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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Storage properties $ 7,268,162 $ 7,183,494
Less: Accumulated depreciation (1,174,746) (1,085,824)
Storage properties, net (including VIE assets of $162,334 and $149,467, respectively) 6,093,416 6,097,670
Cash and cash equivalents 5,148 11,140
Restricted cash 2,956 2,178
Loan procurement costs, net of amortization 1,826 2,322
Investment in real estate ventures, at equity 114,527 119,751
Assets held for sale 2,315 49,313
Other assets, net 208,611 265,705
Total assets 6,428,799 6,548,079
LIABILITIES AND EQUITY    
Unsecured senior notes, net 2,770,280 2,768,209
Revolving credit facility 168,900 209,900
Mortgage loans and notes payable, net 165,305 167,676
Lease liabilities - finance leases 65,771 65,801
Accounts payable, accrued expenses and other liabilities 217,040 199,985
Distributions payable 97,444 97,417
Deferred revenue 40,124 37,144
Security deposits 1,026 1,065
Liabilities held for sale 390 2,502
Total liabilities 3,526,280 3,549,699
Noncontrolling interests in the Operating Partnership 62,393 108,220
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 224,452,547 and 223,917,993 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 2,245 2,239
Additional paid-in capital 4,114,149 4,088,392
Accumulated other comprehensive loss (531) (570)
Accumulated deficit (1,291,916) (1,218,498)
Total CubeSmart shareholders' equity 2,823,947 2,871,563
Noncontrolling interests in subsidiaries 16,179 18,597
Total equity 2,840,126 2,890,160
Total liabilities and equity $ 6,428,799 $ 6,548,079