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Investor Presentaiton

Reconciliation: Net Income (Loss) to Adjusted EBITDA: Trailing 5 Quarters Net income Adjustments: 2023 Q3 $2,978,726 2023 Q2 $4,279,354 2023 Q1 $2,032,600 2022 Q4 $2,140,347 2022 Q3 $2,246,524 Interest expense and net loss on extinguishment of debt 15,925,440 14,904,549 Tax related expense (1) (835,017) Depreciation and amortization 15,158,929 Adjustments to reflect EBITDA related to our 1,674,624 69,877 15,211,613 1,563,384 14,703,897 416,032 15,191,976 1,374,803 13,330,885 211,533 15,240,734 1,110,745 11,752,656 16,766 18,070,850 1,014,257 unconsolidated entities Contingent earnout expense (2) 200,626 Acquisition expenses (3 Equity based compensation expense 75,933 1,459,176 11,106 1,513,235 31,190 1,106,113 107,325 77,813 925,619 925,620 Offering related expenses 319,942 95,243 Casualty loss due to hurricane Adjusted EBITDA 311,326 350,000 $36,437,811 $37,553,118 $34,856,611 $33,698,456 $34,750,355 SmartStop Self Storage REIT, Inc. ...The Smarter Way to Store! (1) Tax related expense consists primarily of adjustments to deferred tax liabilities, state, federal, and Canadian income tax, as well as state franchise taxes. (2) The contingent earnout adjustment represents the adjustment to the fair value of the Class A-2 Units issued in connection with the self administration transaction. (3) This represents acquisition expenses associated with investments in real estate that were incurred prior to the acquisitions becoming probable and therefore not capitalized in accordance with our capitalization policy. Investor Presentation | 33
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