XML 79 R66.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2020
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership   $ 249,414      
Contributions from noncontrolling interests in subsidiaries $ 5,104        
Distributions paid to noncontrolling interests in subsidiaries (38) (69) $ (42) $ (59)  
Adjustment for Operating Partnership interests of third parties (63,025) (32,102) (615) 7,976 $ (4,200)
Net income (loss) 48,598 41,766 38,543 37,934  
Other comprehensive income (loss), net 19 19 20 20  
Balance of Noncontrolling Interests in the Operating Partnership 337,417       249,414
Noncontrolling Interests in Operating Partnership          
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership 278,649 249,414 53,845 62,088 62,088
Adjustment for Operating Partnership interests of third parties 63,025 32,102 615 (7,976)  
Net income (loss) 1,768 1,549 389 383  
Other comprehensive income (loss), net 1 1      
Balance of Noncontrolling Interests in the Operating Partnership 337,417 278,649 51,407 53,845 249,414
Cubesmart, L P and Subsidiaries          
Increase (Decrease) in Partners' Capital          
Balance 1,886,199 1,840,848 1,790,290 1,807,336 1,807,336
Balance of Noncontrolling Interests in the Operating Partnership   249,414      
Contributions from noncontrolling interests in subsidiaries 5,104        
Distributions paid to noncontrolling interests in subsidiaries (38) (69) (42) (59)  
Issuance of common OP units 42,429 99,688      
Issuance of common OP units     (70) (118)  
Conversion from OP units to shares 3,549 1,913 2,824    
Exercise of OP unit options 4,075 1,172 135    
Amortization of restricted OP units 1,383 705 1,249 710  
OP unit compensation expense 544 609 464 530  
Adjustment for Operating Partnership interests of third parties (63,025) (32,102) (615) 7,976  
Net income (loss) 48,598 41,766 38,543 37,934  
Other comprehensive income (loss), net 19 19 20 20  
Common OP unit distributions (68,804) (68,350) (64,081) (64,039)  
Balance 1,860,033 1,886,199 1,768,717 1,790,290 1,840,848
Balance of Noncontrolling Interests in the Operating Partnership 337,417       249,414
Cubesmart, L P and Subsidiaries | Noncontrolling Interests in Operating Partnership          
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership 278,649 249,414 53,845 62,088 62,088
Conversion from OP units to shares (3,549) (1,913) (2,824)    
Adjustment for Operating Partnership interests of third parties 63,025 32,102 615 (7,976)  
Net income (loss) 1,768 1,549 389 383  
Other comprehensive income (loss), net 1 1      
Common OP unit distributions (2,477) (2,504) (618) (650)  
Balance of Noncontrolling Interests in the Operating Partnership 337,417 278,649 51,407 53,845 249,414
Cubesmart, L P and Subsidiaries | Total Shareholders' Equity          
Increase (Decrease) in Partners' Capital          
Balance 1,877,602 1,832,216 1,782,321 1,799,346 1,799,346
Issuance of common OP units 42,429 99,688      
Issuance of common OP units     (70) (118)  
Conversion from OP units to shares 3,549 1,913 2,824    
Exercise of OP unit options 4,075 1,172 135    
Amortization of restricted OP units 1,383 705 1,249 710  
OP unit compensation expense 544 609 464 530  
Adjustment for Operating Partnership interests of third parties (63,025) (32,102) (615) 7,976  
Net income (loss) 48,752 41,732 38,505 37,896  
Other comprehensive income (loss), net 19 19 20 20  
Common OP unit distributions (68,804) (68,350) (64,081) (64,039)  
Balance 1,846,524 1,877,602 1,760,752 1,782,321 1,832,216
Cubesmart, L P and Subsidiaries | Operating Partner          
Increase (Decrease) in Partners' Capital          
Balance $ 1,878,215 $ 1,832,848 $ 1,783,030 $ 1,800,075 $ 1,800,075
Balance (in units) 200,422 197,406 193,587 193,557 193,557
Issuance of common OP units $ 42,429 $ 99,688      
Issuance of common OP units (in units) 1,046 2,837      
Issuance of restricted OP units (in units) 31 32 28 30  
Issuance of common OP units     $ (70) $ (118)  
Conversion from OP units to shares $ 3,549 $ 1,913 $ 2,824    
Conversion from OP units to shares (in units) 81 55 100    
Exercise of OP unit options $ 4,075 $ 1,172 $ 135    
Exercise of OP unit options (in units) 189 92 14    
Amortization of restricted OP units $ 1,383 $ 705 $ 1,249 710  
OP unit compensation expense 544 609 464 530  
Adjustment for Operating Partnership interests of third parties (63,025) (32,102) (615) 7,976  
Net income (loss) 48,752 41,732 38,505 37,896  
Common OP unit distributions (68,804) (68,350) (64,081) (64,039)  
Balance $ 1,847,118 $ 1,878,215 $ 1,761,441 $ 1,783,030 $ 1,832,848
Balance (in units) 201,769 200,422 193,729 193,587 197,406
Cubesmart, L P and Subsidiaries | Accumulated Other Comprehensive (Loss) Income          
Increase (Decrease) in Partners' Capital          
Balance $ (613) $ (632) $ (709) $ (729) $ (729)
Other comprehensive income (loss), net 19 19 20 20  
Balance (594) (613) (689) (709) (632)
Cubesmart, L P and Subsidiaries | Noncontrolling Interest in Subsidiaries          
Increase (Decrease) in Partners' Capital          
Balance 8,597 8,632 7,969 7,990 7,990
Contributions from noncontrolling interests in subsidiaries 5,104        
Distributions paid to noncontrolling interests in subsidiaries (38) (69) (42) (59)  
Net income (loss) (154) 34 38 38  
Balance $ 13,509 $ 8,597 $ 7,965 $ 7,969 $ 8,632