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

12 Months Ended

Dec. 31, 2020

Computation of Basic and Diluted Earnings Per Share / Unit

The computation of basic and diluted EPS of the Company is presented below: 

	Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2018
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	195,989	$	238,775	$	163,239
Net Income Allocable to Participating Securities	(314)		(518)		(513)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	195,675	$	238,257	$	162,726
Denominator (In Thousands):
Weighted Average Shares - Basic	127,711		126,392		123,804
Effect of Dilutive Securities:
Performance Units (See Note 11)	193		299		387
Weighted Average Shares - Diluted	127,904		126,691		124,191
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.53	$	1.89	$	1.31
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.53	$	1.88	$	1.31

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:

	Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2018
Numerator:
Net Income Available to Unitholders and Participating Securities	$	199,934	$	243,628	$	167,246
Net Income Allocable to Participating Securities	(662)		(732)		(513)
Net Income Available to Unitholders	$	199,272	$	242,896	$	166,733
Denominator (In Thousands):
Weighted Average Units - Basic	129,752		128,831		126,921
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance Units and certain Performance RLP Units (See Note 11)	375		410		387
Weighted Average Units - Diluted	130,127		129,241		127,308
Basic EPU:
Net Income Available to Unitholders	$	1.54	$	1.89	$	1.31
Diluted EPU:
Net Income Available to Unitholders	$	1.53	$	1.88	$	1.31