CONSOLIDATED BALANCE SHEETS (LP cube) - 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 CAPITAL
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
Limited Partnership interests of third parties	51,193	60,276
Commitments and contingencies
Capital
Accumulated other comprehensive loss	(330)	(411)
Total liabilities and equity	6,394,181	6,225,020
CubeSmart, L.P. and Subsidiaries
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 CAPITAL
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
Limited Partnership interests of third parties	51,193	60,276
Capital
General Partner	2,872,186	2,799,239
Accumulated other comprehensive loss	(330)	(411)
Total CubeSmart, L.P. capital	2,871,856	2,798,828
Noncontrolling interests in subsidiaries	30,819	21,704
Total capital	2,902,675	2,820,532
Total liabilities and equity	$ 6,394,181	$ 6,225,020

Represents the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized senior notes net of discounts, with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders.

No definition available.