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

9 Months Ended

Sep. 30, 2023

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 September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	75,012	$	123,888	$	185,615	$	277,137
Net Income Allocable to Participating Securities	(74)		(124)		(174)		(258)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	74,938	$	123,764	$	185,441	$	276,879
Denominator (In Thousands):
Weighted Average Shares - Basic	132,264		132,092		132,241		131,986
Effect of Dilutive Securities:
Performance Units (See Note 9)	75		84		84		71
Weighted Average Shares - Diluted	132,339		132,176		132,325		132,057
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.57	$	0.94	$	1.40	$	2.10

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 September 30, 2023		Three Months Ended September 30, 2022		Nine Months Ended September 30, 2023		Nine Months Ended September 30, 2022
Numerator:
Net Income Available to Unitholders and Participating Securities	$	76,917	$	126,789	$	190,334	$	283,313
Net Income Allocable to Participating Securities	(199)		(307)		(478)		(664)
Net Income Available to Unitholders	$	76,718	$	126,482	$	189,856	$	282,649
Denominator (In Thousands):
Weighted Average Units - Basic	134,704		134,282		134,697		134,212
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	462		479		517		404
Weighted Average Units - Diluted	135,166		134,761		135,214		134,616
Basic EPU:
Net Income Available to Unitholders	$	0.57	$	0.94	$	1.41	$	2.11
Diluted EPU:
Net Income Available to Unitholders	$	0.57	$	0.94	$	1.40	$	2.10