v3.25.4
Earnings Per Share / Unit (EPS / EPU)
 12 Months Ended
Dec. 31, 2025
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: 
Year Ended December 31, 2025
Year Ended December 31, 2024
Year Ended December 31, 2023
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$247,297 $287,343 $274,584 
Denominator (In Thousands):
Weighted Average Shares - Basic132,446 132,369 132,264 
Effect of Dilutive Securities:
Performance Units (See Note 11)68 47 77 
Weighted Average Shares - Diluted132,514 132,416 132,341 
Basic EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$1.87 $2.17 $2.08 
Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$1.87 $2.17 $2.07 
The computation of basic and diluted EPU of the Operating Partnership is presented below:
Year Ended December 31, 2025
Year Ended December 31, 2024
Year Ended December 31, 2023
Numerator:
Net Income Available to Unitholders$254,550 $294,670 $281,150 
Denominator (In Thousands):
Weighted Average Units - Basic135,466 135,092 134,777 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 11)572 334 472 
Weighted Average Units - Diluted136,038 135,426 135,249 
Basic EPU:
Net Income Available to Unitholders
$1.88 $2.18 $2.09 
Diluted EPU:
Net Income Available to Unitholders
$1.87 $2.18 $2.08 
At December 31, 2025, 2024 and 2023, participating securities for the Company included 68,829, 92,663 and 100,795, respectively, of Service Awards (see Note 11), which participate in non-forfeitable distributions. At December 31, 2025, 2024, and 2023, participating securities for the Operating Partnership included 189,217, 259,957 and 253,955, respectively, of Service Awards and certain Performance Awards (see Note 11), 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.