Earnings Per Share / Unit (EPS / EPU) (Tables)

3 Months Ended

Mar. 31, 2016

Computation of Basic and Diluted Earnings Per Share / Unit

The computation of basic and diluted EPS of the Company is presented below:

	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	15,688		$	2,373
Net Income Allocable to Participating Securities	(63		)	(41		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	15,625		$	2,332
Denominator (In Thousands):
Weighted Average Shares - Basic	110,793			110,310
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	192			365
Weighted Average Shares - Diluted	110,985			110,675
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.14		$	0.02

First Industrial, L.P.

Computation of Basic and Diluted Earnings Per Share / Unit

The computation of basic and diluted EPU of the Operating Partnership is presented below:

	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Numerator:
Net Income Available to Unitholders and Participating Securities	$	16,281		$	2,457
Net Income Allocable to Participating Securities	(63		)	(41		)
Net Income Available to Unitholders	$	16,218		$	2,416
Denominator (In Thousands):
Weighted Average Units - Basic	115,096			114,681
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	192			365
Weighted Average Units - Diluted	115,288			115,046
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.14		$	0.02