XML 36 R42.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (unaudited) | The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2013 and all fiscal quarters in 2012 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, 2013
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Total Revenues | $ | 80,698 |  |  | $ | 82,098 |  |  | $ | 81,294 |  |  | $ | 84,136 |
Equity in Income of Joint Ventures | 20 |  |  | 27 |  |  | 72 |  |  | 17 |
Noncontrolling Interest Allocable to Continuing Operations | 128 |  |  | 293 |  |  | 39 |  |  | (67 | )
Income (Loss) from Continuing Operations, Net of Noncontrolling Interest | 1,027 |  |  | (984 | ) |  | 2,592 |  |  | 2,699 |
(Loss) Income from Discontinued Operations | (2,284 | ) |  | 12,639 |  |  | 5,919 |  |  | 19,323 |
Noncontrolling Interest Allocable to Discontinued Operations | 104 |  |  | (538 | ) |  | (246 | ) |  | (797 | )
Gain on Sale of Real Estate, Net of Income Tax | 262 |  |  | — |  |  | 291 |  |  | 337 |
Noncontrolling Interest Allocable to Gain on Sale of Real Estate | (12 | ) |  | — |  |  | (12 | ) |  | (13 | )
Net (Loss) Income Attributable to First Industrial Realty Trust, Inc. | (903 | ) |  | 11,117 |  |  | 8,544 |  |  | 21,549 |
Preferred Dividends | (3,837 | ) |  | (2,277 | ) |  | (1,392 | ) |  | (1,227 | )
Redemption of Preferred Stock | — |  |  | (3,546 | ) |  | (2,121 | ) |  | — |
Net (Loss) Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | (4,740 | ) |  | 5,294 |  |  | 5,031 |  |  | 20,322 |
Income from Continuing Operations Allocable to Participating Securities | (36 | ) |  | — |  |  | — |  |  | (8 | )
Income from Discontinued Operations Allocable to Participating Securities | — |  |  | (42 | ) |  | (42 | ) |  | (82 | )
Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | (4,776 | ) |  | $ | 5,252 |  |  | $ | 4,989 |  |  | $ | 20,232 |
Basic and Diluted Earnings Per Share: |  |  |  |  |  |  |
(Loss) Income from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | (0.03 | ) |  | $ | (0.06 | ) |  | $ | 0.00 |  |  | $ | 0.01 |
(Loss) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | (0.02 | ) |  | $ | 0.11 |  |  | $ | 0.05 |  |  | $ | 0.17 |
Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | (0.05 | ) |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.18 |
Weighted Average Shares – Basic | 100,774 |  |  | 108,117 |  |  | 109,474 |  |  | 109,490 |
LTIP Unit Awards | — |  |  | — |  |  | — |  |  | 485 |
Weighted Average Units —Diluted | 100,774 |  |  | 108,117 |  |  | 109,474 |  |  | 109,975 |
| Year Ended December 31, 2012
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Total Revenues | $ | 77,523 |  |  | $ | 78,946 |  |  | $ | 76,636 |  |  | $ | 81,220 |
Equity in Income of Joint Ventures | 91 |  |  | 37 |  |  | 28 |  |  | 1,403 |
Noncontrolling Interest Allocable to Continuing Operations | 538 |  |  | 1,005 |  |  | 204 |  |  | 487 |
Loss from Continuing Operations, Net of Noncontrolling Interest | (4,396 | ) |  | (12,502 | ) |  | (246 | ) |  | (3,081 | )
Income from Discontinued Operations | 5,989 |  |  | 3,141 |  |  | 5,869 |  |  | 1,164 |
Noncontrolling Interest Allocable to Discontinued Operations | (331 | ) |  | (167 | ) |  | (285 | ) |  | (54 | )
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 to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | (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 | ) |  | $ | (0.02 | ) |  | $ | (0.10 | )
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ | 0.07 |  |  | $ | 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 – Basic and Diluted | 86,575 |  |  | 87,981 |  |  | 93,488 |  |  | 97,738 |

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration