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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Storage facilities $ 3,260,426 $ 3,117,198
Less: Accumulated depreciation (549,206) (492,069)
Storage facilities, net (including VIE assets of $75,448 and $49,829, respectively) 2,711,220 2,625,129
Cash and cash equivalents 3,167 2,901
Restricted cash 3,229 3,305
Loan procurement costs, net of amortization 11,778 10,653
Investment in real estate venture, at equity 92,371 95,709
Other assets, net 42,188 48,642
Total assets 2,863,953 2,786,339
LIABILITIES AND EQUITY    
Unsecured senior notes 500,000 500,000
Revolving credit facility 161,600 78,000
Unsecured term loans 400,000 400,000
Mortgage loans and notes payable 142,292 195,851
Accounts payable, accrued expenses and other liabilities 81,805 69,198
Distributions payable 28,685 28,137
Deferred revenue 17,141 15,311
Security deposits 403 401
Total liabilities 1,331,926 1,286,898
Noncontrolling interests in the Operating Partnership $ 52,472 $ 49,823
Commitments and contingencies    
Equity    
7.75% Series A Preferred shares $.01 par value, 3,220,000 shares authorized, 3,100,000 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively $ 31 $ 31
Common shares $.01 par value, 400,000,000 shares authorized, 167,438,435 and 163,956,675 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively 1,674 1,639
Additional paid in capital 2,040,861 1,974,308
Accumulated other comprehensive loss (8,378) (8,759)
Accumulated deficit (556,385) (519,193)
Total CubeSmart shareholders' equity 1,477,803 1,448,026
Noncontrolling interests in subsidiaries 1,752 1,592
Total equity 1,479,555 1,449,618
Total liabilities and equity $ 2,863,953 $ 2,786,339