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Investor Presentaiton

Non-GAAP Reconciliations (continued) Three Months Ended September 30, (Unaudited) 2023 2022 Nine Months Ended September 30, (Unaudited) 2023 (1) 2022 (2) FFO (attributable to common stockholders and OP unit holders) Calculation: FFO (attributable to common stockholders) Net income attributable to the noncontrolling interests in our Operating Partnership Adjustment for noncontrolling interests in our Operating Partnership (1) FFO (attributable to common stockholders and OP unit holders) FFO, as adjusted (attributable to common stockholders and OP unit holders) Calculation: FFO, as adjusted (attributable to common stockholders) Net income attributable to the noncontrolling interests in our Operating Partnership Adjustment for noncontrolling interests in our Operating Partnership (1) FFO, as adjusted (attributable to common stockholders and OP unit holders) Weighted average Class A & T shares outstanding basic - Weighted average OP units outstanding Weighted average other dilutive securities Weighted average shares & OP units outstanding-diluted (2) FFO, as adjusted per share & OP unit outstanding - diluted $ 13,023,694 $ 14,882,941 $ 39,303,726 $ 37,249,455 359,862 128,223 1,097,021 2,290,186 1,812,157 1,973,133 5,411,372 3,514,091 $ 15,195,713 $ 16,984,297 $ 45,812,119 $ 43,053,732 $ 12,034,551 $ 14,861,016 $ 38,145,354 $ 43,911,387 359,862 128,223 1,097,021 2,290,186 1,680,791 1,942,180 5,256,819 4,359,818 $ 14,075,204 $ 16,931,419 $ 44,499,194 $ 50,561,391 96,837,584 96,786,669 96,824,500 90,305,337 12,864,174 12,131,585 11,354,513 490,646 102,150,496 479,855 110,181,613 514,316 109,432,570 12,831,077 443,786 110,099,363 $ 0.13 $ 0.15 $ 0.40 $ 0.49 SmartStop Self Storage REIT, Inc. ...The Smarter Way to Store! This represents the portion of the above stated adjustments in the calculations of FFO and FFO, as adjusted, that are attributable to our non-controlling interests. Includes all Class A Shares, Class T Shares and OP Units, as well as the dilutive effect on FFO and FFO, as adjusted of both unvested restricted stock and long term incentive plan units (both time-based units and performance based-units), and is calculated using the two- class, treasury stock or if-converted method, as applicable. The outstanding convertible preferred stock was excluded as the conversion of such shares was antidilutive to FFO and FFO, as adjusted. This excludes Class A-2 OP Units, the conversion of which is contingent on growth in assets under management or other contingent events before being converted to a class of OP Units equivalent to a common share. Investor Presentation | 32
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