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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Storage properties $ 7,367,613 $ 7,295,778
Less: Accumulated depreciation (1,416,377) (1,247,775)
Storage properties, net 5,951,236 6,048,003
Cash and cash equivalents 6,526 6,064
Restricted cash 1,691 2,861
Loan procurement costs, net of amortization 3,995 5,182
Investment in real estate ventures, at equity 98,288 105,993
Assets held for sale   3,745
Other assets, net 163,284 153,982
Total assets 6,225,020 6,325,830
LIABILITIES AND EQUITY    
Unsecured senior notes, net 2,776,490 2,772,350
Revolving credit facility 18,100 60,900
Mortgage loans and notes payable, net 128,186 162,918
Lease liabilities - finance leases 65,714 65,758
Accounts payable, accrued expenses and other liabilities 201,419 214,384
Distributions payable 115,820 111,190
Deferred revenue 38,483 38,757
Liabilities held for sale   1,773
Total liabilities 3,344,212 3,428,030
Noncontrolling interests in the Operating Partnership 60,276 57,419
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 224,921,053 and 224,603,462 shares issued and outstanding at December 31, 2023, and December 31, 2022, respectively 2,249 2,246
Additional paid-in capital 4,142,229 4,125,478
Accumulated other comprehensive loss (411) (491)
Accumulated deficit (1,345,239) (1,301,030)
Total CubeSmart shareholders' equity 2,798,828 2,826,203
Noncontrolling interests in subsidiaries 21,704 14,178
Total equity 2,820,532 2,840,381
Total liabilities and equity $ 6,225,020 $ 6,325,830