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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental Income $ 65,322 $ 62,674 $ 129,125 $ 124,259
Tenant Recoveries and Other Income 20,938 19,152 43,180 37,998
Total Revenues 86,260 81,826 172,305 162,257
Expenses:        
Property Expenses 27,836 26,609 59,143 53,199
General and Administrative 7,108 5,401 12,664 11,864
Depreciation and Other Amortization 28,508 28,151 57,212 54,375
Total Expenses 63,452 60,161 129,019 119,438
Other Income (Expense):        
Interest Income 671 600 1,373 1,163
Interest Expense (18,924) (18,431) (37,970) (37,394)
Amortization of Deferred Financing Costs (803) (833) (1,607) (1,687)
Mark-to-Market Gain on Interest Rate Protection Agreements 0 56 0 52
Loss from Retirement of Debt (623) (4,436) (623) (5,586)
Total Other Income (Expense) (19,679) (23,044) (38,827) (43,452)
Income (Loss) from Continuing Operations Before Equity in Income of Joint Ventures and Income Tax (Provision) Benefit 3,129 (1,379) 4,459 (633)
Equity in Income of Joint Ventures 556 27 3,522 47
Income Tax (Provision) Benefit (79) (3) (89) 59
Income (Loss) from Continuing Operations 3,606 (1,355) 7,892 (527)
Discontinued Operations:        
Income (Loss) Attributable to Discontinued Operations 278 (764) 324 97
Gain on Sale of Real Estate 320 13,481 1,055 10,407
Income from Discontinued Operations 598 12,717 1,379 10,504
Income Before Gain on Sale of Real Estate 4,204 11,362 9,271 9,977
Gain on Sale of Real Estate 0 0 0 262
Net Income 4,204 11,362 9,271 10,239
Less: Net Income Attributable to the Noncontrolling Interest (165) (245) (269) (25)
Net Income Attributable to First Industrial Realty Trust, Inc. 4,039 11,117 9,002 10,214
Less: Preferred Dividends 0 (2,277) (1,019) (6,114)
Less: Redemption of Preferred Stock 0 (3,546) (1,462) (3,546)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 4,039 $ 5,294 $ 6,521 $ 554
Basic and Diluted Earnings Per Share:        
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.03 $ (0.06) $ 0.05 $ (0.09)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.01 $ 0.11 $ 0.01 $ 0.10
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.04 $ 0.05 $ 0.06 $ 0.01
Distributions Per Share $ 0.1025 $ 0.085 $ 0.205 $ 170
Weighted Average Shares Outstanding - Basic 109,815 108,117 109,746 104,466
Weighted Average Shares Outstanding - Diluted 110,404 108,117 110,310 104,466