XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental Income $ 63,829 $ 61,916
Tenant Recoveries and Other Income 19,439 18,279
Total Revenues 83,268 80,195
Expenses:    
Property Expenses 27,930 26,190
General and Administrative 6,463 5,617
Impairment of Real Estate 0 (164)
Depreciation and Other Amortization 27,307 32,009
Total Expenses 61,700 63,652
Other Income (Expense):    
Interest Income 563 927
Interest Expense (18,963) (22,693)
Amortization of Deferred Financing Costs (854) (875)
Mark-to-Market (Loss) Gain on Interest Rate Protection Agreements (4) 124
(Loss) Gain from Retirement of Debt (1,150) 1
Total Other Income (Expense) (20,408) (22,516)
Income (Loss) from Continuing Operations Before Equity in Income of Joint Ventures, Gain on Change in Control of Interests and Income Tax Benefit 1,160 (5,973)
Equity in Income of Joint Ventures 20 91
Gain on Change in Control of Interests 0 776
Income Tax Benefit 62 91
Income (Loss) from Continuing Operations 1,242 (5,015)
Discontinued Operations:    
Income (Loss) Attributable to Discontinued Operations 447 (129)
(Loss) Gain on Sale of Real Estate (3,074) 6,199
(Loss) Income from Discontinued Operations (2,627) 6,070
(Loss) Income Before Gain on Sale of Real Estate (1,385) 1,055
Gain on Sale of Real Estate 262 0
Net (Loss) Income (1,123) 1,055
Less: Net Loss Attributable to the Noncontrolling Interest 220 207
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc. (903) 1,262
Less: Preferred Dividends (3,837) (4,762)
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ (4,740) $ (3,500)
Basic and Diluted Earnings Per Share:    
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ (0.02) $ (0.11)
(Loss) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ (0.03) $ 0.07
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ (0.05) $ (0.04)
Distributions Per Share $ 0.085 $ 0
Weighted Average Shares Outstanding 100,774 86,575