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.
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