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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues [Abstract]        
Rental Income $ 76,372 $ 76,497 $ 227,232 $ 227,217
Tenant Recoveries and Other Income 23,884 22,813 71,640 67,055
Total Revenues 100,256 99,310 298,872 294,272
Expenses:        
Property Expenses 28,466 28,452 86,430 83,835
General and Administrative 6,581 6,492 21,470 21,310
Impairment of Real Estate 0 0 2,756 0
Depreciation and Other Amortization 28,645 29,696 85,596 87,230
Total Expenses 63,692 64,640 196,252 192,375
Other Income (Expense):        
Gain on Sale of Real Estate 8,135 23,271 53,291 52,140
Interest Expense (12,424) (14,376) (37,818) (43,660)
Amortization of Debt Issuance Costs (850) (778) (2,550) (2,336)
Mark-to-Market Gain on Interest Rate Protection Agreements 0 1,848 0 1,848
Loss from Retirement of Debt 0 0 (39) (1,653)
Total Other Income (Expense) (5,139) 9,965 12,884 6,339
Income from Operations Before Equity in Loss of Joint Venture and Income Tax Benefit (Provision) 31,425 44,635 115,504 108,236
Equity in Loss of Joint Venture (197) 0 (199) 0
Income Tax Benefit (Provision) 302 21 93 (1,236)
Net Income 31,530 44,656 115,398 107,000
Less: Net Income Attributable to the Noncontrolling Interest (619) (1,458) (2,986) (3,531)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 30,911 $ 43,198 $ 112,412 $ 103,469
Basic Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.24 $ 0.36 $ 0.91 $ 0.88
Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders 0.24 0.36 0.91 0.87
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.2100 $ 0.6525 $ 0.6300
Weighted Average Shares/Units Outstanding - Basic 125,768 119,446 123,098 117,870
Weighted Average Shares/Units Outstanding - Diluted 126,130 119,990 123,497 118,352
First Industrial, L.P.        
Revenues [Abstract]        
Rental Income $ 76,372 $ 76,497 $ 227,232 $ 227,217
Tenant Recoveries and Other Income 23,884 22,813 71,640 67,055
Total Revenues 100,256 99,310 298,872 294,272
Expenses:        
Property Expenses 28,466 28,452 86,430 83,835
General and Administrative 6,581 6,492 21,470 21,310
Impairment of Real Estate 0 0 2,756 0
Depreciation and Other Amortization 28,645 29,696 85,596 87,230
Total Expenses 63,692 64,640 196,252 192,375
Other Income (Expense):        
Gain on Sale of Real Estate 8,135 23,271 53,291 52,140
Interest Expense (12,424) (14,376) (37,818) (43,660)
Amortization of Debt Issuance Costs (850) (778) (2,550) (2,336)
Mark-to-Market Gain on Interest Rate Protection Agreements 0 1,848 0 1,848
Loss from Retirement of Debt 0 0 (39) (1,653)
Total Other Income (Expense) (5,139) 9,965 12,884 6,339
Income from Operations Before Equity in Loss of Joint Venture and Income Tax Benefit (Provision) 31,425 44,635 115,504 108,236
Equity in Loss of Joint Venture (197) 0 (199) 0
Income Tax Benefit (Provision) 302 21 93 (1,236)
Net Income 31,530 44,656 115,398 107,000
Less: Net Income Attributable to the Noncontrolling Interest (22) (43) (65) (96)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 31,508 $ 44,613 $ 115,333 $ 106,904
Basic Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.24 $ 0.36 $ 0.91 $ 0.87
Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders 0.24 0.36 0.91 0.87
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.2100 $ 0.6525 $ 0.6300
Weighted Average Shares/Units Outstanding - Basic 128,526 123,483 126,380 121,909
Weighted Average Shares/Units Outstanding - Diluted 128,888 124,027 126,779 122,391