Earnings Per Share (EPS)

3 Months Ended

Mar. 31, 2012

Earnings Per Share (EPS) [Abstract]

Earnings Per Share ("EPS")

8. Earnings Per Share (“EPS”)

The computation of basic and diluted EPS is presented below:

	Three Months Ended March 31, 2012			Three Months Ended March 31, 2011
Numerator:
Loss from Continuing Operations	$	(4,830	)	$	(6,550	)
Noncontrolling Interest Allocable to Continuing Operations		541			805
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.		(4,289	)		(5,745	)
Preferred Stock Dividends		(4,762	)		(4,927	)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(9,051	)	$	(10,672	)
Income from Discontinued Operations, Net of Income Tax Provision	$	5,885		$	2,167
Noncontrolling Interest Allocable to Discontinued Operations		(334	)		(152	)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	5,551		$	2,015
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	(3,500	)	$	(8,657	)
Denominator:
Weighted Average Shares—Basic and Diluted		86,575,197			70,638,598
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.10	)	$	(0.15	)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.06		$	0.03
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	(0.04	)	$	(0.12	)

Participating securities include 756,815 and 696,360 of unvested restricted stock awards outstanding at March 31, 2012 and 2011, 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 three months ended March 31, 2012 and 2011.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the three months ended March 31, 2012 and 2011 as the effect of stock options and restricted stock 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 March 31, 2012		Number of Awards Outstanding At March 31, 2011
Non-Participating Securities:
Restricted Stock Unit Awards		731,900		993,250
Options		10,000		41,901