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Earnings Per Share / Unit (EPS / EPU) (Tables) | 9 Months Ended
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Sep. 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 September 30, 2020 |  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2019
Numerator: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 35,959 |  |  | $ | 78,311 |  |  | $ | 112,262 |  |  | $ | 141,914 |
Net Income Allocable to Participating Securities | (59) |  |  | (170) |  |  | (177) |  |  | (319) |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 35,900 |  |  | $ | 78,141 |  |  | $ | 112,085 |  |  | $ | 141,595 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 127,903 |  |  | 126,480 |  |  | 127,306 |  |  | 126,295 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units (See Note 9) | 198 |  |  | 303 |  |  | 189 |  |  | 283 |
Weighted Average Shares - Diluted | 128,101 |  |  | 126,783 |  |  | 127,495 |  |  | 126,578 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 0.28 |  |  | $ | 0.62 |  |  | $ | 0.88 |  |  | $ | 1.12 |
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 September 30, 2020 |  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2019
Numerator: |  |  |  |  |  |  |
Net Income Available to Unitholders and Participating Securities | $ | 36,639 |  |  | $ | 79,969 |  |  | $ | 114,450 |  |  | $ | 144,972 |
Net Income Allocable to Participating Securities | (125) |  |  | (249) |  |  | (374) |  |  | (453) |
Net Income Available to Unitholders | $ | 36,514 |  |  | $ | 79,720 |  |  | $ | 114,076 |  |  | $ | 144,519 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units - Basic | 129,914 |  |  | 128,837 |  |  | 129,357 |  |  | 128,829 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units and certain Performance RLP Units (See Note 6) | 380 |  |  | 419 |  |  | 363 |  |  | 390 |
Weighted Average Units - Diluted | 130,294 |  |  | 129,256 |  |  | 129,720 |  |  | 129,219 |
Basic and Diluted EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.28 |  |  | $ | 0.62 |  |  | $ | 0.88 |  |  | $ | 1.12 |

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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://www.xbrl.org/2009/role/commonPracticeRef -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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- Details
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