| ASSETS |
| Loans and other lending investments, net |
| Net lease assets, net |
| Real estate held for investment, net |
| Other real estate owned |
| Other investments |
262.5M |
| Cash and cash equivalents |
547.51M |
| Restricted cash |
| Accrued interest and operating lease income receivable, net |
| Deferred operating lease income receivable |
94.41M |
| Deferred expenses and other assets, net |
| Total assets |
5.24B |
| Liabilities: |
| Accounts payable, accrued expenses and other liabilities |
204.27M |
| Debt obligations, net |
3.75B |
| Total liabilities |
4.16B |
| Commitments and contingencies |
0 |
| iStar Financial Inc. shareholders' equity: |
| Preferred Stock Series D, E, F, G and I, liquidation preference $25.00 per share (see Note 12) |
22K |
| High Performance Units |
| Common Stock, $0.001 par value, 200,000 shares authorized, 138,608 issued and 92,573 outstanding at June 30, 2011 and 138,189 issued and 92,336 outstanding at December 31, 2010 |
71K |
| Additional paid-in capital |
3.59B |
| Retained earnings (deficit) |
-2.56B |
| Accumulated other comprehensive income (see Note 15) |
-5.43M |
| Treasury stock, at cost, $0.001 par value, 46,035 shares at June 30, 2011 and 45,853 shares at December 31, 2010 |
| Total iStar Financial Inc. shareholders' equity |
1.03B |
| Noncontrolling interests |
46.35M |
| Total equity |
1.07B |
| Total liabilities and equity |
5.24B |
