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Quarterly Financial Information (unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited)
The following tables summarize the Company's unaudited quarterly financial information for each of the years ended December 31, 2017 and 2016.
 
Year Ended December 31, 2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
97,383

 
$
97,579

 
$
99,310

 
$
102,130

Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$
22,709

 
$
37,562

 
$
43,198

 
$
97,987

Net Income Allocable to Participating Securities
(67
)
 
(129
)
 
(145
)
 
(331
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
22,642

 
$
37,433

 
$
43,053

 
$
97,656

Basic EPS:
 
 
 
 
 
 
 
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.19

 
$
0.32

 
$
0.36

 
$
0.82

Diluted EPS:
 
 
 
 
 
 
 
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.19

 
$
0.32

 
$
0.36

 
$
0.81

Weighted Average Shares Basic/Diluted (In Thousands):
 
 
 
 
 
 
 
Weighted Average Shares - Basic
116,837

 
117,299

 
119,446

 
119,462

Weighted Average Shares - Diluted
117,261

 
117,779

 
119,990

 
120,076

 
Year Ended December 31, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
93,467

 
$
93,015

 
$
93,562

 
$
97,976

Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$
15,688

 
$
50,229

 
$
31,519

 
$
23,796

Net Income Allocable to Participating Securities
(63
)
 
(180
)
 
(110
)
 
(82
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
15,625

 
$
50,049

 
$
31,409

 
$
23,714

Basic EPS:

 

 

 

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.14

 
$
0.43

 
$
0.27

 
$
0.20

Diluted EPS:

 

 

 

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.14

 
$
0.43

 
$
0.27

 
$
0.20

Weighted Average Shares Basic/Diluted (In Thousands):
 
 
 
 
 
 
 
Weighted Average Shares - Basic
110,793

 
116,191

 
116,467

 
116,636

Weighted Average Shares - Diluted
110,985

 
116,558

 
116,864

 
117,042


The following tables summarize the Operating Partnership's unaudited quarterly financial information for each of the years ended December 31, 2017 and 2016.
 
Year Ended December 31, 2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
97,383

 
$
97,579

 
$
99,310

 
$
102,130

Net Income Available to Unitholders and Participating Securities
$
23,464

 
$
38,827

 
$
44,613

 
$
101,254

Net Income Allocable to Participating Securities
(66
)
 
(129
)
 
(145
)
 
(331
)
Net Income Available to Unitholders
$
23,398

 
$
38,698

 
$
44,468

 
$
100,923

Basic EPU:
 
 
 
 
 
 
 
Net Income Available to Unitholders
$
0.19

 
$
0.32

 
$
0.36

 
$
0.82

Diluted EPU:
 
 
 
 
 
 
 
Net Income Available to Unitholders
$
0.19

 
$
0.32

 
$
0.36

 
$
0.81

Weighted Average Units Basic/Diluted (In Thousands):
 
 
 
 
 
 
 
Weighted Average Units - Basic
120,877

 
121,339

 
123,483

 
123,483

Weighted Average Units - Diluted
121,301

 
121,819

 
124,027

 
124,097


 
Year Ended December 31, 2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Total Revenues
$
93,467

 
$
93,015

 
$
93,562

 
$
97,976

Net Income Available to Unitholders and Participating Securities
$
16,281

 
$
52,048

 
$
32,630

 
$
24,588

Net Income Allocable to Participating Securities
(63
)
 
(180
)
 
(110
)
 
(83
)
Net Income Available to Unitholders
$
16,218

 
$
51,868

 
$
32,520

 
$
24,505

Basic EPU:

 

 

 

Net Income Available to Unitholders
$
0.14

 
$
0.43

 
$
0.27

 
$
0.20

Diluted EPU:

 

 

 

Net Income Available to Unitholders
$
0.14

 
$
0.43

 
$
0.27

 
$
0.20

Weighted Average Units Basic/Diluted (In Thousands):
 
 
 
 
 
 
 
Weighted Average Units - Basic
115,096

 
120,486

 
120,740

 
120,740

Weighted Average Units - Diluted
115,288

 
120,853

 
121,137

 
121,146