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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
For the Six Months
Ended June 30,
 
2013
 
2012
 
2013
 
2012
Income (loss) from continuing operations
$
(56,672
)
 
$
(88,473
)
 
$
(118,606
)
 
$
(130,293
)
Net (income) loss attributable to noncontrolling interests
311

 
722

 
500

 
696

Income from sales of residential property
34,319

 
13,266

 
58,016

 
19,999

Preferred dividends
(12,780
)
 
(10,580
)
 
(23,360
)
 
(21,160
)
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders, HPU holders and Participating Security Holders
$
(34,822
)
 
$
(85,065
)
 
$
(83,450
)
 
$
(130,758
)
Schedule of earnings per share allocable to common shares and HPU shares
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
 
2013
 
2012
 
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
$
(33,699
)
 
$
(82,288
)
 
$
(80,752
)
 
$
(126,476
)
Income (loss) from discontinued operations
(314
)
 
(748
)
 
596

 
(13,677
)
Gain from discontinued operations
8,012

 
24,040

 
12,892

 
26,364

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(26,001
)
 
$
(58,996
)
 
$
(67,264
)
 
$
(113,789
)
Numerator for diluted earnings per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(33,699
)
 
$
(82,288
)
 
$
(80,752
)
 
$
(126,476
)
Income (loss) from discontinued operations
(314
)
 
(748
)
 
596

 
(13,677
)
Gain from discontinued operations
8,012

 
24,040

 
12,892

 
26,364

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(26,001
)
 
$
(58,996
)
 
$
(67,264
)
 
$
(113,789
)
Denominator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding for basic and diluted earnings per common share
85,125

 
84,113

 
84,975

 
83,834

Basic earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.40
)
 
$
(0.98
)
 
$
(0.95
)
 
$
(1.51
)
Income (loss) from discontinued operations
—

 
(0.01
)
 
0.01

 
(0.16
)
Gain from discontinued operations
0.09

 
0.29

 
0.15

 
0.31

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.31
)
 
$
(0.70
)
 
$
(0.79
)
 
$
(1.36
)
Diluted earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.40
)
 
$
(0.98
)
 
$
(0.95
)
 
$
(1.51
)
Income (loss) from discontinued operations
—

 
(0.01
)
 
0.01

 
(0.16
)
Gain from discontinued operations
0.09

 
0.29

 
0.15

 
0.31

Net income (loss) attributable to iStar Financial Inc. and allocable to common shareholders
$
(0.31
)
 
$
(0.70
)
 
$
(0.79
)
 
$
(1.36
)
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
 
2013
 
2012
 
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
$
(1,123
)
 
$
(2,777
)
 
$
(2,698
)
 
$
(4,282
)
Income (loss) from discontinued operations
(10
)
 
(25
)
 
20

 
(463
)
Gain from discontinued operations
267

 
811

 
431

 
893

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(866
)
 
$
(1,991
)
 
$
(2,247
)
 
$
(3,852
)
Numerator for diluted earnings per HPU share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(1,123
)
 
$
(2,777
)
 
$
(2,698
)
 
$
(4,282
)
Income (loss) from discontinued operations
(10
)
 
(25
)
 
20

 
(463
)
Gain from discontinued operations
267

 
811

 
431

 
893

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(866
)
 
$
(1,991
)
 
$
(2,247
)
 
$
(3,852
)
Denominator for basic and diluted earnings per HPU share:
 
 
 
 
 
 
 
Weighted average High Performance Units outstanding for basic and diluted earnings per share
15

 
15

 
15

 
15

Basic earnings per HPU share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(74.87
)
 
$
(185.13
)
 
$
(179.87
)
 
$
(285.46
)
Income (loss) from discontinued operations
(0.67
)
 
(1.67
)
 
1.33

 
(30.87
)
Gain from discontinued operations
17.80

 
54.07

 
28.73

 
59.53

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(57.74
)
 
$
(132.73
)
 
$
(149.81
)
 
$
(256.80
)
Diluted earnings per HPU share:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to iStar Financial Inc. and allocable to HPU holders
$
(74.87
)
 
$
(185.13
)
 
$
(179.87
)
 
$
(285.46
)
Income (loss) from discontinued operations
(0.67
)
 
(1.67
)
 
1.33

 
(30.87
)
Gain from discontinued operations
17.80

 
54.07

 
28.73

 
59.53

Net income (loss) attributable to iStar Financial Inc. and allocable to HPU holders
$
(57.74
)
 
$
(132.73
)
 
$
(149.81
)
 
$
(256.80
)
Schedule of anti-dilutive shares
For the three and six months ended June 30, 2013 and 2012, the following shares were anti-dilutive (in thousands):
 
For the Three Months
Ended June 30,
 
For the Six Months
Ended June 30,
 
2013
 
2012
 
2013
 
2012
Joint venture shares
298

 
298

 
298

 
298

3% Senior convertible unsecured notes
16,992

 
—

 
16,992

 
—

Series J convertible perpetual preferred stock
15,635

 
—

 
15,635

 
—