XML 35 R81.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net income $ 26,702us-gaap_ProfitLoss $ 41,994us-gaap_ProfitLoss $ 3,628us-gaap_ProfitLoss
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 129,003cube_DepreciationDepletionAndAmortizationCashFlowImpact 117,074cube_DepreciationDepletionAndAmortizationCashFlowImpact 118,573cube_DepreciationDepletionAndAmortizationCashFlowImpact
Gain from sale of real estate (475)cube_GainLossOnSaleOfRealEstateProperties (27,440)cube_GainLossOnSaleOfRealEstateProperties (9,811)cube_GainLossOnSaleOfRealEstateProperties
Gain from remeasurement of investment in real estate venture     (7,023)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Equity compensation expense 1,735us-gaap_ShareBasedCompensation 5,617us-gaap_ShareBasedCompensation 4,550us-gaap_ShareBasedCompensation
Accretion of fair market value adjustment of debt (1,685)us-gaap_AccretionExpense (1,018)us-gaap_AccretionExpense (707)us-gaap_AccretionExpense
Loan procurement amortization expense - early repayment of debt   414us-gaap_WriteOffOfDeferredDebtIssuanceCost  
Changes in other operating accounts:      
Other assets 808us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,156)us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,125)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Restricted cash 411us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 567us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities 3,545us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
Accounts payable and accrued expenses 2,699us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 4,564us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 6,899us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other liabilities 579us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,095us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 154us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 166,032us-gaap_NetCashProvidedByUsedInOperatingActivities 142,862us-gaap_NetCashProvidedByUsedInOperatingActivities 118,428us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Acquisitions of storage facilities (547,515)us-gaap_PaymentsToAcquireRealEstate (181,612)us-gaap_PaymentsToAcquireRealEstate (220,791)us-gaap_PaymentsToAcquireRealEstate
Additions and improvements to storage facilities (19,967)cube_PaymentsForAdditionsAndImprovementsToRealEstate (20,320)cube_PaymentsForAdditionsAndImprovementsToRealEstate (22,395)cube_PaymentsForAdditionsAndImprovementsToRealEstate
Development costs (23,566)us-gaap_PaymentsToDevelopRealEstateAssets (53,979)us-gaap_PaymentsToDevelopRealEstateAssets (4,227)us-gaap_PaymentsToDevelopRealEstateAssets
Cash paid for remaining interest in real estate venture     (81,158)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Investment in real estate venture, at equity   (157,461)us-gaap_PaymentsToAcquireEquityMethodInvestments  
Cash contributed to real estate venture (2,550)us-gaap_DistributionsPayableToRealEstatePartnerships    
Cash distributed from real estate venture 56,896us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships   909us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships
Proceeds from sales of facilities, net 13,475us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 123,780us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment 52,630us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
Proceeds from notes receivable   5,192us-gaap_ProceedsFromSaleOfNotesReceivable  
Change in restricted cash 528us-gaap_IncreaseDecreaseInRestrictedCash 1,476us-gaap_IncreaseDecreaseInRestrictedCash 3,096us-gaap_IncreaseDecreaseInRestrictedCash
Net cash used in investing activities (522,699)us-gaap_NetCashProvidedByUsedInInvestingActivities (282,924)us-gaap_NetCashProvidedByUsedInInvestingActivities (271,936)us-gaap_NetCashProvidedByUsedInInvestingActivities
Proceeds from:      
Unsecured senior notes   247,488us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 249,638us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Revolving credit facility 712,500us-gaap_ProceedsFromLinesOfCredit 636,200us-gaap_ProceedsFromLinesOfCredit 403,000us-gaap_ProceedsFromLinesOfCredit
Unsecured term loans     100,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Mortgage loans and notes payable 0cube_ProceedsFromMortgageLoansAndNotesPayable    
Principal payments on:      
Revolving credit facility (673,100)us-gaap_RepaymentsOfLinesOfCredit (642,600)us-gaap_RepaymentsOfLinesOfCredit (358,000)us-gaap_RepaymentsOfLinesOfCredit
Unsecured term loans   (100,000)us-gaap_RepaymentsOfUnsecuredDebt  
