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Earnings Per Share / Unit (EPS / EPU)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share / Unit (EPS / EPU) Earnings Per Share and Earnings Per Unit ("EPS"/"EPU")
The computation of basic and diluted EPS of the Company is presented below: 
Three Months Ended March 31, 2022Three Months Ended March 31, 2021
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities
$36,258 $62,198 
Net Income Allocable to Participating Securities(31)(61)
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$36,227 $62,137 
Denominator (In Thousands):
Weighted Average Shares - Basic131,811 129,088 
Effect of Dilutive Securities:
        Performance Units (See Note 9)74 84 
Weighted Average Shares - Diluted131,885 129,172 
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$0.27 $0.48 
The computation of basic and diluted EPU of the Operating Partnership is presented below:
Three Months Ended March 31, 2022Three Months Ended March 31, 2021
Numerator:
Net Income Available to Unitholders and Participating Securities
$37,105 $63,565 
Net Income Allocable to Participating Securities(88)(160)
Net Income Available to Unitholders
$37,017 $63,405 
Denominator (In Thousands):
Weighted Average Units - Basic134,073 131,172 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)422 462 
Weighted Average Units - Diluted134,495 131,634 
Basic and Diluted EPU:
Net Income Available to Unitholders
$0.28 $0.48 
At March 31, 2022 and 2021, participating securities for the Company included 125,185 and 150,637, respectively, Service Awards (see Note 9), which participate in non-forfeitable distributions. At March 31, 2022 and 2021, participating securities for the Operating Partnership included 326,473 and 383,320, respectively, Service Awards and certain Performance Awards (see Note 9), which participate in non-forfeitable distributions. Under the two-class method, participating security holders are allocated income, in proportion to total weighted average shares or Units outstanding, based upon the greater of net income or common stock dividends or Unit distributions declared.