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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Lease Revenue $ 108,649 $ 103,517 $ 217,024 $ 207,155
Other Revenue 553 578 2,521 1,481
Total Revenues 109,202 104,095 219,545 208,636
Expenses:        
Property Expenses 28,051 27,379 57,132 57,547
General and Administrative 8,234 6,782 17,485 13,584
Depreciation and Other Amortization 32,232 29,774 63,163 59,829
Total Expenses 68,517 63,935 137,780 130,960
Other Income (Expense):        
Gain on Sale of Real Estate 9,076 1,097 23,069 889
Interest Expense (12,285) (12,332) (25,089) (25,099)
Amortization of Debt Issuance Costs (784) (794) (1,572) (1,625)
Total Other Income (Expense) (3,993) (12,029) (3,592) (25,835)
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax Provision 36,692 28,131 78,173 51,841
Equity in (Loss) Income of Joint Venture (45) 15,516 (74) 16,360
Income Tax Provision (221) (2,934) (144) (3,148)
Net Income 36,426 40,713 77,955 65,053
Less: Net Income Attributable to the Noncontrolling Interest (757) (913) (1,652) (1,450)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 35,669 $ 39,800 $ 76,303 $ 63,603
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.28 $ 0.31 $ 0.60 $ 0.50
Weighted Average Shares/Units Outstanding - Basic 127,074 126,206 127,004 126,200
Weighted Average Shares/Units Outstanding - Diluted 127,266 126,489 127,189 126,472
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 108,649 $ 103,517 $ 217,024 $ 207,155
Other Revenue 553 578 2,521 1,481
Total Revenues 109,202 104,095 219,545 208,636
Expenses:        
Property Expenses 28,051 27,379 57,132 57,547
General and Administrative 8,234 6,782 17,485 13,584
Depreciation and Other Amortization 32,232 29,774 63,163 59,829
Total Expenses 68,517 63,935 137,780 130,960
Other Income (Expense):        
Gain on Sale of Real Estate 9,076 1,097 23,069 889
Interest Expense (12,285) (12,332) (25,089) (25,099)
Amortization of Debt Issuance Costs (784) (794) (1,572) (1,625)
Total Other Income (Expense) (3,993) (12,029) (3,592) (25,835)
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax Provision 36,692 28,131 78,173 51,841
Equity in (Loss) Income of Joint Venture (45) 15,516 (74) 16,360
Income Tax Provision (221) (2,934) (144) (3,148)
Net Income 36,426 40,713 77,955 65,053
Less: Net Income Attributable to the Noncontrolling Interest (94) (24) (144) (50)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 36,332 $ 40,689 $ 77,811 $ 65,003
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.28 $ 0.31 $ 0.60 $ 0.50
Weighted Average Shares/Units Outstanding - Basic 129,081 128,831 129,075 128,824
Weighted Average Shares/Units Outstanding - Diluted 129,461 129,221 129,430 129,199