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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental Income $ 69,886 $ 63,542 $ 138,096 $ 125,590
Tenant Recoveries and Other Income 20,570 20,502 42,302 42,315
Total Revenues 90,456 84,044 180,398 167,905
Expenses:        
Property Expenses 27,827 26,921 57,618 57,237
General and Administrative 6,160 7,032 13,126 12,553
Acquisition Costs 319 76 319 111
Depreciation and Other Amortization 28,044 27,661 56,350 55,532
Total Expenses 62,350 61,690 127,413 125,433
Other Income (Expense):        
Gain on Sale of Real Estate 2,197 0 10,127 0
Interest Income 33 671 57 1,373
Interest Expense (16,363) (18,924) (33,005) (37,970)
Amortization of Deferred Financing Costs (764) (803) (1,510) (1,607)
Mark-to-Market and Settlement Gain (Loss) on Interest Rate Protection Agreements 1,444 0 (11,546) 0
Loss from Retirement of Debt 0 (623) 0 (623)
Total Other Income (Expense) (13,453) (19,679) (35,877) (38,827)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 14,653 2,675 17,108 3,645
Equity in (Loss) Income of Joint Ventures (4) 556 67 3,522
Income Tax Provision (81) (79) (141) (89)
Income from Continuing Operations 14,568 3,152 17,034 7,078
Discontinued Operations:        
Income Attributable to Discontinued Operations 0 732 0 1,138
Gain on Sale of Real Estate 0 320 0 1,055
Income from Discontinued Operations 0 1,052 0 2,193
Net Income 14,568 4,204 17,034 9,271
Less: Net Income Attributable to the Noncontrolling Interest (556) (165) (649) (269)
Net Income Attributable to First Industrial Realty Trust, Inc. 14,012 4,039 16,385 9,002
Less: Preferred Dividends 0 0 0 (1,019)
Less: Redemption of Preferred Stock 0 0 0 (1,462)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 14,012 $ 4,039 $ 16,385 $ 6,521
Basic and Diluted Earnings Per Share:        
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.13 $ 0.03 $ 0.15 $ 0.04
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders 0.00 0.01 0.00 0.02
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders 0.13 0.04 0.15 0.06
Distributions Per Share $ 0.1275 $ 0.1025 $ 0.2550 $ 0.2050
Weighted Average Shares Outstanding - Basic 110,348 109,815 110,329 109,746
Weighted Average Shares Outstanding - Diluted 110,683 110,404 110,679 110,310