v3.26.3
Earnings Per Share / Unit (EPS / EPU)
 9 Months Ended
Sep. 30, 2026
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: 
Three Months Ended September 30, 2026Three Months Ended September 30, 2025Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$58,517 $65,269 $278,613 $168,486 
Denominator (In Thousands):
Weighted Average Shares - Basic132,612 132,450 132,597 132,432 
Effect of Dilutive Securities:
        Performance Units (See Note 9)74 54 68 60 
Weighted Average Shares - Diluted132,686 132,504 132,665 132,492 
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$0.44 $0.49 $2.10 $1.27 
The computation of basic and diluted EPU of the Operating Partnership is presented below:
Three Months Ended September 30, 2026Three Months Ended September 30, 2025Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025
Numerator:
Net Income Available to Unitholders
$60,385 $67,188 $287,612 $173,422 
Denominator (In Thousands):
Weighted Average Units - Basic135,943 135,479 135,931 135,461 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units
(See Note 9)
611 441 576 512 
Weighted Average Units - Diluted136,554 135,920 136,507 135,973 
Basic EPU:
Net Income Available to Unitholders$0.44 $0.50 $2.12 $1.28 
Diluted EPU:
Net Income Available to Unitholders$0.44 $0.49 $2.11 $1.28 
At September 30, 2026 and 2025, participating securities for the Company included 58,893 and 69,105, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At September 30, 2026 and 2025, participating securities for the Operating Partnership included 188,903 and 189,493, respectively, of Service Awards and certain Performance Awards (see Note 9), 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.