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CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership   $ 60,276    
Contributions from noncontrolling interests in subsidiaries   309 $ 797  
Distributions paid to noncontrolling interest in subsidiaries $ (54) (125) (54) $ (107)
Adjustment for Operating Partnership interests of third parties 93 1,346 2,134 (8,588)
Net income (loss) 93,662 94,317 97,667 97,328
Other comprehensive income (loss), net 20 20 20 20
Balance of Noncontrolling Interests in the Operating Partnership 55,930      
Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 58,253 60,276 65,565 57,419
Adjustment for Operating Partnership interests of third parties (93) (1,346) (2,134) 8,588
Net income (loss) 524 541 616 614
Balance of Noncontrolling Interests in the Operating Partnership 55,930 58,253 63,352 65,565
CubeSmart, L.P. and Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 2,803,786 2,820,532 2,821,596 2,840,381
Balance of Noncontrolling Interests in the Operating Partnership   60,276    
Contributions from noncontrolling interests in subsidiaries   309 797  
Distributions paid to noncontrolling interest in subsidiaries (54) (125) (54) (107)
Issuance of restricted OP units   1    
Issuance of common OP units (39) (10) (55) (91)
Conversion from OP units to shares 2,123 561   361
Exercise of OP unit options 4,518 201 1,801 915
Amortization of restricted OP units 1,897 1,189 1,621 1,171
OP unit compensation expense 800 802 692 730
Adjustment for Operating Partnership interests of third parties 93 1,346 2,134 (8,588)
Net income (loss) 93,662 94,317 97,667 97,328
Other comprehensive income (loss), net 20 20 20 20
Common OP unit distributions (115,390) (115,357) (110,585) (110,524)
Balance 2,791,416 2,803,786 2,815,634 2,821,596
Balance of Noncontrolling Interests in the Operating Partnership 55,930      
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 58,253 60,276 65,565 57,419
Conversion from OP units to shares (2,123) (561)   (361)
Adjustment for Operating Partnership interests of third parties (93) (1,346) (2,134) 8,588
Net income (loss) 524 541 616 614
Common OP unit distributions (631) (657) (695) (695)
Balance of Noncontrolling Interests in the Operating Partnership 55,930 58,253 63,352 65,565
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity        
Increase (Decrease) in Partners' Capital        
Balance 2,782,108 2,798,828 2,807,763 2,826,203
Issuance of restricted OP units   1    
Issuance of common OP units (39) (10) (55) (91)
Conversion from OP units to shares 2,123 561   361
Exercise of OP unit options 4,518 201 1,801 915
Amortization of restricted OP units 1,897 1,189 1,621 1,171
OP unit compensation expense 800 802 692 730
Adjustment for Operating Partnership interests of third parties 93 1,346 2,134 (8,588)
Net income (loss) 93,964 94,527 97,879 97,566
Other comprehensive income (loss), net 20 20 20 20
Common OP unit distributions (115,390) (115,357) (110,585) (110,524)
Balance 2,770,094 2,782,108 2,801,270 2,807,763
CubeSmart, L.P. and Subsidiaries | Operating Partner        
Increase (Decrease) in Partners' Capital        
Balance $ 2,782,499 $ 2,799,239 $ 2,808,234 $ 2,826,694
Balance (in units) 224,965 224,921 224,672 224,603
Issuance of restricted OP units   $ 1    
Issuance of restricted OP units (in units) 28 24 20 22
Issuance of common OP units $ (39) $ (10) $ (55) $ (91)
Conversion from OP units to shares $ 2,123 $ 561   $ 361
Conversion from OP units to shares (in units) 50 12   8
Exercise of OP unit options $ 4,518 $ 201 $ 1,801 $ 915
Exercise of OP unit options (in units) 154 8 105 39
Amortization of restricted OP units $ 1,897 $ 1,189 $ 1,621 $ 1,171
OP unit compensation expense 800 802 692 730
Adjustment for Operating Partnership interests of third parties 93 1,346 2,134 (8,588)
Net income (loss) 93,964 94,527 97,879 97,566
Common OP unit distributions (115,390) (115,357) (110,585) (110,524)
Balance $ 2,770,465 $ 2,782,499 $ 2,801,721 $ 2,808,234
Balance (in units) 225,197 224,965 224,797 224,672
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital        
Balance $ (391) $ (411) $ (471) $ (491)
Other comprehensive income (loss), net 20 20 20 20
Balance (371) (391) (451) (471)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 21,678 21,704 13,833 14,178
Contributions from noncontrolling interests in subsidiaries   309 797  
Distributions paid to noncontrolling interest in subsidiaries (54) (125) (54) (107)
Net income (loss) (302) (210) (212) (238)
Balance $ 21,322 $ 21,678 $ 14,364 $ 13,833