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Earnings Per Share ("EPS") (Tables)

9 Months Ended

Sep. 30, 2012

Computation of Basic and Diluted EPS

The computation of basic and diluted EPS is presented below:

		Three Months Ended September 30, 2012				Three Months Ended September 30, 2011				Nine Months Ended September 30, 2012				Nine Months Ended September 30, 2011
Numerator:
Loss from Continuing Operations		$	(7	)		$	(11,559	)		$	(17,492	)		$	(21,580	)
Noncontrolling Interest Allocable to Continuing Operations			181				950				1,699				2,276
Gain on Sale of Real Estate, Net of Income Tax Provision			3,777				918				3,777				918
Noncontrolling Interest Allocable to Gain on Sale of Real Estate			(188	)			(53	)			(202	)			(57	)
Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc.			3,763				(9,744	)			(12,218	)			(18,443	)
Preferred Stock Dividends			(4,725	)			(4,928	)			(14,285	)			(14,802	)
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders		$	(962	)		$	(14,672	)		$	(26,503	)		$	(33,245	)
Income from Discontinued Operations, Net of Income Tax Provision		$	5,426			$	6,104			$	13,600			$	11,648
Noncontrolling Interest Allocable to Discontinued Operations			(270	)			(350	)			(729	)			(729	)
Income from Discontinued Operations Allocable to Participating Securities			(33	)			—				—				—
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.		$	5,123			$	5,754			$	12,871			$	10,919
Net Income (Loss) Available		$	4,194			$	(8,918	)		$	(13,632	)		$	(22,326	)
Net Income Allocable to Participating Securities			(33	)			—				—				—
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders		$	4,161			$	(8,918	)		$	(13,632	)		$	(22,326	)
Denominator:
Weighted Average Shares—Basic and Diluted			93,488,276				85,930,470				89,363,294				78,821,342
Basic and Diluted EPS:
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders		$	(0.01	)		$	(0.17	)		$	(0.30	)		$	(0.42	)
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders		$	0.05			$	0.07			$	0.14			$	0.14
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders		$	0.04			$	(0.10	)		$	(0.15	)		$	(0.28	)

Non-Participating Securities

		Number of Awards Outstanding At September 30, 2012				Number of Awards Outstanding At September 30, 2011
Non-Participating Securities:
Restricted Stock Unit Awards			713,550				923,700
Options			—				25,201

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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X

- Definition

Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

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