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

6 Months Ended

Jun. 30, 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 June 30, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	35,669	$	39,800	$	76,303	$	63,603
Net Income Allocable to Participating Securities	(59)		(89)		(118)		(149)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	35,610	$	39,711	$	76,185	$	63,454
Denominator (In Thousands):
Weighted Average Shares - Basic	127,074		126,206		127,004		126,200
Effect of Dilutive Securities:
Performance Units (See Note 9)	192		283		185		272
Weighted Average Shares - Diluted	127,266		126,489		127,189		126,472
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.28	$	0.31	$	0.60	$	0.50

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, 2020		Three Months Ended June 30, 2019		Six Months Ended June 30, 2020		Six Months Ended June 30, 2019
Numerator:
Net Income Available to Unitholders and Participating Securities	$	36,332	$	40,689	$	77,811	$	65,003
Net Income Allocable to Participating Securities	(125)		(128)		(249)		(204)
Net Income Available to Unitholders	$	36,207	$	40,561	$	77,562	$	64,799
Denominator (In Thousands):
Weighted Average Units - Basic	129,081		128,831		129,075		128,824
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 6)	380		390		355		375
Weighted Average Units - Diluted	129,461		129,221		129,430		129,199
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.28	$	0.31	$	0.60	$	0.50