First Industrial Realty Trust Reports First Quarter 2013 Results

       First Industrial Realty Trust Reports First Quarter 2013 Results

- Occupancy of 89.6%, Up 220 Basis Points from 1Q12

- Same Store NOI Grew 2.4%, Driven by Year-Over-Year Leasing

- Acquired New Sites in Southern California and Houston for Development of
Approximately 900,000 Square Feet; Acquired a 69-Acre Site in Southern
California in 2Q13

- 1Q13 Asset Sales Totaled $11.2 Million Comprised of 0.2 Million Square Feet
and Two Land Parcels; 2Q13 to Date Sales Totaled $20.8 Million Comprised of
0.5 Million Square Feet

- Raised $132 Million Via March Offering of 8.4 Million Shares of Common Stock

- Retired Remaining $100 Million of 7.25% Series J Cumulative Redeemable
Preferred Stock in April

- Common Stock Dividend Re-initiated in 1Q13

PR Newswire

CHICAGO, April 25, 2013

CHICAGO, April 25, 2013 /PRNewswire/ --First Industrial Realty Trust, Inc.
(NYSE: FR), a leading owner and operator of industrial real estate and
provider of supply chain solutions, today announced results for first quarter
2013. Diluted net (loss) available to common stockholders per share (EPS) was
($0.05) in the first quarter, compared to ($0.04) a year ago.

(Logo: http://photos.prnewswire.com/prnh/20040106/FRLOGO)

First Industrial's first quarter FFO was $0.24 per share/unit on a diluted
basis, compared to $0.25 per share/unit a year ago. First quarter 2013
results included a $0.01 per share/unit loss from early retirement of debt.

"We continue to drive incremental cash flow from the leasing opportunities
within our portfolio and further strengthen our balance sheet with our capital
market actions," said Bruce W. Duncan, First Industrial's president and CEO.
"We are also using our platform to create value and enhance our portfolio
through targeted development investments."

Portfolio Performance – First Quarter 2013

  oIn-service occupancy was 89.6% at the end of the quarter, compared to
    89.9% at the end of the fourth quarter 2012, and 87.4% at the end of the
    first quarter of 2012.
  oRetained tenants in 79.7% of square footage up for renewal.
  oSame property cash basis net operating income (NOI) increased 2.4%.
    Including lease termination fees, same property NOI increased 2.3%.
  oRental rates increased 1.2% on a cash basis; leasing costs were $1.88 per
    square foot.

Capital Market Activities and Financial Position

In the first quarter, the Company:

  oIssued 8.4 million shares of its common stock through its March equity
    offering raising approximately $132 million in net proceeds.
  oRepurchased $4.0 million of its 7.60% Notes due 2028.
  oRetired $14.3 million of secured debt with a weighted average interest
    rate of 7.4%.

In the second quarter to date, the Company:

  oRedeemed the remaining $100 million of the 7.25% Series J Cumulative
    Redeemable Preferred Stock. The Company expects to report a loss of $0.03
    per share related to the redemption in the second quarter.
  oRetired $12.0 million of mortgages with a weighted average interest rate
    of 7.4%.

"Our equity offering enabled us to retire preferred stock with a 7.25% coupon,
increasing our fixed charge coverage ratio and reducing our leverage ratios
inclusive of preferred," said Scott Musil, chief financial officer. "Our
balance sheet is well-positioned to support our growth initiatives, and we
will continue to seek opportunities to drive capital costs lower."

Investment and Divestment Activities

In the first quarter, the Company:

  oAcquired a 28-acre land parcel in the Inland Empire of Southern California
    for $6.2 million for the development of the approximately 555,000
    square-foot First 36 Logistics Center @ Moreno Valley. Development is
    expected to begin in the third quarter of 2013 with an estimated total
    investment of $32 million.
  oAcquired a 25-acre land parcel in northwest Houston for $3.1 million for
    future development of a 350,000 square-foot distribution center.
  oCompleted the sale of four industrial properties totaling approximately
    0.2 million square feet and two land parcels for a total of $11.2 million.

In the second quarter of 2013 to date, the Company:

  oAcquired a 69-acre land parcel in the Inland Empire for $16.6 million that
    can accommodate the future development of approximately 1.37 million
    square feet of distribution space.
  oCompleted the sale of three industrial properties totaling approximately
    505,000 square feet for a total of $20.8 million.

