CONSOLIDATED BALANCE SHEETS (Parenthetical) (LP cube) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Storage facilities, net	$ 6,038,186	$ 5,951,236
Cash and cash equivalents	71,560	6,526
Restricted cash	6,103	1,691
Mortgage loans and notes payable, net	205,915	128,186
VIE
Storage facilities, net	363,315	180,615
Cash and cash equivalents	2,907	3,002
Restricted cash	4,439	0
Mortgage loans and notes payable, net	111,728	0
CubeSmart, L.P. and Subsidiaries
Storage facilities, net	6,038,186	5,951,236
Cash and cash equivalents	71,560	6,526
Restricted cash	6,103	1,691
Mortgage loans and notes payable, net	205,915	128,186
CubeSmart, L.P. and Subsidiaries \| VIE
Storage facilities, net	363,315	180,615
Cash and cash equivalents	2,907	3,002
Restricted cash	4,439	0
Mortgage loans and notes payable, net	$ 111,728	$ 0

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

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Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer).

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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

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