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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Rental income $ 208,371 $ 162,476
Total revenues 238,565 188,841
OPERATING EXPENSES    
Property operating expenses 70,567 61,228
Depreciation and amortization 82,557 53,810
General and administrative 14,525 10,916
Total operating expenses 167,649 125,954
Interest:    
Interest expense on loans (22,824) (19,234)
Loan procurement amortization expense (957) (1,035)
Equity in earnings of real estate ventures 294 20
Other (9,163) 677
Total other expense (32,650) (19,572)
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Operating Partnership interests of third parties $ (292) $ (1,549)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.17 $ 0.21
Weighted-average basic units outstanding (in units) 224,663 199,160
Weighted-average diluted units outstanding (in units) 225,737 200,233
Other Property Related Income    
REVENUES    
Property related income $ 22,280 $ 19,304
Property Management Fee Income    
REVENUES    
Property related income 7,914 7,061
CubeSmart, L.P. and Subsidiaries    
REVENUES    
Rental income 208,371 162,476
Total revenues 238,565 188,841
OPERATING EXPENSES    
Property operating expenses 70,567 61,228
Depreciation and amortization 82,557 53,810
General and administrative 14,525 10,916
Total operating expenses 167,649 125,954
Interest:    
Interest expense on loans (22,824) (19,234)
Loan procurement amortization expense (957) (1,035)
Equity in earnings of real estate ventures 294 20
Other (9,163) 677
Total other expense (32,650) (19,572)
NET INCOME 38,266 43,315
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 181 (34)
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. 38,447 43,281
Operating Partnership interests of third parties (292) (1,549)
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS $ 38,155 $ 41,732
Basic earnings per unit attributable to common unitholders $ 0.17 $ 0.21
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.17 $ 0.21
Weighted-average basic units outstanding (in units) 224,663 199,160
Weighted-average diluted units outstanding (in units) 225,737 200,233
CubeSmart, L.P. and Subsidiaries | Other Property Related Income    
REVENUES    
Property related income $ 22,280 $ 19,304
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income    
REVENUES    
Property related income $ 7,914 $ 7,061