v3.26.1
Earnings Per Share / Unit (EPS / EPU)
 3 Months Ended
Mar. 31, 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 March 31, 2026Three Months Ended March 31, 2025
Numerator:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$143,038 $48,067 
Denominator (In Thousands):
Weighted Average Shares - Basic132,573 132,415 
Effect of Dilutive Securities:
        Performance Units (See Note 9)67 78 
Weighted Average Shares - Diluted132,640 132,493 
Basic and Diluted EPS:
Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders
$1.08 $0.36 
The computation of basic and diluted EPU of the Operating Partnership is presented below:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Numerator:
Net Income Available to Unitholders
$147,687 $49,462 
Denominator (In Thousands):
Weighted Average Units - Basic135,915 135,440 
Effect of Dilutive Securities:
Performance Units and certain Performance RLP Units
(See Note 9)
578 675 
Weighted Average Units - Diluted136,493 136,115 
Basic EPU:
Net Income Available to Unitholders$1.09 $0.37 
Diluted EPU:
Net Income Available to Unitholders$1.08 $0.36 
At March 31, 2026 and 2025, participating securities for the Company included 69,739 and 94,445, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At March 31, 2026 and 2025, participating securities for the Operating Partnership included 197,868 and 215,313, 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.