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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Lease Revenue $ 105,369 $ 99,231 $ 312,524 $ 296,335
Other Revenue 1,221 1,025 2,702 2,537
Total Revenues 106,590 100,256 315,226 298,872
Expenses:        
Property Expenses 28,396 28,466 85,943 86,430
General and Administrative 6,945 6,581 20,529 21,470
Impairment of Real Estate 0 0 0 2,756
Depreciation and Other Amortization 30,149 28,645 89,978 85,596
Total Expenses 65,490 63,692 196,450 196,252
Other Income (Expense):        
Gain on Sale of Real Estate 52,489 8,135 53,378 53,291
Interest Expense (12,466) (12,424) (37,565) (37,818)
Amortization of Debt Issuance Costs (805) (850) (2,430) (2,550)
Loss from Retirement of Debt 0 0 0 (39)
Total Other Income (Expense) 39,218 (5,139) 13,383 12,884
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax (Provision) Benefit 80,318 31,425 132,159 115,504
Equity in (Loss) Income of Joint Venture (72) (197) 16,288 (199)
Income Tax (Provision) Benefit (244) 302 (3,392) 93
Net Income 80,002 31,530 145,055 115,398
Less: Net Income Attributable to the Noncontrolling Interest (1,691) (619) (3,141) (2,986)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 78,311 $ 30,911 $ 141,914 $ 112,412
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.62 $ 0.24 $ 1.12 $ 0.91
Weighted Average Shares/Units Outstanding - Basic 126,480 125,768 126,295 123,098
Weighted Average Shares/Units Outstanding - Diluted 126,783 126,130 126,578 123,497
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 105,369 $ 99,231 $ 312,524 $ 296,335
Other Revenue 1,221 1,025 2,702 2,537
Total Revenues 106,590 100,256 315,226 298,872
Expenses:        
Property Expenses 28,396 28,466 85,943 86,430
General and Administrative 6,945 6,581 20,529 21,470
Impairment of Real Estate 0 0 0 2,756
Depreciation and Other Amortization 30,149 28,645 89,978 85,596
Total Expenses 65,490 63,692 196,450 196,252
Other Income (Expense):        
Gain on Sale of Real Estate 52,489 8,135 53,378 53,291
Interest Expense (12,466) (12,424) (37,565) (37,818)
Amortization of Debt Issuance Costs (805) (850) (2,430) (2,550)
Loss from Retirement of Debt 0 0 0 (39)
Total Other Income (Expense) 39,218 (5,139) 13,383 12,884
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax (Provision) Benefit 80,318 31,425 132,159 115,504
Equity in (Loss) Income of Joint Venture (72) (197) 16,288 (199)
Income Tax (Provision) Benefit (244) 302 (3,392) 93
Net Income 80,002 31,530 145,055 115,398
Less: Net Income Attributable to the Noncontrolling Interest (33) (22) (83) (65)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 79,969 $ 31,508 $ 144,972 $ 115,333
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.62 $ 0.24 $ 1.12 $ 0.91
Weighted Average Shares/Units Outstanding - Basic 128,837 128,526 128,829 126,380
Weighted Average Shares/Units Outstanding - Diluted 129,256 128,888 129,219 126,779