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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 195,485 $ 115,054 $ 414,335 $ 384,930
Costs and expenses:        
Interest expense 39,471 42,407 118,451 127,748
Depreciation and amortization 14,856 14,621 44,971 43,407
General and administrative 17,121 19,868 68,954 73,138
(Recovery of) provision for loan losses (1,556) (1,976) (7,613) 4,093
(Recovery of) provision for losses on net investment in leases 131 175 (1,735) 2,001
Impairment of assets 1,179 0 2,965 6,491
Other expense 2,011 73 2,475 351
Total costs and expenses 179,317 113,461 429,882 425,641
Income from sales of real estate 25,611 6,055 28,433 6,118
Loss from operations before earnings from equity method investments and other items 41,779 7,648 12,886 (34,593)
Loss on early extinguishment of debt, net 0 (7,924) 0 (12,038)
Earnings (losses) from equity method investments 89,209 6,805 114,675 26,003
Net income (loss) before income taxes 130,988 6,529 127,561 (20,628)
Income tax benefit (expense) 6 (78) 6 (165)
Net income (loss) 130,994 6,451 127,567 (20,793)
Net (income) attributable to noncontrolling interests (3,264) (2,646) (8,037) (8,435)
Net income (loss) attributable to iStar Inc. 127,730 3,805 119,530 (29,228)
Preferred dividends (5,874) (5,874) (17,622) (17,622)
Net income (loss) allocable to common shareholders - Basic $ 121,856 $ (2,069) $ 101,908 $ (46,850)
Net loss allocable to common shareholders:        
Basic (in dollars per share) $ 1.71 $ (0.03) $ 1.40 $ (0.61)
Diluted (in dollars per share) $ 1.51 $ (0.03) $ 1.30 $ (0.61)
Weighted average number of common shares:        
Weighted average common shares outstanding for basic earnings per common share 71,299 75,033 72,675 76,232
Diluted (in shares) 80,487 75,033 78,402 76,232
Operating lease income        
Revenues:        
Total revenues $ 44,392 $ 46,370 $ 137,381 $ 140,529
Interest income        
Revenues:        
Total revenues 7,951 14,270 27,574 46,925
Interest income from sales-type leases        
Revenues:        
Total revenues 9,578 8,360 26,895 25,010
Other income        
Revenues:        
Total revenues 40,195 25,552 64,549 56,212
Land development revenue        
Revenues:        
Total revenues 93,369 20,502 157,936 116,254
Costs and expenses:        
Cost of sales expense 87,380 21,358 147,507 114,704
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 18,724 $ 16,935 $ 53,907 $ 53,708