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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues [Abstract]      
Lease Revenue $ 422,236 $ 398,822 $ 391,884
Other Revenue 3,748 5,132 4,518
Total Revenues 425,984 403,954 396,402
Expenses:      
Property Expenses 116,585 116,854 113,494
General and Administrative 28,569 27,749 28,079
Depreciation and Other Amortization 121,229 116,459 116,364
Impairment of Real Estate 0 2,756 0
Total Expenses 266,383 263,818 257,937
Other Income (Expense):      
Gain on Sale of Real Estate 124,942 81,600 131,269
Interest Expense (50,273) (50,775) (57,199)
Amortization of Debt Issuance Costs (3,218) (3,404) (3,162)
Settlement Gain on Derivative Instruments 0 0 1,896
Loss from Retirement of Debt 0 (39) (1,775)
Total Other Income (Expense) 71,451 27,382 71,029
Income from Operations Before Equity in Income (Loss) of Joint Venture and Income Tax (Provision) Benefit 231,052 167,518 209,494
Equity in Income (Loss) of Joint Venture 16,235 (276) 0
Income Tax (Provision) Benefit (3,406) 92 (1,193)
Net Income 243,881 167,334 208,301
Less: Net Income Attributable to the Noncontrolling Interest (5,106) (4,095) (6,845)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 238,775 $ 163,239 $ 201,456
Basic Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.89 $ 1.31 $ 1.70
Diluted Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.88 $ 1.31 $ 1.69
Weighted Average Shares/Units Outstanding - Basic 126,392 123,804 118,272
Weighted Average Shares / Units Outstanding - Diluted 126,691 124,191 118,787
First Industrial, L.P.      
Revenues [Abstract]      
Lease Revenue $ 422,236 $ 398,822 $ 391,884
Other Revenue 3,748 5,132 4,518
Total Revenues 425,984 403,954 396,402
Expenses:      
Property Expenses 116,585 116,854 113,494
General and Administrative 28,569 27,749 28,079
Depreciation and Other Amortization 121,229 116,459 116,364
Impairment of Real Estate 0 2,756 0
Total Expenses 266,383 263,818 257,937
Other Income (Expense):      
Gain on Sale of Real Estate 124,942 81,600 131,269
Interest Expense (50,273) (50,775) (57,199)
Amortization of Debt Issuance Costs (3,218) (3,404) (3,162)
Settlement Gain on Derivative Instruments 0 0 1,896
Loss from Retirement of Debt 0 (39) (1,775)
Total Other Income (Expense) 71,451 27,382 71,029
Income from Operations Before Equity in Income (Loss) of Joint Venture and Income Tax (Provision) Benefit 231,052 167,518 209,494
Equity in Income (Loss) of Joint Venture 16,235 (276) 0
Income Tax (Provision) Benefit (3,406) 92 (1,193)
Net Income 243,881 167,334 208,301
Less: Net Income Attributable to the Noncontrolling Interest (253) (88) (143)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 243,628 $ 167,246 $ 208,158
Basic Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.89 $ 1.31 $ 1.70
Diluted Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.88 $ 1.31 $ 1.69
Weighted Average Shares/Units Outstanding - Basic 128,831 126,921 122,306
Weighted Average Shares / Units Outstanding - Diluted 129,241 127,308 122,821