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

12 Months Ended

Dec. 31, 2023

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, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	274,584	$	358,786	$	270,698
Denominator (In Thousands):
Weighted Average Shares - Basic	132,264		132,024		129,688
Effect of Dilutive Securities:
Performance Units (See Note 11)	77		79		87
Weighted Average Shares - Diluted	132,341		132,103		129,775
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.08	$	2.72	$	2.09
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	2.07	$	2.72	$	2.09

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, 2023		Year Ended December 31, 2022		Year Ended December 31, 2021
Numerator:
Net Income Available to Unitholders	$	281,150	$	366,642	$	276,268
Denominator (In Thousands):
Weighted Average Units - Basic	134,777		134,229		131,740
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance Units and certain Performance RLP Units (See Note 11)	472		452		497
Weighted Average Units - Diluted	135,249		134,681		132,237
Basic EPU:
Net Income Available to Unitholders	$	2.09	$	2.73	$	2.10
Diluted EPU:
Net Income Available to Unitholders	$	2.08	$	2.72	$	2.09