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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental Income $ 303,874 $ 289,858 $ 281,186
Tenant Recoveries and Other Income 92,528 88,162 84,637
Total Revenues 396,402 378,020 365,823
Expenses:      
Property Expenses 113,494 112,324 114,628
General and Administrative 28,079 26,703 25,362
Acquisition Costs 0 491 1,403
Impairment of Real Estate 0 0 626
Depreciation and Other Amortization 116,364 117,282 113,814
Total Expenses 257,937 256,800 255,833
Other Income (Expense):      
Gain on Sale of Real Estate 131,269 68,202 48,906
Interest Expense (57,199) (59,430) (67,424)
Amortization of Debt Issuance Costs (3,162) (3,219) (3,159)
Settlement Gain (Loss) on Interest Rate Protection Agreements 1,896 0 (11,546)
Loss from Retirement of Debt (1,775) 0 0
Total Other Income (Expense) 71,029 5,553 (33,223)
Income from Operations Before Equity in Income of Joint Ventures and Income Tax Provision 209,494 126,773 76,767
Equity in Income of Joint Ventures 0 0 55
Income Tax Provision (1,193) (1,089) (117)
Net Income 208,301 125,684 76,705
Less: Net Income Attributable to the Noncontrolling Interest (6,845) (4,452) (2,903)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 201,456 $ 121,232 $ 73,802
Basic Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.70 $ 1.05 $ 0.67
Diluted Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders 1.69 1.05 0.66
Distributions Per Share/Unit $ 0.84 $ 0.76 $ 0.51
Weighted Average Shares/Units Outstanding - Basic 118,272 115,030 110,352
Weighted Average Shares / Units Outstanding - Diluted 118,787 115,370 110,781
First Industrial, L.P.      
Revenues:      
Rental Income $ 303,874 $ 289,858 $ 281,186
Tenant Recoveries and Other Income 92,528 88,162 84,637
Total Revenues 396,402 378,020 365,823
Expenses:      
Property Expenses 113,494 112,324 114,628
General and Administrative 28,079 26,703 25,247
Acquisition Costs 0 491 1,403
Impairment of Real Estate 0 0 626
Depreciation and Other Amortization 116,364 117,282 113,814
Total Expenses 257,937 256,800 255,718
Other Income (Expense):      
Gain on Sale of Real Estate 131,269 68,202 48,906
Interest Expense (57,199) (59,430) (67,424)
Amortization of Debt Issuance Costs (3,162) (3,219) (3,159)
Settlement Gain (Loss) on Interest Rate Protection Agreements 1,896 0 (11,546)
Loss from Retirement of Debt (1,775) 0 0
Total Other Income (Expense) 71,029 5,553 (33,223)
Income from Operations Before Equity in Income of Joint Ventures and Income Tax Provision 209,494 126,773 76,882
Equity in Income of Joint Ventures 0 0 55
Income Tax Provision (1,193) (1,089) (117)
Net Income 208,301 125,684 76,820
Less: Net Income Attributable to the Noncontrolling Interest (143) (137) (138)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 208,158 $ 125,547 $ 76,682
Basic Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders $ 1.70 $ 1.05 $ 0.67
Diluted Earnings Per Share / Unit:      
Net Income Available to Common Stockholders/Unitholders 1.69 1.05 0.66
Distributions Per Share/Unit $ 0.84 $ 0.76 $ 0.51
Weighted Average Shares/Units Outstanding - Basic 122,306 119,274 114,709
Weighted Average Shares / Units Outstanding - Diluted 122,821 119,614 115,138