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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 47,757 $ 143,632 $ 127,773 $ 257,871
Costs and expenses:        
Interest expense 22,664 28,695 76,056 86,145
Depreciation and amortization 1,290 1,742 3,985 5,715
General and administrative 14,210 17,121   68,954
General and administrative     10,406  
Provision for (recovery of) loan losses (157) (1,610) 22,556 (7,411)
Provision for (recovery of) losses on net investment in leases (380) (315) 0 465
Impairment of assets 0 421 1,768 679
Other expense 4,171 894 6,624 1,358
Total costs and expenses 74,780 147,697 216,101 336,816
Income from sales of real estate 951 25,611 1,443 26,319
Income (loss) from operations before earnings from equity method investments and other items (26,072) 21,546 (86,885) (52,626)
Loss on early extinguishment of debt, net (13,209) 0 (131,200) 0
Earnings from equity method investments 57,797 87,795 102,222 110,661
Net income (loss) from continuing operations before income taxes 18,516 109,341 (115,863) 58,035
Income tax (expense) benefit (564) 39 (567) 117
Net income (loss) from continuing operations 17,952 109,380 (116,430) 58,152
Net income from discontinued operations   21,614 797,688 69,415
Net income 17,952 130,994 681,258 127,567
Net (income) loss from continuing operations attributable to noncontrolling interests 53 (10) (46) 55
Net (income) from discontinued operations attributable to noncontrolling interests   (3,254) (179,089) (8,092)
Net income attributable to iStar Inc. 18,005 127,730 502,123 119,530
Preferred dividends (5,874) (5,874) (17,622) (17,622)
Net income allocable to common shareholders - Basic $ 12,131 $ 121,856 $ 484,501 $ 101,908
Per common share data:        
Net income (loss) allocable to common shareholders - Basic $ 0.14 $ 1.71 $ 6.16 $ 1.40
Net income (loss) allocable to common shareholders - Diluted 0.14 1.51 6.16 1.30
Net income (loss) from continuing operations and allocable to common shareholders:        
Basic (in dollars per share) 0.14 1.45 (1.70) 0.56
Diluted (in dollars per share) $ 0.14 1.28 (1.70) 0.52
Net income from discontinued operations and allocable to common shareholders        
Basic (in dollars per share)   0.26 7.86 0.84
Diluted (in dollars per share)   $ 0.23 $ 7.86 $ 0.78
Weighted average number of common shares:        
Basic (in shares) 85,458 71,299 78,706 72,675
Diluted (in shares) 85,867 80,487 78,706 78,402
Operating lease income        
Revenues:        
Total revenues $ 3,424 $ 3,732 $ 9,715 $ 13,456
Interest income        
Revenues:        
Total revenues 2,093 6,972 11,262 24,846
Interest income from sales-type leases        
Revenues:        
Total revenues 129 526 861 683
Other income        
Revenues:        
Total revenues 27,024 39,033 51,545 60,950
Land development revenue        
Revenues:        
Total revenues 15,087 93,369 54,390 157,936
Costs and expenses:        
Cost of sales expense 16,778 87,380 55,369 147,507
Real estate expense        
Costs and expenses:        
Cost of sales expense $ 16,204 $ 13,369 $ 39,337 $ 33,404