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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Operating lease income $ 60,967 $ 57,112 $ 123,075 $ 115,128
Interest income 35,127 29,682 63,041 54,349
Other income 29,262 13,125 43,846 24,544
Land sales revenue 4,487 0 8,630 0
Total revenues 129,843 99,919 238,592 194,021
Costs and expenses:        
Interest expense 56,530 69,157 113,986 140,723
Real estate expense 40,554 36,981 83,167 74,815
Land cost of sales 3,611 0 7,265 0
Depreciation and amortization 18,822 17,330 37,435 34,653
General and administrative 26,623 20,876 46,411 42,723
Provision for (recovery of) loan losses (2,792) [1] 5,020 [1] (6,192) [1] 15,226 [1]
Impairment of assets 3,300 0 6,279 0
Other expense 4,690 146 4,911 5,770
Total costs and expenses 151,338 149,510 293,262 313,910
Income (loss) before earnings from equity method investments and other items (21,495) (49,591) (54,670) (119,889)
Loss on early extinguishment of debt, net (23,587) (15,242) (24,767) (24,784)
Earnings from equity method investments 24,093 8,323 27,270 30,001
Income (loss) from continuing operations before income taxes (20,989) (56,510) (52,167) (114,672)
Income tax (expense) benefit 215 (429) 722 (4,504)
Income (loss) from continuing operations(1) (20,774) [2] (56,939) [2] (51,445) [2] (119,176) [2]
Income (loss) from discontinued operations 0 (57) 0 1,186
Gain from discontinued operations 0 8,279 0 13,323
Gain (Loss) on Sale of Properties 17,180 34,319 33,674 58,016
Net income (loss) (3,594) (14,398) (17,771) (46,651)
Net (income) loss attributable to noncontrolling interests (325) 311 (779) 500
Net income (loss) attributable to iStar Financial Inc. (3,919) (14,087) (18,550) (46,151)
Preferred dividends (12,830) (12,780) (25,660) (23,360)
Net (income) loss allocable to HPU holders and Participating Security holders(2)(3) 542 [3],[4] 866 [3],[4] 1,431 [3],[4] 2,247 [3],[4]
Net income (loss) allocable to common shareholders $ (16,207) $ (26,001) $ (42,779) $ (67,264)
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic and diluted (in dollars per share) $ (0.19) [2] $ (0.40) [2] $ (0.50) [2] $ (0.95) [2]
Net income (loss) attributable to iStar Financial Inc.:        
Basic and diluted (in dollars per share) $ (0.19) [2] $ (0.31) [2] $ (0.50) [2] $ (0.79) [2]
Weighted average number of common shares—basic and diluted 84,916 [2] 85,125 [2] 84,868 [2] 84,975 [2]
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic and diluted (in dollars per share) $ (36.13) [2],[4] $ (75.41) [2],[4] $ (95.40) [2],[4] $ (181.07) [2],[4]
Net income (loss) attributable to iStar Financial Inc.:        
Basic and diluted (in dollars per share) $ (36.13) [2],[4] $ (57.74) [2],[4] $ (95.40) [2],[4] $ (149.81) [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 six months ended June 30, 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $2.4 million and $7.6 million, respectively. For the three and six months ended June 30, 2013, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $6.4 million and $11.0 million, respectively.
[2] Income (loss) from continuing operations attributable to iStar Financial Inc. was $(21.1) million and $(52.2) million for the three and six months ended June 30, 2014, respectively, and $(56.6) million and $(118.7) million for the three and six months ended June 30, 2013, 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.