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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
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
Cash and cash equivalents 5,587 6,526
Restricted cash 2,026 1,691
Loan procurement costs, net of amortization 3,681 3,995
Investment in real estate ventures, at equity 96,227 98,288
Other assets, net 162,633 163,284
Total assets 6,208,888 6,225,020
LIABILITIES AND EQUITY    
Unsecured senior notes, net 2,777,525 2,776,490
Revolving credit facility 18,400 18,100
Mortgage loans and notes payable, net 127,239 128,186
Lease liabilities - finance leases 65,699 65,714
Accounts payable, accrued expenses and other liabilities 202,800 201,419
Distributions payable 115,918 115,820
Deferred revenue 39,268 38,483
Total liabilities 3,346,849 3,344,212
Noncontrolling interests in the Operating Partnership 58,253 60,276
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 224,965,172 and 224,921,053 shares issued and outstanding at March 31, 2024, and December 31, 2023, respectively 2,250 2,249
Additional paid-in capital 4,144,972 4,142,229
Accumulated other comprehensive loss (391) (411)
Accumulated deficit (1,364,723) (1,345,239)
Total CubeSmart shareholders' equity 2,782,108 2,798,828
Noncontrolling interests in subsidiaries 21,678 21,704
Total equity 2,803,786 2,820,532
Total liabilities and equity $ 6,208,888 $ 6,225,020