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

6 Months Ended

Jun. 30, 2024

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 June 30, 2024		Three Months Ended June 30, 2023		Six Months Ended June 30, 2024		Six 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 - Basic	132,368		132,249		132,364		132,230
Effect of Dilutive Securities:
Performance Units (See Note 9)	31		88		38		88
Weighted Average Shares - Diluted	132,399		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

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 June 30, 2024		Three Months Ended June 30, 2023		Six Months Ended June 30, 2024		Six 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 - Basic	135,096		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 - Diluted	135,313		135,247		135,350		135,239
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.39	$	0.41	$	0.91	$	0.84