Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES        
Total revenues $ 132,114 $ 160,018 $ 397,670 $ 472,671
EXPENSES        
Real estate taxes 15,680 21,300 52,007 63,609
Operating services 27,107 26,312 75,664 80,495
Real estate services expenses 4,400 6,207 13,696 18,376
General and administrative 11,620 13,140 41,160 37,223
Depreciation and amortization 45,813 52,375 128,523 157,768
Total expenses 114,610 130,814 341,099 390,722
Operating income 17,504 29,204 56,571 81,949
OTHER (EXPENSE) INCOME        
Interest expense (21,094) (25,634) (60,168) (70,898)
Interest and other investment income (loss) 851 762 2,620 1,358
Equity in earnings (loss) of unconsolidated joint ventures (687) (1,533) 833 (4,882)
Gain on change of control of interests 14,217   14,217  
Realized gains (losses) and unrealized losses on disposition of rental property, net (9,102) 31,336 50,094 (2,112)
Gain on sale of investment in unconsolidated joint venture   10,568   23,131
Loss from extinguishment of debt, net     (10,289) (239)
Total other income (expense) (15,815) 15,499 (2,693) (53,642)
Net income 1,689 44,703 53,878 28,307
Noncontrolling interest in consolidated joint ventures 451 447 576 865
Noncontrolling interest in Operating Partnership 167 (4,413) (4,574) (2,412)
Redeemable noncontrolling interest (3,785) (2,683) (9,573) (6,157)
Net income (loss) available to common shareholders $ (1,478) $ 38,054 $ 40,307 $ 20,603
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ 0.39 $ 0.35 $ 0.06
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ 0.39 $ 0.35 $ 0.06
Basic weighted average shares outstanding 90,468 90,023 90,355 89,997
Diluted weighted average shares outstanding 100,712 100,727 100,684 100,701
Base Rents [Member]        
REVENUES        
Total revenues $ 107,239 $ 128,643 $ 323,725 $ 382,915
Escalations And Recoveries From Tenants [Member]        
REVENUES        
Total revenues 12,656 16,385 35,748 47,455
Real Estate Services [Member]        
REVENUES        
Total revenues 4,432 5,748 13,167 17,980
Parking Income [Member]        
REVENUES        
Total revenues 5,499 5,766 16,583 15,047
Other Income [Member]        
REVENUES        
Total revenues 2,288 3,476 8,447 9,274
Utilities [Member]        
EXPENSES        
Utilities 9,990 11,480 30,049 33,251
Mack-Cali Realty LP [Member]        
REVENUES        
Total revenues 132,114 160,018 397,670 472,671
EXPENSES        
Real estate taxes 15,680 21,300 52,007 63,609
Utilities 9,990 11,480 30,049 33,251
Operating services 27,107 26,312 75,664 80,495
Real estate services expenses 4,400 6,207 13,696 18,376
General and administrative 11,620 13,140 41,160 37,223
Depreciation and amortization 45,813 52,375 128,523 157,768
Total expenses 114,610 130,814 341,099 390,722
Operating income 17,504 29,204 56,571 81,949
OTHER (EXPENSE) INCOME        
Interest expense (21,094) (25,634) (60,168) (70,898)
Interest and other investment income (loss) 851 762 2,620 1,358
Equity in earnings (loss) of unconsolidated joint ventures (687) (1,533) 833 (4,882)
Gain on change of control of interests 14,217   14,217  
Realized gains (losses) and unrealized losses on disposition of rental property, net (9,102) 31,336 50,094 (2,112)
Gain on sale of investment in unconsolidated joint venture   10,568   23,131
Loss from extinguishment of debt, net     (10,289) (239)
Total other income (expense) (15,815) 15,499 (2,693) (53,642)
Net income 1,689 44,703 53,878 28,307
Noncontrolling interest in consolidated joint ventures 451 447 576 865
Redeemable noncontrolling interest (3,785) (2,683) (9,573) (6,157)
Net income (loss) available to common shareholders $ (1,645) $ 42,467 $ 44,881 $ 23,015
Basic earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ 0.39 $ 0.35 $ 0.06
Diluted earnings per common share:        
Net income (loss) available to common shareholders $ (0.05) $ 0.39 $ 0.35 $ 0.06
Basic weighted average units outstanding 100,712 100,462 100,606 100,391
Diluted weighted average units outstanding 100,712 100,727 100,684 100,701
Mack-Cali Realty LP [Member] | Base Rents [Member]        
REVENUES        
Total revenues $ 107,239 $ 128,643 $ 323,725 $ 382,915
Mack-Cali Realty LP [Member] | Escalations And Recoveries From Tenants [Member]        
REVENUES        
Total revenues 12,656 16,385 35,748 47,455
Mack-Cali Realty LP [Member] | Real Estate Services [Member]        
REVENUES        
Total revenues 4,432 5,748 13,167 17,980
Mack-Cali Realty LP [Member] | Parking Income [Member]        
REVENUES        
Total revenues 5,499 5,766 16,583 15,047
Mack-Cali Realty LP [Member] | Other Income [Member]        
REVENUES        
Total revenues $ 2,288 $ 3,476 $ 8,447 $ 9,274