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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 158,051 $ 308,630 $ 324,099
Costs and expenses:      
Interest expense 98,051 115,400 126,828
Depreciation and amortization 5,470 7,072 7,327
General and administrative 21,271 131,703 100,879
Provision for (recovery of) loan losses 44,998 (8,085) 8,866
Impairment of assets 15,109 678 5,791
Other expense 8,913 8,114 569
Total costs and expenses 308,867 472,837 474,070
Income from sales of real estate 26,629 26,319 6,318
Income (loss) from operations before earnings from equity method investments and other items (124,187) (137,888) (143,653)
Loss on early extinguishment of debt, net (131,200)   (12,038)
Earnings from equity method investments 58,680 154,344 39,472
Net income (loss) from continuing operations before income taxes (196,707) 16,456 (116,219)
Income tax (expense) benefit (567) 118 (89)
Net income (loss) from continuing operations (197,274) 16,574 (116,308)
Net income from discontinued operations [1] 797,688 121,452 85,455
Net income 600,414 138,026 (30,853)
Net (income) loss from continuing operations attributable to noncontrolling interests (37) 75 (337)
Net (income) from discontinued operations attributable to noncontrolling interests (179,089) (5,620) (11,251)
Net income attributable to iStar Inc. 421,288 132,481 (42,441)
Preferred dividends (23,496) (23,496) (23,496)
Net income allocable to common shareholders - Basic $ 397,792 $ 108,985 $ (65,937)
Per common share data:      
Net income (loss) allocable to common shareholders - Basic $ 4.92 $ 1.51 $ (0.87)
Net income (loss) allocable to common shareholders - Diluted 4.92 1.51 (0.87)
Net income (loss) from continuing operations and allocable to common shareholders:      
Basic (in dollars per share) (2.74) (0.10) (1.85)
Diluted (in dollars per share) (2.74) (0.10) (1.85)
Net income from discontinued operations and allocable to common shareholders      
Basic (in dollars per share) 7.66 1.61 0.98
Diluted (in dollars per share) $ 7.66 $ 1.61 $ 0.98
Weighted average number of common shares:      
Basic (in shares) 80,722 71,831 75,684
Diluted (in shares) 80,722 71,831 75,684
Operating lease income      
Revenues:      
Total revenues $ 12,859 $ 16,824 $ 24,276
Interest income      
Revenues:      
Total revenues 12,415 31,229 56,676
Interest income from sales-type leases      
Revenues:      
Total revenues 869 1,215  
Other income      
Revenues:      
Total revenues [2] 70,155 70,259 78,445
Land development revenue      
Revenues:      
Total revenues 61,753 189,103 164,702
Costs and expenses:      
Cost of sales expense 63,441 171,961 177,727
Real estate expense      
Costs and expenses:      
Cost of sales expense $ 51,614 $ 45,994 $ 46,083
[1] Refer to Note 3 – Net Lease Sale and Discontinued Operations.
[2] During the years ended December 31, 2022, 2021, and 2020, includes $20.7 million, $15.1 million and $12.9 million, respectively, of management fees from related parties.