XML 71 R58.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
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   $ 3,340    
Distributions paid to noncontrolling interest in subsidiaries $ (89) (54) (107) (5,237) $ (61) $ (2,033)
Adjustment for Operating Partnership interests of third parties 9,035 2,134 (8,588) 3,990 13,349 10,356
Net income (loss) 102,433 97,667 97,328 112,707 58,215 37,974
Other comprehensive income (loss), net 20 20 20 20 20 19
Balance of Noncontrolling Interests in the Operating Partnership 51,877          
Noncontrolling Interests in the Operating Partnership            
Increase (Decrease) in Partners' Capital            
Balance of Noncontrolling Interests in the Operating Partnership 63,352 65,565 57,419 62,393 75,991 108,220
Adjustment for Operating Partnership interests of third parties (9,035) (2,134) 8,588 (3,990) (13,349) (10,356)
Net income (loss) 640 616 614 733 379 292
Other comprehensive income (loss), net           1
Balance of Noncontrolling Interests in the Operating Partnership 51,877 63,352 65,565 58,508 62,393 75,991
CubeSmart, L.P. and Subsidiaries            
Increase (Decrease) in Partners' Capital            
Balance 2,815,634 2,821,596 2,840,381 2,840,126 2,863,455 2,890,160
Balance of Noncontrolling Interests in the Operating Partnership     57,419      
Contributions from noncontrolling interests in subsidiaries   797   3,340    
Distributions paid to noncontrolling interest in subsidiaries (89) (54) (107) (5,237) (61) (2,033)
Issuance of common OP units       5,055    
Issuance of restricted OP units         1  
Issuance of common OP units (79) (55) (91)   (42) (123)
Conversion from OP units to shares 2,413   361     21,538
Exercise of OP unit options   1,801 915 364   1,226
Amortization of restricted OP units 1,811 1,621 1,171 1,621 1,373 519
OP unit compensation expense 701 692 730 636 635 636
Adjustment for Operating Partnership interests of third parties 9,035 2,134 (8,588) 3,990 13,349 10,356
Net income (loss) 102,433 97,667 97,328 112,707 58,215 37,974
Other comprehensive income (loss), net 20 20 20 20 20 19
Common OP unit distributions (110,613) (110,585) (110,524) (96,867) (96,819) (96,817)
Balance 2,821,266 2,815,634 2,821,596 2,865,755 2,840,126 2,863,455
Balance of Noncontrolling Interests in the Operating Partnership 51,877          
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership            
Increase (Decrease) in Partners' Capital            
Balance of Noncontrolling Interests in the Operating Partnership 63,352 65,565 57,419 62,393 75,991 108,220
Conversion from OP units to shares (2,413)   (361)     (21,538)
Adjustment for Operating Partnership interests of third parties (9,035) (2,134) 8,588 (3,990) (13,349) (10,356)
Net income (loss) 640 616 614 733 379 292
Other comprehensive income (loss), net           1
Common OP unit distributions (667) (695) (695) (628) (628) (628)
Balance of Noncontrolling Interests in the Operating Partnership 51,877 63,352 65,565 58,508 62,393 75,991
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity            
Increase (Decrease) in Partners' Capital            
Balance 2,801,270 2,807,763 2,826,203 2,823,947 2,847,072 2,871,563
Issuance of common OP units       5,055    
Issuance of restricted OP units         1  
Issuance of common OP units (79) (55) (91)   (42) (123)
Conversion from OP units to shares 2,413   361     21,538
Exercise of OP unit options   1,801 915 364   1,226
Amortization of restricted OP units 1,811 1,621 1,171 1,621 1,373 519
OP unit compensation expense 701 692 730 636 635 636
Adjustment for Operating Partnership interests of third parties 9,035 2,134 (8,588) 3,990 13,349 10,356
Net income (loss) 102,645 97,879 97,566 112,888 58,358 38,155
Other comprehensive income (loss), net 20 20 20 20 20 19
Common OP unit distributions (110,613) (110,585) (110,524) (96,867) (96,819) (96,817)
Balance 2,807,203 2,801,270 2,807,763 2,851,654 2,823,947 2,847,072
CubeSmart, L.P. and Subsidiaries | Operating Partner            
Increase (Decrease) in Partners' Capital            
Balance $ 2,801,721 $ 2,808,234 $ 2,826,694 $ 2,824,478 $ 2,847,623 $ 2,872,133
Balance (in units) 224,797 224,672 224,603 224,453 224,434 223,918
Issuance of common OP units       $ 5,055    
Issuance of common OP units (in units)       102    
Issuance of restricted OP units         $ 1  
Issuance of restricted OP units (in units) 4 20 22 1 19 35
Issuance of common OP units $ (79) $ (55) $ (91)   $ (42) $ (123)
Conversion from OP units to shares $ 2,413   $ 361     $ 21,538
Conversion from OP units to shares (in units) 58   8     441
Exercise of OP unit options   $ 1,801 $ 915 $ 364   $ 1,226
Exercise of OP unit options (in units)   105 39 12   40
Amortization of restricted OP units $ 1,811 $ 1,621 $ 1,171 $ 1,621 1,373 $ 519
OP unit compensation expense 701 692 730 636 635 636
Adjustment for Operating Partnership interests of third parties 9,035 2,134 (8,588) 3,990 13,349 10,356
Net income (loss) 102,645 97,879 97,566 112,888 58,358 38,155
Common OP unit distributions (110,613) (110,585) (110,524) (96,867) (96,819) (96,817)
Balance $ 2,807,634 $ 2,801,721 $ 2,808,234 $ 2,852,165 $ 2,824,478 $ 2,847,623
Balance (in units) 224,859 224,797 224,672 224,568 224,453 224,434
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)            
Increase (Decrease) in Partners' Capital            
Balance $ (451) $ (471) $ (491) $ (531) $ (551) $ (570)
Other comprehensive income (loss), net 20 20 20 20 20 19
Balance (431) (451) (471) (511) (531) (551)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries            
Increase (Decrease) in Partners' Capital            
Balance 14,364 13,833 14,178 16,179 16,383 18,597
Contributions from noncontrolling interests in subsidiaries   797   3,340    
Distributions paid to noncontrolling interest in subsidiaries (89) (54) (107) (5,237) (61) (2,033)
Net income (loss) (212) (212) (238) (181) (143) (181)
Balance $ 14,063 $ 14,364 $ 13,833 $ 14,101 $ 16,179 $ 16,383