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

3 Months Ended

Mar. 31, 2021

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, 2021		Three Months Ended March 31, 2020
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	62,198	$	40,634
Net Income Allocable to Participating Securities	(61)		(59)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	62,137	$	40,575
Denominator (In Thousands):
Weighted Average Shares - Basic	129,088		126,934
Effect of Dilutive Securities:
Performance Units (See Note 9)	84		177
Weighted Average Shares - Diluted	129,172		127,111
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.48	$	0.32

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, 2021		Three Months Ended March 31, 2020
Numerator:
Net Income Available to Unitholders and Participating Securities	$	63,565	$	41,479
Net Income Allocable to Participating Securities	(160)		(123)
Net Income Available to Unitholders	$	63,405	$	41,356
Denominator (In Thousands):
Weighted Average Units - Basic	131,172		129,070
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	462		330
Weighted Average Units - Diluted	131,634		129,400
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.48	$	0.32