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

12 Months Ended

Dec. 31, 2024

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, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	287,343	$	274,584	$	358,786
Denominator (In Thousands):
Weighted Average Shares - Basic	132,369		132,264		132,024
Effect of Dilutive Securities:
Performance Units (See Note 11)	47		77		79
Weighted Average Shares - Diluted	132,416		132,341		132,103
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.17	$	2.08	$	2.72
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.17	$	2.07	$	2.72

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, 2024		Year Ended December 31, 2023		Year Ended December 31, 2022
Numerator:
Net Income Available to Unitholders	$	294,670	$	281,150	$	366,642
Denominator (In Thousands):
Weighted Average Units - Basic	135,092		134,777		134,229
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance Units and certain Performance RLP Units (See Note 11)	334		472		452
Weighted Average Units - Diluted	135,426		135,249		134,681
Basic EPU:
Net Income Available to Unitholders	$	2.18	$	2.09	$	2.73
Diluted EPU:
Net Income Available to Unitholders	$	2.18	$	2.08	$	2.72