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v3.22.2

INVESTMENT ACTIVITY (Details) |  |  |  |  |  | 3 Months Ended | 6 Months Ended | 12 Months Ended | 18 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 28, 2022 USD ($) | Feb. 02, 2022 USD ($) | Dec. 14, 2021 USD ($) | Dec. 09, 2021 item facility | Jun. 29, 2021 USD ($) | Jun. 30, 2022 USD ($) facility | Jun. 30, 2022 USD ($) facility | Dec. 31, 2021 USD ($) facility item | Jun. 30, 2022 USD ($) facility
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | $ 5
Right-of-use assets - operating leases |  |  |  |  |  | $ 50,029,000 | $ 50,029,000 | $ 54,741,000 | 50,029,000
Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 117,700
Texas | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 7 |  |  |  |  |
Self-storage facilities under contract |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Deposit |  |  |  |  |  | 200,000 | 200,000 |  | 200,000
Expected aggregate purchase or sales price |  |  |  |  |  | $ 20,700,000 | $ 20,700,000 |  | $ 20,700,000
Number of facilities under contract | facility |  |  |  |  |  | 1 | 1 |  | 1
Self storage under construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Expected construction cost |  |  |  |  |  | $ 84,100,000 | $ 84,100,000 |  | $ 84,100,000
Self storage under construction | New York |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities | facility |  |  |  |  |  | 2 | 2 |  | 2
Development costs |  |  |  |  |  | $ 59,100,000 | $ 59,100,000 |  | $ 59,100,000
Self Storage Facility in Vienna, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self Storage Facility in Vienna, VA | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 21,800,000
Self Storage Facility in Newton, MA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self Storage Facility in Newton, MA | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 20,800,000
Self-storage facility in East Meadow, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total consideration |  |  |  |  | $ 6,600,000 |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self-storage facility in East Meadow, NY | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 25,900,000
Self-storage facility in King of Prussia, PA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self-storage facility in King of Prussia, PA | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 22,800,000
Self-storage Facility in Arlington, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self-storage Facility in Arlington, VA | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 26,400,000
Self-storage Facility in Bronx, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Lease liability derecognized |  | $ 5,000,000.0 |  |  |  |  |  |  |
Right of use Assets derecognized |  | 4,100,000 |  |  |  |  |  |  |
2021 Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 66 |
Aggregate purchase price |  |  |  |  |  |  |  | $ 1,801,251,000 |
Intangible value of the in-place leases |  |  |  |  |  | 11,900,000 | 11,900,000 |  | 11,900,000
Estimated life |  |  |  |  |  |  |  | 12 months |
2021 Acquisitions | Other Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Amortization expense |  |  |  |  |  | 2,900,000 | 5,800,000 |  |
2021 Acquisitions | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 57 |  |  |  | 57 |
Intangible value of the in-place leases |  |  |  |  |  | 109,700,000 | $ 109,700,000 |  | $ 109,700,000
Estimated life |  |  |  |  |  |  | 12 months |  |
Amortization expense |  |  |  |  |  | $ 27,400,000 | $ 54,800,000 |  |
Number of joint ventures | item |  |  |  | 2 |  |  |  | 2 |
2021 Acquisitions | Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Percentage of interest acquired |  |  |  |  |  | 50.00% | 50.00% | 50.00% | 50.00%
2021 Acquisitions | Acquisitions | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  | 50.00% |  |  |  |  |
2021 Acquisitions | Nevada | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 13 |  |  |  |  |
2021 Acquisitions | California | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 20 |  |  |  |  |
2021 Acquisitions | Arizona | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 17 |  |  |  |  |
2021 Acquisitions | Self-storage facilities located in US |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 8 |
Aggregate purchase price |  |  |  |  |  |  |  | $ 140,800,000 |
2021 Acquisitions | Self-storage facilities located in US | Florida |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facilities located in US | Maryland |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facilities located in US | Nevada |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facilities located in US | Pennsylvania |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 2 |
2021 Acquisitions | Self-storage facilities located in US | New Jersey |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facilities located in US | Illinois |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facilities located in US | Georgia |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2021 Acquisitions | Self-storage facility in Anoka, MN |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Aggregate purchase price |  |  |  |  |  |  |  | $ 12,000,000.0 |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  | 50.00% |
