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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Storage facilities $ 4,020,366 $ 3,998,180
Less: Accumulated depreciation (693,146) (671,364)
Storage facilities, net (including VIE assets of $229,699 and $208,048, respectively) 3,327,220 3,326,816
Cash and cash equivalents 3,081 2,973
Restricted cash 6,556 7,893
Loan procurement costs, net of amortization 2,038 2,150
Investment in real estate venture, at equity 95,936 98,682
Other assets, net 31,284 36,514
Total assets 3,466,115 3,475,028
LIABILITIES AND EQUITY    
Unsecured senior notes, net 1,039,423 1,039,076
Revolving credit facility 53,000 43,300
Unsecured term loans, net 398,890 398,749
Mortgage loans and notes payable, net 107,647 114,618
Accounts payable, accrued expenses and other liabilities 104,200 93,764
Distributions payable 49,255 49,239
Deferred revenue 21,132 20,226
Security deposits 415 412
Total liabilities 1,773,962 1,759,384
Noncontrolling interests in the Operating Partnership 52,735 54,407
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 180,173,982 and 180,083,111 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 1,802 1,801
Additional paid in capital 2,313,350 2,314,014
Accumulated other comprehensive loss (1,023) (1,850)
Accumulated deficit (680,919) (658,583)
Total CubeSmart shareholders' equity 1,633,210 1,655,382
Noncontrolling interests in subsidiaries 6,208 5,855
Total equity 1,639,418 1,661,237
Total liabilities and equity $ 3,466,115 $ 3,475,028