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

6 Months Ended

Jun. 30, 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 June 30, 2016			Three Months Ended June 30, 2015			Six Months Ended June 30, 2016			Six Months Ended June 30, 2015
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	50,229		$	14,012		$	65,917		$	16,385
Net Income Allocable to Participating Securities	(180		)	(50		)	(217		)	(91		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	50,049		$	13,962		$	65,700		$	16,294
Denominator (In Thousands):
Weighted Average Shares - Basic	116,191			110,348			113,492			110,329
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	367			335			279			350
Weighted Average Shares - Diluted	116,558			110,683			113,771			110,679
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.43		$	0.13		$	0.58		$	0.15

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 June 30, 2016			Three Months Ended June 30, 2015			Six Months Ended June 30, 2016			Six Months Ended June 30, 2015
Numerator:
Net Income Available to Unitholders and Participating Securities	$	52,048		$	14,644		$	68,329		$	17,101
Net Income Allocable to Participating Securities	(180		)	(50		)	(217		)	(91		)
Net Income Available to Unitholders	$	51,868		$	14,594		$	68,112		$	17,010
Denominator (In Thousands):
Weighted Average Units - Basic	120,486			114,712			117,791			114,697
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	367			335			279			350
Weighted Average Units - Diluted	120,853			115,047			118,070			115,047
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.43		$	0.13		$	0.58		$	0.15