Earnings Per Share and Earnings Per Unit ("EPS"/"EPU")

The computation of basic and diluted EPS of the Company is presented below:



	Three Months Ended September 30, 2018			Three Months Ended September 30, 2017			Nine Months Ended September 30, 2018			Nine Months Ended September 30, 2017
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	30,911		$	43,198		$	112,412		$	103,469
Net Income Allocable to Participating Securities	(101		)	(145		)	(349		)	(327		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	30,810		$	43,053		$	112,063		$	103,142
Denominator (In Thousands):
Weighted Average Shares - Basic	125,768			119,446			123,098			117,870
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	362			544			399			482
Weighted Average Shares - Diluted	126,130			119,990			123,497			118,352
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.24		$	0.36		$	0.91		$	0.88
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.24		$	0.36		$	0.91		$	0.87

The computation of basic and diluted EPU of the Operating Partnership is presented below:



	Three Months Ended September 30, 2018			Three Months Ended September 30, 2017			Nine Months Ended September 30, 2018			Nine Months Ended September 30, 2017
Numerator:
Net Income Available to Unitholders and Participating Securities	$	31,508		$	44,613		$	115,333		$	106,904
Net Income Allocable to Participating Securities	(101		)	(145		)	(349		)	(327		)
Net Income Available to Unitholders	$	31,407		$	44,468		$	114,984		$	106,577
Denominator (In Thousands):
Weighted Average Units - Basic	128,526			123,483			126,380			121,909
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	362			544			399			482
Weighted Average Units - Diluted	128,888			124,027			126,779			122,391
Basic EPU:
Net Income Available to Unitholders	$	0.24		$	0.36		$	0.91		$	0.87
Diluted EPU:
Net Income Available to Unitholders	$	0.24		$	0.36		$	0.91		$	0.87

Participating securities include 413,193 and 401,217 of unvested restricted stock or restricted Unit awards outstanding at September 30, 2018 and 2017, respectively, which participate in non-forfeitable distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.