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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental Income $ 289,858 $ 281,186 $ 259,609
Tenant Recoveries and Other Income 88,162 84,637 87,100
Total Revenues 378,020 365,823 346,709
Expenses:      
Property Expenses 112,324 114,628 114,499
General and Administrative 26,703 25,362 23,418
Acquisition Costs 491 1,403 960
Impairment of Real Estate 0 626 0
Depreciation and Other Amortization 117,282 113,814 111,897
Total Expenses 256,800 255,833 250,774
Other Income (Expense):      
Gain (Loss) on Sale of Real Estate 68,202 48,906 (83)
Interest Expense (59,430) (67,424) (72,178)
Amortization of Deferred Financing Costs (3,219) (3,159) (3,098)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements 0 (11,546) 0
Loss from Retirement of Debt 0 0 (655)
Total Other Income (Expense) 5,553 (33,223) (76,014)
Income from Continuing Operations Before Equity in Income of Joint Ventures and Income Tax Provision 126,773 76,767 19,921
Equity in Income of Joint Ventures 0 55 3,499
Income Tax Provision (1,089) (117) (238)
Income from Continuing Operations 125,684 76,705 23,182
Discontinued Operations:      
Income Attributable to Discontinued Operations 0 0 1,835
Gain on Sale of Real Estate 0 0 25,988
Income from Discontinued Operations 0 0 27,823
Net Income 125,684 76,705 51,005
Less: Net Income Attributable to the Noncontrolling Interest (4,452) (2,903) (1,895)
Net Income Attributable to Common Stockholders/Unitholders 121,232 73,802 49,110
Less: Preferred Dividends/Unit Distributions 0 0 (1,019)
Less: Redemption of Preferred Stock/Units 0 0 (1,462)
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 121,232 $ 73,802 $ 46,629
Basic Earnings Per Share/Unit:      
Income from Continuing Operations Available to Common Stockholders/Unitholders $ 1.05 $ 0.67 $ 0.18
Income from Discontinued Operations Attributable to Common Stockholders/Unitholders 0.00 0.00 0.24
Net Income Available to Common Stockholders/Unitholders 1.05 0.67 0.42
Diluted Earnings Per Share/Unit:      
Income from Continuing Operations Available to Common Stockholders/Unitholders 1.05 0.66 0.18
Income from Discontinued Operations Attributable to Common Stockholders/Unitholders 0.00 0.00 0.24
Net Income Available to Common Stockholders/Unitholders 1.05 0.66 0.42
Distributions Per Share/Unit $ 0.76 $ 0.51 $ 0.41
Weighted Average Shares/Units Outstanding - Basic 115,030 110,352 109,922
Weighted Average Shares/Units Outstanding - Diluted 115,370 110,781 110,325
First Industrial, L.P.      
Revenues:      
Rental Income $ 289,858 $ 281,186 $ 259,609
Tenant Recoveries and Other Income 88,162 84,637 87,100
Total Revenues 378,020 365,823 346,709
Expenses:      
Property Expenses 112,324 114,628 114,499
General and Administrative 26,703 25,247 23,166
Acquisition Costs 491 1,403 960
Impairment of Real Estate 0 626 0
Depreciation and Other Amortization 117,282 113,814 111,897
Total Expenses 256,800 255,718 250,522
Other Income (Expense):      
Gain (Loss) on Sale of Real Estate 68,202 48,906 (83)
Interest Expense (59,430) (67,424) (72,178)
Amortization of Deferred Financing Costs (3,219) (3,159) (3,098)
Mark-to-Market and Settlement Loss on Interest Rate Protection Agreements 0 (11,546) 0
Loss from Retirement of Debt 0 0 (655)
Total Other Income (Expense) 5,553 (33,223) (76,014)
Income from Continuing Operations Before Equity in Income of Joint Ventures and Income Tax Provision 126,773 76,882 20,173
Equity in Income of Joint Ventures 0 55 3,499
Income Tax Provision (1,089) (117) (238)
Income from Continuing Operations 125,684 76,820 23,434
Discontinued Operations:      
Income Attributable to Discontinued Operations 0 0 1,835
Gain on Sale of Real Estate 0 0 25,988
Income from Discontinued Operations 0 0 27,823
Net Income 125,684 76,820 51,257
Less: Net Income Attributable to the Noncontrolling Interest (137) (138) (72)
Net Income Attributable to Common Stockholders/Unitholders 125,547 76,682 51,185
Less: Preferred Dividends/Unit Distributions 0 0 (1,019)
Less: Redemption of Preferred Stock/Units 0 0 (1,462)
Net Income Available to Common Stockholders/Unitholders and Participating Securities $ 125,547 $ 76,682 $ 48,704
Basic Earnings Per Share/Unit:      
Income from Continuing Operations Available to Common Stockholders/Unitholders $ 1.05 $ 0.67 $ 0.18
Income from Discontinued Operations Attributable to Common Stockholders/Unitholders 0.00 0.00 0.24
Net Income Available to Common Stockholders/Unitholders 1.05 0.67 0.42
Diluted Earnings Per Share/Unit:      
Income from Continuing Operations Available to Common Stockholders/Unitholders 1.05 0.66 0.18
Income from Discontinued Operations Attributable to Common Stockholders/Unitholders 0.00 0.00 0.24
Net Income Available to Common Stockholders/Unitholders 1.05 0.66 0.42
Distributions Per Share/Unit $ 0.76 $ 0.51 $ 0.41
Weighted Average Shares/Units Outstanding - Basic 119,274 114,709 114,388
Weighted Average Shares/Units Outstanding - Diluted 119,614 115,138 114,791