XML 71 R59.htm IDEA: XBRL DOCUMENT
v3.22.1

CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021
Increase (Decrease) in Partners' Capital |  |  |
Balance of Noncontrolling Interests in the Operating Partnership | $ 108,220 |  |
Distributions paid to noncontrolling interest in subsidiaries | (2,033) | $ (69) |
Adjustment for Operating Partnership interests of third parties | 10,356 | (32,102) | $ (164,100)
Net income (loss) | 37,974 | 41,766 |
Other comprehensive income (loss), net | 19 | 19 |
Balance of Noncontrolling Interests in the Operating Partnership | 75,991 |  | 108,220
Noncontrolling Interests in the Operating Partnership |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance of Noncontrolling Interests in the Operating Partnership | 108,220 | 249,414 | 249,414
Adjustment for Operating Partnership interests of third parties | (10,356) | 32,102 |
Net income (loss) | 292 | 1,549 |
Other comprehensive income (loss), net | 1 | 1 |
Balance of Noncontrolling Interests in the Operating Partnership | 75,991 | 278,649 | 108,220
CubeSmart, L.P. and Subsidiaries |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance | 2,890,160 | 1,840,848 | 1,840,848
Balance of Noncontrolling Interests in the Operating Partnership | 108,220 |  |
Distributions paid to noncontrolling interest in subsidiaries | (2,033) | (69) |
Issuance of common OP units | (123) | (99,688) |
Conversion from OP units to shares | 21,538 | 1,913 |
Exercise of OP unit options | 1,226 | 1,172 |
Amortization of restricted OP units | 519 | 705 |
OP unit compensation expense | 636 | 609 |
Adjustment for Operating Partnership interests of third parties | 10,356 | (32,102) |
Net income (loss) | 37,974 | 41,766 |
Other comprehensive income (loss), net | 19 | 19 |
Common OP unit distributions | (96,817) | (68,350) |
Balance | 2,863,455 | 1,886,199 | 2,890,160
Balance of Noncontrolling Interests in the Operating Partnership | 75,991 |  | 108,220
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance of Noncontrolling Interests in the Operating Partnership | 108,220 | 249,414 | 249,414
Conversion from OP units to shares | (21,538) | (1,913) |
Adjustment for Operating Partnership interests of third parties | (10,356) | 32,102 |
Net income (loss) | 292 | 1,549 |
Other comprehensive income (loss), net | 1 | 1 |
Common OP unit distributions | (628) | (2,504) |
Balance of Noncontrolling Interests in the Operating Partnership | 75,991 | 278,649 | 108,220
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance | 2,871,563 | 1,832,216 | 1,832,216
Issuance of common OP units | (123) | (99,688) |
Conversion from OP units to shares | 21,538 | 1,913 |
Exercise of OP unit options | 1,226 | 1,172 |
Amortization of restricted OP units | 519 | 705 |
OP unit compensation expense | 636 | 609 |
Adjustment for Operating Partnership interests of third parties | 10,356 | (32,102) |
Net income (loss) | 38,155 | 41,732 |
Other comprehensive income (loss), net | 19 | 19 |
Common OP unit distributions | (96,817) | (68,350) |
Balance | 2,847,072 | 1,877,602 | 2,871,563
CubeSmart, L.P. and Subsidiaries | Operating Partner |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance | $ 2,872,133 | $ 1,832,848 | $ 1,832,848
Balance (in units) | 223,918 | 197,406 | 197,406
Issuance of common OP units (in units) |  | 2,837 |
Issuance of restricted OP units (in units) | 35 | 32 |
Issuance of common OP units | $ (123) | $ (99,688) |
Conversion from OP units to shares | $ 21,538 | $ 1,913 |
Conversion from OP units to shares (in units) | 441 | 55 |
Exercise of OP unit options | $ 1,226 | $ 1,172 |
Exercise of OP unit options (in units) | 40 | 92 |
Amortization of restricted OP units | $ 519 | $ 705 |
OP unit compensation expense | 636 | 609 |
Adjustment for Operating Partnership interests of third parties | 10,356 | (32,102) |
Net income (loss) | 38,155 | 41,732 |
Common OP unit distributions | (96,817) | (68,350) |
Balance | $ 2,847,623 | $ 1,878,215 | $ 2,872,133
Balance (in units) | 224,434 | 200,422 | 223,918
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss) |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance | $ (570) | $ (632) | $ (632)
Other comprehensive income (loss), net | 19 | 19 |
Balance | (551) | (613) | (570)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries |  |  |
Increase (Decrease) in Partners' Capital |  |  |
Balance | 18,597 | 8,632 | 8,632
Distributions paid to noncontrolling interest in subsidiaries | (2,033) | (69) |
Net income (loss) | (181) | 34 |
Balance | $ 16,383 | $ 8,597 | $ 18,597

X
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss), attributable to temporary equity. + References No definition available. + Details
Name: | cube_OtherComprehensiveIncomeLossNetOfTaxAttributableToTemporaryEquity
Namespace Prefix: | cube_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss), including portion attributable to temporary equity. + References No definition available. + Details
Name: | cube_OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToTemporaryEquity
Namespace Prefix: | cube_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the amount of amortization of restricted operating units during the period. + References No definition available. + Details
Name: | cube_PartnersCapitalAccountAmortizationOfRestrictedUnits