Common Stock Dividend Re-initiated in the First Quarter of 2013

As previously announced in the Company's fourth quarter 2012 results press
release, the board of directors re-initiated the Company's common stock
dividend in the first quarter of 2013. The dividend for the quarter ending
March 31, 2013 was $0.085 per share/unit paid on April 15, 2013 to
stockholders of record on March 28, 2013.

Outlook for 2013

Mr. Duncan stated, "We expect demand for industrial space to continue to grow
from both tenants and investors, while new supply is growing at a measured
pace. We are focused on meeting the needs of customers, leasing-up our
existing portfolio and developments, and executing on disciplined investments
for growth."

                                          Low End of        High End of
                                          Guidance for 2013  Guidance for 2013
                                          (Per share/unit)   (Per share/unit)
Net Loss Available to Common Stockholders (0.10)             ---
Add: Real Estate                         1.03               1.03
Depreciation/Amortization
 Non-NAREIT Compliant Loss in    0.03               0.03
1Q13
FFO (NAREIT Definition)                   $0.96              $1.06
Add: Loss from Retirement of Debt Related
to Planned Early Mortgage
 Payoffs and 1Q13 Senior Note       0.02               0.02
Repurchase
 Loss from Redemption of Series J   0.03               0.03
Preferred Stock
FFO Before Loss from Retirement of Debt
and Redemption of Series J Preferred      $1.01              $1.11
Stock

The following assumptions were used:

  oAverage quarter-end in-service occupancy of 90.5% to 92.0%.
  oSame-store NOI of positive 1% to 3% for the full year.
  oJV FFO of approximately $0.5 million.
  oGeneral and administrative expense of approximately $21.5 million to $22.5
    million.
  oGuidance reflects the impact of the redemption of the Series J Preferred
    Stock in 2Q13.
  oGuidance reflects the impact of the secured debt retired in the first
    quarter and second quarter to date, as well as the impact of our plan to
    prepay, prior to maturity, approximately $46 million of additional
    mortgage debt with a weighted average interest rate of approximately
    6.8%.
  oGuidance includes the incremental costs related to the Company's three
    developments in process, plus costs related to First 36 Logistics Center @
    Moreno Valley. In total, the Company expects to capitalize $0.03 per
    share of interest related to these projects in 2013.
  oGuidance reflects the impact of the lease commencementat the First Chino
    Logistics Center in 2Q13.
  oGuidance does not include the impact of:

       oany other future debt repurchases prior to maturity or future debt
         issuances,
       oany other future property sales or investments,
       oany lease-up of the First Bandini Logistics Center or First Logistics
         Center @ I-83 developments in process,
       oany future impairment gains or losses,
       oany future NAREIT-compliant gains, or
       oissuance of additional equity, which the Company may elect to do,
         depending on market conditions.

A number of factors could impact our ability to deliver results in line with
our assumptions, such as interest rates, the economies of North America, the
supply and demand of industrial real estate, the availability and terms of
financing to potential acquirers of real estate, the timing and yields for
divestment and investment, and numerous other variables. There can be no
assurance that First Industrial can achieve such results.

FFO Definition

First Industrial reports FFO in accordance with the NAREIT definition to
provide a comparative measure to other REITs. NAREIT recommends that REITs
define FFO as net income, excluding gains (or losses) from the sale of
previously depreciated property, plus depreciation and amortization, excluding
impairments from previously depreciated assets, and after adjustments for
unconsolidated partnerships and joint ventures.

About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading owner and operator
of industrial real estate and provider of supply chain solutions to
multinational corporations and regional customers. Across major markets in
North America, our local market experts manage, lease, buy, (re)develop, and
sell bulk and regional distribution centers, light industrial, and other
industrial facility types. We have a track record of industry leading
customer service, and in total, we own, manage and have under development
approximately 67.3 million square feet of industrial space as of March 31,
2013. For more information, please visit us at www.firstindustrial.com. We
post or otherwise make available on this website from time to time information
that may be of interest to investors.

