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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Operating lease income $ 219,019 $ 198,478 $ 186,630
Interest income 133,410 226,871 364,094
Other income 48,043 39,720 50,733
Total revenues 400,472 465,069 601,457
Costs and expenses:      
Interest expense 355,097 342,186 313,766
Real estate expenses 151,827 138,943 121,399
Depreciation and amortization 69,350 58,662 57,220
General and administrative 80,856 105,039 109,526
Provision for loan losses 81,740 46,412 331,487
Impairment of assets 13,778 13,239 12,809
Other expense 17,266 11,070 16,055
Total costs and expenses 769,914 715,551 962,262
Income (loss) before earnings from equity method investments and other items (369,442) (250,482) (360,805)
Gain (loss) on early extinguishment of debt, net (37,816) 101,466 108,923
Earnings from equity method investments 103,009 95,091 51,908
Income (loss) from continuing operations before income taxes (304,249) (53,925) (199,974)
Income tax (expense) benefit (8,445) 4,719 (7,023)
Income (loss) from continuing operations(1) (312,694) [1] (49,206) [1] (206,997) [1]
Income (loss) from discontinued operations (19,465) (7,318) 16,821
Gain from discontinued operations 27,257 25,110 270,382
Income from sales of residential property 63,472 5,721 0
Net income (loss) (241,430) (25,693) 80,206
Net (income) loss attributable to noncontrolling interests 1,500 3,629 (523)
Net income (loss) attributable to iStar Financial Inc. (239,930) (22,064) 79,683
Preferred dividends (42,320) (42,320) (42,320)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 9,253 [2],[3] 1,997 [2],[3] (1,084) [2],[3]
Net income (loss) allocable to common shareholders $ (272,997) $ (62,387) $ 36,279
Income (loss) attributable to iStar Financial Inc. from continuing operations:      
Basic (in dollars per share) $ (3.35) [1] $ (0.89) [1] $ (2.60) [1]
Diluted (in dollars per share) $ (3.35) [1] $ (0.89) [1] $ (2.60) [1]
Net income (loss) attributable to iStar Financial Inc.:      
Basic (in dollars per share) $ (3.26) $ (0.70) $ 0.39
Diluted (in dollars per share) $ (3.26) $ (0.70) $ 0.39
Weighted average number of common shares—basic 83,742 88,688 93,244
Weighted average number of common shares—diluted 83,742 88,688 93,244
Income (loss) attributable to iStar Financial Inc. from continuing operations:      
Basic $ (633.94) [1],[3] $ (169.93) [1],[3] $ (493.33) [1],[3]
Diluted $ (633.94) [1],[3] $ (169.93) [1],[3] $ (493.33) [1],[3]
Net income (loss) attributable to iStar Financial Inc.:      
Basic $ (616.87) [1],[3] $ (133.13) [1],[3] $ 72.27 [1],[3]
Diluted $ (616.87) [1],[3] $ (133.13) [1],[3] $ 72.27 [1],[3]
Weighted average number of HPU shares—basic and diluted 15 [1],[3] 15 [1],[3] 15 [1],[3]
[1] Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2012, 2011 and 2010 was $(311.2) million, $(45.6) million and $(207.5) million, respectively. See Note 13 for details on the calculation of earnings per share.
[2] Participating Security holders are Company employees and directors who hold unvested restricted stock units, restricted stock awards and common stock equivalents granted under the Company's Long Term Incentive Plans that are eligible to participate in dividends (see Note 12 and Note 13).
[3] HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program (see Note 11).