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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Operating lease income $ 234,567 $ 216,291 $ 195,872
Interest income 108,015 133,410 226,871
Other income 48,208 47,838 39,722
Total revenues 390,790 397,539 462,465
Costs and expenses:      
Interest expense 266,225 355,097 342,186
Real estate expense 157,441 151,458 138,714
Depreciation and amortization 71,266 68,770 58,091
General and administrative 92,114 80,856 105,039
Provision for loan losses 5,489 81,740 [1] 46,412 [1]
Impairment of assets 12,589 13,778 13,239
Other expense 8,050 17,266 11,070
Total costs and expenses 613,174 768,965 714,751
Income (loss) before earnings from equity method investments and other items (222,384) (371,426) (252,286)
Gain (loss) on early extinguishment of debt, net (33,190) (37,816) 101,466
Earnings from equity method investments 41,520 103,009 95,091
Loss on transfer of interest to unconsolidated subsidiary (7,373) 0 0
Income (loss) from continuing operations before income taxes (221,427) (306,233) (55,729)
Income tax (expense) benefit 659 (8,445) 4,719
Income (loss) from continuing operations(1) (220,768) [2] (314,678) [2] (51,010) [2]
Income (loss) from discontinued operations 644 (17,481) (5,514)
Gain from discontinued operations 22,233 27,257 25,110
Income from sales of residential property (86,658) (63,472) (5,721)
Net income (loss) (111,233) (241,430) (25,693)
Net (income) loss attributable to noncontrolling interests (718) 1,500 3,629
Net income (loss) attributable to iStar Financial Inc. (111,951) (239,930) (22,064)
Preferred dividends (49,020) (42,320) (42,320)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 5,202 [3],[4] 9,253 [3],[4] 1,997 [3],[4]
Net income (loss) allocable to common shareholders $ (155,769) $ (272,997) $ (62,387)
Income (loss) attributable to iStar Financial Inc. from continuing operations:      
Basic and diluted (in dollars per share) $ (2.09) [2] $ (3.37) [2] $ (0.91) [2]
Net income (loss) attributable to iStar Financial Inc.:      
Basic and diluted (in dollars per share) $ (1.83) [2] $ (3.26) [2] $ (0.70) [2]
Weighted average number of common shares—basic and diluted 84,990 [2] 83,742 [2] 88,688 [2]
Income (loss) attributable to iStar Financial Inc. from continuing operations:      
Basic and diluted (in dollars per share) $ (396.07) [2],[4] $ (638.27) [2],[4] $ (173.66) [2],[4]
Net income (loss) attributable to iStar Financial Inc.:      
Basic and diluted (in dollars per share) $ (346.80) [2],[4] $ (616.87) [2],[4] $ (133.13) [2],[4]
Weighted average number of HPU shares—basic and diluted 15 [2],[4] 15 [2],[4] 15 [2],[4]
[1] For the years ended December 31, 2013, 2012 and 2011, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $63.1 million, $4.6 million and $23.6 million, respectively.
[2] Income (loss) from continuing operations attributable to iStar Financial Inc. for the years ended December 31, 2013, 2012 and 2011 was $(221.5) million, $(313.2) million and $(47.4) 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).