Forward-Looking Information

This press release and the presentation to which it refers may contain certain
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, and Section 21E of the Securities Exchange Act of 1934. We intend
for such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995 and are including this statement for purposes of
complying with those safe harbor provisions. Forward-looking statements, which
are based on certain assumptions and describe future plans, strategies and
expectations of the Company, are generally identifiable by use of the words
"believe," "expect," "intend," "plan," "anticipate," "estimate," "project,"
"seek," "target," "potential," "focus," "may," "should" or similar
expressions. Our ability to predict results or the actual effect of future
plans or strategies is inherently uncertain. Factors which could have a
materially adverse effect on our operations and future prospects include, but
are not limited to: changes in national, international, regional and local
economic conditions generally and real estate markets specifically; changes in
legislation/regulation (including changes to laws governing the taxation of
real estate investment trusts) and actions of regulatory authorities
(including the Internal Revenue Service); our ability to qualify and maintain
our status as a real estate investment trust; the availability and
attractiveness of financing (including both public and private capital) to us
and to our potential counterparties; the availability and attractiveness of
terms of additional debt repurchases; interest rates; our credit agency
ratings; our ability to comply with applicable financial covenants;
competition; changes in supply and demand for industrial properties (including
land, the supply and demand for which is inherently more volatile than other
types of industrial property) in the Company's current and proposed market
areas; difficulties in consummating acquisitions and dispositions; risks
related to our investments in properties through joint ventures; environmental
liabilities; slippages in development or lease-up schedules; tenant
creditworthiness; higher-than-expected costs; changes in asset valuations and
related impairment charges; changes in general accounting principles, policies
and guidelines applicable to real estate investment trusts; international
business risks; and those additional factors described under the heading "Risk
Factors" and elsewhere in the Company's annual report on Form 10-K for the
year ended December 31, 2012 and in the Company's subsequent '34 Act reports.
We caution you not to place undue reliance on forward-looking statements,
which reflect our outlook only and speak only as of the date of this press
release or the dates indicated in the statements. We assume no obligation to
update or supplement forward-looking statements. For further information on
these and other factors that could impact the Company and the statements
contained herein, reference should be made to the Company's filings with the
Securities and Exchange Commission.

A schedule of selected financial information is attached.

First Industrial Realty Trust, Inc. (NYSE: FR) will host its quarterly
conference call on Friday, April 26, 2013 at 11:00 a.m. EDT (10:00 a.m. CDT).
The conference call may be accessed by dialing (866) 542-2938, passcode "First
Industrial". The conference call will also be webcast live on the Investor
Relations page of the Company's website at www.firstindustrial.com. The
replay will also be available on the website.

The Company's first quarter supplemental information can be viewed on First
Industrial's website, www.firstindustrial.com, under the "Investor Relations"
tab.



