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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental Income $ 75,802 $ 72,271 $ 150,720 $ 144,023
Tenant Recoveries and Other Income 21,777 20,744 44,242 42,459
Total Revenues 97,579 93,015 194,962 186,482
Expenses:        
Property Expenses 26,897 26,875 55,383 55,242
General and Administrative 6,785 6,433 14,818 14,107
Acquisition Costs 0 155 0 219
Depreciation and Other Amortization 29,040 28,725 57,534 59,853
Total Expenses 62,722 62,188 127,735 129,421
Other Income (Expense):        
Gain on Sale of Real Estate 20,860 36,775 28,869 44,026
Interest Expense (14,915) (14,589) (29,284) (30,848)
Amortization of Deferred Financing Costs (780) (782) (1,558) (1,655)
Loss from Retirement of Debt 0 0 (1,653) 0
Total Other Income (Expense) 5,165 21,404 (3,626) 11,523
Income from Operations Before Income Tax Provision 40,022 52,231 63,601 68,584
Income Tax Provision (1,169) (123) (1,257) (181)
Net Income 38,853 52,108 62,344 68,403
Less: Net Income Attributable to the Noncontrolling Interest 1,291 1,879 2,073 2,486
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 37,562 $ 50,229 $ 60,271 $ 65,917
Basic and Diluted EPS / EPU        
Net Income Available to Common Stockholders/Unitholders $ 0.32 $ 0.43 $ 0.51 $ 0.58
Dividends/Distributions Per Share/Unit $ 0.21 $ 0.19 $ 0.42 $ 0.38
Weighted Average Shares/Units Outstanding - Basic 117,299 116,191 117,070 113,492
Weighted Average Shares/Units Outstanding - Diluted 117,779 116,558 117,522 113,771
First Industrial, L.P.        
Revenues:        
Rental Income $ 75,802 $ 72,271 $ 150,720 $ 144,023
Tenant Recoveries and Other Income 21,777 20,744 44,242 42,459
Total Revenues 97,579 93,015 194,962 186,482
Expenses:        
Property Expenses 26,897 26,875 55,383 55,242
General and Administrative 6,785 6,433 14,818 14,107
Acquisition Costs 0 155 0 219
Depreciation and Other Amortization 29,040 28,725 57,534 59,853
Total Expenses 62,722 62,188 127,735 129,421
Other Income (Expense):        
Gain on Sale of Real Estate 20,860 36,775 28,869 44,026
Interest Expense (14,915) (14,589) (29,284) (30,848)
Amortization of Deferred Financing Costs (780) (782) (1,558) (1,655)
Loss from Retirement of Debt 0 0 (1,653) 0
Total Other Income (Expense) 5,165 21,404 (3,626) 11,523
Income from Operations Before Income Tax Provision 40,022 52,231 63,601 68,584
Income Tax Provision (1,169) (123) (1,257) (181)
Net Income 38,853 52,108 62,344 68,403
Less: Net Income Attributable to the Noncontrolling Interest 26 60 53 74
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 38,827 $ 52,048 $ 62,291 $ 68,329
Basic and Diluted EPS / EPU        
Net Income Available to Common Stockholders/Unitholders $ 0.32 $ 0.43 $ 0.51 $ 0.58
Dividends/Distributions Per Share/Unit $ 0.21 $ 0.19 $ 0.42 $ 0.38
Weighted Average Shares/Units Outstanding - Basic 121,339 120,486 121,109 117,791
Weighted Average Shares/Units Outstanding - Diluted 121,819 120,853 121,561 118,070