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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Lease Revenue $ 137,744 $ 120,323 $ 391,613 $ 352,754
Joint Venture Fees 438 60 512 290
Other Revenue 1,571 699 3,190 1,695
Total Revenues 139,753 121,082 395,315 354,739
Expenses:        
Property Expenses 35,775 33,396 106,050 98,386
General and Administrative 8,227 8,598 25,217 25,631
Joint Venture Development Services Expense 318 0 318 0
Depreciation and Other Amortization 38,332 33,143 108,712 97,564
Total Expenses 82,652 75,137 240,297 221,581
Other Income (Expense):        
Gain on Sale of Real Estate 83,907 8,879 84,204 66,378
Interest Expense (13,094) (9,849) (33,104) (34,374)
Amortization of Debt Issuance Costs (801) (782) (2,287) (2,666)
Total Other Income (Expense) 70,012 (1,752) 48,813 29,338
Income from Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 127,113 44,193 203,831 162,496
Equity in (Loss) Income of Joint Ventures (7) (15) 118,182 (154)
Income Tax Provision (231) (759) (24,339) (2,179)
Net Income 126,875 43,419 297,674 160,163
Less: Net Income Attributable to the Noncontrolling Interests (2,987) (973) (20,537) (3,583)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 123,888 $ 42,446 $ 277,137 $ 156,580
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.94 $ 0.33 $ 2.10 $ 1.21
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.94 $ 0.33 $ 2.10 $ 1.21
Weighted Average Shares/Units Outstanding - Basic 132,092 129,633 131,986 129,275
Weighted Average Shares/Units Outstanding - Diluted 132,176 129,722 132,057 129,362
First Industrial, L.P.        
Revenues:        
Lease Revenue $ 137,744 $ 120,323 $ 391,613 $ 352,754
Joint Venture Fees 438 60 512 290
Other Revenue 1,571 699 3,190 1,695
Total Revenues 139,753 121,082 395,315 354,739
Expenses:        
Property Expenses 35,775 33,396 106,050 98,386
General and Administrative 8,227 8,598 25,217 25,631
Joint Venture Development Services Expense 318 0 318 0
Depreciation and Other Amortization 38,332 33,143 108,712 97,564
Total Expenses 82,652 75,137 240,297 221,581
Other Income (Expense):        
Gain on Sale of Real Estate 83,907 8,879 84,204 66,378
Interest Expense (13,094) (9,849) (33,104) (34,374)
Amortization of Debt Issuance Costs (801) (782) (2,287) (2,666)
Total Other Income (Expense) 70,012 (1,752) 48,813 29,338
Income from Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision 127,113 44,193 203,831 162,496
Equity in (Loss) Income of Joint Ventures (7) (15) 118,182 (154)
Income Tax Provision (231) (759) (24,339) (2,179)
Net Income 126,875 43,419 297,674 160,163
Less: Net Income Attributable to the Noncontrolling Interests (86) (20) (14,361) (59)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 126,789 $ 43,399 $ 283,313 $ 160,104
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders - Basic $ 0.94 $ 0.33 $ 2.11 $ 1.22
Net Income Available to Common Stockholders / Unitholders - Diluted $ 0.94 $ 0.33 $ 2.10 $ 1.21
Weighted Average Shares/Units Outstanding - Basic 134,282 131,668 134,212 131,345
Weighted Average Shares/Units Outstanding - Diluted 134,761 132,178 134,616 131,841