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NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of noncontrolling interests in subsidiaries


		CubeSmart	December 31, 2024
	Number	Ownership	Total		Total		Related Party
Consolidated Joint Ventures	of Stores	Interest	Assets		Liabilities		Loans ⁽¹⁾

			(in thousands)
Hines Capital ("Hines") ⁽²⁾	14	85%	$	186,516	$	116,977	$	—
New Rochelle Investors, LLC ("New Rochelle")	1	70%		29,854		6,680		5,237
1074 Raritan Road, LLC ("Clark")	1	90%		15,632		10,282		10,195
350 Main Street, LLC ("Port Chester")	1	90%		9,040		2,567		1,401
Astoria Investors, LLC ("Astoria")	1	70%		45,308		31,992		29,796
CS Lock Up Anoka, LLC ("Anoka")	1	50%		9,728		5,572		5,526
CS Valley Forge Village Storage, LLC ("VFV")	1	70%		18,507		14,885		14,792
CS Vienna, LLC ("Vienna")	1	80%		29,318		34,802		34,486
SH3, LLC ("SH3")	1	90%		35,571		290		—
	22		$	379,474	$	224,047	$	101,433

(1)

Related party loans represent amounts payable from the joint venture to the Company and are included in total liabilities within the table above. The loans and related party interest have been eliminated for consolidation purposes.

(2)

Consists of seven consolidated joint ventures.