FIRST INDUSTRIAL REALTY TRUST, INC.
Selected Financial Data
(Unaudited)
(In thousands except per share/unit data)
                                              Three Months Ended
                                              March 31,        March 31,
                                              2013             2012
Statement of Operations and Other Data:
 Total Revenues                           $   83,268    $   80,195
 Property Expenses                         (27,930)         (26,190)
 General & Administrative                (6,463)          (5,617)
 Impairment of Real Estate                -                164
 Depreciation of Corporate FF&E           (208)            (300)
 Depreciation and Other Amortization of    (27,099)         (31,709)
Real Estate
 Total Expenses                           (61,700)         (63,652)
 Interest Income                          563              927
 Interest Expense                         (18,963)         (22,693)
 Amortization of Deferred Financing Costs (854)            (875)
 Mark-to-Market (Loss) Gain on Interest    (4)              124
Rate Protection Agreements
 (Loss) Gain from Retirement of Debt      (1,150)          1
 Income (Loss) from Continuing
Operations Before Equity in Income of Joint
Ventures,
 Gain on Change in Control of        1,160            (5,973)
Interests and Income Tax Benefit
 Equity in Income of Joint Ventures (a)   20               91
 Gain on Change in Control of Interests   -                776
 Income Tax Benefit                       62               91
 Income (Loss) from Continuing          1,242            (5,015)
Operations
 Discontinued Operations:
 Income (Loss) Attributable to          447              (129)
Discontinued Operations
 (Loss) Gain on Sale of Real Estate    (3,074)          6,199
 (Loss) Income from Discontinued           (2,627)          6,070
Operations
 (Loss) Income Before Gain on Sale of    (1,385)          1,055
Real Estate
 Gain on Sale of Real Estate              262              -
 Net (Loss) Income                      (1,123)          1,055
 Net Loss Attributable to the              220              207
Noncontrolling Interest
 Net (Loss) Income Attributable to      (903)            1,262
First Industrial Realty Trust, Inc.
 Preferred Dividends                      (3,837)          (4,762)
 Net Loss Available to First Industrial
Realty Trust, Inc.'s
 Common Stockholders and       $    (4,740)  $    (3,500)
Participating Securities
 RECONCILIATION OF NET LOSS AVAILABLE
TO
 FIRST INDUSTRIAL REALTY TRUST, INC.'S
COMMON
 STOCKHOLDERS AND PARTICIPATING
SECURITIES TO FFO (b) AND AFFO (b)
 Net Loss Available to First Industrial
Realty Trust, Inc.'s
 Common Stockholders and       $    (4,740)  $    (3,500)
Participating Securities
 Depreciation and Other Amortization of    27,099           31,709
Real Estate
 Depreciation and Other Amortization of
Real Estate Included in Discontinued          318              1,060
Operations
 Impairment of Depreciated Real Estate    -                (164)
 Impairment of Depreciated Real Estate     -                1,410
Included in Discontinued Operations
 Noncontrolling Interest                  (220)            (207)
 Equity in Dep/Other Amortization of Joint 55               90
Ventures (a)
 Gain on Change in Control of Interests   -                (776)
 Non-NAREIT Compliant Loss (Gain) (b)     3,074            (6,199)
 Non-NAREIT Compliant Gain from Joint      -                (56)
Ventures (a) (b)
 Funds From Operations (NAREIT) ("FFO") $   25,586    $   23,367
(b)
 Loss (Gain) from Retirement of Debt      1,150            (1)
 Restricted Stock/Unit Amortization       1,826            1,099
 Amortization of Debt Discounts /          956              909
(Premiums) and Hedge Costs
 Amortization of Deferred Financing Costs 854              875
 Depreciation of Corporate FF&E           208              300
 Mark-to-Market Loss (Gain) on Interest    4                (124)
Rate Protection Agreements
 Non-Incremental Capital Expenditures     (11,597)         (9,877)
 Straight-Line Rental Income Adjustment   (1,351)          (1,079)
 Adjusted Funds From Operations         $   17,636    $   15,469
("AFFO") (b)

