XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Lease Revenue $ 128,957 $ 116,764 $ 253,869 $ 232,431
Other Revenue 1,092 634 1,693 1,226
Total Revenues 130,049 117,398 255,562 233,657
Expenses:        
Property Expenses 34,860 31,748 70,275 64,990
General and Administrative 8,249 8,469 16,990 17,033
Depreciation and Other Amortization 36,470 32,446 70,380 64,421
Total Expenses 79,579 72,663 157,645 146,444
Other Income (Expense):        
Gain on Sale of Real Estate 297 22,854 297 57,499
Interest Expense (10,374) (11,852) (20,010) (24,525)
Amortization of Debt Issuance Costs (730) (935) (1,486) (1,884)
Total Other Income (Expense) (10,807) 10,067 (21,199) 31,090
Income from Operations Before Equity in Income (Loss) of Joint Ventures and Income Tax Provision 39,663 54,802 76,718 118,303
Equity in Income (Loss) of Joint Ventures 118,211 (66) 118,189 (139)
Income Tax Provision (24,198) (1,575) (24,108) (1,420)
Net Income 133,676 53,161 170,799 116,744
Less: Net Income Attributable to the Noncontrolling Interests (16,685) (1,225) (17,550) (2,610)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 116,991 $ 51,936 $ 153,249 $ 114,134
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.89 $ 0.40 $ 1.16 $ 0.88
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.88 $ 0.40 $ 1.16 $ 0.88
Weighted Average Shares/Units Outstanding - Basic 132,051 129,098 131,932 129,093
Weighted Average Shares/Units Outstanding - Diluted 132,106 129,187 131,997 129,179
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 128,957 $ 116,764 $ 253,869 $ 232,431
Other Revenue 1,092 634 1,693 1,226
Total Revenues 130,049 117,398 255,562 233,657
Expenses:        
Property Expenses 34,860 31,748 70,275 64,990
General and Administrative 8,249 8,469 16,990 17,033
Depreciation and Other Amortization 36,470 32,446 70,380 64,421
Total Expenses 79,579 72,663 157,645 146,444
Other Income (Expense):        
Gain on Sale of Real Estate 297 22,854 297 57,499
Interest Expense (10,374) (11,852) (20,010) (24,525)
Amortization of Debt Issuance Costs (730) (935) (1,486) (1,884)
Total Other Income (Expense) (10,807) 10,067 (21,199) 31,090
Income from Operations Before Equity in Income (Loss) of Joint Ventures and Income Tax Provision 39,663 54,802 76,718 118,303
Equity in Income (Loss) of Joint Ventures 118,211 (66) 118,189 (139)
Income Tax Provision (24,198) (1,575) (24,108) (1,420)
Net Income 133,676 53,161 170,799 116,744
Less: Net Income Attributable to the Noncontrolling Interests (14,257) (21) (14,275) (39)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 119,419 $ 53,140 $ 156,524 $ 116,705
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.89 $ 0.40 $ 1.16 $ 0.89
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.89 $ 0.40 $ 1.16 $ 0.88
Weighted Average Shares/Units Outstanding - Basic 134,278 131,188 134,176 131,180
Weighted Average Shares/Units Outstanding - Diluted 134,590 131,704 134,543 131,669