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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net loss $ 210,300 $ 184,250
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 244,062 166,879
Non-cash portion of interest expense related to finance leases (37) 208
Equity in earnings of real estate ventures (47,532) (1,152)
Gains from sales of real estate, net   (28,815)
Equity compensation expense 6,804 6,067
Accretion of fair market value adjustment of debt (830) (1,630)
Changes in other operating accounts:    
Other assets 4,247 (7,034)
Accounts payable and accrued expenses 25,982 19,397
Other liabilities 3,500 4,770
Net cash provided by operating activities 446,496 342,940
Investing Activities    
Acquisitions of storage properties (89,004) (65,455)
Additions and improvements to storage properties (27,493) (27,928)
Development costs (17,445) (60,783)
Investment in real estate ventures (16) (28,256)
Cash distributed from real estate ventures 59,544 15,125
Proceeds from sale of real estate, net 43,193 37,348
Net cash used in investing activities (31,221) (129,949)
Proceeds from:    
Revolving credit facility 500,640 667,658
Principal payments on:    
Revolving credit facility (624,540) (785,458)
Mortgage loans and notes payable (1,806) (45,791)
Loan procurement costs (136)  
Cash paid upon vesting of restricted OP units (1,384) (843)
Contributions from noncontrolling interests in subsidiaries   8,031
Distributions paid to noncontrolling interests in subsidiaries (7,331) (138)
Distributions paid to common OP unitholders (290,238) (204,522)
Net cash provided by financing activities (420,389) (159,150)
Change in cash, cash equivalents and restricted cash (5,114) 53,841
Cash, cash equivalents and restricted cash at beginning of period 13,318 6,229
Cash, cash equivalents and restricted cash at end of period 8,204 60,070
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 75,172 63,610
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties (700)  
Accretion of put liability 2,444 7,333
Derivative valuation adjustment 60 60
Contributions from noncontrolling interests in subsidiaries 3,340 3,373
CubeSmart, L.P. and Subsidiaries    
Operating Activities    
Net loss 210,300 184,250
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 244,062 166,879
Non-cash portion of interest expense related to finance leases (37) 208
Equity in earnings of real estate ventures (47,532) (1,152)
Gains from sales of real estate, net   (28,815)
Equity compensation expense 6,804 6,067
Accretion of fair market value adjustment of debt (830) (1,630)
Changes in other operating accounts:    
Other assets 4,247 (7,034)
Accounts payable and accrued expenses 25,982 19,397
Other liabilities 3,500 4,770
Net cash provided by operating activities 446,496 342,940
Investing Activities    
Acquisitions of storage properties (89,004) (65,455)
Additions and improvements to storage properties (27,493) (27,928)
Development costs (17,445) (60,783)
Investment in real estate ventures (16) (28,256)
Cash distributed from real estate ventures 59,544 15,125
Proceeds from sale of real estate, net 43,193 37,348
Net cash used in investing activities (31,221) (129,949)
Proceeds from:    
Revolving credit facility 500,640 667,658
Principal payments on:    
Revolving credit facility (624,540) (785,458)
Mortgage loans and notes payable (1,806) (45,791)
Loan procurement costs (136)  
Proceeds from issuance of common OP units 4,890 199,962
Cash paid upon vesting of restricted OP units (1,384) (843)
Exercise of OP unit options 1,590 7,865
Contributions from noncontrolling interests in subsidiaries   8,031
Distributions paid to noncontrolling interests in subsidiaries (7,331) (138)
Distributions paid to common OP unitholders (292,312) (210,436)
Net cash provided by financing activities (420,389) (159,150)
Change in cash, cash equivalents and restricted cash (5,114) 53,841
Cash, cash equivalents and restricted cash at beginning of period 13,318 6,229
Cash, cash equivalents and restricted cash at end of period 8,204 60,070
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 75,172 63,610
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties (700)  
Accretion of put liability 2,444 7,333
Derivative valuation adjustment 60 60
Contributions from noncontrolling interests in subsidiaries $ 3,340 $ 3,373