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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Lease Revenue $ 115,667 $ 108,375
Other Revenue 592 1,968
Total Revenues 116,259 110,343
Expenses:    
Property Expenses 33,242 29,081
General and Administrative Expense 8,564 9,251
Depreciation and Other Amortization 31,975 30,931
Total Expenses 73,781 69,263
Other Income (Expense):    
Gain on Sale of Real Estate 34,645 13,993
Interest Expense, Debt, Excluding Amortization 12,673 12,804
Amortization of Debt Issuance Costs (949) (788)
Total Other Income (Expense) 21,023 401
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax Benefit 63,501 41,481
Equity in Loss of Joint Ventures (73) (29)
Income Tax Benefit 155 77
Net Income 63,583 41,529
Less: Net Income Attributable to the Noncontrolling Interests (1,385) (895)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 62,198 $ 40,634
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.48 $ 0.32
Weighted Average Shares/Units Outstanding - Basic 129,088 126,934
Weighted Average Shares/Units Outstanding - Diluted 129,172 127,111
First Industrial, L.P.    
Revenues:    
Lease Revenue $ 115,667 $ 108,375
Other Revenue 592 1,968
Total Revenues 116,259 110,343
Expenses:    
Property Expenses 33,242 29,081
General and Administrative Expense 8,564 9,251
Depreciation and Other Amortization 31,975 30,931
Total Expenses 73,781 69,263
Other Income (Expense):    
Gain on Sale of Real Estate 34,645 13,993
Interest Expense, Debt, Excluding Amortization 12,673 12,804
Amortization of Debt Issuance Costs (949) (788)
Total Other Income (Expense) 21,023 401
Income from Operations Before Equity in Loss of Joint Ventures and Income Tax Benefit 63,501 41,481
Equity in Loss of Joint Ventures (73) (29)
Income Tax Benefit 155 77
Net Income 63,583 41,529
Less: Net Income Attributable to the Noncontrolling Interests (18) (50)
Net Income Available to Common Stockholders / Unitholders and Participating Securities $ 63,565 $ 41,479
Basic and Diluted Earnings Per Share / Unit:    
Net Income Available to Common Stockholders / Unitholders $ 0.48 $ 0.32
Weighted Average Shares/Units Outstanding - Basic 131,172 129,070
Weighted Average Shares/Units Outstanding - Diluted 131,634 129,400