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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Rental income $ 225,190 $ 223,584
Total revenues 261,406 256,528
OPERATING EXPENSES    
Property operating expenses 77,037 71,127
Depreciation and amortization 50,717 50,329
General and administrative 15,625 14,674
Total operating expenses 143,379 136,130
Interest:    
Interest expense on loans (22,919) (23,691)
Loan procurement amortization expense (1,030) (1,040)
Equity in earnings of real estate ventures 845 2,551
Other (65) (276)
Total other (expense) income (23,169) (22,456)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Operating Partnership interests of third parties $ (541) $ (614)
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.42 $ 0.43
Weighted-average basic units outstanding (in units) 225,767 225,294
Weighted-average diluted units outstanding (in units) 226,575 226,183
Other Property Related Income    
REVENUES    
Property related income $ 26,316 $ 24,384
Property Management Fee Income    
REVENUES    
Property related income 9,900 8,560
CubeSmart, L.P. and Subsidiaries    
REVENUES    
Rental income 225,190 223,584
Total revenues 261,406 256,528
OPERATING EXPENSES    
Property operating expenses 77,037 71,127
Depreciation and amortization 50,717 50,329
General and administrative 15,625 14,674
Total operating expenses 143,379 136,130
Interest:    
Interest expense on loans (22,919) (23,691)
Loan procurement amortization expense (1,030) (1,040)
Equity in earnings of real estate ventures 845 2,551
Other (65) (276)
Total other (expense) income (23,169) (22,456)
NET INCOME 94,858 97,942
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Net loss attributable to noncontrolling interest in subsidiaries 210 238
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. 95,068 98,180
NET INCOME ATTRIBUTABLE TO COMMON UNITHOLDERS $ 95,068 $ 98,180
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.42 $ 0.43
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.42 $ 0.43
Weighted-average basic units outstanding (in units) 227,057 226,717
Weighted-average diluted units outstanding (in units) 227,865 227,606
CubeSmart, L.P. and Subsidiaries | Other Property Related Income    
REVENUES    
Property related income $ 26,316 $ 24,384
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income    
REVENUES    
Property related income $ 9,900 $ 8,560