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Earnings Per Share/Unit (EPS/EPU) (Tables)
9 Months Ended
Sep. 30, 2015
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, 2015
 
Three Months Ended September 30, 2014
 
Nine Months Ended September 30, 2015
 
Nine Months Ended September 30, 2014
Numerator:
 
 
 
 
 
 
 
Income from Continuing Operations
$
14,465

 
$
8,263

 
$
31,499

 
$
15,341

Noncontrolling Interest Allocable to Continuing Operations
(548
)
 
(325
)
 
(1,197
)
 
(507
)
Income from Continuing Operations Allocable to Participating Securities
(50
)
 
(33
)
 
(141
)
 
(55
)
Income from Continuing Operations Attributable to First Industrial Realty Trust, Inc.
13,867

 
7,905

 
30,161

 
14,779

Preferred Dividends

 

 

 
(1,019
)
Redemption of Preferred Stock

 

 

 
(1,462
)
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
13,867

 
$
7,905

 
$
30,161

 
$
12,298

Income from Discontinued Operations
$

 
$
13,932

 
$

 
$
16,125

Noncontrolling Interest Allocable to Discontinued Operations

 
(543
)
 

 
(630
)
Income from Discontinued Operations Allocable to Participating Securities

 
(57
)
 

 
(68
)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.
$

 
$
13,332

 
$

 
$
15,427

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities
$
13,917

 
$
21,327

 
$
30,302

 
$
27,848

Net Income Allocable to Participating Securities
(50
)
 
(90
)
 
(141
)
 
(123
)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
13,867

 
$
21,237

 
$
30,161

 
$
27,725

Denominator (In Thousands):
 
 
 
 
 
 
 
Weighted Average Shares - Basic
110,356

 
110,072

 
110,338

 
109,856

Effect of Dilutive Securities:
 
 
 
 
 
 
 
        LTIP performance units
492

 
199

 
397

 
442

Weighted Average Shares - Diluted
110,848

 
110,271

 
110,735

 
110,298

Basic EPS:
 
 
 
 
 
 
 
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.07

 
$
0.27

 
$
0.11

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$

 
$
0.12

 
$

 
$
0.14

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.19

 
$
0.27

 
$
0.25

Diluted EPS:
 
 
 
 
 
 
 
Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.07

 
$
0.27

 
$
0.11

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders
$

 
$
0.12

 
$

 
$
0.14

Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders
$
0.13

 
$
0.19

 
$
0.27

 
$
0.25

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, 2015
 
(As Adjusted) Three Months Ended September
30, 2014
 
(As Adjusted) Nine Months Ended September 30, 2015
 
(As Adjusted) Nine Months Ended September 30, 2014
Numerator:
 
 
 
 
 
 
 
Income from Continuing Operations
$
14,465

 
$
8,307

 
$
31,614

 
$
15,448

Noncontrolling Interest Allocable to Continuing Operations
(27
)
 
(13
)
 
(75
)
 
(40
)
Income from Continuing Operations Allocable to Participating Securities
(50
)
 
(33
)
 
(141
)
 
(55
)
Income from Continuing Operations Attributable to Unitholders
14,388

 
8,261

 
31,398

 
15,353

Preferred Unit Distributions

 

 

 
(1,019
)
Redemption of Preferred Units

 

 

 
(1,462
)
Income from Continuing Operations Available to Unitholders
$
14,388

 
$
8,261

 
$
31,398

 
$
12,872

Income from Discontinued Operations
$

 
$
13,932

 
$

 
$
16,125

Noncontrolling Interest Allocable to Discontinued Operations

 
(8
)
 

 
(10
)
Income from Discontinued Operations Allocable to Participating Securities

 
(57
)
 

 
(68
)
Income from Discontinued Operations Attributable to Unitholders
$

 
$
13,867

 
$

 
$
16,047

Net Income Available to Unitholders and Participating Securities
$
14,438

 
$
22,218

 
$
31,539

 
$
29,042

Net Income Allocable to Participating Securities
(50
)
 
(90
)
 
(141
)
 
(123
)
Net Income Available to Unitholders
$
14,388

 
$
22,128

 
$
31,398

 
$
28,919

Denominator (In Thousands):
 
 
 
 
 
 
 
Weighted Average Units—Basic
114,720

 
114,512

 
114,705

 
114,346

Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
 
 
 
 
 
 
 
LTIP performance units
492

 
199

 
397

 
442

Weighted Average Units - Diluted
115,212

 
114,711

 
115,102

 
114,788

Basic EPU:
 
 
 
 
 
 
 
Income from Continuing Operations Available to Unitholders
$
0.13

 
$
0.07

 
$
0.27

 
$
0.11

Income from Discontinued Operations Attributable to Unitholders
$

 
$
0.12

 
$

 
$
0.14

Net Income Available to Unitholders
$
0.13

 
$
0.19

 
$
0.27

 
$
0.25

Diluted EPU:
 
 
 
 
 
 
 
Income from Continuing Operations Available to Unitholders
$
0.12

 
$
0.07

 
$
0.27

 
$
0.11

Income from Discontinued Operations Attributable to Unitholders
$

 
$
0.12

 
$

 
$
0.14

Net Income Available to Unitholders
$
0.12

 
$
0.19

 
$
0.27

 
$
0.25