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

3 Months Ended

Mar. 31, 2023

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 March 31, 2023		Three Months Ended March 31, 2022
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	55,967	$	36,258
Net Income Allocable to Participating Securities	(47)		(31)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	55,920	$	36,227
Denominator (In Thousands):
Weighted Average Shares - Basic	132,211		131,811
Effect of Dilutive Securities:
Performance Units (See Note 9)	88		74
Weighted Average Shares - Diluted	132,299		131,885
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.42	$	0.27

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 March 31, 2023		Three Months Ended March 31, 2022
Numerator:
Net Income Available to Unitholders and Participating Securities	$	57,394	$	37,105
Net Income Allocable to Participating Securities	(134)		(88)
Net Income Available to Unitholders	$	57,260	$	37,017
Denominator (In Thousands):
Weighted Average Units - Basic	134,686		134,073
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	545		422
Weighted Average Units - Diluted	135,231		134,495
Basic EPU:
Net Income Available to Unitholders	$	0.43	$	0.28
Diluted EPU:
Net Income Available to Unitholders	$	0.42	$	0.28