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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Storage properties $ 7,232,103 $ 7,183,494
Less: Accumulated depreciation (1,130,001) (1,085,824)
Storage properties, net (including VIE assets of $156,775 and $149,467, respectively) 6,102,102 6,097,670
Cash and cash equivalents 7,890 11,140
Restricted cash 2,573 2,178
Loan procurement costs, net of amortization 2,074 2,322
Investment in real estate ventures, at equity 117,025 119,751
Assets held for sale 3,324 49,313
Other assets, net 226,553 265,705
Total assets 6,461,541 6,548,079
LIABILITIES AND EQUITY    
Unsecured senior notes, net 2,769,245 2,768,209
Revolving credit facility 185,400 209,900
Mortgage loans and notes payable, net 166,489 167,676
Lease liabilities - finance leases 65,783 65,801
Accounts payable, accrued expenses and other liabilities 197,685 199,985
Distributions payable 97,439 97,417
Deferred revenue 38,493 37,144
Security deposits 1,086 1,065
Liabilities held for sale 475 2,502
Total liabilities 3,522,095 3,549,699
Noncontrolling interests in the Operating Partnership 75,991 108,220
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 224,433,506 and 223,917,993 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 2,244 2,239
Additional paid-in capital 4,112,183 4,088,392
Accumulated other comprehensive loss (551) (570)
Accumulated deficit (1,266,804) (1,218,498)
Total CubeSmart shareholders' equity 2,847,072 2,871,563
Noncontrolling interests in subsidiaries 16,383 18,597
Total equity 2,863,455 2,890,160
Total liabilities and equity $ 6,461,541 $ 6,548,079