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Earnings Per Share / Unit (EPS / EPU) (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2019
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2019
 
Six Months Ended June 30, 2018
Numerator:
 
 
 
 
 
 
 
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$
39,800

 
$
45,209

 
$
63,603

 
$
81,501

Net Income Allocable to Participating Securities
(89
)
 
(151
)
 
(149
)
 
(248
)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$
39,711

 
$
45,058

 
$
63,454

 
$
81,253

Denominator (In Thousands):
 
 
 
 
 
 
 
Weighted Average Shares - Basic
126,206

 
123,616

 
126,200

 
121,741

Effect of Dilutive Securities:
 
 
 
 
 
 
 
        Performance units (See Note 9)
283

 
469

 
272

 
417

Weighted Average Shares - Diluted
126,489

 
124,085

 
126,472

 
122,158

Basic and Diluted EPS:
 
 
 
 
 
 
 
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$
0.31

 
$
0.36

 
$
0.50

 
$
0.67


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 June 30, 2019
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2019
 
Six Months Ended June 30, 2018
Numerator:
 
 
 
 
 
 
 
Net Income Available to Unitholders and Participating Securities
$
40,689

 
$
46,382

 
$
65,003

 
$
83,825

Net Income Allocable to Participating Securities
(128
)
 
(151
)
 
(204
)
 
(248
)
Net Income Available to Unitholders
$
40,561

 
$
46,231

 
$
64,799

 
$
83,577

Denominator (In Thousands):
 
 
 
 
 
 
 
Weighted Average Units - Basic
128,831

 
126,832

 
128,824

 
125,289

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Performance units and certain Performance LTIP Units (See Note 9)
390

 
469

 
375

 
417

Weighted Average Units - Diluted
129,221

 
127,301

 
129,199

 
125,706

Basic and Diluted EPU:
 
 
 
 
 
 
 
Net Income Available to Unitholders
$
0.31

 
$
0.36

 
$
0.50

 
$
0.67