8. Earnings Per Share ("EPS")

The computation of basic and diluted EPS is presented below:



	Three Months Ended March 31, 2014			Three Months Ended March 31, 2013
Numerator:
Income from Continuing Operations	$	4,334		$	873
Gain on Sale of Real Estate	—			262
Noncontrolling Interest Allocable to Continuing Operations	(75		)	120
Income from Continuing Operations Allocable to Participating Securities	(23		)	(36		)
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.	4,236			1,219
Preferred Dividends	(1,019		)	(3,837		)
Redemption of Preferred Stock	(1,462		)	—
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	1,755		$	(2,618	)
Income (Loss) from Discontinued Operations	$	733		$	(2,258	)
Noncontrolling Interest Allocable to Discontinued Operations	(29		)	100
Income from Discontinued Operations Allocable to Participating Securities	(9		)	—
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	695		$	(2,158	)
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	2,482		$	(4,740	)
Net Income Allocable to Participating Securities	(32		)	(36		)
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	2,450		$	(4,776	)
Denominator:
Weighted Average Shares—Basic	109,676			100,774
Effect of Dilutive Securities:
LTIP Unit Awards	539			—
Weighted Average Shares—Diluted	110,215			100,774
Basic and Diluted EPS:
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.02		$	(0.03	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.00		$	(0.02	)
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.02		$	(0.05	)

Participating securities include 349,331 and 490,591 of unvested restricted stock awards outstanding at March 31, 2014 and 2013, respectively, which participate in non-forfeitable dividends of the Company. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares outstanding, based upon the greater of net income (after reduction for preferred dividends and redemption of preferred stock) or common dividends declared.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the three months ended March 31, 2013, as the effect of the 383,500 restricted stock unit awards outstanding at March 31, 2013 which do not participate in non-forfeitable dividends of the Company was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders.

Effective July 1, 2013, the Board of Directors granted performance awards ("LTIP Unit Awards") to certain officers and employees. At March 31, 2014, 712,424 LTIP Unit Awards were outstanding and are included in the calculation of diluted EPS. There were 73,400 other outstanding restricted unit awards outstanding at March 31, 2014 that are not included in the calculation of diluted EPS for the three months ended March 31, 2014, as the market condition contained within the restricted unit awards had not been achieved as of March 31, 2014. These restricted unit awards could be dilutive in future periods.