XML 13 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 105,588 $ 96,415 $ 218,848 $ 269,875
Costs and expenses:        
Interest expense 39,417 41,950 78,980 85,341
Depreciation and amortization 14,660 14,300 30,115 28,786
General and administrative 30,394 18,998 51,833 53,270
(Recovery of) provision for loan losses (2,263) 2,067 (6,057) 6,070
(Recovery of) provision for losses on net investment in leases (265) 534 (1,866) 1,826
Impairment of assets 0 4,783 1,785 6,491
Other expense 211 203 464 277
Total costs and expenses 131,246 113,398 250,563 312,181
Income from sales of real estate 2,210 62 2,822 62
Loss from operations before earnings from equity method investments and other items (23,448) (16,921) (28,893) (42,244)
Loss on early extinguishment of debt, net 0 0 0 (4,115)
Earnings (losses) from equity method investments 12,697 2,586 25,466 19,198
Net income (loss) before income taxes (10,751) (14,335) (3,427) (27,161)
Income tax benefit (expense) (665) (28) 0 (88)
Net income (loss) (11,416) (14,363) (3,427) (27,249)
Net (income) attributable to noncontrolling interests (2,253) (3,098) (4,773) (5,789)
Net income (loss) attributable to iStar Inc. (13,669) (17,461) (8,200) (33,038)
Preferred dividends (5,874) (5,874) (11,748) (11,748)
Net loss allocable to common shareholders - Basic $ (19,543) $ (23,335) $ (19,948) $ (44,786)
Net loss allocable to common shareholders:        
Basic (in dollars per share) $ (0.27) $ (0.31) $ (0.27) $ (0.58)
Diluted (in dollars per share) $ (0.27) $ (0.31) $ (0.27) $ (0.58)
Weighted average number of common shares:        
Basic (in shares) 72,872 76,232 73,374 76,838
Diluted (in shares) 72,872 76,232 73,374 76,838
Operating lease income        
Revenues:        
Total revenues $ 45,544 $ 46,812 $ 92,988 $ 94,158
Interest income        
Revenues:        
Total revenues 8,973 15,439 19,623 32,655
Interest income from sales-type leases        
Revenues:        
Total revenues 8,689 8,295 17,316 16,650
Other income        
Revenues:        
Total revenues 10,064 10,292 24,354 30,660
Land development revenue        
Revenues:        
Total revenues 32,318 15,577 64,567 95,752
Costs and expenses:        
Cost of sales expense 30,803 16,287 60,126 93,346
Impairment of assets       1,500
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 18,289 $ 14,276 $ 35,183 $ 36,774