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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Lease Revenue $ 120,323 $ 109,657 $ 352,754 $ 326,681
Other Revenue 759 6,537 1,985 9,058
Total Revenues 121,082 116,194 354,739 335,739
Expenses:        
Property Expenses 33,396 30,355 98,386 87,487
General and Administrative 8,598 7,485 25,631 24,970
Depreciation and Other Amortization 33,143 34,369 97,564 97,532
Total Expenses 75,137 72,209 221,581 209,989
Other Income (Expense):        
Gain on Sale of Real Estate 8,879 6,525 66,378 29,594
Interest Expense (9,849) (12,775) (34,374) (37,864)
Amortization of Debt Issuance Costs (782) (905) (2,666) (2,477)
Total Other Income (Expense) (1,752) (7,155) 29,338 (10,747)
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax (Provision) Benefit 44,193 36,830 162,496 115,003
Equity in Loss of Joint Ventures (15) (162) (154) (236)
Income Tax (Provision) Benefit (759) 39 (2,179) (105)
Net Income 43,419 36,707 160,163 114,662
Less: Net Income Attributable to the Noncontrolling Interests (973) (748) (3,583) (2,400)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 42,446 $ 35,959 $ 156,580 $ 112,262
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.33 $ 0.28 $ 1.21 $ 0.88
Weighted Average Shares/Units Outstanding - Basic 129,633 127,903 129,275 127,306
Weighted Average Shares/Units Outstanding - Diluted 129,722 128,101 129,362 127,495
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 120,323 $ 109,657 $ 352,754 $ 326,681
Other Revenue 759 6,537 1,985 9,058
Total Revenues 121,082 116,194 354,739 335,739
Expenses:        
Property Expenses 33,396 30,355 98,386 87,487
General and Administrative 8,598 7,485 25,631 24,970
Depreciation and Other Amortization 33,143 34,369 97,564 97,532
Total Expenses 75,137 72,209 221,581 209,989
Other Income (Expense):        
Gain on Sale of Real Estate 8,879 6,525 66,378 29,594
Interest Expense (9,849) (12,775) (34,374) (37,864)
Amortization of Debt Issuance Costs (782) (905) (2,666) (2,477)
Total Other Income (Expense) (1,752) (7,155) 29,338 (10,747)
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax (Provision) Benefit 44,193 36,830 162,496 115,003
Equity in Loss of Joint Ventures (15) (162) (154) (236)
Income Tax (Provision) Benefit (759) 39 (2,179) (105)
Net Income 43,419 36,707 160,163 114,662
Less: Net Income Attributable to the Noncontrolling Interests (20) (68) (59) (212)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 43,399 $ 36,639 $ 160,104 $ 114,450
Basic and Diluted Earnings Per Share / Unit:        
Earnings Per Share, Basic $ 0.33 $ 0.28 $ 1.22 $ 0.88
Earnings Per Share, Diluted $ 0.33 $ 0.28 $ 1.21 $ 0.88
Weighted Average Shares/Units Outstanding - Basic 131,668 129,914 131,345 129,357
Weighted Average Shares/Units Outstanding - Diluted 132,178 130,294 131,841 129,720