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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Operating lease income $ 57,522 $ 54,111 $ 115,995 $ 107,305
Interest income 29,682 36,448 54,349 73,651
Other income 13,125 16,659 24,517 27,354
Total revenues 100,329 107,218 194,861 208,310
Costs and expenses:        
Interest expense 69,157 94,474 140,723 179,818
Real estate expense 37,065 38,172 74,966 73,242
Depreciation and amortization 17,389 16,740 34,772 32,909
General and administrative 20,876 19,792 42,723 42,637
Provision for loan losses 5,020 [1] 26,531 15,226 [1] 44,031
Impairment of assets 0 6,150 0 6,900
Other expense 146 3,907 5,770 4,360
Total costs and expenses 149,653 205,766 314,180 383,897
Income (loss) before earnings from equity method investments and other items (49,324) (98,548) (119,319) (175,587)
Gain (loss) on early extinguishment of debt, net (15,242) (4,868) (24,784) (3,164)
Earnings from equity method investments 8,323 18,420 30,001 53,206
Income (loss) from continuing operations before income taxes (56,243) (84,996) (114,102) (125,545)
Income tax expense (429) (3,477) (4,504) (4,748)
Income (loss) from continuing operations(1) (56,672) [2] (88,473) [2] (118,606) [2] (130,293) [2]
Income (loss) from discontinued operations (324) (773) 616 (14,140)
Gain from discontinued operations 8,279 24,851 13,323 27,257
Income from sales of residential property 34,319 13,266 58,016 19,999
Net income (loss) (14,398) (51,129) (46,651) (97,177)
Net (income) loss attributable to noncontrolling interests 311 722 500 696
Net income (loss) attributable to iStar Financial Inc. (14,087) (50,407) (46,151) (96,481)
Preferred dividends (12,780) (10,580) (23,360) (21,160)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 866 [3],[4] 1,991 [3],[4] 2,247 [3],[4] 3,852 [3],[4]
Net income (loss) allocable to common shareholders $ (26,001) $ (58,996) $ (67,264) $ (113,789)
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic (in dollars per share) $ (0.40) [2] $ (0.98) [2] $ (0.95) [2] $ (1.51) [2]
Diluted (in dollars per share) $ (0.40) [2] $ (0.98) [2] $ (0.95) [2] $ (1.51) [2]
Net income (loss) attributable to iStar Financial Inc.:        
Basic (in dollars per share) $ (0.31) $ (0.70) $ (0.79) $ (1.36)
Diluted (in dollars per share) $ (0.31) $ (0.70) $ (0.79) $ (1.36)
Weighted average number of common shares—basic 85,125 84,113 84,975 83,834
Weighted average number of common shares—diluted 85,125 84,113 84,975 83,834
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic (in dollars per share) $ (74.87) [2],[4] $ (185.13) [2],[4] $ (179.87) [2],[4] $ (285.46) [2],[4]
Diluted (in dollars per share) $ (74.87) [2],[4] $ (185.13) [2],[4] $ (179.87) [2],[4] $ (285.46) [2],[4]
Net income (loss) attributable to iStar Financial Inc.:        
Basic (in dollars per share) $ (57.74) [2],[4] $ (132.73) [2],[4] $ (149.81) [2],[4] $ (256.80) [2],[4]
Diluted (in dollars per share) $ (57.74) [2],[4] $ (132.73) [2],[4] $ (149.81) [2],[4] $ (256.80) [2],[4]
Weighted average number of HPU shares—basic and diluted 15 [2],[4] 15 [2],[4] 15 [2],[4] 15 [2],[4]
[1] Included in the provision for loan losses for the three and six months ended June 30, 2013 was a $6.0 million recovery related to the resolution of a non-performing loan that was previously fully reserved.
[2] Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended June 30, 2013 and 2012 was $(56.4) million and $(87.8) million, respectively, and for the six months ended June 30, 2013, and 2012 was $(118.1) million and $(129.6) million, respectively. See Note 13 for details on the calculation of earnings per share.
[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).
[4] 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).