Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Comprehensive Income (Loss)

Comprehensive Income (Loss)

Note 15—Comprehensive Income (Loss)

        The statement of comprehensive income (loss) attributable to iStar Financial, Inc. is as follows ($ in thousands):

	For the Years Ended December 31,
	2011			2010			2009
Net income (loss)	$	(25,693	)	$	80,206		$	(769,847	)
Other comprehensive income/(losses):
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization		—			(4,206	)		2,727
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization		(705	)		(799	)		(4,357	)
Unrealized gains/(losses) on available-for-sale securities		391			445			6,515
Unrealized gains/(losses) on cash flow hedges		(666	)		—			(30	)
Unrealized gains/(losses) on cumulative translation adjustment		(957	)		24			(416	)
Comprehensive income (loss)	$	(27,630	)	$	75,670		$	(765,408	)
Net (income) loss attributable to noncontrolling interests		3,629			(523	)		1,071
Comprehensive income (loss) attributable to iStar Financial Inc.	$	(24,001	)	$	75,147		$	(764,337	)

        Unrealized gains/(losses) on available-for-sale securities, cash flow hedges and foreign currency translation adjustments are recorded as adjustments to shareholders' equity through "Accumulated other comprehensive income (loss)" on the Company's Consolidated Balance Sheets and are not included in net income unless realized. As of December 31, 2011 and 2010, accumulated other comprehensive income reflected in the Company's shareholders' equity is comprised of the following ($ in thousands):

	As of December 31,
	2011			2010
Unrealized gains on available-for-sale securities	$	589		$	198
Unrealized gains on cash flow hedges		1,986			3,357
Unrealized losses on cumulative translation adjustment		(2,903	)		(1,946	)
Accumulated other comprehensive income (loss)	$	(328	)	$	1,609