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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Storage properties $ 4,716,549 $ 4,699,844
Less: Accumulated depreciation (944,958) (925,359)
Storage properties, net (including VIE assets of $100,143 and $92,612, respectively) 3,771,591 3,774,485
Cash and cash equivalents 35,719 54,857
Restricted cash 2,760 3,584
Loan procurement costs, net of amortization 3,834 4,059
Investment in real estate ventures, at equity 95,174 91,117
Other assets, net 93,684 101,443
Total assets 4,002,762 4,029,545
LIABILITIES AND EQUITY    
Unsecured senior notes, net 1,836,223 1,835,725
Mortgage loans and notes payable, net 95,263 96,040
Accounts payable, accrued expenses and other liabilities 136,310 137,880
Distributions payable 64,691 64,688
Deferred revenue 25,662 25,313
Security deposits 478 475
Total liabilities 2,158,627 2,160,121
Noncontrolling interests in the Operating Partnership 53,845 62,088
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 193,587,165 and 193,557,024 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1,936 1,936
Additional paid-in capital 2,675,867 2,674,745
Accumulated other comprehensive loss (709) (729)
Accumulated deficit (894,773) (876,606)
Total CubeSmart shareholders' equity 1,782,321 1,799,346
Noncontrolling interests in subsidiaries 7,969 7,990
Total equity 1,790,290 1,807,336
Total liabilities and equity $ 4,002,762 $ 4,029,545