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Earnings Per Share / Unit (EPS / EPU) (Tables) | 6 Months Ended
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Jun. 30, 2020
Computation of Basic and Diluted Earnings Per Share / Unit | The computation of basic and diluted EPS of the Company is presented below:
| Three Months Ended June 30, 2020 |  | Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2020 |  | Six Months Ended June 30, 2019
Numerator: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 35,669 |  |  | $ | 39,800 |  |  | $ | 76,303 |  |  | $ | 63,603 |
Net Income Allocable to Participating Securities | (59) |  |  | (89) |  |  | (118) |  |  | (149) |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 35,610 |  |  | $ | 39,711 |  |  | $ | 76,185 |  |  | $ | 63,454 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 127,074 |  |  | 126,206 |  |  | 127,004 |  |  | 126,200 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units (See Note 9) | 192 |  |  | 283 |  |  | 185 |  |  | 272 |
Weighted Average Shares - Diluted | 127,266 |  |  | 126,489 |  |  | 127,189 |  |  | 126,472 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 0.28 |  |  | $ | 0.31 |  |  | $ | 0.60 |  |  | $ | 0.50 |
First Industrial, L.P. |
Computation of Basic and Diluted Earnings Per Share / Unit | The computation of basic and diluted EPU of the Operating Partnership is presented below:
| Three Months Ended June 30, 2020 |  | Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2020 |  | Six Months Ended June 30, 2019
Numerator: |  |  |  |  |  |  |
Net Income Available to Unitholders and Participating Securities | $ | 36,332 |  |  | $ | 40,689 |  |  | $ | 77,811 |  |  | $ | 65,003 |
Net Income Allocable to Participating Securities | (125) |  |  | (128) |  |  | (249) |  |  | (204) |
Net Income Available to Unitholders | $ | 36,207 |  |  | $ | 40,561 |  |  | $ | 77,562 |  |  | $ | 64,799 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units - Basic | 129,081 |  |  | 128,831 |  |  | 129,075 |  |  | 128,824 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units and certain Performance RLP Units (See Note 6) | 380 |  |  | 390 |  |  | 355 |  |  | 375 |
Weighted Average Units - Diluted | 129,461 |  |  | 129,221 |  |  | 129,430 |  |  | 129,199 |
Basic and Diluted EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.28 |  |  | $ | 0.31 |  |  | $ | 0.60 |  |  | $ | 0.50 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Details
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