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

3 Months Ended

Mar. 31, 2018

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 March 31, 2018			Three Months Ended March 31, 2017
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	36,292		$	22,709
Net Income Allocable to Participating Securities	(97		)	(67		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	36,195		$	22,642
Denominator (In Thousands):
Weighted Average Shares - Basic	119,846			116,837
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	365			424
Weighted Average Shares - Diluted	120,211			117,261
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.30		$	0.19

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 March 31, 2018			Three Months Ended March 31, 2017
Numerator:
Net Income Available to Unitholders and Participating Securities	$	37,443		$	23,464
Net Income Allocable to Participating Securities	(97		)	(66		)
Net Income Available to Unitholders	$	37,346		$	23,398
Denominator (In Thousands):
Weighted Average Units - Basic	123,729			120,877
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	365			424
Weighted Average Units - Diluted	124,094			121,301
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.30		$	0.19