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

3 Months Ended

Mar. 31, 2020

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, 2020			Three Months Ended March 31, 2019
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	40,634		$	23,803
Net Income Allocable to Participating Securities	(59		)	(60		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	40,575		$	23,743
Denominator (In Thousands):
Weighted Average Shares - Basic	126,934			126,194
Effect of Dilutive Securities:
Performance Units (See Note 9)	177			262
Weighted Average Shares - Diluted	127,111			126,456
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.32		$	0.19

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, 2020			Three Months Ended March 31, 2019
Numerator:
Net Income Available to Unitholders and Participating Securities	$	41,479		$	24,314
Net Income Allocable to Participating Securities	(123		)	(76		)
Net Income Available to Unitholders	$	41,356		$	24,238
Denominator (In Thousands):
Weighted Average Units - Basic	129,070			128,818
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 6)	330			360
Weighted Average Units - Diluted	129,400			129,178
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.32		$	0.19