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

9 Months Ended

Sep. 30, 2022

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 September 30, 2022		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2022		Nine Months Ended September 30, 2021
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	123,888	$	42,446	$	277,137	$	156,580
Net Income Allocable to Participating Securities	(124)		(48)		(258)		(170)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	123,764	$	42,398	$	276,879	$	156,410
Denominator (In Thousands):
Weighted Average Shares - Basic	132,092		129,633		131,986		129,275
Effect of Dilutive Securities:
Performance Units (See Note 9)	84		89		71		87
Weighted Average Shares - Diluted	132,176		129,722		132,057		129,362
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.94	$	0.33	$	2.10	$	1.21

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 September 30, 2022		Three Months Ended September 30, 2021		Nine Months Ended September 30, 2022		Nine Months Ended September 30, 2021
Numerator:
Net Income Available to Unitholders and Participating Securities	$	126,789	$	43,399	$	283,313	$	160,104
Net Income Allocable to Participating Securities	(307)		(126)		(664)		(441)
Net Income Available to Unitholders	$	126,482	$	43,273	$	282,649	$	159,663
Denominator (In Thousands):
Weighted Average Units - Basic	134,282		131,668		134,212		131,345
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	479		510		404		496
Weighted Average Units - Diluted	134,761		132,178		134,616		131,841
Basic EPU:
Net Income Available to Unitholders	$	0.94	$	0.33	$	2.11	$	1.22
Diluted EPU:
Net Income Available to Unitholders	$	0.94	$	0.33	$	2.10	$	1.21