XML 53 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 173,461 $ 106,802
Costs and expenses:    
Interest expense 43,392 46,577
Depreciation and amortization 14,486 15,668
General and administrative 34,271 21,099
Provision for (recovery of) loan losses 4,003 (97)
Provision for losses on net investment in leases 1,292 0
Impairment of assets 1,708 3,851
Other expense 74 508
Total costs and expenses 198,783 127,995
Income from sales of real estate 0 9,407
Loss from operations before earnings from equity method investments and other items (25,322) (11,786)
Loss on early extinguishment of debt, net (4,115) (468)
Earnings (losses) from equity method investments 16,612 5,309
Net loss before income taxes (12,825) (6,945)
Income tax expense (60) (25)
Net loss (12,885) (6,970)
Net (income) attributable to noncontrolling interests (2,691) (2,471)
Net loss attributable to iStar Inc. (15,576) (9,441)
Preferred dividends (5,874) (8,124)
Net loss allocable to common shareholders $ (21,450) $ (17,565)
Net loss allocable to common shareholders:    
Basic (in dollars per share) $ (0.28) $ (0.26)
Diluted (in dollars per share) $ (0.28) $ (0.26)
Weighted average number of common shares:    
Basic (in shares) 77,444 67,747
Diluted (in shares) 77,444 67,747
Operating lease income    
Revenues:    
Total revenues $ 47,346 $ 58,915
Interest income    
Revenues:    
Total revenues 17,216 20,375
Interest income from sales-type leases    
Revenues:    
Total revenues 8,355 0
Other income    
Revenues:    
Total revenues 20,368 14,813
Land development    
Revenues:    
Total revenues 80,176 12,699
Costs and expenses:    
Cost of sales expense 77,059 14,449
Real estate    
Costs and expenses:    
Cost of sales expense $ 22,498 $ 25,940