Exhibit 12.1

FIRST INDUSTRIAL, LP

Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

	12/31/2005		12/31/2004		12/31/2003
Income from Continuing Operations		12,488		40,214		31,540
Plus:
Interest expense		108,164		98,458		94,637
Amortization of DFC and IRPA		2,122		1,928		1,761
Net Earnings		122,774		140,600		127,938
Interest Expense		108,164		98,458		94,637
Capitalized Interest		3,721		1,304		761
Amortization of deferred financing costs and IRPA		2,122		1,928		1,761
Fixed Charges and Preferred Stock Div		114,007		101,690		97,159
Ratio of Earnings to Fixed Charges		1.08		1.38		1.32

(a) For purposes of computing the ratios of earnings to fixed charges and preferred stock dividends, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations before minority interest allocable to continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized and amortization of deferred financing costs.