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

3 Months Ended

Mar. 31, 2019

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, 2019			Three Months Ended March 31, 2018
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	23,803		$	36,292
Net Income Allocable to Participating Securities	(60		)	(97		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	23,743		$	36,195
Denominator (In Thousands):
Weighted Average Shares - Basic	126,194			119,846
Effect of Dilutive Securities:
Performance units (See Note 9)	262			365
Weighted Average Shares - Diluted	126,456			120,211
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.19		$	0.30

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, 2019			Three Months Ended March 31, 2018
Numerator:
Net Income Available to Unitholders and Participating Securities	$	24,314		$	37,443
Net Income Allocable to Participating Securities	(76		)	(97		)
Net Income Available to Unitholders	$	24,238		$	37,346
Denominator (In Thousands):
Weighted Average Units - Basic	128,818			123,729
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance units and certain Performance LTIP Units (See Note 9)	360			365
Weighted Average Units - Diluted	129,178			124,094
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.19		$	0.30