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Earnings Per Share / Unit (EPS / EPU)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share / Unit (EPS / EPU) Earnings Per Share and Earnings Per Unit ("EPS"/"EPU")
The computation of basic and diluted EPS of the Company is presented below: 
Three Months Ended June 30, 2024Three Months Ended June 30, 2023Six Months Ended June 30, 2024Six Months Ended June 30, 2023
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$51,277 $54,583 $119,684 $110,503 
Denominator (In Thousands):
Weighted Average Shares - Basic132,368 132,249 132,364 132,230 
Effect of Dilutive Securities:
        Performance Units (See Note 9)31 88 38 88 
Weighted Average Shares - Diluted132,399 132,337 132,402 132,318 
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$0.39 $0.41 $0.90 $0.84 
The computation of basic and diluted EPU of the Operating Partnership is presented below:
Three Months Ended June 30, 2024Three Months Ended June 30, 2023Six Months Ended June 30, 2024Six Months Ended June 30, 2023
Numerator:
Net Income Available to Unitholders
$52,597 $55,878 $122,742 $113,138 
Denominator (In Thousands):
Weighted Average Units - Basic135,096 134,702 135,082 134,694 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units
(See Note 9)
217 545 268 545 
Weighted Average Units - Diluted135,313 135,247 135,350 135,239 
Basic and Diluted EPU:
Net Income Available to Unitholders$0.39 $0.41 $0.91 $0.84 
At June 30, 2024 and 2023, participating securities for the Company included 105,249 and 129,909, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At June 30, 2024 and 2023, participating securities for the Operating Partnership included 272,287 and 352,686, respectively, of Service Awards and certain Performance Awards (see Note 9), which participate in non-forfeitable distributions. Under the two-class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.