Earnings Per Share / Unit (EPS / EPU) (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017			Three Months Ended September 30, 2016			Nine Months Ended September 30, 2017			Nine Months Ended September 30, 2016
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	43,198		$	31,519		$	103,469		$	97,436
Net Income Allocable to Participating Securities	(145		)	(110		)	(327		)	(329		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	43,053		$	31,409		$	103,142		$	97,107
Denominator (In Thousands):
Weighted Average Shares - Basic	119,446			116,467			117,870			114,491
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	544			397			482			318
Weighted Average Shares - Diluted	119,990			116,864			118,352			114,809
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.36		$	0.27		$	0.88		$	0.85
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.36		$	0.27		$	0.87		$	0.85

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, 2017			Three Months Ended September 30, 2016			Nine Months Ended September 30, 2017			Nine Months Ended September 30, 2016
Numerator:
Net Income Available to Unitholders and Participating Securities	$	44,613		$	32,630		$	106,904		$	100,959
Net Income Allocable to Participating Securities	(145		)	(110		)	(327		)	(328		)
Net Income Available to Unitholders	$	44,468		$	32,520		$	106,577		$	100,631
Denominator (In Thousands):
Weighted Average Units - Basic	123,483			120,740			121,909			118,781
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	544			397			482			318
Weighted Average Units - Diluted	124,027			121,137			122,391			119,099
Basic EPU:
Net Income Available to Unitholders	$	0.36		$	0.27		$	0.87		$	0.85
Diluted EPU:
Net Income Available to Unitholders	$	0.36		$	0.27		$	0.87		$	0.84