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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations
The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted earnings per share calculations ($ in thousands, except for per share data):
 
 
For the Three Months Ended March 31,
 
 
2013
 
2012
Income (loss) from continuing operations
 
$
(61,955
)
 
$
(41,826
)
Net (income) loss attributable to noncontrolling interests
 
189

 
(25
)
Income from sales of residential property
 
23,697

 
6,733

Preferred dividends
 
(10,580
)
 
(10,580
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders
 
$
(48,649
)
 
$
(45,698
)
Schedule of earnings per share allocable to common shares and HPU shares
 
For the Three Months Ended March 31,
 
2013
 
2012
Earnings allocable to common shares:
 
 
 
Numerator for basic earnings per share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(47,074
)
 
$
(44,197
)
Income (loss) from discontinued operations
930

 
(12,922
)
Gain from discontinued operations
4,881

 
2,327

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(41,263
)
 
$
(54,792
)
Numerator for diluted earnings per share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(47,074
)
 
$
(44,197
)
Income (loss) from discontinued operations
930

 
(12,922
)
Gain from discontinued operations
4,881

 
2,327

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(41,263
)
 
$
(54,792
)
Denominator for basic and diluted earnings per share:
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
84,824

 
83,556

Basic earnings per common share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.56
)
 
$
(0.54
)
Income (loss) from discontinued operations
0.01

 
(0.15
)
Gain from discontinued operations
0.06

 
0.03

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.49
)
 
$
(0.66
)
Diluted earnings per common share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.56
)
 
$
(0.54
)
Income (loss) from discontinued operations
0.01

 
(0.15
)
Gain from discontinued operations
0.06

 
0.03

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.49
)
 
$
(0.66
)
 
For the Three Months Ended March 31,
 
2013
 
2012
Earnings allocable to High Performance Units:
 
 
 
Numerator for basic earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,575
)
 
$
(1,501
)
Income (loss) from discontinued operations
31

 
(439
)
Gain from discontinued operations
163

 
79

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,381
)
 
$
(1,861
)
Numerator for diluted earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,575
)
 
$
(1,501
)
Income (loss) from discontinued operations
31

 
(439
)
Gain from discontinued operations
163

 
79

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,381
)
 
$
(1,861
)
Denominator for basic and diluted earnings per HPU share:
 
 
 
Weighted average High Performance Units outstanding for basic and diluted earnings per share
15

 
15

Basic earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(105.01
)
 
$
(100.07
)
Income (loss) from discontinued operations
2.07

 
(29.27
)
Gain from discontinued operations
10.87

 
5.27

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(92.07
)
 
$
(124.07
)
Diluted earnings per HPU share:
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(105.01
)
 
$
(100.07
)
Income (loss) from discontinued operations
2.07

 
(29.27
)
Gain from discontinued operations
10.87

 
5.27

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(92.07
)
 
$
(124.07
)
Schedule of anti-dilutive shares
For the three months ended March 31, 2013 and 2012, the following shares were anti-dilutive ($ in thousands):
 
For the Three Months Ended March 31,
 
2013
 
2012
Joint venture shares
298

 
298

Stock options
—

 
44

3% Senior convertible unsecured notes
16,992

 
—

Series J convertible perpetual preferred stock
15,635

 
—