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CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Storage properties $ 7,183,494 $ 5,489,754
Less: Accumulated depreciation (1,085,824) (983,940)
Storage properties, net (including VIE assets of $149,467 and $119,345, respectively) 6,097,670 4,505,814
Cash and cash equivalents 11,140 3,592
Restricted cash 2,178 2,637
Loan procurement costs, net of amortization 2,322 3,275
Investment in real estate ventures, at equity 119,751 92,071
Assets held for sale 49,313  
Other assets, net 265,705 170,753
Total assets 6,548,079 4,778,142
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,768,209 2,030,372
Revolving credit facility 209,900 117,800
Mortgage loans and notes payable, net 167,676 216,504
Lease liabilities - finance leases 65,801 65,599
Accounts payable, accrued expenses and other liabilities 199,985 159,140
Distributions payable 97,417 68,301
Deferred revenue 37,144 29,087
Security deposits 1,065 1,077
Liabilities held for sale 2,502  
Total liabilities 3,549,699 2,687,880
Limited Partnership interests of third parties 108,220 249,414
Commitments and contingencies
Capital    
Accumulated other comprehensive loss (570) (632)
Total liabilities and equity 6,548,079 4,778,142
CubeSmart, L.P. and Subsidiaries    
ASSETS    
Storage properties 7,183,494 5,489,754
Less: Accumulated depreciation (1,085,824) (983,940)
Storage properties, net (including VIE assets of $149,467 and $119,345, respectively) 6,097,670 4,505,814
Cash and cash equivalents 11,140 3,592
Restricted cash 2,178 2,637
Loan procurement costs, net of amortization 2,322 3,275
Investment in real estate ventures, at equity 119,751 92,071
Assets held for sale 49,313  
Other assets, net 265,705 170,753
Total assets 6,548,079 4,778,142
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,768,209 2,030,372
Revolving credit facility 209,900 117,800
Mortgage loans and notes payable, net 167,676 216,504
Lease liabilities - finance leases 65,801 65,599
Accounts payable, accrued expenses and other liabilities 199,985 159,140
Distributions payable 97,417 68,301
Deferred revenue 37,144 29,087
Security deposits 1,065 1,077
Liabilities held for sale 2,502  
Total liabilities 3,549,699 2,687,880
Limited Partnership interests of third parties 108,220 249,414
Commitments and contingencies
Capital    
Operating Partner 2,872,133 1,832,848
Accumulated other comprehensive loss (570) (632)
Total CubeSmart, L.P. capital 2,871,563 1,832,216
Noncontrolling interests in subsidiaries 18,597 8,632
Total capital 2,890,160 1,840,848
Total liabilities and equity $ 6,548,079 $ 4,778,142