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

3 Months Ended

Mar. 31, 2017

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 March 31, 2017			Three Months Ended March 31, 2016
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	22,709		$	15,688
Net Income Allocable to Participating Securities	(67		)	(63		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	22,642		$	15,625
Denominator (In Thousands):
Weighted Average Shares - Basic	116,837			110,793
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	424			192
Weighted Average Shares - Diluted	117,261			110,985
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.19		$	0.14

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 March 31, 2017			Three Months Ended March 31, 2016
Numerator:
Net Income Available to Unitholders and Participating Securities	$	23,464		$	16,281
Net Income Allocable to Participating Securities	(66		)	(63		)
Net Income Available to Unitholders	$	23,398		$	16,218
Denominator (In Thousands):
Weighted Average Units - Basic	120,877			115,096
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	424			192
Weighted Average Units - Diluted	121,301			115,288
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.19		$	0.14