First Industrial 8-K Financial Statements and Exhibits

Exhibit 12.1

FIRST INDUSTRIAL, L.P.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
	Nine Months Ended
	September 30,		Year Ended December 31,
	2005		2004		2003		2002		2001		2000
Income from Continuing Operations	$	16,860	$	44,051	$	36,340	$	65,186	$	99,285	$	93,818
Plus: Interest Expense and Amortization of Deferred Financing Costs		80,531		100,995		96,959		89,297		80,583		82,568
Earnings	$	97,391	$	145,046	$	133,299	$	154,483	$	179,868	$	176,368
Fixed Charges	$	82,894	$	102,299	$	97,720	$	97,089	$	90,533	$	87,771
Ratio of Earnings to Fixed Charges (a)		1.17x		1.42x		1.36x		1.59x		1.99x		2.01x

(a) For purposes of computing the ratios of earnings to fixed charges, earnings have been calculated by adding fixed charges (excluding capitalized interest) to income from continuing operations. Fixed charges consist of interest costs, whether expensed or capitalized and amortization of deferred financing costs.