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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental Income $ 75,680 $ 75,802 $ 150,860 $ 150,720
Tenant Recoveries and Other Income 23,165 21,777 47,756 44,242
Total Revenues 98,845 97,579 198,616 194,962
Expenses:        
Property Expenses 28,553 26,897 57,964 55,383
General and Administrative 6,746 6,785 14,889 14,818
Impairment of Real Estate 0 0 2,756 0
Depreciation and Other Amortization 28,636 29,040 56,951 57,534
Total Expenses 63,935 62,722 132,560 127,735
Other Income (Expense):        
Gain on Sale of Real Estate 25,067 20,860 45,156 28,869
Interest Expense (12,603) (14,915) (25,394) (29,284)
Amortization of Debt Issuance Costs (845) (780) (1,700) (1,558)
Loss from Retirement of Debt 0 0 (39) (1,653)
Total Other Income (Expense) 11,619 5,165 18,023 (3,626)
Income from Operations Before Equity in Loss of Joint Venture and Income Tax Provision 46,529 40,022 84,079 63,601
Equity in Loss of Joint Venture (2) 0 (2) 0
Income Tax Provision (123) (1,169) (209) (1,257)
Net Income 46,404 38,853 83,868 62,344
Less: Net Income Attributable to the Noncontrolling Interest (1,195) (1,291) (2,367) (2,073)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 45,209 $ 37,562 $ 81,501 $ 60,271
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.36 $ 0.32 $ 0.67 $ 0.51
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.2100 $ 0.4350 $ 0.4200
Weighted Average Shares/Units Outstanding - Basic 123,616 117,299 121,741 117,070
Weighted Average Shares/Units Outstanding - Diluted 124,085 117,779 122,158 117,522
First Industrial, L.P.        
Revenues:        
Rental Income $ 75,680 $ 75,802 $ 150,860 $ 150,720
Tenant Recoveries and Other Income 23,165 21,777 47,756 44,242
Total Revenues 98,845 97,579 198,616 194,962
Expenses:        
Property Expenses 28,553 26,897 57,964 55,383
General and Administrative 6,746 6,785 14,889 14,818
Impairment of Real Estate 0 0 2,756 0
Depreciation and Other Amortization 28,636 29,040 56,951 57,534
Total Expenses 63,935 62,722 132,560 127,735
Other Income (Expense):        
Gain on Sale of Real Estate 25,067 20,860 45,156 28,869
Interest Expense (12,603) (14,915) (25,394) (29,284)
Amortization of Debt Issuance Costs (845) (780) (1,700) (1,558)
Loss from Retirement of Debt 0 0 (39) (1,653)
Total Other Income (Expense) 11,619 5,165 18,023 (3,626)
Income from Operations Before Equity in Loss of Joint Venture and Income Tax Provision 46,529 40,022 84,079 63,601
Equity in Loss of Joint Venture (2) 0 (2) 0
Income Tax Provision (123) (1,169) (209) (1,257)
Net Income 46,404 38,853 83,868 62,344
Less: Net Income Attributable to the Noncontrolling Interest (22) (26) (43) (53)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 46,382 $ 38,827 $ 83,825 $ 62,291
Basic and Diluted Earnings Per Share / Unit:        
Net Income Available to Common Stockholders / Unitholders $ 0.36 $ 0.32 $ 0.67 $ 0.51
Dividends/Distributions Per Share/Unit $ 0.2175 $ 0.2100 $ 0.4350 $ 0.4200
Weighted Average Shares/Units Outstanding - Basic 126,832 121,339 125,289 121,109
Weighted Average Shares/Units Outstanding - Diluted 127,301 121,819 125,706 121,561