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

12 Months Ended

Dec. 31, 2017

Computation of Basic and Diluted Earnings Per Share / Unit

The computation of basic and diluted EPS of the Company is presented below:

	Year Ended December 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities	$	201,456		$	121,232		$	73,802
Net Income Allocable to Participating Securities	(646		)	(411		)	(248		)
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	200,810		$	120,821		$	73,554
Denominator (In Thousands):
Weighted Average Shares - Basic	118,272			115,030			110,352
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 11)	515			340			429
Weighted Average Shares - Diluted	118,787			115,370			110,781
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	1.70		$	1.05		$	0.67
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	1.69		$	1.05		$	0.66

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:

	Year Ended December 31, 2017			Year Ended December 31, 2016			Year Ended December 31, 2015
Numerator:
Net Income Available to Unitholders and Participating Securities	$	208,158		$	125,547		$	76,682
Net Income Allocable to Participating Securities	(646		)	(410		)	(248		)
Net Income Available to Unitholders	$	207,512		$	125,137		$	76,434
Denominator (In Thousands):
Weighted Average Units - Basic	122,306			119,274			114,709
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 11)	515			340			429
Weighted Average Units - Diluted	122,821			119,614			115,138
Basic EPU:
Net Income Available to Unitholders	$	1.70		$	1.05		$	0.67
Diluted EPU:
Net Income Available to Unitholders	$	1.69		$	1.05		$	0.66