Company: FR
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0000921825-25-000039
Chunk: 47

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 expense for derivative instruments we settled in previous periods. Additionally, recurring settlement amounts on the 2021 Swaps, the 2022 Swaps and the 2022 II Swaps (all defined in Note 10) will also be reclassified to net income. 

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8. 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, 2025Three Months Ended March 31, 2024Numerator:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$48,067 $68,407 Denominator (In Thousands):Weighted Average Shares - Basic132,415 132,360 Effect of Dilutive Securities:        Performance Units (See Note 9)78 46 Weighted Average Shares - Diluted132,493 132,406 Basic and Diluted EPS:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$0.36 $0.52 The computation of basic and diluted EPU of the Operating Partnership is presented below:Three Months Ended March 31, 2025Three Months Ended March 31, 2024Numerator:Net Income Available to Unitholders$49,462 $70,145 Denominator (In Thousands):Weighted Average Units - Basic135,440 135,068 Effect of Dilutive Securities:Performance Units and certain Performance RLP Units(See Note 9)675 319 Weighted Average Units - Diluted136,115 135,387 Basic EPU:Net Income Available to Unitholders$0.37 $0.52 Diluted EPU:Net Income Available to Unitholders$0.36 $0.52 At March 31, 2025 and 2024, participating securities for the Company included 94,445 and 102,704, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At March 31, 2025 and 2024, participating securities for the Operating Partnership included 215,313 and 271,001, 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