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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Operating lease income $ 60,691 $ 60,227 $ 183,766 $ 175,354
Interest income 31,098 24,235 94,139 78,584
Other income 18,407 11,234 62,253 35,778
Land sales revenue 3,290 0 11,920 0
Total revenues 113,486 95,696 352,078 289,716
Costs and expenses:        
Interest expense 55,424 63,793 169,410 204,516
Real estate expense 41,285 37,546 124,452 112,362
Land cost of sales 2,763 0 10,028 0
Depreciation and amortization 17,722 18,962 55,157 53,615
General and administrative 23,377 24,285 69,788 67,008
Provision for (recovery of) loan losses (673) [1] (9,834) [1] (6,865) [1] 5,392 [1]
Impairment of assets 15,462 6,261 21,741 6,261
Other expense (285) 1,495 4,626 7,266
Total costs and expenses 155,075 142,508 448,337 456,420
Income (loss) before earnings from equity method investments and other items (41,589) (46,812) (96,259) (166,704)
Loss on early extinguishment of debt, net (186) (3,498) (24,953) (28,282)
Earnings from equity method investments 49,578 4,345 76,848 34,346
Income (loss) from continuing operations before income taxes 7,803 (45,965) (44,364) (160,640)
Income tax (expense) benefit (103) 3,879 619 (625)
Income (loss) from continuing operations 7,700 [2] (42,086) [2] (43,745) [2] (161,265) [2]
Income (loss) from discontinued operations 0 255 0 1,441
Gain from discontinued operations 0 9,166 0 22,488
Income from sales of real estate 27,791 14,075 61,465 72,092
Net income (loss) 35,491 (18,590) 17,720 (65,244)
Net (income) loss attributable to noncontrolling interests 412 (167) (367) 332
Net income (loss) attributable to iStar Financial Inc. 35,903 (18,757) 17,353 (64,912)
Preferred dividends (12,830) (12,830) (38,490) (36,190)
Net (income) loss allocable to HPU holders and Participating Security holders (746) [3],[4] 1,016 [3],[4] 683 [3],[4] 3,263 [3],[4]
Net income (loss) allocable to common shareholders $ 22,327 $ (30,571) $ (20,454) $ (97,839)
Income (loss) attributable to iStar Financial Inc. from continuing operations:        
Basic $ 0.26 [2] $ (0.46) [2] $ (0.24) [2] $ (1.43) [2]
Diluted $ 0.21 [2] $ (0.46) [2] $ (0.24) [2] $ (1.43) [2]
Net income (loss) attributable to iStar Financial Inc.:        
Basic $ 0.26 [2] $ (0.36) [2] $ (0.24) [2] $ (1.15) [2]
Diluted $ 0.21 [2] $ (0.36) [2] $ (0.24) [2] $ (1.15) [2]
Weighted average number of shares:        
Basic 85,163 [2] 85,392 [2] 84,967 [2] 85,116 [2]
Diluted 130,160 [2] 85,392 [2] 84,967 [2] 85,116 [2]
Net income (loss) attributable to iStar Financial Inc.:        
Income (Loss) From Continuing Operations, Per HPU Basic $ 49.60 [2],[3] $ (87.93) [2],[3] $ (45.53) [2],[3] $ (269.07) [2],[3]
Income (Loss) From Continuing Operations, Per HPU Diluted $ 40.13 [2],[3] $ (87.93) [2],[3] $ (45.53) [2],[3] $ (269.07) [2],[3]
Earnings Per HPU Share, Basic $ 49.60 [2],[3] $ (67.73) [2],[3] $ (45.53) [2],[3] $ (217.54) [2],[3]
Earnings Per HPU Share, Diluted $ 40.13 [2],[3] $ (67.73) [2],[3] $ (45.53) [2],[3] $ (217.54) [2],[3]
Weighted Average Number of HPU Shares Outstanding Basic 15 [2],[3] 15 [2],[3] 15 [2],[3] 15 [2],[3]
Weighted Average Number of HPU Shares Outstanding Diluted 15 [2],[3] 15 [2],[3] 15 [2],[3] 15 [2],[3]
[1] For the three and nine months ended September 30, 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.9 million and $8.5 million, respectively. 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. was $8.1 million and $(44.1) million for the three and nine months ended September 30, 2014, respectively, and $(42.3) million and $(160.9) million for the three and nine months ended September 30, 2013, respectively. See Note 13 for details on the calculation of earnings per share.
[3] HPU holders are current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program.
[4] Participating Security holders are non-employee directors who hold unvested 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).