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

9 Months Ended

Sep. 30, 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 September 30, 2025		Three Months Ended September 30, 2024		Nine Months Ended September 30, 2025		Nine Months Ended September 30, 2024
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	65,269	$	99,287	$	168,486	$	218,971
Denominator (In Thousands):
Weighted Average Shares - Basic	132,450		132,370		132,432		132,366
Effect of Dilutive Securities:
Performance Units (See Note 9)	54		51		60		43
Weighted Average Shares - Diluted	132,504		132,421		132,492		132,409
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.49	$	0.75	$	1.27	$	1.65

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, 2025		Three Months Ended September 30, 2024		Nine Months Ended September 30, 2025		Nine Months Ended September 30, 2024
Numerator:
Net Income Available to Unitholders	$	67,188	$	101,864	$	173,422	$	224,606
Denominator (In Thousands):
Weighted Average Units - Basic	135,479		135,099		135,461		135,088
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	441		375		512		303
Weighted Average Units - Diluted	135,920		135,474		135,973		135,391
Basic EPU:
Net Income Available to Unitholders	$	0.50	$	0.75	$	1.28	$	1.66
Diluted EPU:
Net Income Available to Unitholders	$	0.49	$	0.75	$	1.28	$	1.66