XML 42 R27.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Share / Unit (EPS / EPU) (Tables)
 6 Months Ended
Jun. 30, 2021
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 June 30, 2021Three Months Ended June 30, 2020Six Months Ended June 30, 2021Six Months Ended June 30, 2020
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$51,936 $35,669 $114,134 $76,303 
Net Income Allocable to Participating Securities(61)(59)(122)(118)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$51,875 $35,610 $114,012 $76,185 
Denominator (In Thousands):
Weighted Average Shares - Basic129,098 127,074 129,093 127,004 
Effect of Dilutive Securities:
        Performance Units (See Note 9)89 192 86 185 
Weighted Average Shares - Diluted129,187 127,266 129,179 127,189 
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$0.40 $0.28 $0.88 $0.60 
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 June 30, 2021Three Months Ended June 30, 2020Six Months Ended June 30, 2021Six Months Ended June 30, 2020
Numerator:
Net Income Available to Unitholders and Participating Securities
$53,140 $36,332 $116,705 $77,811 
Net Income Allocable to Participating Securities(155)(125)(315)(249)
Net Income Available to Unitholders
$52,985 $36,207 $116,390 $77,562 
Denominator (In Thousands):
Weighted Average Units - Basic131,188 129,081 131,180 129,075 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)516 380 489 355 
Weighted Average Units - Diluted131,704 129,461 131,669 129,430 
Basic EPU:
Net Income Available to Unitholders
$0.40 $0.28 $0.89 $0.60 
Diluted EPU:
Net Income Available to Unitholders
$0.40 $0.28 $0.88 $0.60