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

12 Months Ended

Dec. 31, 2019

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, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	238,775		$	163,239		$	201,456
Net Income Allocable to Participating Securities	(518		)	(513		)	(646		)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	238,257		$	162,726		$	200,810
Denominator (In Thousands):
Weighted Average Shares - Basic	126,392			123,804			118,272
Effect of Dilutive Securities:
Performance units (See Note 11)	299			387			515
Weighted Average Shares - Diluted	126,691			124,191			118,787
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.89		$	1.31		$	1.70
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	1.88		$	1.31		$	1.69

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, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
Numerator:
Net Income Available to Unitholders and Participating Securities	243,628			167,246			208,158
Net Income Allocable to Participating Securities	(732		)	(513		)	(646		)
Net Income Available to Unitholders	$	242,896		$	166,733		$	207,512
Denominator (In Thousands):
Weighted Average Units - Basic	128,831			126,921			122,306
Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
Performance units and certain Performance LTIP Units (See Note 11)	410			387			515
Weighted Average Units - Diluted	129,241			127,308			122,821
Basic EPS:
Net Income Available to Unitholders	$	1.89		$	1.31		$	1.70
Diluted EPU:
Net Income Available to Unitholders	$	1.88		$	1.31		$	1.69