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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Rental income $ 69,618 $ 57,317
Other property related income 7,694 5,775
Property management fee income 1,145 1,020
Total revenues 78,457 64,112
OPERATING EXPENSES    
Property operating expenses 30,821 25,943
Depreciation and amortization 29,832 25,083
General and administrative 7,613 6,444
Total operating expenses 68,266 57,470
OPERATING INCOME 10,191 6,642
Interest:    
Interest expense on loans (10,367) (9,321)
Loan procurement amortization expense (476) (771)
Acquisition related costs (115) (551)
Equity in losses of real estate ventures   (251)
Other (73) (71)
Total other expense (11,031) (10,965)
LOSS FROM CONTINUING OPERATIONS (840) (4,323)
DISCONTINUED OPERATIONS    
Income from discontinued operations 184 1,065
Gain of disposition of discontinued operations 228  
Total discontinued operations 412 1,065
NET LOSS (428) (3,258)
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 1 (734)
Distribution to Preferred Units (1,502) (1,502)
NET LOSS ATTRIBUTABLE TO THE COMPANY's COMMON SHAREHOLDERS (1,894) (5,345)
Weighted-average basic and diluted shares outstanding (in units) 132,951 122,266
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS    
Loss from continuing operations (2,299) (6,384)
Total discontinued operations 405 1,039
Net loss (1,894) (5,345)
CubeSmart, L.P. and Subsidiaries
   
REVENUES    
Rental income 69,618 57,317
Other property related income 7,694 5,775
Property management fee income 1,145 1,020
Total revenues 78,457 64,112
OPERATING EXPENSES    
Property operating expenses 30,821 25,943
Depreciation and amortization 29,832 25,083
General and administrative 7,613 6,444
Total operating expenses 68,266 57,470
OPERATING INCOME 10,191 6,642
Interest:    
Interest expense on loans (10,367) (9,321)
Loan procurement amortization expense (476) (771)
Acquisition related costs (115) (551)
Equity in losses of real estate ventures   (251)
Other (73) (71)
Total other expense (11,031) (10,965)
LOSS FROM CONTINUING OPERATIONS (840) (4,323)
DISCONTINUED OPERATIONS    
Income from discontinued operations 184 1,065
Gain of disposition of discontinued operations 228  
Total discontinued operations 412 1,065
NET LOSS (428) (3,258)
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 1 (734)
NET LOSS ATTRIBUTABLE TO CUBESMART L.P. (427) (3,992)
Operating Partnership interest of third parties 35 149
NET LOSS ATTRIBUTABLE TO OPERATING PARTNER (392) (3,843)
Distribution to Preferred Units (1,502) (1,502)
NET LOSS ATTRIBUTABLE TO THE COMPANY's COMMON SHAREHOLDERS (1,894) (5,345)
Basic and diluted loss per unit from continuing operations attributable to common unitholders (in dollars per unit) $ (0.02) $ (0.05)
Basic and diluted earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit) $ 0.01 $ 0.01
Basic and diluted loss per unit attributable to common unitholders (in dollars per unit) $ (0.01) $ (0.04)
Weighted-average basic and diluted shares outstanding (in units) 132,951 122,266
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS    
Loss from continuing operations (2,299) (6,384)
Total discontinued operations 405 1,039
Net loss $ (1,894) $ (5,345)