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

3 Months Ended

Mar. 31, 2024

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 March 31, 2024		Three Months Ended March 31, 2023
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	68,407	$	55,920
Denominator (In Thousands):
Weighted Average Shares - Basic	132,360		132,211
Effect of Dilutive Securities:
Performance Units (See Note 9)	46		88
Weighted Average Shares - Diluted	132,406		132,299
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.52	$	0.42

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 March 31, 2024		Three Months Ended March 31, 2023
Numerator:
Net Income Available to Unitholders	$	70,145	$	57,260
Denominator (In Thousands):
Weighted Average Units - Basic	135,068		134,686
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	319		545
Weighted Average Units - Diluted	135,387		135,231
Basic EPU:
Net Income Available to Unitholders	$	0.52	$	0.43
Diluted EPU:
Net Income Available to Unitholders	$	0.52	$	0.42