Earnings Per Share and Earnings Per Unit ("EPS"/"EPU")

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



	Three Months Ended June 30, 2018			Three Months Ended June 30, 2017			Six Months Ended June 30, 2018			Six Months Ended June 30, 2017
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	45,209		$	37,562		$	81,501		$	60,271
Net Income Allocable to Participating Securities	(151		)	(129		)	(248		)	(196		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	45,058		$	37,433		$	81,253		$	60,075
Denominator (In Thousands):
Weighted Average Shares - Basic	123,616			117,299			121,741			117,070
Effect of Dilutive Securities:
LTIP Unit Awards (As Defined in Note 9)	469			480			417			452
Weighted Average Shares - Diluted	124,085			117,779			122,158			117,522
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.36		$	0.32		$	0.67		$	0.51

The computation of basic and diluted EPU of the Operating Partnership is presented below:



	Three Months Ended June 30, 2018			Three Months Ended June 30, 2017			Six Months Ended June 30, 2018			Six Months Ended June 30, 2017
Numerator:
Net Income Available to Unitholders and Participating Securities	$	46,382		$	38,827		$	83,825		$	62,291
Net Income Allocable to Participating Securities	(151		)	(129		)	(248		)	(196		)
Net Income Available to Unitholders	$	46,231		$	38,698		$	83,577		$	62,095
Denominator (In Thousands):
Weighted Average Units - Basic	126,832			121,339			125,289			121,109
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (As Defined in Note 9)	469			480			417			452
Weighted Average Units - Diluted	127,301			121,819			125,706			121,561
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.36		$	0.32		$	0.67		$	0.51

Participating securities include 413,193 and 404,276 of unvested restricted stock or restricted Unit awards outstanding at June 30, 2018 and 2017, respectively, which participate in non-forfeitable distributions. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.