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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental Income $ 281,186 $ 259,609 $ 245,064
Tenant Recoveries and Other Income 84,576 84,990 73,390
Total Revenues 365,762 344,599 318,454
Expenses:      
Property Expenses 114,628 114,499 103,714
General and Administrative 25,362 23,418 22,821
Acquisition Costs 1,403 960 331
Impairment of Real Estate 626 0 0
Depreciation and Other Amortization 113,814 111,897 106,951
Total Expenses 255,833 250,774 233,817
Other Income (Expense):      
Gain (Loss) on Sale of Real Estate 48,906 (83) 1,100
Interest Income 61 2,110 2,354
Interest Expense (67,424) (72,178) (73,558)
Amortization of Deferred Financing Costs (3,159) (3,098) (3,225)
Settlement Loss and Mark-to-Market Gain on Interest Rate Protection Agreements (11,546) 0 52
Loss from Retirement of Debt 0 (655) (6,637)
Total Other Income (Expense) (33,162) (73,904) (79,914)
Income from Continuing Operations Before Equity in Income of Joint Ventures and Income Tax (Provision) Benefit 76,767 19,921 4,723
Equity in Income of Joint Ventures 55 3,499 136
Income Tax (Provision) Benefit (117) (238) 3
Income from Continuing Operations 76,705 23,182 4,862
Discontinued Operations:      
Income Attributable to Discontinued Operations 0 1,835 2,222
Gain on Sale of Real Estate 0 25,988 34,344
Income from Discontinued Operations 0 27,823 36,566
Net Income 76,705 51,005 41,428
Less: Net Income Attributable to the Noncontrolling Interest (2,903) (1,895) (1,121)
Net Income (Loss) Attributable to Common Stockholders/Unitholders 73,802 49,110 40,307
Less: Preferred Dividends/Unit Distributions 0 (1,019) (8,733)
Less: Redemption of Preferred Stock/Units 0 (1,462) (5,667)
Net Income (Loss) Available to Common Stockholders/Unitholders and Participating Securities $ 73,802 $ 46,629 $ 25,907
Basic Earnings Per Share/Unit:      
Income (Loss) from Continuing Operations Available to Common Stockholders / Unitholders $ 0.67 $ 0.18 $ (0.09)
Income (Loss) from Discontinued Operations Attributable to Common Stockholders / Unitholders 0.00 0.24 0.33
Net Income Available to Common Stockholders/Unitholders 0.67 0.42 0.24
Diluted Earnings Per Share/Unit:      
Income (Loss) from Continuing Operations Available to Common Stockholders / Unitholders 0.66 0.18 (0.09)
Income (Loss) from Discontinued Operations Attributable to Common Stockholders / Unitholders 0.00 0.24 0.33
Net Income Available to Common Stockholders / Unitholders 0.66 0.42 0.24
Distributions Per Share / Unit $ 0.51 $ 0.41 $ 0.34
Weighted Average Shares/Units Outstanding - Basic 110,352 109,922 106,995
Weighted Average Shares/Units Outstanding - Diluted 110,781 110,325 106,995
First Industrial L.P.      
Revenues:      
Rental Income $ 281,186 $ 259,609 $ 245,064
Tenant Recoveries and Other Income 84,576 84,990 73,390
Total Revenues 365,762 344,599 318,454
Expenses:      
Property Expenses 114,628 114,499 103,714
General and Administrative 25,247 23,166 22,775
Acquisition Costs 1,403 960 331
Impairment of Real Estate 626 0 0
Depreciation and Other Amortization 113,814 111,897 106,951
Total Expenses 255,718 250,522 233,771
Other Income (Expense):      
Gain (Loss) on Sale of Real Estate 48,906 (83) 1,100
Interest Income 61 2,110 2,354
Interest Expense (67,424) (72,178) (73,558)
Amortization of Deferred Financing Costs (3,159) (3,098) (3,225)
Settlement Loss and Mark-to-Market Gain on Interest Rate Protection Agreements (11,546) 0 52
Loss from Retirement of Debt 0 (655) (6,637)
Total Other Income (Expense) (33,162) (73,904) (79,914)
Income from Continuing Operations Before Equity in Income of Joint Ventures and Income Tax (Provision) Benefit 76,882 20,173 4,769
Equity in Income of Joint Ventures 55 3,499 136
Income Tax (Provision) Benefit (117) (238) 3
Income from Continuing Operations 76,820 23,434 4,908
Discontinued Operations:      
Income Attributable to Discontinued Operations 0 1,835 2,222
Gain on Sale of Real Estate 0 25,988 34,344
Income from Discontinued Operations 0 27,823 36,566
Net Income 76,820 51,257 41,474
Less: Net Income Attributable to the Noncontrolling Interest (138) (72) (41)
Net Income (Loss) Attributable to Common Stockholders/Unitholders 76,682 51,185 41,433
Less: Preferred Dividends/Unit Distributions 0 (1,019) (8,733)
Less: Redemption of Preferred Stock/Units 0 (1,462) (5,667)
Net Income (Loss) Available to Common Stockholders/Unitholders and Participating Securities $ 76,682 $ 48,704 $ 27,033
Basic Earnings Per Share/Unit:      
Income (Loss) from Continuing Operations Available to Common Stockholders / Unitholders $ 0.67 $ 0.18 $ (0.09)
Income (Loss) from Discontinued Operations Attributable to Common Stockholders / Unitholders 0.00 0.24 0.33
Net Income Available to Common Stockholders/Unitholders 0.67 0.42 0.24
Diluted Earnings Per Share/Unit:      
Income (Loss) from Continuing Operations Available to Common Stockholders / Unitholders 0.66 0.18 (0.09)
Income (Loss) from Discontinued Operations Attributable to Common Stockholders / Unitholders 0.00 0.24 0.33
Net Income Available to Common Stockholders / Unitholders 0.66 0.42 0.24
Distributions Per Share / Unit $ 0.51 $ 0.41 $ 0.34
Weighted Average Shares/Units Outstanding - Basic 114,709 114,388 111,646
Weighted Average Shares/Units Outstanding - Diluted 115,138 114,791 111,646