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CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Operating Activities          
Net income $ 100,950 $ 103,073 $ 289,994 $ 299,298  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization, including amortization of loan procurement costs     155,993 153,783  
Non-cash portion of interest expense related to finance leases     (37) (38)  
Equity in earnings of real estate ventures (418) (1,141) (1,688) (4,482)  
Cash distributed from real estate ventures     3,453 3,705  
Equity compensation expense     8,590 7,530  
Accretion of fair market value adjustment of debt     (294) (714)  
Changes in other operating accounts:          
Other assets     (12,732) (10,052)  
Accounts payable and accrued expenses     21,906 18,408  
Other liabilities     1,223 1,402  
Net cash provided by operating activities     466,408 468,840  
Investing Activities          
Acquisitions of storage properties     (20,597)    
Additions and improvements to storage properties     (33,137) (31,642)  
Development costs     (23,489) (34,228)  
Investments in real estate ventures     (316) (16)  
Cash distributed from real estate ventures     4,678 7,116  
Proceeds from sale of real estate, net       238  
Net cash used in investing activities     (72,861) (58,532)  
Proceeds from:          
Revolving credit facility     612,506 614,083  
Principal payments on:          
Revolving credit facility     (630,606) (659,783)  
Mortgage loans and notes payable     (32,089) (32,138)  
Loan procurement costs       (39)  
Cash paid upon vesting of restricted OP units     (1,028) (804)  
Contributions from noncontrolling interests in subsidiaries     309 797  
Distributions paid to noncontrolling interests in subsidiaries     (309) (250)  
Distributions paid to OP unitholders     (345,901) (331,601)  
Net cash used in financing activities     (356,409) (409,333)  
Change in cash, cash equivalents and restricted cash     37,138 975  
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 45,355 9,900 45,355 9,900 8,217
Supplemental Cash Flow and Noncash Information          
Cash paid for interest, net of interest capitalized     77,953 80,299  
Supplemental disclosure of noncash activities:          
Derivative valuation adjustment     60 60  
CubeSmart, L.P. and Subsidiaries          
Operating Activities          
Net income     289,994 299,298  
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization, including amortization of loan procurement costs     155,993 153,783  
Non-cash portion of interest expense related to finance leases     (37) (38)  
Equity in earnings of real estate ventures (418) (1,141) (1,688) (4,482)  
Cash distributed from real estate ventures     3,453 3,705  
Equity compensation expense     8,590 7,530  
Accretion of fair market value adjustment of debt     (294) (714)  
Changes in other operating accounts:          
Other assets     (12,732) (10,052)  
Accounts payable and accrued expenses     21,906 18,408  
Other liabilities     1,223 1,402  
Net cash provided by operating activities     466,408 468,840  
Investing Activities          
Acquisitions of storage properties     (20,597)    
Additions and improvements to storage properties     (33,137) (31,642)  
Development costs     (23,489) (34,228)  
Investments in real estate ventures     (316) (16)  
Cash distributed from real estate ventures     4,678 7,116  
Proceeds from sale of real estate, net       238  
Net cash used in investing activities     (72,861) (58,532)  
Proceeds from:          
Revolving credit facility     612,506 614,083  
Principal payments on:          
Revolving credit facility     (630,606) (659,783)  
Mortgage loans and notes payable     (32,089) (32,138)  
Loan procurement costs       (39)  
Issuance of OP units, net     32,720 (225)  
Cash paid upon vesting of restricted OP units     (1,028) (804)  
Exercise of OP unit options     9,941 2,716  
Contributions from noncontrolling interests in subsidiaries     309 797  
Distributions paid to noncontrolling interests in subsidiaries     (309) (250)  
Distributions paid to OP unitholders     (347,853) (333,690)  
Net cash used in financing activities     (356,409) (409,333)  
Change in cash, cash equivalents and restricted cash     37,138 975  
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 $ 45,355 $ 9,900 45,355 9,900 $ 8,217
Supplemental Cash Flow and Noncash Information          
Cash paid for interest, net of interest capitalized     77,953 80,299  
Supplemental disclosure of noncash activities:          
Derivative valuation adjustment     $ 60 $ 60