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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Rental income $ 117,057 $ 104,997
Other property related income 12,983 11,763
Property management fee income 2,997 2,111
Total revenues 133,037 118,871
OPERATING EXPENSES    
Property operating expenses 44,874 40,219
Depreciation and amortization 38,119 39,356
General and administrative 9,494 8,228
Acquisition related costs 159 2,342
Total operating expenses 92,646 90,145
OPERATING INCOME 40,391 28,726
Interest:    
Interest expense on loans (13,599) (12,084)
Loan procurement amortization expense (706) (605)
Equity in losses of real estate ventures (772) (512)
Other (108) 330
Total other expense (15,185) (12,871)
NET INCOME 25,206 15,855
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 57 67
Operating Partnership interests of third parties (277) (172)
Distribution to preferred unitholders   (1,502)
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 24,986 $ 14,248
Diluted - as reported (in dollars per share) $ 0.14 $ 0.08
Weighted-average basic units outstanding (in units) 180,165 175,798
Weighted-average diluted units outstanding (in units) 181,265 177,261
CubeSmart, L.P. and Subsidiaries    
REVENUES    
Rental income $ 117,057 $ 104,997
Other property related income 12,983 11,763
Property management fee income 2,997 2,111
Total revenues 133,037 118,871
OPERATING EXPENSES    
Property operating expenses 44,874 40,219
Depreciation and amortization 38,119 39,356
General and administrative 9,494 8,228
Acquisition related costs 159 2,342
Total operating expenses 92,646 90,145
OPERATING INCOME 40,391 28,726
Interest:    
Interest expense on loans (13,599) (12,084)
Loan procurement amortization expense (706) (605)
Equity in losses of real estate ventures (772) (512)
Other (108) 330
Total other expense (15,185) (12,871)
NET INCOME 25,206 15,855
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 57 67
NET INCOME (LOSS) ATTRIBUTABLE TO CUBESMART L.P. 25,263 15,922
Operating Partnership interests of third parties (277) (172)
NET INCOME ATTRIBUTABLE TO OPERATING PARTNER 24,986 15,750
Distribution to preferred unitholders   (1,502)
NET INCOME ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS $ 24,986 $ 14,248
Basic earnings per unit attributable to common unitholders $ 0.14 $ 0.08
Diluted - as reported (in dollars per share) $ 0.14 $ 0.08
Weighted-average basic units outstanding (in units) 180,165 175,798
Weighted-average diluted units outstanding (in units) 181,265 177,261