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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating Activities          
Net income $ 94,186 $ 98,283 $ 189,044 $ 196,225  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization, including amortization of loan procurement costs     103,797 102,768  
Non-cash portion of interest expense related to finance leases     (29) (31)  
Equity in earnings of real estate ventures (425) (790) (1,270) (3,341)  
Cash distributed from real estate ventures     2,325 2,311  
Equity compensation expense     5,687 4,985  
Accretion of fair market value adjustment of debt     (289) (531)  
Changes in other operating accounts:          
Other assets     (6,070) (18,888)  
Accounts payable and accrued expenses     25,804 14,097  
Other liabilities     2,013 1,487  
Net cash provided by operating activities     321,012 299,082  
Investing Activities          
Acquisitions of storage properties     (20,147)    
Additions and improvements to storage properties     (21,068) (25,274)  
Development costs     (16,528) (27,718)  
Investments in real estate ventures     (310) (10)  
Cash distributed from real estate ventures     3,490 5,551  
Net cash used in investing activities     (54,563) (47,451)  
Proceeds from:          
Revolving credit facility     410,587 454,934  
Principal payments on:          
Revolving credit facility     (418,087) (452,634)  
Mortgage loans and notes payable     (31,857) (31,698)  
Loan procurement costs       (39)  
Cash paid upon vesting of restricted OP units     (999) (771)  
Contributions from noncontrolling interests in subsidiaries     309 797  
Distributions paid to noncontrolling interests in subsidiaries     (179) (161)  
Distributions paid to common OP unitholders     (230,521) (221,015)  
Net cash used in financing activities     (267,396) (249,411)  
Change in cash, cash equivalents and restricted cash     (947) 2,220  
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 7,270 11,145 7,270 11,145 8,217
Supplemental Cash Flow and Noncash Information          
Cash paid for interest, net of interest capitalized     46,904 48,357  
Supplemental disclosure of noncash activities:          
Derivative valuation adjustment     40 40  
CubeSmart, L.P. and Subsidiaries          
Operating Activities          
Net income     189,044 196,225  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization, including amortization of loan procurement costs     103,797 102,768  
Non-cash portion of interest expense related to finance leases     (29) (31)  
Equity in earnings of real estate ventures (425) (790) (1,270) (3,341)  
Cash distributed from real estate ventures     2,325 2,311  
Equity compensation expense     5,687 4,985  
Accretion of fair market value adjustment of debt     (289) (531)  
Changes in other operating accounts:          
Other assets     (6,070) (18,888)  
Accounts payable and accrued expenses     25,804 14,097  
Other liabilities     2,013 1,487  
Net cash provided by operating activities     321,012 299,082  
Investing Activities          
Acquisitions of storage properties     (20,147)    
Additions and improvements to storage properties     (21,068) (25,274)  
Development costs     (16,528) (27,718)  
Investments in real estate ventures     (310) (10)  
Cash distributed from real estate ventures     3,490 5,551  
Net cash used in investing activities     (54,563) (47,451)  
Proceeds from:          
Revolving credit facility     410,587 454,934  
Principal payments on:          
Revolving credit facility     (418,087) (452,634)  
Mortgage loans and notes payable     (31,857) (31,698)  
Loan procurement costs       (39)  
Issuance of common OP units, net     (48) (146)  
Cash paid upon vesting of restricted OP units     (999) (771)  
Exercise of OP unit options     4,719 2,716  
Contributions from noncontrolling interests in subsidiaries     309 797  
Distributions paid to noncontrolling interests in subsidiaries     (179) (161)  
Distributions paid to common OP unitholders     (231,841) (222,409)  
Net cash used in financing activities     (267,396) (249,411)  
Change in cash, cash equivalents and restricted cash     (947) 2,220  
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 $ 7,270 $ 11,145 7,270 11,145 $ 8,217
Supplemental Cash Flow and Noncash Information          
Cash paid for interest, net of interest capitalized     46,904 48,357  
Supplemental disclosure of noncash activities:          
Derivative valuation adjustment     $ 40 $ 40