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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental Income $ 56,196 $ 55,696 $ 112,212 $ 111,983
Tenant Recoveries and Other Income 17,127 18,682 35,395 38,719
Construction Revenues       270
Total Revenues 73,323 74,378 147,607 150,972
Expenses:        
Property Expenses 23,866 23,719 49,906 50,081
General and Administrative 4,768 7,375 10,037 16,292
Restructuring Costs 393 947 1,553 1,211
Impairment of Real Estate (5,879)   (7,760) 9,155
Depreciation and Other Amortization 28,378 29,225 55,847 57,643
Construction Expenses       209
Total Expenses 51,526 61,266 109,583 134,591
Other Income (Expense):        
Interest Income 887 1,008 1,867 2,083
Interest Expense (25,746) (25,637) (52,548) (53,332)
Amortization of Deferred Financing Costs (1,077) (793) (2,162) (1,614)
Mark-to-Market Loss on Interest Rate Protection Agreements (232) (1,324) (188) (1,458)
Loss from Early Retirement of Debt (3,233) (4,320) (4,259) (3,965)
Foreign Currency Exchange Loss, Net   (190)   (190)
Total Other Income (Expense) (29,401) (31,256) (57,290) (58,476)
Loss from Continuing Operations Before Equity in Income (Loss) of Joint Ventures and Income Tax Benefit (Provision) (7,604) (18,144) (19,266) (42,095)
Equity in Income (Loss) of Joint Ventures 99 582 135 123
Gain on Change in Control of Interests 689   689  
Income Tax Benefit (Provision) 280 (2,511) 490 (2,636)
Loss from Continuing Operations (6,536) (20,073) (17,952) (44,608)
Income from Discontinued Operations (Including Gain on Sale of Real Estate of $3,537 and $3,610 for the Three Months Ended June 30, 2011 and June 30, 2010, respectively, and $7,341 and $7,619 for the Six Months Ended June 30, 2011 and June 30, 2010, respectively) 8,416 4,964 16,090 9,997
Provision for Income Taxes Allocable to Discontinued Operations (Including $1,919 and $0 allocable to Gain on Sale of Real Estate for the Three Months Ended June 30, 2011 and June 30, 2010, respectively, and $2,434 and $0 for the Six Months ended June 30, 2011 and June 30, 2010, respectively) (1,974) 0 (2,615) 0
Loss Before Gain on Sale of Real Estate (94) (15,109) (4,477) (34,611)
Gain on Sale of Real Estate       1,072
Provision for Income Taxes Allocable to Gain on Sale of Real Estate       (380)
Net Loss (94) (15,109) (4,477) (33,919)
Less: Net Loss Attributable to the Noncontrolling Interest 290 1,561 943 3,457
Net Loss Attributable to First Industrial Realty Trust, Inc. 196 (13,548) (3,534) (30,462)
Less: Preferred Stock Dividends (4,947) (4,979) (9,874) (9,939)
Net Loss Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities $ (4,751) $ (18,527) $ (13,408) $ (40,401)
Basic and Diluted Earnings Per Share:        
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.'s Common Stockholders $ (0.14) $ (0.37) $ (0.35) $ (0.8)
Income From Discontinued Operations Attributable to First Industrial Realty Trust, Inc.'s Common Stockholders $ 0.08 $ 0.07 $ 0.17 $ 0.15
Net Loss Available to First Industrial Realty Trust, Inc.'s Common Stockholders $ (0.06) $ (0.29) $ (0.18) $ (0.65)
Weighted Average Shares Outstanding 79,727 62,838 75,208 62,320