XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.21.2

EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL |
Summary of the elements used in calculating basic and diluted earnings (loss) per common share | Earnings per common share and shareholders’ equity ​ The following is a summary of the elements used in calculating basic and diluted earnings per common share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020
​ | ​ | (dollars and units in thousands, except per share amounts)
Net income | ​ | $ | 50,366 | ​ | $ | 38,932 | ​ | $ | 93,681 | ​ | $ | 77,249
Noncontrolling interests in the Operating Partnership | ​ |  | (1,768) | ​ |  | (389) | ​ |  | (3,317) | ​ |  | (772)
Noncontrolling interest in subsidiaries | ​ |  | 154 | ​ |  | (38) | ​ |  | 120 | ​ |  | (76)
Net income attributable to the Company’s common shareholders | ​ | $ | 48,752 | ​ | $ | 38,505 | ​ | $ | 90,484 | ​ | $ | 76,401
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic shares outstanding | ​ |  | 201,414 | ​ |  | 193,629 | ​ |  | 200,293 | ​ |  | 193,605
Share options and restricted share units | ​ |  | 1,395 | ​ |  | 563 | ​ |  | 1,234 | ​ |  | 626
Weighted average diluted shares outstanding (1) | ​ |  | 202,809 | ​ |  | 194,192 | ​ |  | 201,527 | ​ |  | 194,231
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share attributable to common shareholders | ​ | $ | 0.24 | ​ | $ | 0.20 | ​ | $ | 0.45 | ​ | $ | 0.39
Diluted earnings per share attributable to common shareholders (2) | ​ | $ | 0.24 | ​ | $ | 0.20 | ​ | $ | 0.45 | ​ | $ | 0.39
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per common unit and capital ​ The following is a summary of the elements used in calculating basic and diluted earnings per common unit: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30, | ​
​ | ​ | 2021 | ​ | 2020 | ​ | 2021 | ​ | 2020 | ​
​ | ​ | (dollars and units in thousands, except per unit amounts) | ​
Net income | ​ | $ | 50,366 | ​ | $ | 38,932 | ​ | $ | 93,681 | ​ | $ | 77,249 | ​
Operating Partnership interests of third parties | ​ |  | (1,768) | ​ |  | (389) | ​ |  | (3,317) | ​ |  | (772) | ​
Noncontrolling interest in subsidiaries | ​ |  | 154 | ​ |  | (38) | ​ |  | 120 | ​ |  | (76) | ​
Net income attributable to common unitholders | ​ | $ | 48,752 | ​ | $ | 38,505 | ​ | $ | 90,484 | ​ | $ | 76,401 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic units outstanding | ​ |  | 201,414 | ​ |  | 193,629 | ​ |  | 200,293 | ​ |  | 193,605 | ​
Unit options and restricted share units | ​ |  | 1,395 | ​ |  | 563 | ​ |  | 1,234 | ​ |  | 626 | ​
Weighted average diluted units outstanding (1) | ​ |  | 202,809 | ​ |  | 194,192 | ​ |  | 201,527 | ​ |  | 194,231 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per unit attributable to common unitholders | ​ | $ | 0.24 | ​ | $ | 0.20 | ​ | $ | 0.45 | ​ | $ | 0.39 | ​
Diluted earnings per unit attributable to common unitholders (2) | ​ | $ | 0.24 | ​ | $ | 0.20 | ​ | $ | 0.45 | ​ | $ | 0.39 | ​
​
| (1) | For the three and six months ended June 30, 2021, the Company declared cash dividends per common share/unit of $0.34 and $0.68, respectively, and $0.33 and $0.66, respectively, for the same periods in 2020.
​
| (2) | The amounts of anti-dilutive options that were excluded from the computation of diluted earnings per share/unit as the exercise price was higher than the average share price of the Company for the three and six months ended June 30, 2020 were 1.3 million and 1.1 million, respectively. There were no anti-dilutive options for the three and six months ended June 30, 2021.
​

X
- References No definition available. + Details
Name: | cube_EarningsPerShareAndStockholdersEquityNoteDisclosureAbstract
Namespace Prefix: | cube_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration