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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Revenues: |  |  |  |
Rental Income | $ 72,271 | $ 69,886 | $ 144,023 | $ 138,096
Tenant Recoveries and Other Income | 20,744 | 20,603 | 42,459 | 42,359
Total Revenues | 93,015 | 90,489 | 186,482 | 180,455
Expenses: |  |  |  |
Property Expenses | 26,875 | 27,827 | 55,242 | 57,618
General and Administrative | 6,433 | 6,160 | 14,107 | 13,126
Acquisition Costs | 155 | 319 | 219 | 319
Depreciation and Other Amortization | 28,725 | 28,044 | 59,853 | 56,350
Total Expenses | 62,188 | 62,350 | 129,421 | 127,413
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 36,775 | 2,197 | 44,026 | 10,127
Interest Expense | (14,589) | (16,363) | (30,848) | (33,005)
Amortization of Deferred Financing Costs | (782) | (764) | (1,655) | (1,510)
Mark-to-Market and Settlement Gain (Loss) on Interest Rate Protection Agreements | 0 | 1,444 | 0 | (11,546)
Total Other Income (Expense) | 21,404 | (13,486) | 11,523 | (35,934)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision | 52,231 | 14,653 | 68,584 | 17,108
Equity in (Loss) Income of Joint Ventures | 0 | (4) | 0 | 67
Income Tax Provision | (123) | (81) | (181) | (141)
Net Income | 52,108 | 14,568 | 68,403 | 17,034
Less: Net Income Attributable to the Noncontrolling Interest | (1,879) | (556) | (2,486) | (649)
Net Income Available to Common Stockholders/Unitholders and Participating Securities | $ 50,229 | $ 14,012 | $ 65,917 | $ 16,385
Basic and Diluted Earnings Per Share/Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | $ 0.43 | $ 0.13 | $ 0.58 | $ 0.15
Dividends/Distributions Per Share/Unit | $ 0.19 | $ 0.1275 | $ 0.38 | $ 0.2550
Weighted Average Shares/Units Outstanding - Basic | 116,191 | 110,348 | 113,492 | 110,329
Weighted Average Shares/Units Outstanding - Diluted | 116,558 | 110,683 | 113,771 | 110,679
First Industrial, L.P. |  |  |  |
Revenues: |  |  |  |
Rental Income | $ 72,271 | $ 69,886 | $ 144,023 | $ 138,096
Tenant Recoveries and Other Income | 20,744 | 20,603 | 42,459 | 42,359
Total Revenues | 93,015 | 90,489 | 186,482 | 180,455
Expenses: |  |  |  |
Property Expenses | 26,875 | 27,827 | 55,242 | 57,618
General and Administrative | 6,433 | 6,062 | 14,107 | 13,011
Acquisition Costs | 155 | 319 | 219 | 319
Depreciation and Other Amortization | 28,725 | 28,044 | 59,853 | 56,350
Total Expenses | 62,188 | 62,252 | 129,421 | 127,298
Other Income (Expense): |  |  |  |
Gain on Sale of Real Estate | 36,775 | 2,197 | 44,026 | 10,127
Interest Expense | (14,589) | (16,363) | (30,848) | (33,005)
Amortization of Deferred Financing Costs | (782) | (764) | (1,655) | (1,510)
Mark-to-Market and Settlement Gain (Loss) on Interest Rate Protection Agreements | 0 | 1,444 | 0 | (11,546)
Total Other Income (Expense) | 21,404 | (13,486) | 11,523 | (35,934)
Income from Continuing Operations Before Equity in (Loss) Income of Joint Ventures and Income Tax Provision | 52,231 | 14,751 | 68,584 | 17,223
Equity in (Loss) Income of Joint Ventures | 0 | (4) | 0 | 67
Income Tax Provision | (123) | (81) | (181) | (141)
Net Income | 52,108 | 14,666 | 68,403 | 17,149
Less: Net Income Attributable to the Noncontrolling Interest | (60) | (22) | (74) | (48)
Net Income Available to Common Stockholders/Unitholders and Participating Securities | $ 52,048 | $ 14,644 | $ 68,329 | $ 17,101
Basic and Diluted Earnings Per Share/Unit: |  |  |  |
Net Income Available to Common Stockholders / Unitholders | $ 0.43 | $ 0.13 | $ 0.58 | $ 0.15
Dividends/Distributions Per Share/Unit | $ 0.19 | $ 0.1275 | $ 0.38 | $ 0.2550
Weighted Average Shares/Units Outstanding - Basic | 120,486 | 114,712 | 117,791 | 114,697
Weighted Average Shares/Units Outstanding - Diluted | 120,853 | 115,047 | 118,070 | 115,047

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