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

12 Months Ended

Dec. 31, 2021

Computation of Basic and Diluted Earnings Per Share / Unit

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

	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	270,997	$	195,989	$	238,775
Net Income Allocable to Participating Securities	(299)		(314)		(518)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	270,698	$	195,675	$	238,257
Denominator (In Thousands):
Weighted Average Shares - Basic	129,688		127,711		126,392
Effect of Dilutive Securities:
Performance Units (See Note 11)	87		193		299
Weighted Average Shares - Diluted	129,775		127,904		126,691
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.09	$	1.53	$	1.89
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.09	$	1.53	$	1.88

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:

	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
Numerator:
Net Income Available to Unitholders and Participating Securities	$	277,038	$	199,934	$	243,628
Net Income Allocable to Participating Securities	(770)		(662)		(732)
Net Income Available to Unitholders	$	276,268	$	199,272	$	242,896
Denominator (In Thousands):
Weighted Average Units - Basic	131,740		129,752		128,831
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance Units and certain Performance RLP Units (See Note 11)	497		375		410
Weighted Average Units - Diluted	132,237		130,127		129,241
Basic EPU:
Net Income Available to Unitholders	$	2.10	$	1.54	$	1.89
Diluted EPU:
Net Income Available to Unitholders	$	2.09	$	1.53	$	1.88