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Note: The Company frequently uses the non‐GAAP measures of funds from operations (“FFO”), operating funds from operations (“Operating FFO”), earnings before depreciation, amortization and deferred taxes (“EBDT”), comparable net operating income (“NOI”), and measures based on the pro‐rata consolidation method (“pro‐rata”) to explain operating performance and assist investors in evaluating its business. In addition, the Company presents a schedule of components to assist investors in determining the “net asset value” (“NAV”) of the Company and an implied cap rate, also non- GAAP measures. For a more thorough discussion of FFO, Operating FFO, EBDT, NOI, pro‐rata measures, and NAV, including how the Company reconciles these applicable measures to their GAAP counterparts, please refer to the Supplemental Package for the current quarter furnished to the Securities and Exchange Commission (“SEC”) on Form 8‐K, located under the Financial Reports tab, and the Company’s periodic reports on Form 10-Q and Form 10-K filed with the SEC.
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