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Earnings Per Share (EPS) (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Share (EPS) [Abstract]  
Computation of basic and diluted EPS
                         
    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
   

 

 

   

 

 

   

 

 

 
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