Earnings Per Share (EPS)

12 Months Ended

Dec. 31, 2011

Earnings Per Share (EPS) [Abstract]

Earnings Per Share ("EPS")

9. Earnings Per Share (“EPS”)

The computation of basic and diluted EPS is presented below:

	Year Ended December 31, 2011			Year Ended December 31, 2010			Year Ended December 31, 2009
Numerator:
Loss from Continuing Operations	$	(32,201	)	$	(155,699	)	$	(20,327	)
Gain on Sale of Real Estate, Net of Income Tax Provision		918			517			231
Noncontrolling Interest Allocable to Continuing Operations		3,097			13,623			4,019
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.		(28,186	)		(141,559	)		(16,077	)
Preferred Stock Dividends		(19,565	)		(19,677	)		(19,516	)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(47,751	)	$	(161,236	)	$	(35,593	)
Income (Loss) from Discontinued Operations, Net of Income Tax Provision	$	22,093		$	(66,437	)	$	24,282
Noncontrolling Interest Allocable to Discontinued Operations		(1,352	)		5,175			(2,472	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	20,741		$	(61,262	)	$	21,810
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(27,010	)	$	(222,498	)	$	(13,783	)
Denominator:
Weighted Average Shares—Basic and Diluted		80,616,000			62,952,565			48,695,317
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.59	)	$	(2.56	)	$	(0.73	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.26		$	(0.97	)	$	0.45
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.34	)	$	(3.53	)	$	(0.28	)

Participating securities include 673,381, 662,092 and 355,645 of unvested restricted stock awards outstanding at December 31, 2011, 2010 and 2009 respectively, which participate in non-forfeitable dividends of the Company. Participating security holders are not obligated to share in losses, therefore, none of the net loss attributable to First Industrial Realty Trust, Inc. was allocated to participating securities for the years ended December 31, 2011, 2010 and 2009.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the years ended December 31, 2011, 2010 and 2009 as the effect of stock options and restricted unit awards (that do not participate in non-forfeitable dividends of the Company) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards were anti-dilutive and could be dilutive in future periods:

	Number of Awards Outstanding At December 31, 2011		Number of Awards Outstanding At December 31, 2010		Number of Awards Outstanding At December 31, 2009
Non-Participating Securities:
Restricted Unit Awards		731,900		1,012,800		1,218,800
Options		25,201		98,701		139,700