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

12 Months Ended

Dec. 31, 2022

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, 2022		Year Ended December 31, 2021		Year Ended December 31, 2020
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	359,134	$	270,997	$	195,989
Net Income Allocable to Participating Securities	(348)		(299)		(314)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	358,786	$	270,698	$	195,675
Denominator (In Thousands):
Weighted Average Shares - Basic	132,024		129,688		127,711
Effect of Dilutive Securities:
Performance Units (See Note 11)	79		87		193
Weighted Average Shares - Diluted	132,103		129,775		127,904
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.72	$	2.09	$	1.53

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, 2022		Year Ended December 31, 2021		Year Ended December 31, 2020
Numerator:
Net Income Available to Unitholders and Participating Securities	$	367,519	$	277,038	$	199,934
Net Income Allocable to Participating Securities	(877)		(770)		(662)
Net Income Available to Unitholders	$	366,642	$	276,268	$	199,272
Denominator (In Thousands):
Weighted Average Units - Basic	134,229		131,740		129,752
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance Units and certain Performance RLP Units (See Note 11)	452		497		375
Weighted Average Units - Diluted	134,681		132,237		130,127
Basic EPU:
Net Income Available to Unitholders	$	2.73	$	2.10	$	1.54
Diluted EPU:
Net Income Available to Unitholders	$	2.72	$	2.09	$	1.53