XML 43 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Lease Revenue $ 108,375 $ 103,638
Other Revenue 1,968 903
Total Revenues 110,343 104,541
Expenses:    
Property Expenses 29,081 30,168
General and Administrative 9,251 6,802
Depreciation and Other Amortization 30,931 30,055
Total Expenses 69,263 67,025
Other Income (Expense):    
Gain (Loss) on Sale of Real Estate 13,993 (208)
Interest Expense (12,804) (12,767)
Amortization of Debt Issuance Costs (788) (831)
Total Other Income (Expense) 401 (13,806)
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax Benefit (Provision) 41,481 23,710
Equity in (Loss) Income of Joint Venture (29) 844
Income Tax Benefit (Provision) 77 (214)
Net Income 41,529 24,340
Less: Net Income Attributable to the Noncontrolling Interest (895) (537)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 40,634 $ 23,803
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.32 $ 0.19
Weighted Average Shares/Units Outstanding - Basic 126,934 126,194
Weighted Average Shares/Units Outstanding - Diluted 127,111 126,456
First Industrial, L.P.    
Revenues:    
Lease Revenue $ 108,375 $ 103,638
Other Revenue 1,968 903
Total Revenues 110,343 104,541
Expenses:    
Property Expenses 29,081 30,168
General and Administrative 9,251 6,802
Depreciation and Other Amortization 30,931 30,055
Total Expenses 69,263 67,025
Other Income (Expense):    
Gain (Loss) on Sale of Real Estate 13,993 (208)
Interest Expense (12,804) (12,767)
Amortization of Debt Issuance Costs (788) (831)
Total Other Income (Expense) 401 (13,806)
Income from Operations Before Equity in (Loss) Income of Joint Venture and Income Tax Benefit (Provision) 41,481 23,710
Equity in (Loss) Income of Joint Venture (29) 844
Income Tax Benefit (Provision) 77 (214)
Net Income 41,529 24,340
Less: Net Income Attributable to the Noncontrolling Interest (50) (26)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 41,479 $ 24,314
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.32 $ 0.19
Weighted Average Shares/Units Outstanding - Basic 129,070 128,818
Weighted Average Shares/Units Outstanding - Diluted 129,400 129,178