Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Rental property    
Land and leasehold interests $ 639,636 $ 653,231
Buildings and improvements 3,743,831 3,361,435
Tenant improvements 171,623 163,299
Furniture, fixtures and equipment 83,553 78,716
Gross investment in rental property 4,638,643 4,256,681
Less - accumulated depreciation and amortization (656,331) (558,617)
Total investment in rental property 3,982,312 3,698,064
Real estate held for sale, net 656,963 966,497
Net investment in rental property 4,639,275 4,664,561
Cash and cash equivalents 38,096 25,589
Restricted cash 14,207 15,577
Investments in unconsolidated joint ventures 162,382 209,091
Unbilled rents receivable, net 84,907 95,686
Deferred charges, goodwill and other assets, net 199,541 275,102
Accounts receivable 9,378 7,192
Total assets 5,147,786 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,653 571,484
Unsecured revolving credit facility and term loans 25,000 329,000
Mortgages, loans payable and other obligations, net 2,204,144 1,908,034
Dividends and distributions payable 1,493 22,265
Accounts payable, accrued expenses and other liabilities 194,717 209,510
Rents received in advance and security deposits 34,101 39,463
Accrued interest payable 10,001 10,185
Total liabilities 3,042,109 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 513,297 503,382
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,712,417 and 90,595,176 shares outstanding 907 906
Additional paid-in capital 2,528,187 2,535,440
Dividends in excess of net earnings (1,130,277) (1,042,629)
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty Corporation stockholders' equity 1,398,817 1,493,699
Noncontrolling interests in subsidiaries:    
Operating Partnership 148,791 158,480
Consolidated joint ventures 44,772 47,296
Total noncontrolling interests in subsidiaries 193,563 205,776
Total equity 1,592,380 1,699,475
Total liabilities and equity 5,147,786 5,292,798
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 639,636 653,231
Buildings and improvements 3,743,831 3,361,435
Tenant improvements 171,623 163,299
Furniture, fixtures and equipment 83,553 78,716
Gross investment in rental property 4,638,643 4,256,681
Less - accumulated depreciation and amortization (656,331) (558,617)
Total investment in rental property 3,982,312 3,698,064
Real estate held for sale, net 656,963 966,497
Net investment in rental property 4,639,275 4,664,561
Cash and cash equivalents 38,096 25,589
Restricted cash 14,207 15,577
Investments in unconsolidated joint ventures 162,382 209,091
Unbilled rents receivable, net 84,907 95,686
Deferred charges, goodwill and other assets, net 199,541 275,102
Accounts receivable 9,378 7,192
Total assets 5,147,786 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,653 571,484
Unsecured revolving credit facility and term loans 25,000 329,000
Mortgages, loans payable and other obligations, net 2,204,144 1,908,034
Dividends and distributions payable 1,493 22,265
Accounts payable, accrued expenses and other liabilities 194,717 209,510
Rents received in advance and security deposits 34,101 39,463
Accrued interest payable 10,001 10,185
Total liabilities 3,042,109 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 513,297 503,382
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,712,417 and 90,595,176 common units outstanding 1,330,048 1,427,568
Limited partners, 9,649,031 and 9,612,064 common units/LTIPs outstanding 217,560 224,629
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty, L.P. partners' capital 1,547,608 1,652,179
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 44,772 47,296
Total equity 1,592,380 1,699,475
Total liabilities and equity $ 5,147,786 $ 5,292,798