Mortgage loans and notes payable (30,149)cube_PaymentsOfMortgageLoansAndNotesPayable (36,496)cube_PaymentsOfMortgageLoansAndNotesPayable (236,340)cube_PaymentsOfMortgageLoansAndNotesPayable
Loan procurement costs (274)us-gaap_PaymentsOfLoanCosts (4,400)us-gaap_PaymentsOfLoanCosts (2,145)us-gaap_PaymentsOfLoanCosts
Settlement of hedge transactions     (195)us-gaap_PaymentsForHedgeFinancingActivities
Contributions from noncontrolling interests in subsidiaries 642us-gaap_ProceedsFromMinorityShareholders 831us-gaap_ProceedsFromMinorityShareholders  
Cash paid for acquisition of noncontrolling interest     (61,113)cube_PaymentsToAcquireNoncontrollingInterests
Distributions paid to common OP unitholders (75,849)us-gaap_PaymentsOfDividendsCommonStock (59,159)us-gaap_PaymentsOfDividendsCommonStock (39,755)us-gaap_PaymentsOfDividendsCommonStock
Distributions paid to preferred OP unitholders (6,008)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (6,008)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (5,724)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Distributions paid to noncontrolling interest in subsidiaries     (2,686)us-gaap_PaymentsToMinorityShareholders
Net cash provided by financing activities 356,392us-gaap_NetCashProvidedByUsedInFinancingActivities 138,743us-gaap_NetCashProvidedByUsedInFinancingActivities 148,934us-gaap_NetCashProvidedByUsedInFinancingActivities
Change in cash and cash equivalents (275)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,319)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (4,574)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 3,176us-gaap_CashAndCashEquivalentsAtCarryingValue 4,495us-gaap_CashAndCashEquivalentsAtCarryingValue 9,069us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 2,901us-gaap_CashAndCashEquivalentsAtCarryingValue 3,176us-gaap_CashAndCashEquivalentsAtCarryingValue 4,495us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 50,024us-gaap_InterestPaidNet 43,130us-gaap_InterestPaidNet 33,578us-gaap_InterestPaidNet
Supplemental disclosure of noncash activities:      
Accretion Of Liability 8,977cube_AccretionOfLiability    
Consolidation of real estate venture     13,527cube_NoncashOrPartNoncashConsolidationOfRealEstateVenture
Derivative valuation adjustment 2,464us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 8,902us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax (7,271)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Foreign currency translation adjustment (175)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax 56us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax 172us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
Discount on issuance of unsecured senior notes   2,512us-gaap_DebtInstrumentUnamortizedDiscount 362us-gaap_DebtInstrumentUnamortizedDiscount
Mortgage loan assumption - acquisition of storage facilities 27,467us-gaap_LoansAssumed1 8,866us-gaap_LoansAssumed1 107,011us-gaap_LoansAssumed1
CubeSmart, L.P. and Subsidiaries      
Operating Activities      
Net income 26,702us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
41,994us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,628us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 129,003cube_DepreciationDepletionAndAmortizationCashFlowImpact
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
117,074cube_DepreciationDepletionAndAmortizationCashFlowImpact
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
118,573cube_DepreciationDepletionAndAmortizationCashFlowImpact
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain from sale of real estate (475)cube_GainLossOnSaleOfRealEstateProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(27,440)cube_GainLossOnSaleOfRealEstateProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(9,811)cube_GainLossOnSaleOfRealEstateProperties
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain from remeasurement of investment in real estate venture     (7,023)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Equity compensation expense 1,735us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
5,617us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,550us-gaap_ShareBasedCompensation
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Accretion of fair market value adjustment of debt (1,685)us-gaap_AccretionExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,018)us-gaap_AccretionExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(707)us-gaap_AccretionExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Loan procurement amortization expense - early repayment of debt   414us-gaap_WriteOffOfDeferredDebtIssuanceCost
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
 
