Company: NSA-PB
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048800
Chunk: 96

Company: National Storage Affiliates Trust
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 96
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 of earnings per share - diluted to FFO and Core FFO per share and unit for the three and nine months ended September 30, 2025 and 2024:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Earnings per share - diluted$0.17 $0.18 $0.46 $1.03 Impact of the difference in weighted average number of shares(1)(0.07)(0.08)(0.19)(0.39)Impact of GAAP accounting for noncontrolling interests, two-class method and treasury stock method(2)0.08 0.08 0.19 0.49 Add real estate depreciation and amortization0.34 0.35 1.04 1.14 Add equity in losses of unconsolidated real estate ventures— 0.03 0.07 0.08 Add Company's share of FFO in unconsolidated real estate ventures0.04 0.05 0.12 0.15 Subtract gain on sale of self storage properties— — (0.08)(0.52)FFO attributable to subordinated performance unitholders— — — (0.17)FFO per share and unit0.56 0.61 1.61 1.81 Add acquisition costs— — 0.01 0.01 Add integration and executive severance costs0.01 0.01 0.04 0.02 Add loss on early extinguishment of debt— — — — Core FFO per share and unit$0.57 $0.62 $1.66 $1.84 (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 (