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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental Income $ 75,180 $ 74,918
Tenant Recoveries and Other Income 24,591 22,465
Total Revenues 99,771 97,383
Expenses:    
Property Expenses 29,411 28,486
General and Administrative 8,143 8,033
Impairment of Real Estate 2,756 0
Depreciation and Other Amortization 28,315 28,494
Total Expenses 68,625 65,013
Other Income (Expense):    
Gain on Sale of Real Estate 20,089 8,009
Interest Expense (12,791) (14,369)
Amortization of Debt Issuance Costs (855) (778)
Loss from Retirement of Debt (39) (1,653)
Total Other Income (Expense) 6,404 (8,791)
Income from Operations Before Income Tax Provision 37,550 23,579
Income Tax Provision (86) (88)
Net Income 37,464 23,491
Less: Net Income Attributable to the Noncontrolling Interest 1,172 782
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 36,292 $ 22,709
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.30 $ 0.19
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.21
Weighted Average Shares/Units Outstanding - Basic 119,846 116,837
Weighted Average Shares/Units Outstanding - Diluted 120,211 117,261
First Industrial, L.P.    
Revenues:    
Rental Income $ 75,180 $ 74,918
Tenant Recoveries and Other Income 24,591 22,465
Total Revenues 99,771 97,383
Expenses:    
Property Expenses 29,411 28,486
General and Administrative 8,143 8,033
Impairment of Real Estate 2,756 0
Depreciation and Other Amortization 28,315 28,494
Total Expenses 68,625 65,013
Other Income (Expense):    
Gain on Sale of Real Estate 20,089 8,009
Interest Expense (12,791) (14,369)
Amortization of Debt Issuance Costs (855) (778)
Loss from Retirement of Debt (39) (1,653)
Total Other Income (Expense) 6,404 (8,791)
Income from Operations Before Income Tax Provision 37,550 23,579
Income Tax Provision (86) (88)
Net Income 37,464 23,491
Less: Net Income Attributable to the Noncontrolling Interest 21 27
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 37,443 $ 23,464
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.30 $ 0.19
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.21
Weighted Average Shares/Units Outstanding - Basic 123,729 120,877
Weighted Average Shares/Units Outstanding - Diluted 124,094 121,301