Company: NSA-PB
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001618563-25-000023
Chunk: 94

Company: National Storage Affiliates Trust
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 94
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.12 0.42 Add real estate depreciation and amortization0.35 0.40 0.70 0.79 Add equity in losses of unconsolidated real estate ventures0.03 0.04 0.07 0.05 Add Company's share of FFO in unconsolidated real estate ventures0.04 0.05 0.08 0.10 Subtract gain on sale of self storage properties(0.07)(0.02)(0.08)(0.54)FFO attributable to subordinated performance unitholders— (0.09)— (0.18)FFO per share and unit0.54 0.61 1.06 1.20 Add acquisition costs— — — 0.01 Add integration and executive severance costs0.01 0.01 0.03 0.01 Core FFO per share and unit$0.55 $0.62 $1.09 $1.22 (1)Adjustment accounts for the difference between the weighted average number of shares used to calculate diluted earnings per share and the weighted average number of shares used to calculate FFO and Core FFO per share and unit. Diluted earnings per share is calculated using the two-class method for the company's restricted common shares and the treasury stock method for certain unvested LTIP units, and assumes the conversion of vested LTIP units into OP units on a one-for-one basis and the hypothetical conversion of subordinated performance units and DownREIT subordinated performance units into OP units, even though such units may have only been convertible into OP units (i) after a lock-out period and (ii) upon certain events or conditions. All outstanding subordinated performance units and DownREIT subordinated performance units were converted into OP units on July 1, 2024, in connection with the internalization of the PRO structure. The computation of weighted average shares and units for FFO and Core FFO per share and unit includes all restricted common shares and LTIP units that participate in distributions and excludes all subordinated performance units and DownREIT subordinated performance units because their effect has been accounted for through the allocation of FFO to the related unitholders based on distributions declared.(2)Represents the effect of adjusting the numerator to consolidated net income (loss) prior to GAAP allocations for noncontrolling interests, after deducting preferred share