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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Operating Activities      
Net income $ 94,858 $ 97,942  
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 51,747 51,369  
Non-cash portion of interest expense related to finance leases (15) (18)  
Equity in earnings of real estate ventures (845) (2,551)  
Cash distributed from real estate ventures 1,222 1,200  
Equity compensation expense 2,829 2,536  
Accretion of fair market value adjustment of debt (172) (260)  
Changes in other operating accounts:      
Other assets 56 (3,317)  
Accounts payable and accrued expenses (235) (10,912)  
Other liabilities 705 717  
Net cash provided by operating activities 150,150 136,706  
Investing Activities      
Acquisitions of storage properties (20,147)    
Additions and improvements to storage properties (9,656) (11,150)  
Development costs (6,101) (18,067)  
Investment in real estate ventures (305) (5)  
Cash distributed from real estate ventures 1,989 3,662  
Net cash used in investing activities (34,220) (25,560)  
Proceeds from:      
Revolving credit facility 213,920 220,073  
Principal payments on:      
Revolving credit facility (213,620) (219,573)  
Mortgage loans and notes payable (456) (638)  
Loan procurement costs   (39)  
Cash paid upon vesting of restricted OP units (838) (635)  
Contributions from noncontrolling interests in subsidiaries 309    
Distributions paid to noncontrolling interests in subsidiaries (125) (107)  
Distributions paid to common OP unitholders (115,253) (110,495)  
Net cash used in financing activities (116,534) (111,289)  
Change in cash, cash equivalents and restricted cash (604) (143)  
Cash, cash equivalents and restricted cash at beginning of period 8,217 8,925 $ 8,925
Cash, cash equivalents and restricted cash at end of period 7,613 8,782 8,217
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 31,551 32,202  
Supplemental disclosure of noncash activities:      
Derivative valuation adjustment 20 20  
CubeSmart, L.P. and Subsidiaries      
Operating Activities      
Net income 94,858 97,942  
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 51,747 51,369  
Non-cash portion of interest expense related to finance leases (15) (18)  
Equity in earnings of real estate ventures (845) (2,551)  
Cash distributed from real estate ventures 1,222 1,200  
Equity compensation expense 2,829 2,536  
Accretion of fair market value adjustment of debt (172) (260)  
Changes in other operating accounts:      
Other assets 56 (3,317)  
Accounts payable and accrued expenses (235) (10,912)  
Other liabilities 705 717  
Net cash provided by operating activities 150,150 136,706  
Investing Activities      
Acquisitions of storage properties (20,147)    
Additions and improvements to storage properties (9,656) (11,150)  
Development costs (6,101) (18,067)  
Investment in real estate ventures (305) (5)  
Cash distributed from real estate ventures 1,989 3,662  
Net cash used in investing activities (34,220) (25,560)  
Proceeds from:      
Revolving credit facility 213,920 220,073  
Principal payments on:      
Revolving credit facility (213,620) (219,573)  
Mortgage loans and notes payable (456) (638)  
Loan procurement costs   (39)  
Issuance of common OP units, net (9) (91)  
Cash paid upon vesting of restricted OP units (838) (635)  
Exercise of OP unit options 201 915  
Contributions from noncontrolling interests in subsidiaries 309    
Distributions paid to noncontrolling interests in subsidiaries (125) (107)  
Distributions paid to common OP unitholders (115,916) (111,194)  
Net cash used in financing activities (116,534) (111,289)  
Change in cash, cash equivalents and restricted cash (604) (143)  
Cash, cash equivalents and restricted cash at beginning of period 8,217 8,925 8,925
Cash, cash equivalents and restricted cash at end of period 7,613 8,782 $ 8,217
Supplemental Cash Flow and Noncash Information      
Cash paid for interest, net of interest capitalized 31,551 32,202  
Supplemental disclosure of noncash activities:      
Derivative valuation adjustment $ 20 $ 20