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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental Income $ 72,271 $ 69,886 $ 144,023 $ 138,096
Tenant Recoveries and Other Income 20,744 20,603 42,459 42,359
Total Revenues 93,015 90,489 186,482 180,455
Expenses:        
Property Expenses 26,875 27,827 55,242 57,618
General and Administrative 6,433 6,160 14,107 13,126
Acquisition Costs 155 319 219 319
Depreciation and Other Amortization 28,725 28,044 59,853 56,350
Total Expenses 62,188 62,350 129,421 127,413
Other Income (Expense):        
Gain on Sale of Real Estate 36,775 2,197 44,026 10,127
Interest Expense (14,589) (16,363) (30,848) (33,005)
Amortization of Deferred Financing Costs (782) (764) (1,655) (1,510)
Mark-to-Market and Settlement Gain (Loss) on Interest Rate Protection Agreements 0 1,444 0 (11,546)
Total Other Income (Expense) 21,404 (13,486) 11,523 (35,934)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 52,231 14,653 68,584 17,108
Equity in (Loss) Income of Joint Ventures 0 (4) 0 67
Income Tax Provision (123) (81) (181) (141)
Net Income 52,108 14,568 68,403 17,034
Less: Net Income Attributable to the Noncontrolling Interest (1,879) (556) (2,486) (649)
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 50,229 $ 14,012 $ 65,917 $ 16,385
Basic and Diluted Earnings Per Share/Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.43 $ 0.13 $ 0.58 $ 0.15
Dividends/Distributions Per Share/Unit $ 0.19 $ 0.1275 $ 0.38 $ 0.2550
Weighted Average Shares/Units Outstanding - Basic 116,191 110,348 113,492 110,329
Weighted Average Shares/Units Outstanding - Diluted 116,558 110,683 113,771 110,679
First Industrial, L.P.        
Revenues:        
Rental Income $ 72,271 $ 69,886 $ 144,023 $ 138,096
Tenant Recoveries and Other Income 20,744 20,603 42,459 42,359
Total Revenues 93,015 90,489 186,482 180,455
Expenses:        
Property Expenses 26,875 27,827 55,242 57,618
General and Administrative 6,433 6,062 14,107 13,011
Acquisition Costs 155 319 219 319
Depreciation and Other Amortization 28,725 28,044 59,853 56,350
Total Expenses 62,188 62,252 129,421 127,298
Other Income (Expense):        
Gain on Sale of Real Estate 36,775 2,197 44,026 10,127
Interest Expense (14,589) (16,363) (30,848) (33,005)
Amortization of Deferred Financing Costs (782) (764) (1,655) (1,510)
Mark-to-Market and Settlement Gain (Loss) on Interest Rate Protection Agreements 0 1,444 0 (11,546)
Total Other Income (Expense) 21,404 (13,486) 11,523 (35,934)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 52,231 14,751 68,584 17,223
Equity in (Loss) Income of Joint Ventures 0 (4) 0 67
Income Tax Provision (123) (81) (181) (141)
Net Income 52,108 14,666 68,403 17,149
Less: Net Income Attributable to the Noncontrolling Interest (60) (22) (74) (48)
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 52,048 $ 14,644 $ 68,329 $ 17,101
Basic and Diluted Earnings Per Share/Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.43 $ 0.13 $ 0.58 $ 0.15
Dividends/Distributions Per Share/Unit $ 0.19 $ 0.1275 $ 0.38 $ 0.2550
Weighted Average Shares/Units Outstanding - Basic 120,486 114,712 117,791 114,697
Weighted Average Shares/Units Outstanding - Diluted 120,853 115,047 118,070 115,047