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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES      
Rental income $ 707,751 $ 581,009 $ 552,404
Total revenues 822,564 679,177 643,915
OPERATING EXPENSES      
Property operating expenses 252,104 223,634 209,739
Depreciation and amortization 232,049 156,573 163,547
General and administrative 47,809 41,423 38,560
Total operating expenses 531,962 421,630 411,846
Interest:      
Interest expense on loans (78,448) (75,890) (72,525)
Loan procurement amortization expense (8,168) (2,674) (2,819)
Loss on early extinguishment of debt (20,328) (18,020)  
Equity in earnings of real estate ventures 25,275 178 11,122
Gains from sales of real estate, net 32,698 6,710 1,508
Other (10,818) (240) 1,416
Total other expense (59,789) (89,936) (61,298)
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Operating Partnership interests of third parties $ (7,873) $ (1,825) $ (1,708)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.09 $ 0.85 $ 0.88
Weighted-average basic units outstanding (in units) 203,832 194,147 190,874
Weighted-average diluted units outstanding (in units) 205,009 194,943 191,576
Other Property Related Income      
REVENUES      
Property related income $ 83,605 $ 70,723 $ 67,558
Property Management Fee Income      
REVENUES      
Property related income 31,208 27,445 23,953
CubeSmart, L.P. and Subsidiaries      
REVENUES      
Rental income 707,751 581,009 552,404
Total revenues 822,564 679,177 643,915
OPERATING EXPENSES      
Property operating expenses 252,104 223,634 209,739
Depreciation and amortization 232,049 156,573 163,547
General and administrative 47,809 41,423 38,560
Total operating expenses 531,962 421,630 411,846
Interest:      
Interest expense on loans (78,448) (75,890) (72,525)
Loan procurement amortization expense (8,168) (2,674) (2,819)
Loss on early extinguishment of debt (20,328) (18,020)  
Equity in earnings of real estate ventures 25,275 178 11,122
Gains from sales of real estate, net 32,698 6,710 1,508
Other (10,818) (240) 1,416
Total other expense (59,789) (89,936) (61,298)
NET INCOME 230,813 167,611 170,771
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Noncontrolling interest in subsidiaries 542 (165) 54
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. 231,355 167,446 170,825
Operating Partnership interests of third parties (7,873) (1,825) (1,708)
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS $ 223,482 $ 165,621 $ 169,117
Basic earnings per unit attributable to common unitholders $ 1.10 $ 0.85 $ 0.89
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.09 $ 0.85 $ 0.88
Weighted-average basic units outstanding (in units) 203,832 194,147 190,874
Weighted-average diluted units outstanding (in units) 205,009 194,943 191,576
CubeSmart, L.P. and Subsidiaries | Other Property Related Income      
REVENUES      
Property related income $ 83,605 $ 70,723 $ 67,558
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income      
REVENUES      
Property related income $ 31,208 $ 27,445 $ 23,953