Earnings Per Share (EPS)

12 Months Ended

Dec. 31, 2012

Earnings Per Share (EPS)

9. Earnings Per Share (EPS)

The computation of basic and diluted EPS is presented below:

	Year Ended December 31, 2012			Year Ended December 31, 2011			Year Ended December 31, 2010
Numerator:
Loss from Continuing Operations	$	(20,980	)	$	(31,054	)	$	(171,345	)
Gain on Sale of Real Estate, Net of Income Tax Provision		3,777			918			517
Noncontrolling Interest Allocable to Continuing Operations		1,962			3,027			14,841
Loss from Continuing Operations Attributable to First Industrial Realty Trust, Inc.		(15,241	)		(27,109	)		(155,987	)
Preferred Dividends		(18,947	)		(19,565	)		(19,677	)
Redemption of Preferred Stock		(1,804	)		—			—
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(35,992	)	$	(46,674	)	$	(175,664	)
Income (Loss) from Discontinued Operations, Net of Income Tax Provision	$	14,684		$	20,946		$	(50,791	)
Noncontrolling Interest Allocable to Discontinued Operations		(761	)		(1,282	)		3,957
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.	$	13,923		$	19,664		$	(46,834	)
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(22,069	)	$	(27,010	)	$	(222,498	)
Denominator:
Weighted Average Shares—Basic and Diluted		91,468,440			80,616,000			62,952,565
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.39	)	$	(0.58	)	$	(2.79	)
Income (Loss) from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders	$	0.15		$	0.24		$	(0.74	)
Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders	$	(0.24	)	$	(0.34	)	$	(3.53	)

Participating securities include 288,627, 673,381 and 662,092 of unvested restricted stock awards outstanding at December 31, 2012, 2011 and 2010 respectively, which participate in non-forfeitable dividends of the Company. Participating security holders are not obligated to share in losses, therefore, none of the net loss attributable to First Industrial Realty Trust, Inc. was allocated to participating securities for the years ended December 31, 2012, 2011 and 2010.

The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the years ended December 31, 2012, 2011 and 2010 as the effect of stock options and restricted unit awards (that do not participate in non-forfeitable dividends of the Company) was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards were anti-dilutive and could be dilutive in future periods:

	Number of Awards Outstanding At December 31, 2012		Number of Awards Outstanding At December 31, 2011		Number of Awards Outstanding At December 31, 2010
Non-Participating Securities:
Restricted Unit Awards		483,500		731,900		1,012,800
Options		—		25,201		98,701