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Earnings Per Share / Unit (EPS / EPU) (Tables) | 9 Months Ended
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Sep. 30, 2023
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, 2023 |  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2022
Numerator: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders and Participating Securities | $ | 75,012 |  |  | $ | 123,888 |  |  | $ | 185,615 |  |  | $ | 277,137 |
Net Income Allocable to Participating Securities | (74) |  |  | (124) |  |  | (174) |  |  | (258) |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 74,938 |  |  | $ | 123,764 |  |  | $ | 185,441 |  |  | $ | 276,879 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 132,264 |  |  | 132,092 |  |  | 132,241 |  |  | 131,986 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units (See Note 9) | 75 |  |  | 84 |  |  | 84 |  |  | 71 |
Weighted Average Shares - Diluted | 132,339 |  |  | 132,176 |  |  | 132,325 |  |  | 132,057 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 0.57 |  |  | $ | 0.94 |  |  | $ | 1.40 |  |  | $ | 2.10 |
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, 2023 |  | Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2022
Numerator: |  |  |  |  |  |  |
Net Income Available to Unitholders and Participating Securities | $ | 76,917 |  |  | $ | 126,789 |  |  | $ | 190,334 |  |  | $ | 283,313 |
Net Income Allocable to Participating Securities | (199) |  |  | (307) |  |  | (478) |  |  | (664) |
Net Income Available to Unitholders | $ | 76,718 |  |  | $ | 126,482 |  |  | $ | 189,856 |  |  | $ | 282,649 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units - Basic | 134,704 |  |  | 134,282 |  |  | 134,697 |  |  | 134,212 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units and certain Performance RLP Units (See Note 9) | 462 |  |  | 479 |  |  | 517 |  |  | 404 |
Weighted Average Units - Diluted | 135,166 |  |  | 134,761 |  |  | 135,214 |  |  | 134,616 |
Basic EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.57 |  |  | $ | 0.94 |  |  | $ | 1.41 |  |  | $ | 2.11 |
Diluted EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.57 |  |  | $ | 0.94 |  |  | $ | 1.40 |  |  | $ | 2.10 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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