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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Lease Revenue $ 146,606 $ 124,912
Joint Venture Fees 1,073 37
Other Revenue 1,744 564
Total Revenues 149,423 125,513
Expenses:    
Property Expenses 42,182 35,415
General and Administrative 9,354 8,741
Joint Venture Development Services Expense 784 0
Depreciation and Other Amortization 39,772 33,910
Total Expenses 92,092 78,066
Other Income (Expense):    
Interest Expense (16,119) (9,636)
Amortization of Debt Issuance Costs (904) (756)
Total Other Income (Expense) (17,023) (10,392)
Income from Operations Before Equity in Income (Loss) of Joint Venture and Income Tax (Provision) Benefit 40,308 37,055
Equity in Income (Loss) of Joint Venture 27,634 (22)
Income Tax (Provision) Benefit (7,167) 90
Net Income 60,775 37,123
Less: Net Income Attributable to the Noncontrolling Interests (4,808) (865)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 55,967 $ 36,258
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.42 $ 0.27
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.42 $ 0.27
Weighted Average Shares/Units Outstanding - Basic 132,211 131,811
Weighted Average Shares/Units Outstanding - Diluted 132,299 131,885
First Industrial, L.P.    
Revenues:    
Lease Revenue $ 146,606 $ 124,912
Joint Venture Fees 1,073 37
Other Revenue 1,744 564
Total Revenues 149,423 125,513
Expenses:    
Property Expenses 42,182 35,415
General and Administrative 9,354 8,741
Joint Venture Development Services Expense 784 0
Depreciation and Other Amortization 39,772 33,910
Total Expenses 92,092 78,066
Other Income (Expense):    
Interest Expense (16,119) (9,636)
Amortization of Debt Issuance Costs (904) (756)
Total Other Income (Expense) (17,023) (10,392)
Income from Operations Before Equity in Income (Loss) of Joint Venture and Income Tax (Provision) Benefit 40,308 37,055
Equity in Income (Loss) of Joint Venture 27,634 (22)
Income Tax (Provision) Benefit (7,167) 90
Net Income 60,775 37,123
Less: Net Income Attributable to the Noncontrolling Interests (3,381) (18)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 57,394 $ 37,105
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.43 $ 0.28
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.42 $ 0.28
Weighted Average Shares/Units Outstanding - Basic 134,686 134,073
Weighted Average Shares/Units Outstanding - Diluted 135,231 134,495