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

The computation of basic and diluted EPS of the Company is presented below:



	Year Ended December 31, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	163,239		$	201,456		$	121,232
Net Income Allocable to Participating Securities	(513		)	(646		)	(411		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	162,726		$	200,810		$	120,821
Denominator (In Thousands):
Weighted Average Shares - Basic	123,804			118,272			115,030
Effect of Dilutive Securities:
LTIP Unit Awards (as defined in Note 11)	387			515			340
Weighted Average Shares - Diluted	124,191			118,787			115,370
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.31		$	1.70		$	1.05
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.31		$	1.69		$	1.05

The computation of basic and diluted EPU of the Operating Partnership is presented below:



	Year Ended December 31, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net Income Available to Unitholders and Participating Securities	167,246			208,158			125,547
Net Income Allocable to Participating Securities	(513		)	(646		)	(410		)
Net Income Available to Unitholders	$	166,733		$	207,512		$	125,137
Denominator (In Thousands):
Weighted Average Units - Basic	126,921			122,306			119,274
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (as defined in Note 11)	387			515			340
Weighted Average Units - Diluted	127,308			122,821			119,614
Basic EPS:
Net Income Available to Unitholders	$	1.31		$	1.70		$	1.05
Diluted EPU:
Net Income Available to Unitholders	$	1.31		$	1.69		$	1.05

Participating securities include 405,436, 408,248 and 406,855 of unvested restricted stock or restricted Unit awards outstanding at December 31, 2018, 2017 and 2016, respectively, which participate in non-forfeitable distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.