Equity in losses of real estate venture 6,255us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,151us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
745us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Changes in other operating accounts:      
Other assets 808us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,156)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(2,125)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Restricted cash 411us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
567us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,545us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Accounts payable and accrued expenses 2,699us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,564us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
6,899us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other liabilities 579us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,095us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
154us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash provided by operating activities 166,032us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
142,862us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
118,428us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Investing Activities      
Acquisitions of storage facilities (547,515)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(181,612)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(220,791)us-gaap_PaymentsToAcquireRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Additions and improvements to storage facilities (19,967)cube_PaymentsForAdditionsAndImprovementsToRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(20,320)cube_PaymentsForAdditionsAndImprovementsToRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(22,395)cube_PaymentsForAdditionsAndImprovementsToRealEstate
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Development costs (23,566)us-gaap_PaymentsToDevelopRealEstateAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(53,979)us-gaap_PaymentsToDevelopRealEstateAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(4,227)us-gaap_PaymentsToDevelopRealEstateAssets
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash paid for remaining interest in real estate venture     (81,158)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Investment in real estate venture, at equity   (157,461)us-gaap_PaymentsToAcquireEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
 
Cash contributed to real estate venture (2,550)us-gaap_DistributionsPayableToRealEstatePartnerships
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
   
Cash distributed from real estate venture 56,896us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
  909us-gaap_ProceedsFromDistributionsReceivedFromRealEstatePartnerships
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Proceeds from sales of facilities, net 13,475us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
123,780us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
52,630us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Proceeds from notes receivable   5,192us-gaap_ProceedsFromSaleOfNotesReceivable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
 
Change in restricted cash 528us-gaap_IncreaseDecreaseInRestrictedCash
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,476us-gaap_IncreaseDecreaseInRestrictedCash
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,096us-gaap_IncreaseDecreaseInRestrictedCash
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash used in investing activities (522,699)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(282,924)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(271,936)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Proceeds from:      
Unsecured senior notes   247,488us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
249,638us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Revolving credit facility 712,500us-gaap_ProceedsFromLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
636,200us-gaap_ProceedsFromLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
403,000us-gaap_ProceedsFromLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Unsecured term loans     100,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Principal payments on:      
Revolving credit facility (673,100)us-gaap_RepaymentsOfLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(642,600)us-gaap_RepaymentsOfLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(358,000)us-gaap_RepaymentsOfLinesOfCredit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Unsecured term loans   (100,000)us-gaap_RepaymentsOfUnsecuredDebt
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
 
Mortgage loans and notes payable (30,149)cube_PaymentsOfMortgageLoansAndNotesPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(36,496)cube_PaymentsOfMortgageLoansAndNotesPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(236,340)cube_PaymentsOfMortgageLoansAndNotesPayable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Loan procurement costs (274)us-gaap_PaymentsOfLoanCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(4,400)us-gaap_PaymentsOfLoanCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(2,145)us-gaap_PaymentsOfLoanCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Settlement of hedge transactions     (195)us-gaap_PaymentsForHedgeFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Proceeds from issuance of common OP units 416,006cube_ProceedsFromIssuanceOfGeneralPartnersUnits
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
100,290cube_ProceedsFromIssuanceOfGeneralPartnersUnits
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
102,079cube_ProceedsFromIssuanceOfGeneralPartnersUnits
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Exercise of OP unit options 13,802cube_ProceedsFromUnitOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,710cube_ProceedsFromUnitOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,629cube_ProceedsFromUnitOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Contributions from noncontrolling interests in subsidiaries 642us-gaap_ProceedsFromMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
831us-gaap_ProceedsFromMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
 
Cash paid for acquisition of noncontrolling interest     (61,113)cube_PaymentsToAcquireNoncontrollingInterests
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Distributions paid to common OP unitholders (77,027)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(60,272)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(41,209)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Distributions paid to preferred OP unitholders (6,008)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(6,008)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(5,724)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Distributions paid to noncontrolling interest in subsidiaries     (2,686)us-gaap_PaymentsToMinorityShareholders
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net cash provided by financing activities 356,392us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
138,743us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
148,934us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Change in cash and cash equivalents (275)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,319)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(4,574)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash and cash equivalents at beginning of year 3,176us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,495us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
9,069us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Cash and cash equivalents at end of year 2,901us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
3,176us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
4,495us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 50,024us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
43,130us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
33,578us-gaap_InterestPaidNet
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Supplemental disclosure of noncash activities:      
Accretion Of Liability 8,977cube_AccretionOfLiability
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
   
Consolidation of real estate venture     13,527cube_NoncashOrPartNoncashConsolidationOfRealEstateVenture
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Derivative valuation adjustment 2,464us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
8,902us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(7,271)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Foreign currency translation adjustment (175)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
56us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
172us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Discount on issuance of unsecured senior notes   2,512us-gaap_DebtInstrumentUnamortizedDiscount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
362us-gaap_DebtInstrumentUnamortizedDiscount
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Mortgage loan assumption - acquisition of storage facilities $ 27,467us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 8,866us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 107,011us-gaap_LoansAssumed1
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember