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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Operating lease income $ 62,108 $ 58,015
Interest income 27,914 24,667
Other income 14,584 11,393
Land sales revenue 4,143 0
Total revenues 108,749 94,075
Costs and expenses:    
Interest expense 57,456 71,566
Real estate expense 42,613 37,808
Land cost of sales 3,654 0
Depreciation and amortization 18,613 17,324
General and administrative 19,788 21,848
Provision for (recovery of) loan losses (3,400) [1] 10,206 [1]
Impairment of assets 2,979 0
Other expense 221 5,625
Total costs and expenses 141,924 164,377
Income (loss) before earnings from equity method investments and other items (33,175) (70,302)
Loss on early extinguishment of debt, net (1,180) (9,541)
Earnings from equity method investments 3,177 21,678
Income (loss) from continuing operations before income taxes (31,178) (58,165)
Income tax (expense) benefit 507 [2] (4,075) [2]
Income (loss) from continuing operations(1) (30,671) [3] (62,240) [3]
Income (loss) from discontinued operations 0 1,246
Gain from discontinued operations 0 5,044
Income from sales of residential property 16,494 23,697
Net income (loss) (14,177) (32,253)
Net (income) loss attributable to noncontrolling interests (454) 189
Net income (loss) attributable to iStar Financial Inc. (14,631) (32,064)
Preferred dividends (12,830) (10,580)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 889 [4],[5] 1,381 [4],[5]
Net income (loss) allocable to common shareholders $ (26,572) $ (41,263)
Income (loss) attributable to iStar Financial Inc. from continuing operations:    
Basic and diluted (in dollars per share) $ (0.31) [3] $ (0.56) [3]
Net income (loss) attributable to iStar Financial Inc.:    
Basic and diluted (in dollars per share) $ (0.31) [3] $ (0.49) [3]
Weighted average number of common shares—basic and diluted 84,819 [3] 84,824 [3]
Income (loss) attributable to iStar Financial Inc. from continuing operations:    
Basic and diluted (in dollars per share) $ (59.27) [3],[4] $ (105.61) [3],[4]
Net income (loss) attributable to iStar Financial Inc.:    
Basic and diluted (in dollars per share) $ (59.27) [3],[4] $ (92.07) [3],[4]
Weighted average number of HPU shares—basic and diluted 15 [3],[4] 15 [3],[4]
[1] For the three months ended March 31, 2014 and 2013, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $5.2 million and $4.6 million, respectively.
[2] Includes related amounts reclassified to discontinued operations on the Company's Consolidated Statements of Operations.
[3] Income (loss) from continuing operations attributable to iStar Financial Inc. for the three months ended March 31, 2014 and 2013 was $(31.3) million and $(62.1) million, respectively. See Note 13 for details on the calculation of earnings per share.
[4] HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program.
[5] 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).