Namespace Prefix: | cube_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents aggregate number of operating units related to options exercised during the year. + References No definition available. + Details
Name: | cube_PartnersCapitalAccountOptionUnitExercise
Namespace Prefix: | cube_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents aggregate number of operating units related to operating unit issued units during the period. + References No definition available. + Details
Name: | cube_PartnersCapitalAccountRestrictedUnitsUnitIssued
Namespace Prefix: | cube_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_IncreaseDecreaseInPartnersCapitalRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Change in noncontrolling interest during the period as a result of a change in the redemption value of redeemable noncontrolling interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 15 -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 16(c) -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 14 -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 + Details
Name: | us-gaap_MinorityInterestChangeInRedemptionValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount after income tax of income (loss) including the portion attributable to nonredeemable noncontrolling interest. Excludes the portion attributable to redeemable noncontrolling interest recognized as temporary equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph (3) -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 + Details
Name: | us-gaap_NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total distributions to each class of partners (i.e., general, limited and preferred partners). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountDistributions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Total change in each class of partners' capital accounts during the year due to exchanges and conversions. Partners include general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalAccountExchangesAndConversions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total change in each class of partners' capital accounts during the year due to option exercise. All partners include general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountOptionExercise
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total change in each class of partners' capital accounts during the year due to redemptions and adjustments to redemption value. All partners include general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountRedemptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in partners' capital account for unit-based payment arrangement issued by partnership. Partner includes, but is not limited to, general, limited and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnitBasedCompensation
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of each class of partnership units outstanding at the balance sheet date. Units represent shares of ownership of the general, limited, and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04.16(a)) -URI http://asc.fasb.org/extlink&oid=120401414&loc=d3e603758-122996 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04.16(b)) -URI http://asc.fasb.org/extlink&oid=120401414&loc=d3e603758-122996 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnits
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Units contributed by each class of partners during the year. Units represent shares of ownership of the general, limited, and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnitsContributed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of units converted into shares of each class of partners' capital account. Units represent shares of ownership of the general, limited, and preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB Topic 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnitsConverted
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of partners' capital (deficit), including portions attributable to both the parent and noncontrolling interests. Excludes temporary equity and is sometimes called permanent equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 + Details
Name: | us-gaap_PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph (16)(c) -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 15 -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph (12)(c) -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 3A -Subparagraph 14 -URI http://asc.fasb.org/extlink&oid=122040564&loc=SL6540498-122764 + Details
Name: | us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The portion of net income or loss attributable to temporary equity interest. + References No definition available. + Details
Name: | us-gaap_TemporaryEquityNetIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | cube_TemporaryEquityAxis=cube_TemporaryEquityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=cube_CubesmartLPAndSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_ParentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_GeneralPartnerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_AccumulatedOtherComprehensiveIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PartnerCapitalComponentsAxis=us-gaap_NoncontrollingInterestMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |