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

3 Months Ended

Mar. 31, 2025

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, 2025		Three Months Ended March 31, 2024
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	48,067	$	68,407
Denominator (In Thousands):
Weighted Average Shares - Basic	132,415		132,360
Effect of Dilutive Securities:
Performance Units (See Note 9)	78		46
Weighted Average Shares - Diluted	132,493		132,406
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.36	$	0.52

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, 2025		Three Months Ended March 31, 2024
Numerator:
Net Income Available to Unitholders	$	49,462	$	70,145
Denominator (In Thousands):
Weighted Average Units - Basic	135,440		135,068
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	675		319
Weighted Average Units - Diluted	136,115		135,387
Basic EPU:
Net Income Available to Unitholders	$	0.37	$	0.52
Diluted EPU:
Net Income Available to Unitholders	$	0.36	$	0.52