Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

Schedule Of Segment Reporting Information, By Segment


		Real Estate
		Commercial				Multi-family			Corporate		Total
		& Other		Multi-family		Services			& Other (d)		Company
Total revenues:
Three months ended:
March 31, 2016	$	136,952	$	8,986	$	8,727	(e)	$	(1,742)	$	152,923
March 31, 2015		139,759		6,584		8,232	(f)		(860)		153,715

Total operating and
interest expenses (a):
Three months ended:
March 31, 2016	$	65,955	$	5,415	$	10,820	(g)	$	26,103	$	108,293
March 31, 2015		72,198		3,321		9,655	(h)		27,679		112,853

Equity in earnings (loss) of
unconsolidated joint ventures:
Three months ended:
March 31, 2016	$	(1,926)	$	(1,231)	$	1,603		$	-	$	(1,554)
March 31, 2015		(1,368)		(2,161)		-			-		(3,529)

Net operating income (loss) (b):
Three months ended:
March 31, 2016	$	69,071	$	2,340	$	(490)		$	(27,845)	$	43,076
March 31, 2015		66,193		1,102		(1,423)			(28,539)		37,333

Total assets:
March 31, 2016	$	3,136,311	$	955,980	$	11,039		$	125,120	$	4,228,450
December 31, 2015		3,166,577		836,020		9,831			41,535		4,053,963

Total long-lived assets (c):
March 31, 2016	$	2,848,674	$	703,605	$	3,623		$	(2,649)	$	3,553,253
December 31, 2015		2,886,583		577,705		3,670			(1,531)		3,466,427

Total investments in
unconsolidated joint ventures:
March 31, 2016	$	78,052	$	224,631	$	964		$	-	$	303,647
December 31, 2015		76,140		225,850		1,467			-		303,457

(a)Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services expenses; general and administrative and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.

(b)Net operating income represents total revenues less total operating and interest expenses (as defined in Note “a”), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.

(c)Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill.

(d)Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense, construction services revenue and direct construction costs) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.

(e)Includes $2.7 million of fees and salary reimbursements earned for this period from the multi-family real estate segment, which are eliminated in consolidation.

(f)Includes $1.2 million of fees and salary reimbursements earned for this period from the multi-family real estate segment, which are eliminated in consolidation.

(g)Includes $1.4 million of management fees and salary reimbursement expenses for this period from the multi-family real estate segment, which are eliminated in consolidation.

(h)Includes $0.9 million of management fees and salary reimbursement expenses for this period from the multi-family real estate segment, which are eliminated in consolidation.

Schedule Of Reconciliation Of Net Operating Income To Net Income Available To Common Shareholders



		Three Months Ended
		March 31,
		2016		2015
Net operating income	$	43,076	$	37,333
Add (deduct):
Depreciation and amortization		(43,063)		(40,802)
Gain on change of control of interests		10,156		-
Realized gains on disposition of
rental property, net		58,600		144
Net income (loss)		68,769		(3,325)
Noncontrolling interest in consolidated joint ventures		706		490
Net income (loss) available to common unitholders	$	69,475	$	(2,835)

MACK CALI REALTY L P 10-Q