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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 48,063 $ 54,254 $ 80,016 $ 114,238
Costs and expenses:        
Interest expense 24,149 28,641 53,392 57,450
Depreciation and amortization 1,338 1,573 2,695 3,974
General and administrative (5,179)   (3,804)  
General and administrative   30,394   51,833
Provision for (recovery of) loan losses 22,578 (2,158) 22,713 (5,800)
Provision for losses on net investment in leases 99 779 380 780
Impairment of assets 1,768 0 1,768 257
Other expense 1,523 211 2,453 463
Total costs and expenses 83,387 101,560 141,321 189,118
Income from sales of real estate   96 492 708
Loss from operations before earnings from equity method investments and other items (35,324) (47,210) (60,813) (74,172)
Loss on early extinguishment of debt, net (116,563) 0 (117,991) 0
Earnings from equity method investments 19,393 11,098 44,425 22,866
Net loss from continuing operations before income taxes (132,494) (36,112) (134,379) (51,306)
Income tax (expense) benefit 0 (619) (3) 79
Net loss from continuing operations (132,494) (36,731) (134,382) (51,227)
Net income from discontinued operations   25,315 797,688 47,800
Net income (loss) (132,494) (11,416) 663,306 (3,427)
Net (income) loss from continuing operations attributable to noncontrolling interests (117) 20 (99) 65
Net (income) from discontinued operations attributable to noncontrolling interests   (2,273) (179,089) (4,838)
Net income (loss) attributable to iStar Inc. (132,611) (13,669) 484,118 (8,200)
Preferred dividends (5,874) (5,874) (11,748) (11,748)
Net income (loss) allocable to common shareholders - Basic $ (138,485) $ (19,543) $ 472,370 $ (19,948)
Per common share data:        
Net income (loss) allocable to common shareholders - Basic $ (1.70) $ (0.27) $ 6.28 $ (0.27)
Net income (loss) allocable to common shareholders - Diluted (1.70) (0.27) 6.28 (0.27)
Net loss from continuing operations and allocable to common shareholders:        
Basic (in dollars per share) (1.70) (0.59) (1.94) (0.86)
Diluted (in dollars per share) $ (1.70) (0.59) (1.94) (0.86)
Net income from discontinued operations and allocable to common shareholders        
Basic (in dollars per share)   0.32 8.22 0.59
Diluted (in dollars per share)   $ 0.32 $ 8.22 $ 0.59
Weighted average number of common shares:        
Basic (in shares) 81,442 72,872 75,274 73,374
Diluted (in shares) 81,442 72,872 75,274 73,374
Operating lease income        
Revenues:        
Total revenues $ 3,182 $ 4,792 $ 6,291 $ 9,723
Interest income        
Revenues:        
Total revenues 4,221 8,084 9,169 17,874
Interest income from sales-type leases        
Revenues:        
Total revenues 376 157 732 157
Other income        
Revenues:        
Total revenues 15,881 8,903 24,521 21,917
Land development revenue        
Revenues:        
Total revenues 24,403 32,318 39,303 64,567
Costs and expenses:        
Cost of sales expense 24,095 30,803 38,591 60,126
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 13,016 $ 11,317 $ 23,133 $ 20,035