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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Operating lease income $ 59,139us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 62,108us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Interest income 34,896us-gaap_InterestAndFeeIncomeLoansCommercial 27,914us-gaap_InterestAndFeeIncomeLoansCommercial
Other income 10,564us-gaap_OtherIncome 14,584us-gaap_OtherIncome
Land development revenue 8,258us-gaap_LandSales 4,143us-gaap_LandSales
Total revenues 112,857us-gaap_Revenues 108,749us-gaap_Revenues
Costs and expenses:    
Interest expense 54,632us-gaap_InterestExpense 57,456us-gaap_InterestExpense
Real estate expense 39,634star_CostOfRealEstateHeldForSaleAndOtherRealEstateOwned 42,613star_CostOfRealEstateHeldForSaleAndOtherRealEstateOwned
Land development cost of sales 6,891star_CostsofLandSales 3,654star_CostsofLandSales
Depreciation and amortization 18,501us-gaap_DepreciationAndAmortization 18,613us-gaap_DepreciationAndAmortization
General and administrative 20,753us-gaap_GeneralAndAdministrativeExpense 19,788us-gaap_GeneralAndAdministrativeExpense
Provision for (recovery of) loan losses 4,293us-gaap_ProvisionForLoanLossesExpensed [1] (3,400)us-gaap_ProvisionForLoanLossesExpensed [1]
Impairment of assets 0us-gaap_AssetImpairmentCharges 2,979us-gaap_AssetImpairmentCharges
Other expense 2,123us-gaap_OtherExpenses 221us-gaap_OtherExpenses
Total costs and expenses 146,827us-gaap_CostsAndExpenses 141,924us-gaap_CostsAndExpenses
Income (loss) before earnings from equity method investments and other items (33,970)star_IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestmentsAndOtherItems (33,175)star_IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestmentsAndOtherItems
Loss on early extinguishment of debt, net (168)us-gaap_GainsLossesOnExtinguishmentOfDebt (1,180)us-gaap_GainsLossesOnExtinguishmentOfDebt
Earnings from equity method investments 6,547us-gaap_IncomeLossFromEquityMethodInvestments 3,177us-gaap_IncomeLossFromEquityMethodInvestments
Income (loss) from continuing operations before income taxes (27,591)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (31,178)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax (expense) benefit (5,878)us-gaap_IncomeTaxExpenseBenefit 507us-gaap_IncomeTaxExpenseBenefit
Income (loss) from continuing operations (33,469)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (30,671)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2]
Income from sales of real estate 21,156us-gaap_GainLossOnSaleOfProperties 16,494us-gaap_GainLossOnSaleOfProperties
Net income (loss) (12,313)us-gaap_ProfitLoss (14,177)us-gaap_ProfitLoss
Net (income) loss attributable to noncontrolling interests 1,841us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (454)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to iStar Financial Inc. (10,472)us-gaap_NetIncomeLoss (14,631)us-gaap_NetIncomeLoss
Preferred dividends (12,830)us-gaap_PreferredStockDividendsIncomeStatementImpact (12,830)us-gaap_PreferredStockDividendsIncomeStatementImpact
Net (income) loss allocable to HPU holders and Participating Security holders 749star_NetIncomeLossAvailableToHpuHoldersAndParticipatingSecurityHoldersBasic [3],[4] 889star_NetIncomeLossAvailableToHpuHoldersAndParticipatingSecurityHoldersBasic [3],[4]
Net income (loss) allocable to common shareholders $ (22,553)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (26,572)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Per basic and diluted share data:    
Income (loss) attributable to iStar Financial Inc. from continuing operations—Basic and diluted (in dollars per share) $ (0.26)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [2] $ (0.31)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare [2]
Net income (loss) attributable to iStar Financial Inc.—Basic and diluted (in dollars per share) $ (0.26)us-gaap_EarningsPerShareBasicAndDiluted [2] $ (0.31)us-gaap_EarningsPerShareBasicAndDiluted [2]
Weighted average number of common shares—Basic and diluted 85,497us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted [2] 84,819us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted [2]
Per HPU share data:    
Income (loss) attributable to iStar Financial Inc. from continuing operations—Basic and diluted (in dollars per share) $ (49.93)star_IncomeLossFromContinuingOperationsPerHPUBasicandDilutedShare [2],[4] $ (59.27)star_IncomeLossFromContinuingOperationsPerHPUBasicandDilutedShare [2],[4]
Net income (loss) attributable to iStar Financial Inc.—Basic and diluted (in dollars per share) $ (49.93)star_EarningsPerHPUShareBasicandDiluted [2],[4] $ (59.27)star_EarningsPerHPUShareBasicandDiluted [2],[4]
Weighted average High Performance Units outstanding for basic and diluted earnings per share 15star_WeightedAverageNumberOfHpuSharesOutstandingBasicAndDiluted [2],[4] 15star_WeightedAverageNumberOfHpuSharesOutstandingBasicAndDiluted [2],[4]
[1] For the three months ended March 31, 2015 and 2014, the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.2 million and $5.2 million, respectively.
[2] Income (loss) from continuing operations attributable to iStar Financial Inc. was $(31.6) million and $(31.3) million for the three months ended March 31, 2015 and 2014, respectively. See Note 13 for details on the calculation of earnings per share.
[3] Participating Security holders are non-employee directors who hold common stock equivalents and restricted stock awards 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.