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

12 Months Ended

Dec. 31, 2025

Computation of Basic and Diluted Earnings Per Share / Unit

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 - Basic			132,446						132,369						132,264
Effect of Dilutive Securities:
Performance Units (See Note 11)			68						47						77
Weighted Average Shares - Diluted			132,514						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

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:


			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 - Basic			135,466						135,092						134,777
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units (See Note 11)			572						334						472
Weighted Average Units - Diluted			136,038						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