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

6 Months Ended

Jun. 30, 2018

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 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

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 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