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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental Income $ 65,384 $ 62,055 $ 193,433 $ 185,916
Tenant Recoveries and Other Income 18,026 16,555 57,033 53,099
Total Revenues 83,410 78,610 250,466 239,015
Expenses:        
Property Expenses 26,769 24,423 81,941 75,724
General and Administrative 5,137 4,843 17,001 16,414
Impairment of Real Estate 1,047 0 2,476 (257)
Depreciation and Other Amortization 28,604 28,552 84,791 89,138
Total Expenses 61,557 57,818 186,209 181,019
Other Income (Expense):        
Interest Income 591 656 1,754 2,261
Interest Expense (17,997) (20,127) (55,391) (63,992)
Amortization of Deferred Financing Costs (781) (868) (2,468) (2,593)
Mark-to-Market (Loss) Gain on Interest Rate Protection Agreements 0 (29) 52 (334)
Loss from Retirement of Debt (662) (424) (6,248) (6,646)
Total Other Income (Expense) (18,849) (20,792) (62,301) (71,304)
Income (Loss) from Continuing Operations Before Equity in Income of Joint Ventures, Gain on Change in Control of Interests and Income Tax (Provision) Benefit 3,004 0 1,956 (13,308)
Equity in Income of Joint Ventures 72 28 119 156
Gain on Change in Control of Interests 0 0 0 776
Income Tax (Provision) Benefit (63) 5 (4) (5,258)
Income (Loss) from Continuing Operations 3,013 33 2,071 (17,634)
Discontinued Operations:        
Income Attributable to Discontinued Operations 216 966 728 1,737
Gain on Sale of Real Estate 5,243 4,420 15,650 12,005
Income from Discontinued Operations 5,459 5,386 16,378 13,742
Income (Loss) Before Gain on Sale of Real Estate 8,472 5,419 18,449 (3,892)
Gain on Sale of Real Estate 291 3,777 553 3,777
Net Income (Loss) 8,763 9,196 19,002 (115)
Less: Net (Income) Loss Attributable to the Noncontrolling Interest (219) (277) (244) 768
Net Income Attributable to First Industrial Realty Trust, Inc. 8,544 8,919 18,758 653
Less: Preferred Dividends (1,392) (4,725) (7,506) (14,285)
Less: Redemption of Preferred Stock (2,121) 0 (5,667) 0
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities $ 5,031 $ 4,194 $ 5,585 $ (13,632)
Basic and Diluted Earnings Per Share:        
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.00 $ (0.01) $ (0.10) $ (0.30)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.05 $ 0.05 $ 0.15 $ 0.15
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders $ 0.05 $ 0.04 $ 0.05 $ (0.15)
Distributions Per Share $ 0.085 $ 0 $ 0.255 $ 0
Weighted Average Shares Outstanding 109,474 93,488 106,154 89,363