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

9 Months Ended

Sep. 30, 2021

Computation of Basic and Diluted Earnings Per Share / Unit

The computation of basic and diluted EPS of the Company is presented below: 

	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020		Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	42,446	$	35,959	$	156,580	$	112,262
Net Income Allocable to Participating Securities	(48)		(59)		(170)		(177)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	42,398	$	35,900	$	156,410	$	112,085
Denominator (In Thousands):
Weighted Average Shares - Basic	129,633		127,903		129,275		127,306
Effect of Dilutive Securities:
Performance Units (See Note 9)	89		198		87		189
Weighted Average Shares - Diluted	129,722		128,101		129,362		127,495
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.33	$	0.28	$	1.21	$	0.88

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:

	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020		Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
Numerator:
Net Income Available to Unitholders and Participating Securities	$	43,399	$	36,639	$	160,104	$	114,450
Net Income Allocable to Participating Securities	(126)		(125)		(441)		(374)
Net Income Available to Unitholders	$	43,273	$	36,514	$	159,663	$	114,076
Denominator (In Thousands):
Weighted Average Units - Basic	131,668		129,914		131,345		129,357
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	510		380		496		363
Weighted Average Units - Diluted	132,178		130,294		131,841		129,720
Basic EPU:
Net Income Available to Unitholders	$	0.33	$	0.28	$	1.22	$	0.88
Diluted EPU:
Net Income Available to Unitholders	$	0.33	$	0.28	$	1.21	$	0.88