total expenses 77,266 89,912
OTHER (EXPENSE) INCOME    
Interest expense (17,610) (20,918)
Interest and other investment income (loss) 17 32
Equity in earnings (loss) of unconsolidated joint ventures (1,456) (708)
Realized gains (losses) and unrealized gains (losses) on disposition of rental property, net   (7,915)
Gain on disposition of developable land   4,813
Total other income (expense) (19,049) (24,696)
Net income (loss) from continuing operations (20,222) (31,004)
Discontinued operations:    
Income from discontinued operations 10,962 20,906
Realized gains (losses) and unrealized gains (losses) on disposition of rental property and impairments, net 22,781 (27,746)
Total discontinued operations, net 33,743 (6,840)
Net income (loss) 13,521 (37,844)
Noncontrolling interests in consolidated joint ventures 1,335 176
Redeemable noncontrolling interests (6,471) (6,471)
Net income (loss) available to common shareholders $ 8,385 $ (44,139)
Basic earnings per common share:    
Income (loss) from continuing operations $ (0.28) $ (0.40)
Discontinued operations 0.34 (0.07)
Net income (loss) available to common shareholders 0.06 (0.47)
Diluted earnings per common share:    
Income (loss) from continuing operations (0.28) (0.40)
Discontinued operations 0.34 (0.07)
Net income (loss) available to common shareholders $ 0.06 $ (0.47)
Basic weighted average units outstanding 99,760 100,183
Diluted weighted average units outstanding 99,760 100,183
Mack-Cali Realty LP [Member] | Real Estate Services [Member]    
REVENUES    
Total revenues $ 2,527 $ 2,993
Mack-Cali Realty LP [Member] | Parking Income [Member]    
REVENUES    
Total revenues 3,086 5,265
Mack-Cali Realty LP [Member] | Hotel Income [Member]    
REVENUES    
Total revenues 1,053 1,625
Mack-Cali Realty LP [Member] | Other Income [Member]    
REVENUES    
Total revenues $ 3,656 $ 1,742