2022 Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  | 2 |  |
Aggregate purchase price |  |  |  |  |  |  | $ 55,000,000 |  |
Intangible value of the in-place leases |  |  |  |  |  | $ 3,100,000 | $ 3,100,000 |  | $ 3,100,000
Estimated life |  |  |  |  |  |  | 12 months |  |
2022 Acquisitions | Leases, Acquired-in-Place |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Amortization expense |  |  |  |  |  | $ 300,000 | $ 500,000 |  |
2022 Acquisitions | Texas |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  | 1 |  |
2022 Acquisitions | Maryland |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  | 1 |  |
2022 Acquisitions | Self-storage Facility in Bronx, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Aggregate purchase price |  | $ 7,500,000 |  |  |  |  |  |  |
2021 Dispositions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities sold | facility |  |  |  |  |  |  |  | 5 |
Aggregate sale price |  |  |  |  |  |  |  | $ 43,800,000 |
Gains from sales of real estate, net |  |  |  |  |  |  |  | $ 32,700,000 |
2021 Dispositions | Texas |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities sold | facility |  |  |  |  |  |  |  | 1 |
2021 Dispositions | Colorado |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities sold | facility |  |  |  |  |  |  |  | 1 |
2021 Dispositions | Nevada |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities sold | facility |  |  |  |  |  |  |  | 1 |
2021 Dispositions | North Carolina |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities sold | facility |  |  |  |  |  |  |  | 2 |
2022 Dispositions | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Aggregate sale price |  |  |  |  |  |  | $ 44,000,000.0 |  |
Gains from sales of real estate, net |  |  |  |  |  |  | $ 0 |  |
Joint Venture |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Real estate property acquired, land subject to ground lease | $ 6,100,000 |  |  |  |  |  |  |  |
Total consideration |  |  | $ 3,400,000 |  |  |  |  |  |
Acquisition, gain (loss) recognized |  |  | $ 0 |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  | 90.00% |
Minority ownership interest (as a percent) |  |  | 0.00% |  |  |  |  |  |
Acquisition of noncontrolling interest |  |  | $ 2,700,000 |  |  |  |  |  |
Repayments of debt |  |  | $ 13,200,000 |  |  |  |  |  |
Joint Venture | Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Percentage of interest acquired | 20.00% |  |  |  |  |  |  |  |
Acquisition of remaining interest in real estate ventures (as a percent) |  |  | 10.00% |  |  |  |  |  |
Joint Venture | Self-storage facility in East Meadow, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  | 51.00% |  |  |  |
Minority ownership interest (as a percent) |  |  |  |  | 49.00% |  |  |  |
Joint Venture | 2021 Acquisitions | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities | facility |  |  |  | 1 |  |  |  |  |
Cubesmart |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest by Parent |  |  |  |  |  | 99.40% | 99.40% |  | 99.40%
Cubesmart | Self Storage Facility in Vienna, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 72.00%
Cubesmart | Self Storage Facility in Newton, MA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 100.00%
Cubesmart | Self-storage facility in East Meadow, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 100.00%
Cubesmart | Self-storage facility in King of Prussia, PA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 70.00%
Cubesmart | Self-storage Facility in Arlington, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 90.00%

X
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- Definition The number of self-storage facilities with construction completed and opened for operation during the period. + References No definition available. + Details
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 924 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- Definition The current amount of expenditures for a real estate project that has not yet been completed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.10) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired. + References No definition available. + Details
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351718&loc=d3e2443-110228 + Details
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- Definition Amount of lessee's right to use underlying asset under operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977 + Details
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585 + Details
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- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3179-108585 + Details
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
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