XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

STORAGE PROPERTIES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
STORAGE PROPERTIES |
Summary of real estate assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | December 31, | ​
​ |  | 2024 |  | 2023 | ​
​ | ​ | (in thousands) | ​
Land | ​ | $ | 1,599,314 | ​ | $ | 1,594,742 | ​
Buildings and improvements | ​ |  | 5,542,740 | ​ |  | 5,517,544 | ​
Equipment | ​ |  | 141,954 | ​ |  | 144,372 | ​
Construction in progress | ​ |  | 71,635 | ​ |  | 69,010 | ​
Right-of-use assets - finance leases | ​ | ​ | 41,945 | ​ | ​ | 41,945 | ​
Storage properties | ​ |  | 7,397,588 | ​ |  | 7,367,613 | ​
Less: Accumulated depreciation | ​ |  | (1,458,854) | ​ |  | (1,416,377) | ​
Storage properties, net | ​ | $ | 5,938,734 | ​ | $ | 5,951,236 | ​
Schedule of acquisitions and dispositions of real estate assets | ​ The following table summarizes the Company’s acquisition and disposition activity since January 1, 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Number of |  | Transaction Price |
Asset/Portfolio | ​ | Metropolitan Statistical Area | ​ | Transaction Date | ​ | Stores | ​ | (in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 Acquisitions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Connecticut Assets | ​ | Hartford-West Hartford-East Hartford, CT | ​ | January 2024 | ​ | 2 | ​ | $ | 20,200 | ​
​ | ​ | ​ | ​ | ​ | ​ | 2 | ​ | $ | 20,200 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 Acquisition: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
New Jersey Asset | ​ | New York-Northern New Jersey-Long Island, NY-NJ-PA | ​ | December 2023 | ​ | 1 | ​ | $ | 22,000 | ​
​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | $ | 22,000 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 Disposition: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Illinois Asset (1) | ​ | Chicago-Naperville-Joliet, IL-IN-WI | ​ | December 2023 | ​ | 1 | ​ | $ | 8,000 | ​
​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | $ | 8,000 | ​

X
- Definition Tabular disclosure of real estate assets included in the discussion of the nature of the entity's operations. + References No definition available. + Details
Name: | cube_ScheduleOfRealEstateInvestmentPropertyTableTextBlock
Namespace Prefix: | cube_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration