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

9 Months Ended

Sep. 30, 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 September 30, 2024		Three Months Ended September 30, 2023		Nine Months Ended September 30, 2024		Nine Months Ended September 30, 2023
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	99,287	$	74,938	$	218,971	$	185,441
Denominator (In Thousands):
Weighted Average Shares - Basic	132,370		132,264		132,366		132,241
Effect of Dilutive Securities:
Performance Units (See Note 9)	51		75		43		84
Weighted Average Shares - Diluted	132,421		132,339		132,409		132,325
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.75	$	0.57	$	1.65	$	1.40

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, 2024		Three Months Ended September 30, 2023		Nine Months Ended September 30, 2024		Nine Months Ended September 30, 2023
Numerator:
Net Income Available to Unitholders	$	101,864	$	76,718	$	224,606	$	189,856
Denominator (In Thousands):
Weighted Average Units - Basic	135,099		134,704		135,088		134,697
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	375		462		303		517
Weighted Average Units - Diluted	135,474		135,166		135,391		135,214
Basic EPU:
Net Income Available to Unitholders	$	0.75	$	0.57	$	1.66	$	1.41
Diluted EPU:
Net Income Available to Unitholders	$	0.75	$	0.57	$	1.66	$	1.40