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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 196,225 $ 96,860
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 102,768 163,519
Non-cash portion of interest expense related to finance leases (31) (30)
Equity in earnings of real estate ventures (3,341) (974)
Equity compensation expense 4,985 4,505
Accretion of fair market value adjustment of debt (531) (551)
Changes in other operating accounts:    
Other assets (18,888) (493)
Accounts payable and accrued expenses 14,097 18,602
Other liabilities 1,487 2,866
Net cash provided by operating activities 296,771 284,304
Investing Activities    
Acquisitions of storage properties   (68,543)
Additions and improvements to storage properties (25,274) (17,612)
Development costs (27,718) (13,311)
Investment in real estate ventures (10) (10)
Cash distributed from real estate ventures 7,862 6,208
Proceeds from sale of real estate, net   43,193
Net cash used in investing activities (45,140) (50,075)
Proceeds from:    
Revolving credit facility 454,934 295,330
Principal payments on:    
Revolving credit facility (452,634) (336,330)
Mortgage loans and notes payable (31,698) (1,204)
Loan procurement costs (39)  
Cash paid upon vesting of restricted OP units (771) (1,342)
Contributions from noncontrolling interests in subsidiaries 797  
Distributions paid to noncontrolling interests in subsidiaries (161) (2,094)
Distributions paid to common OP unitholders (221,015) (193,419)
Net cash (used in) provided by financing activities (249,411) (239,443)
Change in cash, cash equivalents and restricted cash 2,220 (5,214)
Cash, cash equivalents and restricted cash at beginning of period 8,925 13,318
Cash, cash equivalents and restricted cash at end of period 11,145 8,104
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 48,357 40,686
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties   (700)
Accretion of put liability   1,833
Derivative valuation adjustment 40 40
CubeSmart, L.P. and Subsidiaries    
Operating Activities    
Net income 196,225 96,860
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 102,768 163,519
Non-cash portion of interest expense related to finance leases (31) (30)
Equity in earnings of real estate ventures (3,341) (974)
Equity compensation expense 4,985 4,505
Accretion of fair market value adjustment of debt (531) (551)
Changes in other operating accounts:    
Other assets (18,888) (493)
Accounts payable and accrued expenses 14,097 18,602
Other liabilities 1,487 2,866
Net cash provided by operating activities 296,771 284,304
Investing Activities    
Acquisitions of storage properties   (68,543)
Additions and improvements to storage properties (25,274) (17,612)
Development costs (27,718) (13,311)
Investment in real estate ventures (10) (10)
Cash distributed from real estate ventures 7,862 6,208
Proceeds from sale of real estate, net   43,193
Net cash used in investing activities (45,140) (50,075)
Proceeds from:    
Revolving credit facility 454,934 295,330
Principal payments on:    
Revolving credit facility (452,634) (336,330)
Mortgage loans and notes payable (31,698) (1,204)
Loan procurement costs (39)  
Proceeds from issuance of common OP units (146) (164)
Cash paid upon vesting of restricted OP units (771) (1,342)
Exercise of OP unit options 2,716 1,226
Contributions from noncontrolling interests in subsidiaries 797  
Distributions paid to noncontrolling interests in subsidiaries (161) (2,094)
Distributions paid to common OP unitholders (222,409) (194,865)
Net cash (used in) provided by financing activities (249,411) (239,443)
Change in cash, cash equivalents and restricted cash 2,220 (5,214)
Cash, cash equivalents and restricted cash at beginning of period 8,925 13,318
Cash, cash equivalents and restricted cash at end of period 11,145 8,104
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 48,357 40,686
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties   (700)
Accretion of put liability   1,833
Derivative valuation adjustment $ 40 $ 40