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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 96,415 $ 98,468 $ 269,875 $ 205,270
Costs and expenses:        
Interest expense 41,950 43,752 85,341 90,329
Depreciation and amortization 14,300 13,718 28,786 29,386
General and administrative 18,998 27,303 53,270 48,402
Provision for loan losses 2,067 110 6,070 13
Provision for losses on net investment in leases 534 0 1,826 0
Impairment of assets 4,783 1,102 6,491 4,953
Other expense 203 11,883 277 12,391
Total costs and expenses 113,398 129,142 312,181 257,136
Income from sales of real estate 62 220,523 62 229,930
Income (loss) from operations before earnings from equity method investments and other items (16,921) 189,849 (42,244) 178,064
Loss on early extinguishment of debt, net 0 0 (4,115) (468)
Earnings from equity method investments 2,586 3,640 19,198 8,949
Selling profit from sales-type leases 0 180,416 0 180,416
Net income (loss) before income taxes (14,335) 373,905 (27,161) 366,961
Income tax expense (28) (214) (88) (240)
Net income (loss) (14,363) 373,691 (27,249) 366,721
Net (income) attributable to noncontrolling interests (3,098) (2,852) (5,789) (5,323)
Net income (loss) attributable to iStar Inc.  (17,461) 370,839 (33,038) 361,398
Preferred dividends (5,874) (8,124) (11,748) (16,248)
Net income (loss) allocable to common shareholders $ (23,335) $ 362,715 $ (44,786) $ 345,150
Net income (loss) allocable to common shareholders:        
Basic (in dollars per share) $ (0.31) $ 5.67 $ (0.58) $ 5.24
Diluted (in dollars per share) $ (0.31) $ 4.55 $ (0.58) $ 4.26
Weighted average number of common shares:        
Basic (in shares) 76,232 64,019 76,838 65,873
Diluted (in shares) 76,232 80,259 76,838 82,011
Operating lease income        
Revenues:        
Total revenues $ 46,812 $ 55,185 $ 94,158 $ 114,100
Interest income        
Revenues:        
Total revenues 15,439 20,341 32,655 40,716
Interest income from sales-type leases        
Revenues:        
Total revenues 8,295 3,817 16,650 3,817
Other income        
Revenues:        
Total revenues 10,292 10,050 30,660 24,863
Land development revenue        
Revenues:        
Total revenues 15,577 9,075 95,752 21,774
Costs and expenses:        
Cost of sales expense 16,287 9,236 93,346 23,684
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 14,276 $ 22,038 $ 36,774 $ 47,978