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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 135,611 $ 88,376 $ 78,756
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 148,319 164,442 154,113
Equity in losses of real estate ventures 1,386 2,662 411
Gain from sale of real estate, net     (17,567)
Equity compensation expense 5,586 4,850 3,722
Accretion of fair market value adjustment of debt (559) (1,138) (1,429)
Changes in other operating accounts:      
Restricted cash (60) 591 743
Other assets (8,845) (3,930) (2,519)
Accounts payable and accrued expenses 10,846 7,862 (438)
Other liabilities 1,154 1,449 1,480
Net cash provided by operating activities 293,438 265,164 217,272
Investing Activities      
Acquisitions of storage facilities (69,629) (366,666) (275,726)
Additions and improvements to storage facilities (28,962) (30,971) (24,695)
Development costs (64,659) (143,713) (81,315)
Investment in real estate venture, at equity (301) (12,176) (8,433)
Cash distributed from real estate ventures 15,784 8,113 6,451
Proceeds from sale of real estate, net     9,041
Fundings of notes receivable     (4,100)
Proceeds from notes receivable     4,100
Change in restricted cash (57) 942 69
Net cash used in investing activities (147,824) (544,471) (374,608)
Proceeds from:      
Unsecured senior notes 103,192 298,512 249,338
Revolving credit facility 628,400 958,200 731,320
Principal payments on:      
Revolving credit facility (590,000) (914,900) (809,320)
Unsecured term loans (100,000)    
Mortgage loans and notes payable (8,666) (37,260) (84,905)
Loan procurement costs (953) (2,467) (4,433)
Acquisition of noncontrolling interest in subsidiary (9,033)    
Cash paid upon vesting of restricted OP units (2,046) (1,638) (1,567)
Redemption of preferred units   (77,574)  
Contributions from noncontrolling interests in subsidiaries 1,058 4,799 178
Distributions paid to noncontrolling interests in subsidiaries     (319)
Distributions paid to common OP unitholders (195,006) (149,280) (107,093)
Distributions paid to preferred OP unitholders   (6,545) (6,008)
Net cash (used in) provided by financing activities (143,319) 219,411 217,304
Cash paid for acquisition of noncontrolling interest (9,033)    
Change in cash and cash equivalents 2,295 (59,896) 59,968
Cash and cash equivalents at beginning of period 2,973 62,869 2,901
Cash and cash equivalents at end of period 5,268 2,973 62,869
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 63,407 53,085 46,216
Supplemental disclosure of noncash activities:      
Restricted cash - acquisition of storage facilities   (22,019) (14,353)
Restricted cash - disposition of real estate     36,372
Accretion of liability 35,122 31,426 16,929
Derivative valuation adjustment 1,875 3,165 2,854
Foreign currency translation adjustment     (249)
Discount on issuance of unsecured senior notes   1,488 662
Mortgage loan assumptions 6,201 41,513 2,695
Preferred unit redemption   2,863  
Issuance of OP units 12,324    
Liability for acquisition of storage property 1,470    
Contribution of storage property to real estate venture 9,400    
CubeSmart, L.P. and Subsidiaries      
Operating Activities      
Net income 135,611 88,376 78,756
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 148,319 164,442 154,113
Equity in losses of real estate ventures 1,386 2,662 411
Gain from sale of real estate, net     (17,567)
Equity compensation expense 5,586 4,850 3,722
Accretion of fair market value adjustment of debt (559) (1,138) (1,429)
Changes in other operating accounts:      
Restricted cash (60) 591 743
Other assets (8,845) (3,930) (2,519)
Accounts payable and accrued expenses 10,846 7,862 (438)
Other liabilities 1,154 1,449 1,480
Net cash provided by operating activities 293,438 265,164 217,272
Investing Activities      
Acquisitions of storage facilities (69,629) (366,666) (275,726)
Additions and improvements to storage facilities (28,962) (30,971) (24,695)
Development costs (64,659) (143,713) (81,315)
Investment in real estate venture, at equity (301) (12,176) (8,433)
Cash distributed from real estate ventures 15,784 8,113 6,451
Proceeds from sale of real estate, net     9,041
Fundings of notes receivable     (4,100)
Proceeds from notes receivable     4,100
Change in restricted cash (57) 942 69
Net cash used in investing activities (147,824) (544,471) (374,608)
Proceeds from:      
Unsecured senior notes 103,192 298,512 249,338
Revolving credit facility 628,400 958,200 731,320
Principal payments on:      
Revolving credit facility (590,000) (914,900) (809,320)
Unsecured term loans (100,000)    
Mortgage loans and notes payable (8,666) (37,260) (84,905)
Loan procurement costs (953) (2,467) (4,433)
Acquisition of noncontrolling interest in subsidiary (9,033)    
Proceeds from issuance of common OP units 29,643 136,122 234,062
Cash paid upon vesting of restricted OP units (2,046) (1,638) (1,567)
Redemption of preferred units   (77,574)  
Exercise of OP unit options 2,364 13,283 17,489
Contributions from noncontrolling interests in subsidiaries (1,058) (4,799) (178)
Distributions paid to noncontrolling interests in subsidiaries     (319)
Distributions paid to common OP unitholders (197,278) (151,121) (108,531)
Distributions paid to preferred OP unitholders   (6,545) (6,008)
Net cash (used in) provided by financing activities (143,319) 219,411 217,304
Cash paid for acquisition of noncontrolling interest (9,033)    
Change in cash and cash equivalents 2,295 (59,896) 59,968
Cash and cash equivalents at beginning of period 2,973 62,869 2,901
Cash and cash equivalents at end of period 5,268 2,973 62,869
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 63,407 53,085 46,216
Supplemental disclosure of noncash activities:      
Restricted cash - acquisition of storage facilities   (22,019) (14,353)
Restricted cash - disposition of real estate     36,372
Accretion of liability 35,122 31,426 16,929
Derivative valuation adjustment 1,875 3,165 2,854
Foreign currency translation adjustment     (249)
Discount on issuance of unsecured senior notes   1,488 662
Mortgage loan assumptions 6,201 41,513 $ 2,695
Preferred unit redemption   $ 2,863  
Issuance of OP units 12,324    
Liability for acquisition of storage property 1,470    
Contribution of storage property to real estate venture $ 9,400