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CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Storage properties $ 7,284,661 $ 7,183,494
Less: Accumulated depreciation (1,207,230) (1,085,824)
Storage properties, net (including VIE assets of $163,299 and $149,467, respectively) 6,077,431 6,097,670
Cash and cash equivalents 5,183 11,140
Restricted cash 3,021 2,178
Loan procurement costs, net of amortization 1,719 2,322
Investment in real estate ventures, at equity 107,755 119,751
Assets held for sale 4,264 49,313
Other assets, net 171,797 265,705
Total assets 6,371,170 6,548,079
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,771,315 2,768,209
Revolving credit facility 86,000 209,900
Mortgage loans and notes payable, net 164,116 167,676
Lease liabilities - finance leases 65,764 65,801
Accounts payable, accrued expenses and other liabilities 218,181 199,985
Distributions payable 97,492 97,417
Deferred revenue 40,777 37,144
Security deposits 1,035 1,065
Liabilities held for sale 2,227 2,502
Total liabilities 3,446,907 3,549,699
Limited Partnership interests of third parties 58,508 108,220
Commitments and contingencies
Capital    
Accumulated other comprehensive loss (511) (570)
Total liabilities and equity 6,371,170 6,548,079
CubeSmart, L.P. and Subsidiaries    
ASSETS    
Storage properties 7,284,661 7,183,494
Less: Accumulated depreciation (1,207,230) (1,085,824)
Storage properties, net (including VIE assets of $163,299 and $149,467, respectively) 6,077,431 6,097,670
Cash and cash equivalents 5,183 11,140
Restricted cash 3,021 2,178
Loan procurement costs, net of amortization 1,719 2,322
Investment in real estate ventures, at equity 107,755 119,751
Assets held for sale 4,264 49,313
Other assets, net 171,797 265,705
Total assets 6,371,170 6,548,079
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,771,315 2,768,209
Revolving credit facility 86,000 209,900
Mortgage loans and notes payable, net 164,116 167,676
Lease liabilities - finance leases 65,764 65,801
Accounts payable, accrued expenses and other liabilities 218,181 199,985
Distributions payable 97,492 97,417
Deferred revenue 40,777 37,144
Security deposits 1,035 1,065
Liabilities held for sale 2,227 2,502
Total liabilities 3,446,907 3,549,699
Limited Partnership interests of third parties 58,508 108,220
Commitments and contingencies
Capital    
Operating Partner 2,852,165 2,872,133
Accumulated other comprehensive loss (511) (570)
Total CubeSmart, L.P. capital 2,851,654 2,871,563
Noncontrolling interests in subsidiaries 14,101 18,597
Total capital 2,865,755 2,890,160
Total liabilities and equity $ 6,371,170 $ 6,548,079