Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity

5. Stockholders’ Equity

Shares of Common Stock and Noncontrolling Interest

During the three months ended March 31, 2015 and 2014, 9,825 and 131,844 limited partnership interests in the Operating Partnership ("Units"), respectively, were converted into an equivalent number of shares of common stock, resulting in a reclassification of $95 and $1,279, respectively, of noncontrolling interest to First Industrial Realty Trust Inc.’s stockholders’ equity.

The following table summarizes the changes in noncontrolling interest for the three months ended March 31, 2015 and 2014:

	March 31, 2015			March 31, 2014
Noncontrolling Interest, Beginning of Period	$	41,877		$	44,369
Net Income	93			104
Unit Distributions	(557		)	(458		)
Other Comprehensive Income (Loss) (Including a Reallocation of $2 and $5)	142			(36		)
Conversion of Units to Common Stock	(95		)	(1,279		)
Reallocation - Additional Paid-in-Capital	(34		)	48
Noncontrolling Interest, End of Period	$	41,426		$	42,748

Dividends/Distributions

During the three months ended March 31, 2015, we accrued $14,749 common stock dividends and operating partnership unit distributions.