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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES      
Rental income $ 911,999 $ 879,289 $ 707,751
Total revenues 1,050,334 1,009,624 822,564
OPERATING EXPENSES      
Property operating expenses 294,780 293,260 252,104
Depreciation and amortization 201,238 310,610 232,049
General and administrative 57,041 54,623 47,809
Total operating expenses 553,059 658,493 531,962
Interest:      
Interest expense on loans (93,065) (93,284) (78,448)
Loan procurement amortization expense (4,141) (3,897) (8,168)
Loss on early extinguishment of debt     (20,328)
Equity in earnings of real estate ventures 6,085 48,877 25,275
Gains from sales of real estate, net     32,698
Other 6,281 (10,355) (10,818)
Total other (expense) income (84,840) (58,659) (59,789)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Operating Partnership interests of third parties $ (2,535) $ (1,931) $ (7,873)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.82 $ 1.29 $ 1.09
Weighted-average basic units outstanding (in units) 225,424 224,928 203,832
Weighted-average diluted units outstanding (in units) 226,241 225,881 205,009
Other Property Related Income      
REVENUES      
Property related income $ 101,793 $ 96,166 $ 83,605
Property Management Fee Income      
REVENUES      
Property related income 36,542 34,169 31,208
CubeSmart, L.P. and Subsidiaries      
REVENUES      
Rental income 911,999 879,289 707,751
Total revenues 1,050,334 1,009,624 822,564
OPERATING EXPENSES      
Property operating expenses 294,780 293,260 252,104
Depreciation and amortization 201,238 310,610 232,049
General and administrative 57,041 54,623 47,809
Total operating expenses 553,059 658,493 531,962
Interest:      
Interest expense on loans (93,065) (93,284) (78,448)
Loan procurement amortization expense (4,141) (3,897) (8,168)
Loss on early extinguishment of debt     (20,328)
Equity in earnings of real estate ventures 6,085 48,877 25,275
Gains from sales of real estate, net     32,698
Other 6,281 (10,355) (10,818)
Total other (expense) income (84,840) (58,659) (59,789)
NET INCOME 412,435 292,472 230,813
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Net loss attributable to noncontrolling interest in subsidiaries 857 722 542
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. 413,292 293,194 231,355
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS $ 413,292 $ 293,194 $ 231,355
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 1.82 $ 1.29 $ 1.10
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 1.82 $ 1.29 $ 1.09
Weighted-average basic units outstanding (in units) 226,817 226,449 210,949
Weighted-average diluted units outstanding (in units) 227,634 227,402 212,126
CubeSmart, L.P. and Subsidiaries | Other Property Related Income      
REVENUES      
Property related income $ 101,793 $ 96,166 $ 83,605
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income      
REVENUES      
Property related income $ 36,542 $ 34,169 $ 31,208