Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Rental property    
Land and leasehold interests $ 641,962 $ 653,231
Buildings and improvements 3,669,960 3,361,435
Tenant improvements 163,900 163,299
Furniture, fixtures and equipment 78,558 78,716
Gross investment in rental property 4,554,380 4,256,681
Less - accumulated depreciation and amortization (627,995) (558,617)
Total investment in rental property 3,926,385 3,698,064
Real estate held for sale, net 714,404 966,497
Net investment in rental property 4,640,789 4,664,561
Cash and cash equivalents 22,872 25,589
Restricted cash 14,507 15,577
Investments in unconsolidated joint ventures 194,779 209,091
Unbilled rents receivable, net 86,818 95,686
Deferred charges, goodwill and other assets, net 220,194 275,102
Accounts receivable 10,784 7,192
Total assets 5,190,743 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,360 571,484
Unsecured revolving credit facility and term loans 156,000 329,000
Mortgages, loans payable and other obligations, net 2,167,522 1,908,034
Dividends and distributions payable 1,537 22,265
Accounts payable, accrued expenses and other liabilities 205,637 209,510
Rents received in advance and security deposits 36,575 39,463
Accrued interest payable 15,642 10,185
Total liabilities 3,155,273 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 511,352 503,382
Mack-Cali Realty Corporation stockholders' equity:    
Common stock, $0.01 par value, 190,000,000 shares authorized, 90,712,055 and 90,595,176 shares outstanding 907 906
Additional paid-in capital 2,531,122 2,535,440
Dividends in excess of net earnings (1,195,909) (1,042,629)
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty Corporation stockholders' equity 1,336,120 1,493,699
Noncontrolling interests in subsidiaries:    
Operating Partnership 142,469 158,480
Consolidated joint ventures 45,529 47,296
Total noncontrolling interests in subsidiaries 187,998 205,776
Total equity 1,524,118 1,699,475
Total liabilities and equity 5,190,743 5,292,798
Mack-Cali Realty LP [Member]    
Rental property    
Land and leasehold interests 641,962 653,231
Buildings and improvements 3,669,960 3,361,435
Tenant improvements 163,900 163,299
Furniture, fixtures and equipment 78,558 78,716
Gross investment in rental property 4,554,380 4,256,681
Less - accumulated depreciation and amortization (627,995) (558,617)
Total investment in rental property 3,926,385 3,698,064
Real estate held for sale, net 714,404 966,497
Net investment in rental property 4,640,789 4,664,561
Cash and cash equivalents 22,872 25,589
Restricted cash 14,507 15,577
Investments in unconsolidated joint ventures 194,779 209,091
Unbilled rents receivable, net 86,818 95,686
Deferred charges, goodwill and other assets, net 220,194 275,102
Accounts receivable 10,784 7,192
Total assets 5,190,743 5,292,798
LIABILITIES AND EQUITY    
Senior unsecured notes, net 572,360 571,484
Unsecured revolving credit facility and term loans 156,000 329,000
Mortgages, loans payable and other obligations, net 2,167,522 1,908,034
Dividends and distributions payable 1,537 22,265
Accounts payable, accrued expenses and other liabilities 205,637 209,510
Rents received in advance and security deposits 36,575 39,463
Accrued interest payable 15,642 10,185
Total liabilities 3,155,273 3,089,941
Commitments and contingencies
Redeemable noncontrolling interests 511,352 503,382
Mack-Cali Realty Corporation stockholders' equity:    
General Partner, 90,712,055 and 90,595,176 common units outstanding 1,268,493 1,427,568
Limited partners, 9,672,558 and 9,612,064 common units/LTIPs outstanding 210,096 224,629
Accumulated other comprehensive income (loss)   (18)
Total Mack-Cali Realty, L.P. partners' capital 1,478,589 1,652,179
Noncontrolling interests in subsidiaries:    
Noncontrolling interests in consolidated joint ventures 45,529 47,296
Total equity 1,524,118 1,699,475
Total liabilities and equity $ 5,190,743 $ 5,292,798