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CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
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 $ (130) $ (54) (125) $ (89) (54) $ (107)
Adjustment for Operating Partnership interests of third parties (10,801) 93 1,346 9,035 2,134 (8,588)
Net income (loss) 100,399 93,662 94,317 102,433 97,667 97,328
Other comprehensive income (loss), net 20 20 20 20 20 20
Balance of Noncontrolling Interests in the Operating Partnership 66,330          
Noncontrolling Interests in the Operating Partnership            
Increase (Decrease) in Partners' Capital            
Balance of Noncontrolling Interests in the Operating Partnership 55,930 58,253 60,276 63,352 65,565 57,419
Adjustment for Operating Partnership interests of third parties 10,801 (93) (1,346) (9,035) (2,134) 8,588
Net income (loss) 551 524 541 640 616 614
Balance of Noncontrolling Interests in the Operating Partnership 66,330 55,930 58,253 51,877 63,352 65,565
CubeSmart, L.P. and Subsidiaries            
Increase (Decrease) in Partners' Capital            
Balance 2,791,416 2,803,786 2,820,532 2,815,634 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 (130) (54) (125) (89) (54) (107)
Issuance of restricted OP units     1      
Issuance of common OP units   (39) (10) (79) (55) (91)
Issuance of OP units 32,768          
Conversion from OP units to shares 324 2,123 561 2,413   361
Exercise of OP unit options 5,222 4,518 201   1,801 915
Amortization of restricted OP units 2,066 1,897 1,189 1,811 1,621 1,171
OP unit compensation expense 808 800 802 701 692 730
Adjustment for Operating Partnership interests of third parties (10,801) 93 1,346 9,035 2,134 (8,588)
Net income (loss) 100,399 93,662 94,317 102,433 97,667 97,328
Other comprehensive income (loss), net 20 20 20 20 20 20
Common OP unit distributions (115,790) (115,390) (115,357) (110,613) (110,585) (110,524)
Balance 2,806,302 2,791,416 2,803,786 2,821,266 2,815,634 2,821,596
Balance of Noncontrolling Interests in the Operating Partnership 66,330          
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership            
Increase (Decrease) in Partners' Capital            
Balance of Noncontrolling Interests in the Operating Partnership 55,930 58,253 60,276 63,352 65,565 57,419
Conversion from OP units to shares (324) (2,123) (561) (2,413)   (361)
Adjustment for Operating Partnership interests of third parties 10,801 (93) (1,346) (9,035) (2,134) 8,588
Net income (loss) 551 524 541 640 616 614
Common OP unit distributions (628) (631) (657) (667) (695) (695)
Balance of Noncontrolling Interests in the Operating Partnership 66,330 55,930 58,253 51,877 63,352 65,565
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity            
Increase (Decrease) in Partners' Capital            
Balance 2,770,094 2,782,108 2,798,828 2,801,270 2,807,763 2,826,203
Issuance of restricted OP units     1      
Issuance of common OP units   (39) (10) (79) (55) (91)
Issuance of OP units 32,768          
Conversion from OP units to shares 324 2,123 561 2,413   361
Exercise of OP unit options 5,222 4,518 201   1,801 915
Amortization of restricted OP units 2,066 1,897 1,189 1,811 1,621 1,171
OP unit compensation expense 808 800 802 701 692 730
Adjustment for Operating Partnership interests of third parties (10,801) 93 1,346 9,035 2,134 (8,588)
Net income (loss) 100,797 93,964 94,527 102,645 97,879 97,566
Other comprehensive income (loss), net 20 20 20 20 20 20
Common OP unit distributions (115,790) (115,390) (115,357) (110,613) (110,585) (110,524)
Balance 2,785,508 2,770,094 2,782,108 2,807,203 2,801,270 2,807,763
CubeSmart, L.P. and Subsidiaries | Operating Partner            
Increase (Decrease) in Partners' Capital            
Balance $ 2,770,465 $ 2,782,499 $ 2,799,239 $ 2,801,721 $ 2,808,234 $ 2,826,694
Balance (in units) 225,197 224,965 224,921 224,797 224,672 224,603
Issuance of restricted OP units     $ 1      
Issuance of restricted OP units (in units) 2 28 24 4 20 22
Issuance of common OP units   $ (39) $ (10) $ (79) $ (55) $ (91)
Issuance of OP units $ 32,768          
Issuance of OP Units (in shares) 612          
Conversion from OP units to shares $ 324 $ 2,123 $ 561 $ 2,413   $ 361
Conversion from OP units to shares (in units) 6 50 12 58   8
Exercise of OP unit options $ 5,222 $ 4,518 $ 201   $ 1,801 $ 915
Exercise of OP unit options (in units) 186 154 8   105 39
Amortization of restricted OP units $ 2,066 $ 1,897 $ 1,189 $ 1,811 $ 1,621 $ 1,171
OP unit compensation expense 808 800 802 701 692 730
Adjustment for Operating Partnership interests of third parties (10,801) 93 1,346 9,035 2,134 (8,588)
Net income (loss) 100,797 93,964 94,527 102,645 97,879 97,566
Common OP unit distributions (115,790) (115,390) (115,357) (110,613) (110,585) (110,524)
Balance $ 2,785,859 $ 2,770,465 $ 2,782,499 $ 2,807,634 $ 2,801,721 $ 2,808,234
Balance (in units) 226,003 225,197 224,965 224,859 224,797 224,672
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)            
Increase (Decrease) in Partners' Capital            
Balance $ (371) $ (391) $ (411) $ (451) $ (471) $ (491)
Other comprehensive income (loss), net 20 20 20 20 20 20
Balance (351) (371) (391) (431) (451) (471)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries            
Increase (Decrease) in Partners' Capital            
Balance 21,322 21,678 21,704 14,364 13,833 14,178
Contributions from noncontrolling interests in subsidiaries     309   797  
Distributions paid to noncontrolling interest in subsidiaries (130) (54) (125) (89) (54) (107)
Net income (loss) (398) (302) (210) (212) (212) (238)
Balance $ 20,794 $ 21,322 $ 21,678 $ 14,063 $ 14,364 $ 13,833