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

6 Months Ended

Jun. 30, 2017

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, 2017			Three Months Ended June 30, 2016			Six Months Ended June 30, 2017			Six Months Ended June 30, 2016
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	37,562		$	50,229		$	60,271		$	65,917
Net Income Allocable to Participating Securities	(129		)	(180		)	(154		)	(217		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	37,433		$	50,049		$	60,117		$	65,700
Denominator (In Thousands):
Weighted Average Shares - Basic	117,299			116,191			117,070			113,492
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	480			367			452			279
Weighted Average Shares - Diluted	117,779			116,558			117,522			113,771
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.32		$	0.43		$	0.51		$	0.58

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, 2017			Three Months Ended June 30, 2016			Six Months Ended June 30, 2017			Six Months Ended June 30, 2016
Numerator:
Net Income Available to Unitholders and Participating Securities	$	38,827		$	52,048		$	62,291		$	68,329
Net Income Allocable to Participating Securities	(129		)	(180		)	(154		)	(217		)
Net Income Available to Unitholders	$	38,698		$	51,868		$	62,137		$	68,112
Denominator (In Thousands):
Weighted Average Units - Basic	121,339			120,486			121,109			117,791
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	480			367			452			279
Weighted Average Units - Diluted	121,819			120,853			121,561			118,070
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.32		$	0.43		$	0.51		$	0.58