XML 75 R62.htm IDEA: XBRL DOCUMENT v3.24.3
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL - Earnings Per Share and Unit (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Basic and diluted earnings per common share                  
Net income $ 100,950     $ 103,073     $ 289,994 $ 299,298  
Net income attributable to noncontrolling interests in the Operating Partnership (551)     (640)     (1,616) (1,870)  
Net loss attributable to noncontrolling interests in subsidiaries 398     212     910 662  
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 100,797     $ 102,645     $ 289,288 $ 298,090  
Weighted average basic shares outstanding (in shares) 226,166,000     225,467,000     225,941,000 225,380,000  
Share options and restricted share units (in shares) 983,000     743,000     864,000 826,000  
Weighted-average diluted shares outstanding (in shares) 227,149,000     226,210,000     226,805,000 226,206,000  
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.45     $ 0.46     $ 1.28 $ 1.32  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.44     $ 0.45     $ 1.28 $ 1.32  
Basic and diluted earnings per common unit                  
Weighted average basic shares outstanding (in shares) 226,166,000     225,467,000     225,941,000 225,380,000  
Share options and restricted share units (in shares) 983,000     743,000     864,000 826,000  
Weighted-average diluted shares outstanding (in shares) 227,149,000     226,210,000     226,805,000 226,206,000  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.44     $ 0.45     $ 1.28 $ 1.32  
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares) 700,000     700,000     700,000 700,000  
Common stock, cash dividends declared (in dollars per share) $ 0.51 $ 0.51 $ 0.51 $ 0.49 $ 0.49 $ 0.49 $ 1.53 $ 1.47  
Operating Partnership [Member]                  
Basic and diluted earnings per common unit                  
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares) 1,200,000     1,400,000     1,300,000 1,400,000  
CubeSmart, L.P. and Subsidiaries                  
Basic and diluted earnings per common share                  
Net income             $ 289,994 $ 299,298  
Weighted average basic shares outstanding (in shares) 227,403,000     226,871,000     227,203,000 226,795,000  
Share options and restricted share units (in shares) 983,000     743,000     864,000 826,000  
Weighted-average diluted shares outstanding (in shares) 228,386,000     227,614,000     228,067,000 227,621,000  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.44     $ 0.45     $ 1.28 $ 1.32  
Basic and diluted earnings per common unit                  
Net Income $ 100,950     $ 103,073     $ 289,994 $ 299,298  
Net loss attributable to noncontrolling interests in subsidiaries 398     212     910 662  
Net income attributable to CubeSmart L.P. $ 101,348     $ 103,285     $ 290,904 $ 299,960  
Weighted average basic shares outstanding (in shares) 227,403,000     226,871,000     227,203,000 226,795,000  
Share options and restricted share units (in shares) 983,000     743,000     864,000 826,000  
Weighted-average diluted shares outstanding (in shares) 228,386,000     227,614,000     228,067,000 227,621,000  
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.45     $ 0.46     $ 1.28 $ 1.32  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.44     $ 0.45     $ 1.28 $ 1.32  
Outstanding units of noncontrolling interest in the Operating Partnership (in shares) 1,232,205     1,360,549     1,232,205 1,360,549 1,300,462