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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 97,942 $ 38,266
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 51,369 83,514
Non-cash portion of interest expense related to finance leases (18) (18)
Equity in earnings of real estate ventures (2,551) (294)
Equity compensation expense 2,536 2,193
Accretion of fair market value adjustment of debt (260) (269)
Changes in other operating accounts:    
Other assets (3,317) 4,085
Accounts payable and accrued expenses (10,912) 1,911
Other liabilities 717 1,347
Net cash provided by operating activities 135,506 130,735
Investing Activities    
Acquisitions of storage properties   (39,761)
Additions and improvements to storage properties (11,150) (7,755)
Development costs (18,067) (7,785)
Investment in real estate ventures (5) (5)
Cash distributed from real estate ventures 4,862 3,025
Proceeds from sale of real estate, net   43,193
Net cash used in investing activities (24,360) (9,088)
Proceeds from:    
Revolving credit facility 220,073 151,532
Principal payments on:    
Revolving credit facility (219,573) (176,032)
Mortgage loans and notes payable (638) (611)
Loan procurement costs (39)  
Cash paid upon vesting of restricted OP units (635) (1,038)
Distributions paid to noncontrolling interests in subsidiaries (107) (2,033)
Distributions paid to common OP unitholders (110,495) (96,605)
Net cash (used in) provided by financing activities (111,289) (124,502)
Change in cash, cash equivalents and restricted cash (143) (2,855)
Cash, cash equivalents and restricted cash at beginning of period 8,925 13,318
Cash, cash equivalents and restricted cash at end of period 8,782 10,463
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 32,202 24,725
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties   (700)
Accretion of put liability   1,222
Derivative valuation adjustment 20 20
CubeSmart, L.P. and Subsidiaries    
Operating Activities    
Net income 97,942 38,266
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 51,369 83,514
Non-cash portion of interest expense related to finance leases (18) (18)
Equity in earnings of real estate ventures (2,551) (294)
Equity compensation expense 2,536 2,193
Accretion of fair market value adjustment of debt (260) (269)
Changes in other operating accounts:    
Other assets (3,317) 4,085
Accounts payable and accrued expenses (10,912) 1,911
Other liabilities 717 1,347
Net cash provided by operating activities 135,506 130,735
Investing Activities    
Acquisitions of storage properties   (39,761)
Additions and improvements to storage properties (11,150) (7,755)
Development costs (18,067) (7,785)
Investment in real estate ventures (5) (5)
Cash distributed from real estate ventures 4,862 3,025
Proceeds from sale of real estate, net   43,193
Net cash used in investing activities (24,360) (9,088)
Proceeds from:    
Revolving credit facility 220,073 151,532
Principal payments on:    
Revolving credit facility (219,573) (176,032)
Mortgage loans and notes payable (638) (611)
Loan procurement costs (39)  
Proceeds from issuance of common OP units (91) (123)
Cash paid upon vesting of restricted OP units (635) (1,038)
Exercise of OP unit options 915 1,226
Distributions paid to noncontrolling interests in subsidiaries (107) (2,033)
Distributions paid to common OP unitholders (111,194) (97,423)
Net cash (used in) provided by financing activities (111,289) (124,502)
Change in cash, cash equivalents and restricted cash (143) (2,855)
Cash, cash equivalents and restricted cash at beginning of period 8,925 13,318
Cash, cash equivalents and restricted cash at end of period 8,782 10,463
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 32,202 24,725
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties   (700)
Accretion of put liability   1,222
Derivative valuation adjustment $ 20 $ 20