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.
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