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

6 Months Ended

Jun. 30, 2023

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 June 30, 2023		Three Months Ended June 30, 2022		Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities	$	54,636	$	116,991	$	110,603	$	153,249
Net Income Allocable to Participating Securities	(53)		(103)		(100)		(134)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	54,583	$	116,888	$	110,503	$	153,115
Denominator (In Thousands):
Weighted Average Shares - Basic	132,249		132,051		132,230		131,932
Effect of Dilutive Securities:
Performance Units (See Note 9)	88		55		88		65
Weighted Average Shares - Diluted	132,337		132,106		132,318		131,997
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.41	$	0.89	$	0.84	$	1.16
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders	$	0.41	$	0.88	$	0.84	$	1.16

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 June 30, 2023		Three Months Ended June 30, 2022		Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Numerator:
Net Income Available to Unitholders and Participating Securities	$	56,023	$	119,419	$	113,417	$	156,524
Net Income Allocable to Participating Securities	(145)		(269)		(279)		(357)
Net Income Available to Unitholders	$	55,878	$	119,150	$	113,138	$	156,167
Denominator (In Thousands):
Weighted Average Units - Basic	134,702		134,278		134,694		134,176
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)	545		312		545		367
Weighted Average Units - Diluted	135,247		134,590		135,239		134,543
Basic and Diluted EPU:
Net Income Available to Unitholders	$	0.41	$	0.89	$	0.84	$	1.16