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Stockholders’ Equity of the Company and Partners' Capital of the Operating Partnership (Tables)
3 Months Ended
Mar. 31, 2019
Noncontrolling Interest Rollforward
The following table summarizes the changes in noncontrolling interest for the Company for the three months ended March 31, 2019 and 2018:
 
2019
 
2018
Balance as of December 31
$
34,397

 
$
48,077

    Net Income
537

 
1,172

    Amortization of Unearned Compensation related to the Issuance of LTIP Units (A)
270

 

    Other Comprehensive (Loss) Income
(140
)
 
183

    Unit Distributions
(664
)
 
(775
)
    Conversion of Limited Partner Units to Common Stock (B)

 
(5,009
)
    Retirement of Limited Partner Units (C)

 
(934
)
    Reallocation - Additional Paid-in-Capital
3,238

 
292

    Reallocation - Other Comprehensive Income
7

 

Balance as of March 31
$
37,645

 
$
43,006


_______________
(A) During the three months ended March 31, 2019, 286,986 LTIP Units were issued to certain employees.  
(B) During the three months ended March 31, 2018, 410,781 Limited Partner Units, were converted into an equivalent number of shares of common stock of the Company.
First Industrial, L.P.  
Noncontrolling Interest Rollforward
The following table summarizes the changes in noncontrolling interest for the Operating Partnership for the three months ended March 31, 2019 and 2018:
 
2019
 
2018
Balance as of December 31
$
857

 
$
779

    Net Income
26

 
21

    Contributions

 
116

    Distributions
(43
)
 
(21
)
Balance as of March 31
$
840

 
$
895