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

9 Months Ended

Sep. 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 September 30, 2016			Three Months Ended September 30, 2015			Nine Months Ended September 30, 2016			Nine Months Ended September 30, 2015
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	31,519		$	13,917		$	97,436		$	30,302
Net Income Allocable to Participating Securities	(110		)	(50		)	(329		)	(141		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	31,409		$	13,867		$	97,107		$	30,161
Denominator (In Thousands):
Weighted Average Shares - Basic	116,467			110,356			114,491			110,338
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	397			492			318			397
Weighted Average Shares - Diluted	116,864			110,848			114,809			110,735
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.27		$	0.13		$	0.85		$	0.27
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.27		$	0.13		$	0.85		$	0.27

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 September 30, 2016			Three Months Ended September 30, 2015			Nine Months Ended September 30, 2016			Nine Months Ended September 30, 2015
Numerator:
Net Income Available to Unitholders and Participating Securities	$	32,630		$	14,438		$	100,959		$	31,539
Net Income Allocable to Participating Securities	(110		)	(50		)	(328		)	(141		)
Net Income Available to Unitholders	$	32,520		$	14,388		$	100,631		$	31,398
Denominator (In Thousands):
Weighted Average Units - Basic	120,740			114,720			118,781			114,705
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	397			492			318			397
Weighted Average Units - Diluted	121,137			115,212			119,099			115,102
Basic EPU:
Net Income Available to Unitholders	$	0.27		$	0.13		$	0.85		$	0.27
Diluted EPU:
Net Income Available to Unitholders	$	0.27		$	0.12		$	0.84		$	0.27