XML 46 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9
RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Derivative financial instruments    
Unrealized losses reclassified from accumulated other comprehensive loss $ 6,300,000us-gaap_DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion  
Amount estimated to be reclassified as an increase to interest expense 5,700,000us-gaap_DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred  
Designated | Cash flow    
Derivative financial instruments    
Notional Amount 400,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (8,299,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(10,763,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Maximum number of days outstanding to have the option to borrow at the LIBOR 30 days  
Designated | Cash flow | Hedge Product, Swap one    
Derivative financial instruments    
Notional Amount 40,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapOneMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.8025%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapOneMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (757,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapOneMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(1,265,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapOneMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap two    
Derivative financial instruments    
Notional Amount 40,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTwoMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.8025%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTwoMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (757,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTwoMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(1,265,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTwoMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap three    
Derivative financial instruments    
Notional Amount 20,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapThreeMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.8025%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapThreeMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (378,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapThreeMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(632,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapThreeMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap four    
Derivative financial instruments    
Notional Amount 75,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFourMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.336%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFourMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (841,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFourMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(1,132,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFourMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap five    
Derivative financial instruments    
Notional Amount 50,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFiveMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.336%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFiveMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (561,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFiveMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(752,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapFiveMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap six    
Derivative financial instruments    
Notional Amount 50,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSixMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.336%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSixMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (561,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSixMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(754,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSixMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap seven    
Derivative financial instruments    
Notional Amount 25,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSevenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 1.3375%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSevenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (281,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSevenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(380,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapSevenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap eight    
Derivative financial instruments    
Notional Amount 40,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapEightMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 2.459%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapEightMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (1,654,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapEightMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(1,820,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapEightMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap nine    
Derivative financial instruments    
Notional Amount 40,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapNineMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 2.4725%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapNineMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value (1,672,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapNineMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(1,842,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapNineMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Designated | Cash flow | Hedge Product, Swap ten    
Derivative financial instruments    
Notional Amount 20,000,000invest_DerivativeNotionalAmount
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Swap, Strike rate (as a percent) 2.475%us-gaap_DerivativeFixedInterestRate
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
 
Fair Value $ (837,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
$ (921,000)us-gaap_DerivativeFairValueOfDerivativeLiability
/ cube_DerivativeInstrumentByHedgingRelationshipAxis
= us-gaap_CashFlowHedgingMember
/ us-gaap_DerivativeInstrumentRiskAxis
= cube_InterestRateSwapTenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember