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

6 Months Ended

Jun. 30, 2022

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, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	116,991	$	51,936	$	153,249	$	114,134
Net Income Allocable to Participating Securities	(103)		(61)		(134)		(122)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	116,888	$	51,875	$	153,115	$	114,012
Denominator (In Thousands):
Weighted Average Shares - Basic	132,051		129,098		131,932		129,093
Effect of Dilutive Securities:
Performance Units (See Note 9)	55		89		65		86
Weighted Average Shares - Diluted	132,106		129,187		131,997		129,179
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.89	$	0.40	$	1.16	$	0.88
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.88	$	0.40	$	1.16	$	0.88

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, 2022		Three Months Ended June 30, 2021		Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Numerator:
Net Income Available to Unitholders and Participating Securities	$	119,419	$	53,140	$	156,524	$	116,705
Net Income Allocable to Participating Securities	(269)		(155)		(357)		(315)
Net Income Available to Unitholders	$	119,150	$	52,985	$	156,167	$	116,390
Denominator (In Thousands):
Weighted Average Units - Basic	134,278		131,188		134,176		131,180
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	312		516		367		489
Weighted Average Units - Diluted	134,590		131,704		134,543		131,669
Basic EPU:
Net Income Available to Unitholders	$	0.89	$	0.40	$	1.16	$	0.89
Diluted EPU:
Net Income Available to Unitholders	$	0.89	$	0.40	$	1.16	$	0.88