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CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | $ 54,407 |
Contributions from noncontrolling interests in subsidiaries | 410 |
Adjustment for Operating Partnership interests of third parties | 1,385 | $ (6,073)
Net income (loss) | 24,929 | 15,683
Other comprehensive income (loss), net | 827 | (324)
Balance of Noncontrolling Interests in the Operating Partnership | 52,735 |
Noncontrolling Interests in Operating Partnership |  |
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | 54,407 | 66,128
Adjustment for Operating Partnership interests of third parties | (1,385) | 6,073
Net income (loss) | 277 | 172
Other comprehensive income (loss), net | 9 | (4)
Balance of Noncontrolling Interests in the Operating Partnership | 52,735 | 71,916
CubeSmart, L.P. and Subsidiaries |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 1,661,237 | 1,644,853
Balance of Noncontrolling Interests in the Operating Partnership | 54,407 |
Contributions from noncontrolling interests in subsidiaries | 410 |
Issuance of common OP units | (73) | 62,890
Issuance of restricted OP units | 1 | 1
Conversion from OP units to shares | 25 |
Exercise of OP unit options | 30 | 5,887
Amortization of restricted OP units | (1,021) | (712)
OP unit compensation expense | 375 | 304
Adjustment for Operating Partnership interests of third parties | 1,385 | (6,073)
Net income (loss) | 24,929 | 15,683
Other comprehensive income (loss), net | 827 | (324)
Preferred OP unit distributions |  | (1,502)
Common OP unit distributions | (48,707) | (37,255)
Balance | 1,639,418 | 1,683,752
Balance of Noncontrolling Interests in the Operating Partnership | 52,735 |
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in Operating Partnership |  |
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | 54,407 | 66,128
Conversion from OP units to shares | (25) |
Adjustment for Operating Partnership interests of third parties | (1,385) | 6,073
Net income (loss) | 277 | 172
Other comprehensive income (loss), net | 9 | (4)
Common OP unit distributions | (548) | (453)
Balance of Noncontrolling Interests in the Operating Partnership | 52,735 | 71,916
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 1,655,382 | 1,643,327
Issuance of common OP units | (73) | 62,890
Issuance of restricted OP units | 1 | 1
Conversion from OP units to shares | 25 |
Exercise of OP unit options | 30 | 5,887
Amortization of restricted OP units | (1,021) | (712)
OP unit compensation expense | 375 | 304
Adjustment for Operating Partnership interests of third parties | 1,385 | (6,073)
Net income (loss) | 24,986 | 15,750
Other comprehensive income (loss), net | 827 | (324)
Preferred OP unit distributions |  | (1,502)
Common OP unit distributions | (48,707) | (37,255)
Balance | 1,633,210 | 1,682,293
CubeSmart, L.P. and Subsidiaries | Operating Partner |  |
Increase (Decrease) in Partners' Capital |  |
Balance | $ 1,657,232 | $ 1,648,305
Balance (in units) | 180,083 | 174,668
Issuance of common OP units | $ (73) | $ 62,890
Issuance of common OP units (in units) |  | 2,023
Issuance of restricted OP units | $ 1 | $ 1
Issuance of restricted OP units (in units) | 88 | 106
Conversion from OP units to shares | $ 25 |
Conversion from OP units to shares (in units) | 1 |
Exercise of OP unit options | $ 30 | $ 5,887
Exercise of OP unit options (in units) | 2 | 330
Amortization of restricted OP units | $ (1,021) | $ (712)
OP unit compensation expense | 375 | 304
Adjustment for Operating Partnership interests of third parties | 1,385 | (6,073)
Net income (loss) | 24,986 | 15,750
Preferred OP unit distributions |  | (1,502)
Common OP unit distributions | (48,707) | (37,255)
Balance | $ 1,634,233 | $ 1,687,595
Balance (in units) | 180,174 | 177,127
CubeSmart, L.P. and Subsidiaries | Preferred Operating Partner |  |
Increase (Decrease) in Partners' Capital |  |
Balance (in units) |  | 3,100
Balance (in units) |  | 3,100
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive (Loss) Income |  |
Increase (Decrease) in Partners' Capital |  |
Balance | $ (1,850) | $ (4,978)
Other comprehensive income (loss), net | 827 | (324)
Balance | (1,023) | (5,302)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 5,855 | 1,526
Contributions from noncontrolling interests in subsidiaries | 410 |
Net income (loss) | (57) | (67)
Balance | $ 6,208 | $ 1,459

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