Company: FR
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0000921825-25-000074
Chunk: 56

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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,146 $51,277 $103,213 $119,684 Denominator (In Thousands):Weighted Average Shares - Basic132,431 132,368 132,423 132,364 Effect of Dilutive Securities:        Performance Units (See Note 9)48 31 63 38 Weighted Average Shares - Diluted132,479 132,399 132,486 132,402 Basic and Diluted EPS:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$0.42 $0.39 $0.78 $0.90 The computation of basic and diluted EPU of the Operating Partnership is presented below:Three Months Ended June 30, 2025Three Months Ended June 30, 2024Six Months Ended June 30, 2025Six Months Ended June 30, 2024Numerator:Net Income Available to Unitholders$56,762 $52,597 $106,224 $122,742 Denominator (In Thousands):Weighted Average Units - Basic135,464 135,096 135,452 135,082 Effect of Dilutive Securities:Performance Units and certain Performance RLP Units(See Note 9)421 217 548 268 Weighted Average Units - Diluted135,885 135,313 136,000 135,350 Basic and Diluted EPU:Net Income Available to Unitholders$0.42 $0.39 $0.78 $0.91 At June 30, 2025 and 2024, participating securities for the Company included 83,358 and 105,249, respectively, of Service Awards (see Note 9), which participate in non-forfeitable distributions. At June 30, 2025 and 2024, participating securities for the Operating Partnership included 203,746 and 272,287, 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.

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9. Long-Term Compensation  

Awards with Performance MeasuresDuring the six months ended June 30, 2025, 37,435 performance units ("Performance Units