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CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership   $ 57,419    
Contributions from noncontrolling interests in subsidiaries $ 797      
Distributions paid to noncontrolling interest in subsidiaries (54) (107) $ (61) $ (2,033)
Adjustment for Operating Partnership interests of third parties 2,134 (8,588) 13,349 10,356
Net income (loss) 97,667 97,328 58,215 37,974
Other comprehensive income (loss), net 20 20 20 19
Balance of Noncontrolling Interests in the Operating Partnership 63,352      
Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 65,565 57,419 75,991 108,220
Adjustment for Operating Partnership interests of third parties (2,134) 8,588 (13,349) (10,356)
Net income (loss) 616 614 379 292
Other comprehensive income (loss), net       1
Balance of Noncontrolling Interests in the Operating Partnership 63,352 65,565 62,393 75,991
CubeSmart, L.P. and Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 2,821,596 2,840,381 2,863,455 2,890,160
Balance of Noncontrolling Interests in the Operating Partnership   57,419    
Contributions from noncontrolling interests in subsidiaries 797      
Distributions paid to noncontrolling interest in subsidiaries (54) (107) (61) (2,033)
Issuance of restricted OP units     1  
Issuance of common OP units (55) (91) (42) (123)
Conversion from OP units to shares   361   21,538
Exercise of OP unit options 1,801 915   1,226
Amortization of restricted OP units 1,621 1,171 1,373 519
OP unit compensation expense 692 730 635 636
Adjustment for Operating Partnership interests of third parties 2,134 (8,588) 13,349 10,356
Net income (loss) 97,667 97,328 58,215 37,974
Other comprehensive income (loss), net 20 20 20 19
Common OP unit distributions (110,585) (110,524) (96,819) (96,817)
Balance 2,815,634 2,821,596 2,840,126 2,863,455
Balance of Noncontrolling Interests in the Operating Partnership 63,352      
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 65,565 57,419 75,991 108,220
Conversion from OP units to shares   (361)   (21,538)
Adjustment for Operating Partnership interests of third parties (2,134) 8,588 (13,349) (10,356)
Net income (loss) 616 614 379 292
Other comprehensive income (loss), net       1
Common OP unit distributions (695) (695) (628) (628)
Balance of Noncontrolling Interests in the Operating Partnership 63,352 65,565 62,393 75,991
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity        
Increase (Decrease) in Partners' Capital        
Balance 2,807,763 2,826,203 2,847,072 2,871,563
Issuance of restricted OP units     1  
Issuance of common OP units (55) (91) (42) (123)
Conversion from OP units to shares   361   21,538
Exercise of OP unit options 1,801 915   1,226
Amortization of restricted OP units 1,621 1,171 1,373 519
OP unit compensation expense 692 730 635 636
Adjustment for Operating Partnership interests of third parties 2,134 (8,588) 13,349 10,356
Net income (loss) 97,879 97,566 58,358 38,155
Other comprehensive income (loss), net 20 20 20 19
Common OP unit distributions (110,585) (110,524) (96,819) (96,817)
Balance 2,801,270 2,807,763 2,823,947 2,847,072
CubeSmart, L.P. and Subsidiaries | Operating Partner        
Increase (Decrease) in Partners' Capital        
Balance $ 2,808,234 $ 2,826,694 $ 2,847,623 $ 2,872,133
Balance (in units) 224,672 224,603 224,434 223,918
Issuance of restricted OP units     $ 1  
Issuance of restricted OP units (in units) 20 22 19 35
Issuance of common OP units $ (55) $ (91) $ (42) $ (123)
Conversion from OP units to shares   $ 361   $ 21,538
Conversion from OP units to shares (in units)   8   441
Exercise of OP unit options $ 1,801 $ 915   $ 1,226
Exercise of OP unit options (in units) 105 39   40
Amortization of restricted OP units $ 1,621 $ 1,171 1,373 $ 519
OP unit compensation expense 692 730 635 636
Adjustment for Operating Partnership interests of third parties 2,134 (8,588) 13,349 10,356
Net income (loss) 97,879 97,566 58,358 38,155
Common OP unit distributions (110,585) (110,524) (96,819) (96,817)
Balance $ 2,801,721 $ 2,808,234 $ 2,824,478 $ 2,847,623
Balance (in units) 224,797 224,672 224,453 224,434
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital        
Balance $ (471) $ (491) $ (551) $ (570)
Other comprehensive income (loss), net 20 20 20 19
Balance (451) (471) (531) (551)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 13,833 14,178 16,383 18,597
Contributions from noncontrolling interests in subsidiaries 797      
Distributions paid to noncontrolling interest in subsidiaries (54) (107) (61) (2,033)
Net income (loss) (212) (238) (143) (181)
Balance $ 14,364 $ 13,833 $ 16,179 $ 16,383