FIRST INDUSTRIAL REALTY TRUST, INC.
Selected Financial Data
(Unaudited)
(In thousands except per share/unit data)
                                           Three Months Ended
                                           March 31,         March 31,
                                           2013              2012
 RECONCILIATION OF NET LOSS
AVAILABLE TO
 FIRST INDUSTRIAL REALTY TRUST,
INC.'S COMMON
 STOCKHOLDERS AND PARTICIPATING
SECURITIES TO EBITDA (b) AND NOI (b)
 Net Loss Available to First
Industrial Realty Trust, Inc.'s
 Common Stockholders and    $    (4,740)   $    (3,500)
Participating Securities
 Interest Expense                      18,963            22,693
 Depreciation and Other Amortization of 27,099            31,709
Real Estate
 Depreciation and Other Amortization of
Real Estate Included in Discontinued       318               1,060
Operations
 Impairment of Depreciated Real Estate -                 (164)
 Impairment of Depreciated Real Estate  -                 1,410
Included in Discontinued Operations
 Preferred Dividends                   3,837             4,762
 Income Tax Benefit                    (62)              (91)
 Noncontrolling Interest               (220)             (207)
 Loss (Gain) from Retirement of Debt   1,150             (1)
 Amortization of Deferred Financing     854               875
Costs
 Depreciation of Corporate FF&E        208               300
 Equity in Dep/Other Amortization of    55                90
Joint Ventures (a)
 Gain on Change in Control of           -                 (776)
Interests
 Non-NAREIT Compliant Loss (Gain) (b)  3,074             (6,199)
 Non-NAREIT Compliant Gain from Joint   -                 (56)
Ventures (a) (b)
 EBITDA (b)                         $   50,536     $   51,905
 General and Administrative            6,463             5,617
 Mark-to-Market Loss (Gain) on Interest 4                 (124)
Rate Protection Agreements
 NAREIT Compliant Economic Gain (b)    (262)             -
 FFO of Joint Ventures (b)             (133)             (201)
 Net Operating Income ("NOI") (b)   $   56,608     $   57,197
 RECONCILIATION OF GAIN ON SALE OF
REAL ESTATE
 TO NAREIT COMPLIANT ECONOMIC GAIN
(b)
 Gain on Sale of Real Estate          $      262   $        -
 (Loss) Gain on Sale of Real Estate     (3,074)           6,199
included in Discontinued Operations
 Non-NAREIT Compliant Loss (Gain) (b)  3,074             (6,199)
 NAREIT Compliant Economic Gain (b) $      262   $        -
Weighted Avg. Number of Shares/Units       105,477           91,811
Outstanding - Basic/Diluted (c)
Weighted Avg. Number of Shares Outstanding 100,774           86,575
- Basic/Diluted (c)
Per Share/Unit Data:
FFO (NAREIT)                            $   25,586     $   23,367
Less: Allocation to Participating         (96)              -
Securities
FFO (NAREIT) Allocable to Common          $   25,490     $   23,367
Stockholders and Unitholders
- Basic/Diluted (c)                    $     0.24   $     0.25
Income (Loss) from Continuing Operations, $    1,504    $    (5,015)
including Gain on Sale of Real Estate
Add: Noncontrolling Interest Allocable to
Continuing Operations and Gain on Sale of  103               551
Real Estate
Less: Preferred Dividends                (3,837)           (4,762)
Less: Allocation to Participating         (36)              -
Securities
Loss from Continuing Operations Available
to First Industrial Realty Trust, Inc.'s   $    (2,266)   $    (9,226)
Common Stockholders
- Basic/Diluted (c)                    $     (0.02)  $     (0.11)
Net Loss Available                      $    (4,740)   $    (3,500)
Less: Allocation to Participating         (36)              -
Securities
Net Loss Available to First Industrial    $    (4,776)   $    (3,500)
Realty Trust, Inc.'s Common Stockholders
- Basic/Diluted (c)                    $     (0.05)  $     (0.04)
Dividends/Distributions                  $    0.085    N/A
Balance Sheet Data (end of period):
 Gross Real Estate Investment         $ 3,116,359      $ 3,070,648
 Real Estate and Other Assets Held    19,000            31,988
For Sale, Net
 Total Assets                         2,628,749         2,640,706
 Debt                                 1,234,365         1,442,321
 Total Liabilities                    1,364,060         1,553,003
 Total Equity                         $ 1,264,689      $ 1,087,703

a) Represents the Company's pro rata share of net income (loss), depreciation
and amortization on real estate and non-NAREIT compliant gain (loss), if
applicable.

b) Investors in, and analysts following, the real estate industry utilize
funds from operations ("FFO"), net operating income ("NOI"), EBITDA and
adjusted funds from operations ("AFFO"), variously defined below, as
supplemental performance measures. While the Company believes net income
(loss) available to First Industrial Realty Trust, Inc.'s common stockholders
and participating securities, as defined by GAAP, is the most appropriate
measure, it considers FFO, NOI, EBITDA and AFFO, given their wide use by, and
relevance to investors and analysts, appropriate supplemental performance
measures. FFO, reflecting the assumption that real estate asset values rise
or fall with market conditions, principally adjusts for the effects of GAAP
depreciation and amortization of real estate assets. NOI provides a measure
of rental operations, and does not factor in depreciation and amortization and
non-property specific expenses such as general and administrative expenses.
EBITDA provides a tool to further evaluate the ability to incur and service
debt and to fund dividends and other cash needs. AFFO provides a tool to
further evaluate the ability to fund dividends. In addition, FFO, NOI, EBITDA
and AFFO are commonly used in various ratios, pricing multiples/yields and
returns and valuation calculations used to measure financial position,
performance and value.

As used herein, the Company calculates FFO to be equal to net income (loss)
available to First Industrial Realty Trust, Inc.'s common stockholders and
participating securities, plus depreciation and other amortization of real
estate, plus or minus impairment of depreciated real estate, minus or plus
non-NAREIT compliant gain (loss). Non-NAREIT compliant gain (loss) results
from the sale of previously depreciated properties and NAREIT complaint
economic gain (loss) results from the sale of properties not previously
depreciated.

NOI is defined as revenues of the Company, minus property expenses such as
real estate taxes, repairs and maintenance, property management, utilities,
insurance and other expenses. NOI includes NOI from discontinued operations.

