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Earnings Per Share / Unit (EPS / EPU) (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022						Three 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 - Basic			131,811						129,088
Effect of Dilutive Securities:
Performance Units (See Note 9)			74						84
Weighted Average Shares - Diluted			131,885						129,172
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders			$	0.27					$	0.48

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 March 31, 2022						Three 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 - Basic			134,073						131,172
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 9)			422						462
Weighted Average Units - Diluted			134,495						131,634
Basic and Diluted EPU:
Net Income Available to Unitholders			$	0.28					$	0.48