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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Lease Revenue $ 116,764 $ 108,649 $ 232,431 $ 217,024
Other Revenue 634 553 1,226 2,521
Total Revenues 117,398 109,202 233,657 219,545
Expenses:        
Property Expenses 31,748 28,051 64,990 57,132
General and Administrative Expense 8,469 8,234 17,033 17,485
Depreciation and Other Amortization 32,446 32,232 64,421 63,163
Total Expenses 72,663 68,517 146,444 137,780
Other Income (Expense):        
Gain on Sale of Real Estate 22,854 9,076 57,499 23,069
Interest Expense (11,852) (12,285) (24,525) (25,089)
Amortization of Debt Issuance Costs (935) (784) (1,884) (1,572)
Total Other Income (Expense) 10,067 (3,993) 31,090 (3,592)
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax Provision 54,802 36,692 118,303 78,173
Equity in Loss of Joint Ventures (66) (45) (139) (74)
Income Tax Provision (1,575) (221) (1,420) (144)
Net Income 53,161 36,426 116,744 77,955
Less: Net Income Attributable to the Noncontrolling Interests (1,225) (757) (2,610) (1,652)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 51,936 $ 35,669 $ 114,134 $ 76,303
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.40 $ 0.28 $ 0.88 $ 0.60
Weighted Average Shares/Units Outstanding - Basic 129,098 127,074 129,093 127,004
Weighted Average Shares/Units Outstanding - Diluted 129,187 127,266 129,179 127,189
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 116,764 $ 108,649 $ 232,431 $ 217,024
Other Revenue 634 553 1,226 2,521
Total Revenues 117,398 109,202 233,657 219,545
Expenses:        
Property Expenses 31,748 28,051 64,990 57,132
General and Administrative Expense 8,469 8,234 17,033 17,485
Depreciation and Other Amortization 32,446 32,232 64,421 63,163
Total Expenses 72,663 68,517 146,444 137,780
Other Income (Expense):        
Gain on Sale of Real Estate 22,854 9,076 57,499 23,069
Interest Expense (11,852) (12,285) (24,525) (25,089)
Amortization of Debt Issuance Costs (935) (784) (1,884) (1,572)
Total Other Income (Expense) 10,067 (3,993) 31,090 (3,592)
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax Provision 54,802 36,692 118,303 78,173
Equity in Loss of Joint Ventures (66) (45) (139) (74)
Income Tax Provision (1,575) (221) (1,420) (144)
Net Income 53,161 36,426 116,744 77,955
Less: Net Income Attributable to the Noncontrolling Interests (21) (94) (39) (144)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 53,140 $ 36,332 $ 116,705 $ 77,811
Basic and Diluted Earnings Per Share / Unit:        
Earnings Per Share, Basic $ 0.40 $ 0.28 $ 0.89 $ 0.60
Earnings Per Share, Diluted $ 0.40 $ 0.28 $ 0.88 $ 0.60
Weighted Average Shares/Units Outstanding - Basic 131,188 129,081 131,180 129,075
Weighted Average Shares/Units Outstanding - Diluted 131,704 129,461 131,669 129,430