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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Rental income $ 223,584 $ 208,371
Total revenues 256,528 238,565
OPERATING EXPENSES    
Property operating expenses 71,127 70,567
Depreciation and amortization 50,329 82,557
General and administrative 14,674 14,525
Total operating expenses 136,130 167,649
Interest:    
Interest expense on loans (23,691) (22,824)
Loan procurement amortization expense (1,040) (957)
Equity in earnings of real estate ventures 2,551 294
Other (276) (9,163)
Total other expense (22,456) (32,650)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Operating Partnership interests of third parties $ (614) $ (292)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.43 $ 0.17
Weighted-average basic units outstanding (in units) 225,294 224,663
Weighted-average diluted units outstanding (in units) 226,183 225,737
Other Property Related Income    
REVENUES    
Property related income $ 24,384 $ 22,280
Property Management Fee Income    
REVENUES    
Property related income 8,560 7,914
CubeSmart, L.P. and Subsidiaries    
REVENUES    
Rental income 223,584 208,371
Total revenues 256,528 238,565
OPERATING EXPENSES    
Property operating expenses 71,127 70,567
Depreciation and amortization 50,329 82,557
General and administrative 14,674 14,525
Total operating expenses 136,130 167,649
Interest:    
Interest expense on loans (23,691) (22,824)
Loan procurement amortization expense (1,040) (957)
Equity in earnings of real estate ventures 2,551 294
Other (276) (9,163)
Total other expense (22,456) (32,650)
NET INCOME 97,942 38,266
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Noncontrolling interest in subsidiaries 238 181
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. 98,180 38,447
Operating Partnership interests of third parties (614) (292)
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS $ 97,566 $ 38,155
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.43 $ 0.17
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.43 $ 0.17
Weighted-average basic units outstanding (in units) 225,294 224,663
Weighted-average diluted units outstanding (in units) 226,183 225,737
CubeSmart, L.P. and Subsidiaries | Other Property Related Income    
REVENUES    
Property related income $ 24,384 $ 22,280
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income    
REVENUES    
Property related income $ 8,560 $ 7,914