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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Operating lease income $ 58,473 $ 53,123
Interest income 24,667 37,203
Other income 11,393 10,756
Total revenues 94,533 101,082
Costs and expenses:    
Interest expense 71,566 85,344
Real estate expense 37,916 35,068
Depreciation and amortization 17,389 16,168
General and administrative 21,848 22,845
Provision for loan losses 10,206 17,500
Impairment of assets 0 749
Other expense 5,625 453
Total costs and expenses 164,550 178,127
Income (loss) before earnings from equity method investments and other items (70,017) (77,045)
Gain (loss) on early extinguishment of debt, net (9,541) 1,704
Earnings from equity method investments 21,678 34,786
Income (loss) from continuing operations before income taxes (57,880) (40,555)
Income tax expense (4,075) (1,271)
Income (loss) from continuing operations(1) (61,955) [1] (41,826) [1]
Income (loss) from discontinued operations 961 (13,361)
Gain from discontinued operations 5,044 2,406
Income from sales of residential property 23,697 6,733
Net income (loss) (32,253) (46,048)
Net (income) loss attributable to noncontrolling interests 189 (25)
Net income (loss) attributable to iStar Financial Inc. (32,064) (46,073)
Preferred dividends (10,580) (10,580)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 1,381 [2],[3] 1,861 [2],[3]
Net income (loss) allocable to common shareholders $ (41,263) $ (54,792)
Income (loss) attributable to iStar Financial Inc. from continuing operations:    
Basic (in dollars per share) $ (0.56) [1] $ (0.54) [1]
Diluted (in dollars per share) $ (0.56) [1] $ (0.54) [1]
Net income (loss) attributable to iStar Financial Inc.:    
Basic (in dollars per share) $ (0.49) $ (0.66)
Diluted (in dollars per share) $ (0.49) $ (0.66)
Weighted average number of common shares—basic 84,824 83,556
Weighted average number of common shares—diluted 84,824 83,556
Income (loss) attributable to iStar Financial Inc. from continuing operations:    
Basic (in dollars per share) $ (105.01) [1],[2] $ (100.07) [1],[2]
Diluted (in dollars per share) $ (105.01) [1],[2] $ (100.07) [1],[2]
Net income (loss) attributable to iStar Financial Inc.:    
Basic (in dollars per share) $ (92.07) [1],[2] $ (124.07) [1],[2]
Diluted (in dollars per share) $ (92.07) [1],[2] $ (124.07) [1],[2]
Weighted average number of HPU shares—basic and diluted 15 [1],[2] 15 [1],[2]
[1] Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended March 31, 2013, and 2012 was $(61.8) million and $(41.9) million, respectively. See Note 13 for details on the calculation of earnings per share.
[2] 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).
[3] 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).