XML 52 R57.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2019
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership $ 62,088      
Contributions from noncontrolling interests in subsidiaries   $ 4,828    
Distributions paid to noncontrolling interests in subsidiaries (59) (66)    
Acquisition of noncontrolling interest in subsidiary   (10,000)    
Adjustment for Operating Partnership interests of third parties 7,976 (6,681)   $ 5,900
Net income (loss) 37,934 35,428    
Other comprehensive income, net 20 240    
Balance of Noncontrolling Interests in the Operating Partnership 53,845     62,088
Noncontrolling Interests in Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership   55,819   55,819
Adjustment for Operating Partnership interests of third parties (7,976) 6,681    
Net income (loss) 383 358    
Other comprehensive income, net   2    
Balance of Noncontrolling Interests in the Operating Partnership 53,845 60,414    
Cubesmart, L P and Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 1,807,336 1,716,449   1,716,449
Balance of Noncontrolling Interests in the Operating Partnership 62,088      
Contributions from noncontrolling interests in subsidiaries   4,828    
Distributions paid to noncontrolling interests in subsidiaries (59) (66)    
Acquisition of noncontrolling interest in subsidiary   (10,000)    
Preferred OP unit redemption (118)      
Issuance of common OP units   24,580    
Issuance of common OP units (118)      
Conversion from OP units to shares   1,842    
Exercise of OP unit options   1,049    
Amortization of restricted OP units 710 798    
OP unit compensation expense 530   $ 468  
Adjustment for Operating Partnership interests of third parties 7,976 (6,681)    
Net income (loss) 37,934 35,428    
Other comprehensive income, net 20 240    
Common OP unit distributions (64,039) (60,375)    
Balance 1,790,290 1,708,560   1,807,336
Balance of Noncontrolling Interests in the Operating Partnership 53,845     62,088
Cubesmart, L P and Subsidiaries | Noncontrolling Interests in Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 62,088 55,819   55,819
Conversion from OP units to shares   (1,842)    
Adjustment for Operating Partnership interests of third parties (7,976) 6,681    
Net income (loss) 383 358    
Other comprehensive income, net   2    
Common OP unit distributions (650) (604)    
Balance of Noncontrolling Interests in the Operating Partnership 53,845 60,414   62,088
Cubesmart, L P and Subsidiaries | Total Shareholders' Equity        
Increase (Decrease) in Partners' Capital        
Balance 1,799,346 1,709,678   1,709,678
Acquisition of noncontrolling interest in subsidiary   (9,728)    
Preferred OP unit redemption (118)      
Issuance of common OP units   24,580    
Issuance of common OP units (118)      
Conversion from OP units to shares   1,842    
Exercise of OP unit options   1,049    
Amortization of restricted OP units 710 798    
OP unit compensation expense 530   468  
Adjustment for Operating Partnership interests of third parties 7,976 (6,681)    
Net income (loss) 37,896 35,498    
Other comprehensive income, net 20 240    
Common OP unit distributions (64,039) (60,375)    
Balance 1,782,321 1,697,369   1,799,346
Cubesmart, L P and Subsidiaries | Operating Partner        
Increase (Decrease) in Partners' Capital        
Balance $ 1,800,075 $ 1,710,707   $ 1,710,707
Balance (in units) 193,557 187,145   187,145
Acquisition of noncontrolling interest in subsidiary   $ (9,728)    
Preferred OP unit redemption $ (118)      
Issuance of common OP units   $ 24,580    
Issuance of common OP units (in units)   773    
Issuance of common OP units $ (118)      
Issuance of restricted OP units (in units) 30 19    
Conversion from OP units to shares   $ 1,842    
Conversion from OP units to shares (in units)   60    
Exercise of OP unit options   $ 1,049    
Exercise of OP unit options (in units)   140    
Amortization of restricted OP units $ 710 $ 798    
OP unit compensation expense 530   $ 468  
Adjustment for Operating Partnership interests of third parties 7,976 (6,681)    
Net income (loss) 37,896 35,498    
Common OP unit distributions (64,039) (60,375)    
Balance $ 1,783,030 $ 1,698,158   $ 1,800,075
Balance (in units) 193,587 188,137   193,557
Cubesmart, L P and Subsidiaries | Accumulated Other Comprehensive (Loss) Income        
Increase (Decrease) in Partners' Capital        
Balance $ (729) $ (1,029)   $ (1,029)
Other comprehensive income, net 20 240    
Balance (709) (789)   (729)
Cubesmart, L P and Subsidiaries | Noncontrolling Interest in Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 7,990 6,771   6,771
Contributions from noncontrolling interests in subsidiaries   4,828    
Distributions paid to noncontrolling interests in subsidiaries (59) (66)    
Acquisition of noncontrolling interest in subsidiary   (272)    
Net income (loss) 38 (70)    
Balance $ 7,969 $ 11,191   $ 7,990