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

12 Months Ended

Dec. 31, 2018

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, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	163,239		$	201,456		$	121,232
Net Income Allocable to Participating Securities	(513		)	(646		)	(411		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	162,726		$	200,810		$	120,821
Denominator (In Thousands):
Weighted Average Shares - Basic	123,804			118,272			115,030
Effect of Dilutive Securities:
LTIP Unit Awards (as defined in Note 11)	387			515			340
Weighted Average Shares - Diluted	124,191			118,787			115,370
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.31		$	1.70		$	1.05
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.31		$	1.69		$	1.05

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, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net Income Available to Unitholders and Participating Securities	167,246			208,158			125,547
Net Income Allocable to Participating Securities	(513		)	(646		)	(410		)
Net Income Available to Unitholders	$	166,733		$	207,512		$	125,137
Denominator (In Thousands):
Weighted Average Units - Basic	126,921			122,306			119,274
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
LTIP Unit Awards (as defined in Note 11)	387			515			340
Weighted Average Units - Diluted	127,308			122,821			119,614
Basic EPS:
Net Income Available to Unitholders	$	1.31		$	1.70		$	1.05
Diluted EPU:
Net Income Available to Unitholders	$	1.31		$	1.69		$	1.05