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Earnings Per Share / Unit (EPS / EPU) (Tables) | 9 Months Ended
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Sep. 30, 2025
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, 2025 |  | Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
Numerator: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 65,269 |  |  | $ | 99,287 |  |  | $ | 168,486 |  |  | $ | 218,971 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Shares - Basic | 132,450 |  |  | 132,370 |  |  | 132,432 |  |  | 132,366 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units (See Note 9) | 54 |  |  | 51 |  |  | 60 |  |  | 43 |
Weighted Average Shares - Diluted | 132,504 |  |  | 132,421 |  |  | 132,492 |  |  | 132,409 |
Basic and Diluted EPS: |  |  |  |  |  |  |
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ | 0.49 |  |  | $ | 0.75 |  |  | $ | 1.27 |  |  | $ | 1.65 |
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, 2025 |  | Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
Numerator: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 67,188 |  |  | $ | 101,864 |  |  | $ | 173,422 |  |  | $ | 224,606 |
Denominator (In Thousands): |  |  |  |  |  |  |
Weighted Average Units - Basic | 135,479 |  |  | 135,099 |  |  | 135,461 |  |  | 135,088 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Performance Units and certain Performance RLP Units (See Note 9) | 441 |  |  | 375 |  |  | 512 |  |  | 303 |
Weighted Average Units - Diluted | 135,920 |  |  | 135,474 |  |  | 135,973 |  |  | 135,391 |
Basic EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.50 |  |  | $ | 0.75 |  |  | $ | 1.28 |  |  | $ | 1.66 |
Diluted EPU: |  |  |  |  |  |  |
Net Income Available to Unitholders | $ | 0.49 |  |  | $ | 0.75 |  |  | $ | 1.28 |  |  | $ | 1.66 |

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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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