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Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information (unaudited)

17. Quarterly Financial Information (unaudited)

The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2012 and all fiscal quarters in 2011 have been revised in accordance with guidance on accounting for discontinued operations. Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities and basic and diluted EPS from Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders have not been affected.

 

     Year Ended December 31, 2012  
     First
Quarter		     Second
Quarter		     Third
Quarter		     Fourth
Quarter		  

Total Revenues

    $ 80,862      $ 82,305      $ 79,779      $ 84,327   

Equity in Income of Joint Ventures

      91        37        28        1,403   

Noncontrolling Interest Allocable to Continuing Operations

      536        972        184        466   

(Loss) Income from Continuing Operations, Net of Noncontrolling Interest

      (4,362 )      (11,929 )      125        (2,656 ) 

Income from Discontinued Operations

      5,953        2,535        5,478        718   

Noncontrolling Interest Allocable to Discontinued Operations

      (329 )      (134 )      (265 )      (33 ) 

Gain on Sale of Real Estate

      —         —         3,777        —    

Noncontrolling Interest Allocable to Gain on Sale of Real Estate

      —         —         (196 )      —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Net Income (Loss) Attributable to First Industrial Realty Trust, Inc.

      1,262        (9,528 )      8,919        (1,971 ) 

Preferred Dividends

      (4,762 )      (4,798 )      (4,725 )      (4,662 ) 

Redemption of Preferred Stock

      —         —         —         (1,804 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net (Loss) Income Available

    $ (3,500 )    $ (14,326 )    $ 4,194      $ (8,437 ) 

Income from Discontinued Operations Allocable to Participating Securities

      —          —          (33 )      —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (3,500 )    $ (14,326 )    $ 4,161      $ (8,437 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic and Diluted Earnings Per Share:

         

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.11 )    $ (0.19 )    $ (0.01 )    $ (0.09 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ 0.06      $ 0.03      $ 0.06      $ 0.01   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.04 )    $ (0.16 )    $ 0.04      $ (0.09 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted Average Shares Outstanding – Basic and Diluted

      86,575        87,981        93,488        97,738   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

     Year Ended December 31, 2011  
     First
Quarter		     Second
Quarter		     Third
Quarter		     Fourth
Quarter		  

Total Revenues

    $ 79,603      $ 78,801      $ 78,252      $ 79,220   

Equity in Income of Joint Ventures

      36        99        772        73   

Noncontrolling Interest Allocable to Continuing Operations

      849        477        963        794   

Loss from Continuing Operations, Net of Noncontrolling Interest

      (6,208 )      (2,490 )      (10,626 )      (8,647 ) 

Income from Discontinued Operations, Net of Income Tax (Provision) Benefit

      2,674        2,873        6,134        9,265   

Noncontrolling Interest Allocable to Discontinued Operations

      (196 )      (187 )      (360 )      (539 ) 

Gain on Sale of Real Estate, Net of Income Tax Provision

      —       —       918        —  

Noncontrolling Interest Allocable to Gain on Sale of Real Estate

      —       —       (56 )      —  
  

 

 

    

 

 

    

 

 

    

 

 

  

Net (Loss) Income Attributable to First Industrial Realty Trust, Inc.

      (3,730 )      196        (3,990 )      79   

Preferred Dividends

      (4,927 )      (4,947 )      (4,928 )      (4,763 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (8,657 )    $ (4,751 )    $ (8,918 )    $ (4,684 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic and Diluted Earnings Per Share:

         

Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.16 )    $ (0.09 )    $ (0.17 )    $ (0.16 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ 0.04      $ 0.03      $ 0.07      $ 0.10   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net Loss Available to First Industrial Realty Trust, Inc.’s Common Stockholders

    $ (0.12 )    $ (0.06 )    $ (0.10 )    $ (0.05 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Weighted Average Shares Outstanding – Basic and Diluted

      70,639        79,727        85,930        85,941