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