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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Storage facilities $ 4,161,715 $ 3,998,180
Less: Accumulated depreciation (752,925) (671,364)
Storage facilities, net (including VIE assets of $291,496 and $208,048, respectively) 3,408,790 3,326,816
Cash and cash equivalents 5,268 2,973
Restricted cash 3,890 7,893
Loan procurement costs, net of amortization 1,592 2,150
Investment in real estate venture, at equity 91,206 98,682
Other assets, net 34,590 36,514
Total assets 3,545,336 3,475,028
LIABILITIES AND EQUITY    
Unsecured senior notes, net 1,142,460 1,039,076
Revolving credit facility 81,700 43,300
Unsecured term loans, net 299,396 398,749
Mortgage loans and notes payable, net 111,434 114,618
Accounts payable, accrued expenses and other liabilities 143,344 93,764
Distributions payable 55,297 49,239
Deferred revenue 21,529 20,226
Security deposits 486 412
Total liabilities 1,855,646 1,759,384
Noncontrolling interests in the Operating Partnership 54,320 54,407
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 182,215,735 and 180,083,111 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively 1,822 1,801
Additional paid in capital 2,356,620 2,314,014
Accumulated other comprehensive loss 3 (1,850)
Accumulated deficit (729,311) (658,583)
Total CubeSmart shareholders' equity 1,629,134 1,655,382
Noncontrolling interests in subsidiaries 6,236 5,855
Total equity 1,635,370 1,661,237
Total liabilities and equity $ 3,545,336 $ 3,475,028