Company: FR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000921825-25-000019
Chunk: 667

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 16
Chunk 667
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21,173)$(504)TotalThe change in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $410 into net income by increasing interest 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 12) 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: Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Numerator:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$287,343 $274,584 $358,786 Denominator (In Thousands):Weighted Average Shares - Basic132,369 132,264 132,024 Effect of Dilutive Securities:        Performance Units (See Note 11)47 77 79 Weighted Average Shares - Diluted132,416 132,341 132,103 Basic EPS:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$2.17 $2.08 $2.72 Diluted EPS:Net Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders$2.17 $2.07 $2.72 The computation of basic and diluted EPU of the Operating Partnership is presented below:Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Numerator:Net Income Available to Unitholders$294,670 $281,150 $366,642 Denominator (In Thousands):Weighted Average Units - Basic135,092 134,777 134,229 Effect of Dilutive Securities that Result in the Issuance of General Partner Units:Performance Units and certain Performance RLP Units (See Note 11)334 472 452 Weighted Average Units - Diluted135,426 135,249 134,681 Basic EPU:Net Income