EBITDA is defined as NOI plus the equity in FFO of the Company's joint
ventures, which are accounted for under the equity method of accounting, plus
or minus NAREIT compliant economic gain (loss), plus or minus mark-to-market
gain or loss on interest rate protection agreements, minus general and
administrative expenses. EBITDA includes EBITDA from discontinued operations.

AFFO is defined as EBITDA minus GAAP interest expense, plus amortization of
debt discounts / (premiums) and hedge costs, minus preferred stock dividends,
minus straight-line rental income, minus provision for income taxes or plus
benefit for income taxes, minus or plus mark-to-market gain or loss on
interest rate protection agreements, plus restricted stock amortization, minus
non-incremental capital expenditures. Non-incremental capital expenditures
are building improvements and leasing costs required to maintain current
revenues.

FFO, NOI, EBITDA and AFFO do not represent cash generated from operating
activities in accordance with GAAP and are not necessarily indicative of cash
available to fund cash needs, including the repayment of principal on debt and
payment of dividends and distributions. FFO, NOI, EBITDA and AFFO should not
be considered as substitutes for net income (loss) available to common
stockholders and participating securities (calculated in accordance with GAAP)
as a measure of results of operations or cash flows (calculated in accordance
with GAAP) as a measure of liquidity. FFO, NOI, EBITDA and AFFO as currently
calculated by the Company may not be comparable to similarly titled, but
variously calculated, measures of other REITs.

In addition, the Company considers cash-basis same store NOI ("SS NOI") to be
a useful supplemental measure of its operating performance. Same store
properties, for the period beginning January 1, 2013, include all properties
owned prior to January 1, 2012 and held as an operating property through the
end of the current reporting period, and developments and redevelopments that
were placed in service or were substantially completed for 12 months prior to
January 1, 2012 (the "Same Store Pool"). The Company defines SS NOI as NOI,
less NOI of properties not in the Same Store Pool, less the impact of
straight-line rent, the amortization of lease inducements and the amortization
of above/below market rent. For the quarters ended March 31, 2013 and March
31, 2012, NOI was $56,608 and $57,197, respectively; NOI of properties not in
the Same Store Pool was $592 and $1,683, respectively; the impact of
straight-line rent, the amortization of lease inducements and the amortization
of above/below market rent was $268 and $1,037, respectively. The Company
excludes straight-line rent, amortization of lease inducements and above/below
market rent in calculating SS NOI because the Company believes it provides a
better measure of actual cash basis rental growth for a year-over-year
comparison. In addition, the Company believes that SS NOI helps the investing
public compare the operating performance of a company's real estate as
compared to other companies. While SS NOI is a relevant and widely used
measure of operating performance of real estate investment trusts, it does not
represent cash flow from operations or net income (loss) as defined by GAAP
and should not be considered as an alternative to those measures in evaluating
our liquidity or operating performance. SS NOI also does not reflect general
and administrative expenses, interest expenses, depreciation and amortization
costs, capital expenditures and leasing costs, or trends in development and
construction activities that could materially impact our results from
operations. Further, the Company's computation of SS NOI may not be comparable
to that of other real estate companies, as they may use different
methodologies for calculating SS NOI.

c) In accordance with GAAP, the diluted weighted average number of
shares/units outstanding and the diluted weighted average number of shares
outstanding are the same as the basic weighted average number of shares/units
outstanding and the basic weighted average number of shares outstanding,
respectively, for periods in which continuing operations is a loss, as the
dilutive effect of stock options and restricted units would be antidilutive to
the loss from continuing operations per share. The Company has conformed with
the GAAP computation of diluted common shares in computing per share amounts
for items included on the Statement of Operations, including FFO and AFFO.

GAAP requires unvested equity based compensation awards that have
nonforfeitable rights to dividends or dividend equivalents (whether paid or
unpaid) to be included in the two class method of the computation of EPS. For
the three months ended March 31, 2013, participating security holders were
allocated income in proportion to the common dividends declared during the
quarter. However, since participating security holders are not obligated to
share in losses, none of the remaining net loss attributable to First
Industrial Realty Trust, Inc. was allocated to participating securities for
the three months ended March 31, 2013 and 2012. The Company conforms the
calculation of FFO and AFFO with the calculation of EPS.

SOURCE First Industrial Realty Trust, Inc.

Website: http://www.firstindustrial.com
Contact: Art Harmon, Senior Director, Investor Relations and Corporate
Communications, 312-344-4320
 
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