XML 13 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 115,054 $ 145,338 $ 384,930 $ 350,608
Costs and expenses:        
Interest expense 42,407 46,522 127,748 136,851
Depreciation and amortization 14,621 14,199 43,407 43,586
General and administrative 19,868 24,110 73,138 72,512
(Recovery of) provision for loan losses (1,976) (3,805) 4,093 (3,792)
Provision for losses on net investment in leases 175 0 2,001 0
Impairment of assets 0 0 6,491 4,953
Other expense 73 407 351 12,798
Total costs and expenses 113,461 152,721 425,641 409,858
Income from sales of real estate 6,055 3,476 6,118 233,406
Income (loss) from operations before earnings from equity method investments and other items 7,648 (3,907) (34,593) 174,156
Loss on early extinguishment of debt, net (7,924) 0 (12,038) (468)
Earnings from equity method investments 6,805 7,617 26,003 16,566
Selling profit from sales-type leases 0 0 0 180,416
Net income (loss) before income taxes 6,529 3,710 (20,628) 370,670
Income tax expense (78) (84) (165) (323)
Net income (loss) 6,451 3,626 (20,793) 370,347
Net (income) attributable to noncontrolling interests (2,646) (2,845) (8,435) (8,168)
Net income (loss) attributable to iStar Inc.  3,805 781 (29,228) 362,179
Preferred dividends (5,874) (8,124) (17,622) (24,372)
Net income (loss) allocable to common shareholders $ (2,069) $ (7,343) $ (46,850) $ 337,807
Net income (loss) allocable to common shareholders:        
Basic (in dollars per share) $ (0.03) $ (0.12) $ (0.61) $ 5.23
Diluted (in dollars per share) $ (0.03) $ (0.12) $ (0.61) $ 4.26
Weighted average number of common shares:        
Basic (in shares) 75,033 62,168 76,232 64,624
Diluted (in shares) 75,033 62,168 76,232 80,876
Operating lease income        
Revenues:        
Total revenues $ 46,370 $ 44,110 $ 140,529 $ 158,210
Interest income        
Revenues:        
Total revenues 14,270 19,701 46,925 60,417
Interest income from sales-type leases        
Revenues:        
Total revenues 8,360 8,339 25,010 12,157
Other income        
Revenues:        
Total revenues 25,552 18,270 56,212 43,133
Land development revenue        
Revenues:        
Total revenues 20,502 54,918 116,254 76,691
Costs and expenses:        
Cost of sales expense 21,358 48,101 114,704 71,785
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 16,935 $ 23,187 $ 53,708 $ 71,165