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 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
86,673 |
|
$ |
87,391 |
|
$ |
86,605 |
|
$ |
90,266 |
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.59 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.58 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2018 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
90,277 |
|
$ |
90,951 |
|
$ |
86,207 |
|
$ |
98,279 |
Net income (loss) |
$ |
52,523 |
|
$ |
1,689 |
|
$ |
1,501 |
|
$ |
50,688 |
Net income (loss) available to common shareholders |
$ |
43,804 |
|
$ |
(1,478) |
|
$ |
(1,251) |
|
$ |
43,036 |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common shareholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common shareholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
Mack-Cali Realty, L.P.
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
86,673 |
|
$ |
87,391 |
|
$ |
86,605 |
|
$ |
90,266 |
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.59 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common units: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.58 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2018 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
90,277 |
|
$ |
90,951 |
|
$ |
86,207 |
|
$ |
98,279 |
Net income (loss) |
$ |
52,523 |
|
$ |
1,689 |
|
$ |
1,501 |
|
$ |
50,688 |
Net income (loss) available to common unitholders |
$ |
48,757 |
|
$ |
(1,645) |
|
$ |
(1,393) |
|
$ |
47,919 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common unitholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common unitholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|
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 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
86,673 |
|
$ |
87,391 |
|
$ |
86,605 |
|
$ |
90,266 |
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.59 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.58 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common shareholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2018 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
90,277 |
|
$ |
90,951 |
|
$ |
86,207 |
|
$ |
98,279 |
Net income (loss) |
$ |
52,523 |
|
$ |
1,689 |
|
$ |
1,501 |
|
$ |
50,688 |
Net income (loss) available to common shareholders |
$ |
43,804 |
|
$ |
(1,478) |
|
$ |
(1,251) |
|
$ |
43,036 |
|
|
|
|
|
` |
|
|
|
|
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common shareholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common shareholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
Mack-Cali Realty, L.P.
The following summarizes the condensed quarterly financial information for the Company (dollars in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2019 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
86,673 |
|
$ |
87,391 |
|
$ |
86,605 |
|
$ |
90,266 |
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 |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.59 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.67 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common units: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.53 |
|
$ |
(0.64) |
|
$ |
(0.45) |
|
$ |
2.58 |
Discontinued operations |
|
(1.17) |
|
|
(0.01) |
|
|
0.02 |
|
|
0.08 |
Net income (loss) available to common unitholders |
$ |
(0.64) |
|
$ |
(0.65) |
|
$ |
(0.43) |
|
$ |
2.66 |
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended 2018 |
|
December 31 |
|
|
September 30 |
|
|
June 30 |
|
|
March 31 |
Total revenues |
$ |
90,277 |
|
$ |
90,951 |
|
$ |
86,207 |
|
$ |
98,279 |
Net income (loss) |
$ |
52,523 |
|
$ |
1,689 |
|
$ |
1,501 |
|
$ |
50,688 |
Net income (loss) available to common unitholders |
$ |
48,757 |
|
$ |
(1,645) |
|
$ |
(1,393) |
|
$ |
47,919 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common unitholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common unit: |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
$ |
0.37 |
|
$ |
(0.12) |
|
$ |
(0.13) |
|
$ |
0.42 |
Discontinued operations |
|
0.08 |
|
|
0.07 |
|
|
0.08 |
|
|
0.03 |
Net income (loss) available to common unitholders |
$ |
0.45 |
|
$ |
(0.05) |
|
$ |
(0.05) |
|
$ |
0.45 |
|