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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected quarterly financial data for the company
The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts).
 
 
For the Quarters Ended
 
 
December 31,
 
September 30,
 
June 30,
 
March 31,
2013:
 
 
 
 
 
 
 
 
Revenue(1)
 
$
101,073

 
$
95,696

 
$
99,919

 
$
94,102

Net income (loss)
 
$
(45,992
)
 
$
(18,590
)
 
$
(14,398
)
 
$
(32,253
)
Earnings per common share data:
 
 
 
 
 
 
 
 
Net income (loss) attributable to iStar Financial Inc. 
 
$
(47,043
)
 
$
(18,757
)
 
$
(14,087
)
 
$
(32,064
)
Basic and diluted earnings per share
 
$
(0.68
)
 
$
(0.36
)
 
$
(0.31
)
 
$
(0.49
)
Weighted average number of common shares—basic and diluted
 
84,617

 
85,392

 
85,125

 
84,824

Earnings per HPU share data:
 
 
 
 
 
 
 
 
Net income (loss) attributable to iStar Financial Inc. 
 
$
(1,939
)
 
$
(1,016
)
 
$
(866
)
 
$
(1,381
)
Basic and diluted earnings per share
 
$
(129.26
)
 
$
(67.73
)
 
$
(57.74
)
 
$
(92.07
)
Weighted average number of HPU shares—basic and diluted
 
15

 
15

 
15

 
15

 
 
For the Quarters Ended
 
 
December 31,
 
September 30,
 
June 30,
 
March 31,
2012(2):
 
 
 
 
 
 
 
 
Revenue(1)
 
$
96,421

 
$
93,462

 
$
106,886

 
$
100,770

Net income (loss)
 
$
(79,948
)
 
$
(64,306
)
 
$
(51,129
)
 
$
(46,048
)
Earnings per common share data:
 
 
 
 
 
 
 
 
Net income (loss) attributable to iStar Financial Inc. 
 
$
(79,810
)
 
$
(63,640
)
 
$
(50,407
)
 
$
(46,073
)
Basic and diluted earnings per share
 
$
(1.04
)
 
$
(0.86
)
 
$
(0.70
)
 
$
(0.66
)
Weighted average number of common shares—basic and diluted
 
83,674

 
83,629

 
84,113

 
83,556

Earnings per HPU share data:
 
 
 
 
 
 
 
 
Net income (loss) attributable to iStar Financial Inc. 
 
$
(2,966
)
 
$
(2,436
)
 
$
(1,991
)
 
$
(1,861
)
Basic and diluted earnings per share
 
$
(197.73
)
 
$
(162.40
)
 
$
(132.73
)
 
$
(124.07
)
Weighted average number of HPU shares—basic and diluted
 
15

 
15

 
15

 
15


Explanatory Notes:
_______________________________________________________________________________

(1)
All periods have been adjusted to reflect the impact of properties sold during 2013 and 2012 and properties classified as held for sale as of December 31, 2013, which are reflected in "Income (loss) from discontinued operations on the Consolidated Statements of Operations.
(2)
During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.