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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rental Income $ 66,811 $ 62,277 $ 193,434 $ 183,879
Tenant Recoveries and Other Income 20,266 17,431 62,913 54,853
Total Revenues 87,077 79,708 256,347 238,732
Expenses:        
Property Expenses 27,566 25,312 85,396 77,527
General and Administrative 5,389 5,137 18,053 17,001
Impairment of Real Estate 0 1,047 0 1,047 [1]
Depreciation and Other Amortization 28,121 27,092 84,080 79,898
Total Expenses 61,076 58,588 187,529 175,473
Other Income (Expense):        
Interest Income 681 591 2,054 1,754
Interest Expense (17,322) (17,997) (55,292) (55,391)
Amortization of Deferred Financing Costs (753) (781) (2,360) (2,468)
Mark-to-Market Gain on Interest Rate Protection Agreements 0 0 0 52
Loss from Retirement of Debt (32) (662) (655) (6,248)
Total Other Income (Expense) (17,426) (18,849) (56,253) (62,301)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 8,575 2,271 12,565 958
Equity in (Loss) Income of Joint Ventures (14) 72 3,508 119
Income Tax Provision (103) (63) (192) (4)
Income from Continuing Operations 8,458 2,280 15,881 1,073
Discontinued Operations:        
Income Attributable to Discontinued Operations 309 949 1,102 1,726
Gain on Sale of Real Estate 13,428 5,243 14,483 15,650
Income from Discontinued Operations 13,737 6,192 15,585 17,376
Income Before Gain on Sale of Real Estate 22,195 8,472 31,466 18,449
Gain on Sale of Real Estate 0 291 0 553
Net Income 22,195 8,763 31,466 19,002
Less: Net Income Attributable to the Noncontrolling Interest (868) (219) (1,137) (244)
Net Income Attributable to First Industrial Realty Trust, Inc. 21,327 8,544 30,329 18,758
Less: Preferred Dividends 0 (1,392) (1,019) (7,506)
Less: Redemption of Preferred Stock 0 (2,121) (1,462) (5,667)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 21,327 $ 5,031 $ 27,848 $ 5,585
Basic and Diluted Earnings Per Share:        
Income (Loss) from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.07 $ 0.00 $ 0.12 $ (0.10)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.12 $ 0.05 $ 0.13 $ 0.15
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.19 $ 0.05 $ 0.25 $ 0.05
Distributions Per Share $ 0.1025 $ 0.085 $ 0.3075 $ 0.255
Weighted Average Shares Outstanding - Basic 110,072 109,474 109,856 106,154
Weighted Average Shares Outstanding - Diluted 110,271 109,474 110,298 106,154
[1] Excludes industrial properties for which impairment of $1,605 was recorded during the nine months ended September 30, 2013 since the related assets were sold or recorded at carrying value, which is lower than estimated fair value at September 30, 2013.