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v3.23.2

INVESTMENT ACTIVITY (Details) |  |  |  | 3 Months Ended | 6 Months Ended | 12 Months Ended | 18 Months Ended
--- | --- | --- | --- | --- | --- | --- | ---
Jan. 18, 2023 USD ($) | Apr. 28, 2022 USD ($) | Feb. 02, 2022 USD ($) | Jun. 30, 2023 USD ($) facility | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) facility | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) facility | Jun. 30, 2023 USD ($) facility
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | $ 2
Right-of-use assets - operating leases |  |  |  | $ 50,389,000 |  | $ 50,389,000 |  | $ 49,491,000 | 50,389,000
Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | $ 59,000
Self storage under construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities | facility |  |  |  | 3 |  | 3 |  |  | 3
Development costs |  |  |  | $ 42,900,000 |  | $ 42,900,000 |  |  | $ 42,900,000
Expected construction cost |  |  |  | $ 82,500,000 |  | $ 82,500,000 |  |  | $ 82,500,000
Self storage under construction | New York |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities | facility |  |  |  | 2 |  | 2 |  |  | 2
Self storage under construction | New Jersey |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities | facility |  |  |  | 1 |  | 1 |  |  | 1
Self Storage Facility in Valley Stream, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | $ 1
Option to put ownership interest in the venture | $ 49 |  |  |  |  |  |  |  |
Cash portion of put option paid | $ 15,300,000 |  |  |  |  |  |  |  |
Self Storage Facility in Valley Stream, NY | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | 37,200,000
Self Storage Facility in Vienna, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of facilities, construction completed and opened |  |  |  |  |  |  |  |  | 1
Self Storage Facility in Vienna, VA | Construction |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Total Construction Costs |  |  |  |  |  |  |  |  | $ 21,800,000
Self-storage Facility in Bronx, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Lease liability derecognized |  |  | $ 5,000,000.0 |  |  |  |  |  |
Right of use Assets derecognized |  |  | 4,100,000 |  |  |  |  |  |
2022 Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 3 | 3
Aggregate purchase price |  |  |  |  |  |  |  | $ 75,700,000 | $ 75,700,000
Intangible value of the in-place leases |  |  |  |  |  |  |  | $ 3,400,000 |
Estimated life |  |  |  |  |  |  |  | 12 months |
2022 Acquisitions | Leases, Acquired-in-Place |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Amortization expense |  |  |  | $ 500,000 | $ 300,000 | $ 1,200,000 | $ 500,000 |  |
2022 Acquisitions | Texas |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2022 Acquisitions | Maryland |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2022 Acquisitions | Georgia |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  |  |  |  |  | 1 |
2022 Acquisitions | Self-storage Facility in Bronx, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Aggregate purchase price |  |  | $ 7,500,000 |  |  |  |  |  |
2022 Dispositions | LAACO |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Aggregate sale price |  |  |  |  |  |  |  | $ 44,000,000.0 |
Gains from sales of real estate, net |  |  |  |  |  |  |  | $ 0 |
Joint Venture |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Real estate property acquired, land subject to ground lease |  | $ 6,100,000 |  |  |  |  |  |  |
Joint Venture | Acquisitions |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Percentage of interest acquired |  | 20.00% |  |  |  |  |  |  |
Joint Venture | Self Storage Facility in Valley Stream, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  | 51.00% |
Cubesmart |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest by Parent |  |  |  | 99.40% |  | 99.40% |  |  | 99.40%
Cubesmart | Self Storage Facility in Valley Stream, NY |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 100.00%
Cubesmart | Self Storage Facility in Vienna, VA |  |  |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |  |  |
Ownership interest held by the entity (as a percent) |  |  |  |  |  |  |  |  | 80.00%

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- Definition This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired. + References No definition available. + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482130/360-10-45-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-3 + Details
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