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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Storage properties $ 7,628,774 $ 7,367,613
Less: Accumulated depreciation (1,590,588) (1,416,377)
Storage properties, net 6,038,186 5,951,236
Cash and cash equivalents 71,560 6,526
Restricted cash 6,103 1,691
Loan procurement costs, net of amortization 2,731 3,995
Investment in real estate ventures, at equity 91,973 98,288
Other assets, net 183,628 163,284
Total assets 6,394,181 6,225,020
LIABILITIES AND EQUITY    
Unsecured senior notes, net 2,780,631 2,776,490
Revolving credit facility   18,100
Mortgage loans and notes payable, net 205,915 128,186
Lease liabilities - finance leases 65,668 65,714
Accounts payable, accrued expenses and other liabilities 229,581 201,419
Distributions payable 119,600 115,820
Deferred revenue 38,918 38,483
Total liabilities 3,440,313 3,344,212
Noncontrolling interests in the Operating Partnership 51,193 60,276
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 227,764,975 and 224,921,053 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 2,278 2,249
Additional paid-in capital 4,285,570 4,142,229
Accumulated other comprehensive loss (330) (411)
Accumulated deficit (1,415,662) (1,345,239)
Total CubeSmart shareholders' equity 2,871,856 2,798,828
Noncontrolling interests in subsidiaries 30,819 21,704
Total equity 2,902,675 2,820,532
Total liabilities and equity $ 6,394,181 $ 6,225,020