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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Operating lease income $ 60,306 $ 53,029 $ 175,638 $ 159,670
Interest income 24,235 31,171 78,584 104,822
Other income 11,261 9,334 35,778 36,696
Total revenues 95,802 93,534 290,000 301,188
Costs and expenses:        
Interest expense 63,793 91,777 204,516 271,594
Real estate expense 37,604 37,797 112,437 111,048
Depreciation and amortization 18,969 16,551 53,639 49,378
General and administrative 24,285 19,037 67,008 61,674
Provision for (recovery of) loan losses (9,834) [1] 16,834 5,392 [1] 60,865
Impairment of assets 6,261 1,734 6,261 8,632
Other expense 1,495 2,394 7,266 6,754
Total costs and expenses 142,573 186,124 456,519 569,945
Income (loss) before earnings from equity method investments and other items (46,771) (92,590) (166,519) (268,757)
Gain (loss) on early extinguishment of debt, net (3,498) (3,694) (28,282) (6,858)
Earnings from equity method investments 4,345 22,719 34,346 75,925
Income (loss) from continuing operations before income taxes (45,924) (73,565) (160,455) (199,690)
Income tax (expense) benefit 3,879 (1,791) (625) (6,540)
Income (loss) from continuing operations(1) (42,045) [2] (75,356) [2] (161,080) [2] (206,230) [2]
Income (loss) from discontinued operations 214 (4,534) 1,256 (18,094)
Gain from discontinued operations 9,166 0 22,488 27,257
Income from sales of residential property 14,075 15,584 72,092 35,583
Net income (loss) (18,590) (64,306) (65,244) (161,484)
Net (income) loss attributable to noncontrolling interests (167) 666 332 1,363
Net income (loss) attributable to iStar Financial Inc. (18,757) (63,640) (64,912) (160,121)
Preferred dividends (12,830) (10,580) (36,190) (31,740)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 1,016 [3],[4] 2,436 [3],[4] 3,263 [3],[4] 6,288 [3],[4]
Net income (loss) allocable to common shareholders $ (30,571) $ (71,784) $ (97,839) $ (185,573)
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic and diluted (in dollars per share) $ (0.46) [2] $ (0.81) [2] $ (1.42) [2] $ (2.32) [2]
Net income (loss) attributable to iStar Financial Inc.:        
Basic and diluted (in dollars per share) $ (0.36) [2] $ (0.86) [2] $ (1.15) [2] $ (2.22) [2]
Weighted average number of common shares—basic and diluted 85,392 [2] 83,629 [2] 85,116 [2] 83,765 [2]
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic and diluted (in dollars per share) $ (87.87) [2],[4] $ (152.47) [2],[4] $ (268.67) [2],[4] $ (439.20) [2],[4]
Net income (loss) attributable to iStar Financial Inc.:        
Basic and diluted (in dollars per share) $ (67.73) [2],[4] $ (162.40) [2],[4] $ (217.54) [2],[4] $ (419.20) [2],[4]
Weighted average number of HPU shares—basic and diluted 15 [2],[4] 15 [2],[4] 15 [2],[4] 15 [2],[4]
[1] For the three and nine months ended September 30, 2013, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $44.1 million and $55.1 million, respectively.
[2] Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended September 30, 2013 and 2012 was $(42.2) million and $(74.7) million, respectively, and for the nine months ended September 30, 2013, and 2012 was $(160.7) million and $(204.9) 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).