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v3.25.1

CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | $ 51,193 |
Contributions from noncontrolling interests in subsidiaries |  | $ 309
Distributions paid to noncontrolling interest in subsidiaries | (112) | (125)
Adjustment for Operating Partnership interests of third parties | 59 | 1,346
Net income (loss) | 88,292 | 94,317
Other comprehensive income, net | 20 | 20
Balance of Noncontrolling Interests in the Operating Partnership | 48,784 |
Noncontrolling Interests in the Operating Partnership |  |
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | 51,193 | 60,276
Adjustment for Operating Partnership interests of third parties | (59) | (1,346)
Net income (loss) | 453 | 541
Balance of Noncontrolling Interests in the Operating Partnership | 48,784 | 58,253
CubeSmart, L.P. and Subsidiaries |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 2,902,675 | 2,820,532
Balance of Noncontrolling Interests in the Operating Partnership | 51,193 |
Contributions from noncontrolling interests in subsidiaries |  | 309
Distributions paid to noncontrolling interest in subsidiaries | (112) | (125)
Issuance of restricted OP units | 1 | 1
Issuance of common OP units | (168) | (10)
Conversion from OP units to shares | 2,209 | 561
Exercise of OP unit options |  | 201
Equity compensation expense | 3,208 | 2,829
Taxes withheld upon net settlement of equity compensation | (3,047) | (838)
Adjustment for Operating Partnership interests of third parties | 59 | 1,346
Net income (loss) | 88,292 | 94,317
Other comprehensive income, net | 20 | 20
OP unit distributions | (119,114) | (115,357)
Balance | 2,874,023 | 2,803,786
Balance of Noncontrolling Interests in the Operating Partnership | 48,784 |
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership |  |
Increase (Decrease) in Partners' Capital |  |
Balance of Noncontrolling Interests in the Operating Partnership | 51,193 | 60,276
Conversion from OP units to shares | (2,209) | (561)
Adjustment for Operating Partnership interests of third parties | (59) | (1,346)
Net income (loss) | 453 | 541
OP unit distributions | (594) | (657)
Balance of Noncontrolling Interests in the Operating Partnership | 48,784 | 58,253
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 2,871,856 | 2,798,828
Issuance of restricted OP units | 1 | 1
Issuance of common OP units | (168) | (10)
Conversion from OP units to shares | 2,209 | 561
Exercise of OP unit options |  | 201
Equity compensation expense | 3,208 | 2,829
Taxes withheld upon net settlement of equity compensation | (3,047) | (838)
Adjustment for Operating Partnership interests of third parties | 59 | 1,346
Net income (loss) | 89,197 | 94,527
Other comprehensive income, net | 20 | 20
OP unit distributions | (119,114) | (115,357)
Balance | 2,844,221 | 2,782,108
CubeSmart, L.P. and Subsidiaries | Operating Partner |  |
Increase (Decrease) in Partners' Capital |  |
Balance | $ 2,872,186 | $ 2,799,239
Balance (in units) | 227,765 | 224,921
Issuance of restricted OP units | $ 1 | $ 1
Issuance of restricted OP units (in units) | 103 | 24
Issuance of common OP units | $ (168) | $ (10)
Conversion from OP units to shares | $ 2,209 | $ 561
Conversion from OP units to shares (in units) | 52 | 12
Exercise of OP unit options |  | $ 201
Exercise of OP unit options (in units) |  | 8
Equity compensation expense | $ 3,208 | $ 2,829
Taxes withheld upon net settlement of equity compensation | (3,047) | (838)
Adjustment for Operating Partnership interests of third parties | 59 | 1,346
Net income (loss) | 89,197 | 94,527
OP unit distributions | (119,114) | (115,357)
Balance | $ 2,844,531 | $ 2,782,499
Balance (in units) | 227,920 | 224,965
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss) |  |
Increase (Decrease) in Partners' Capital |  |
Balance | $ (330) | $ (411)
Other comprehensive income, net | 20 | 20
Balance | (310) | (391)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries |  |
Increase (Decrease) in Partners' Capital |  |
Balance | 30,819 | 21,704
Contributions from noncontrolling interests in subsidiaries |  | 309
Distributions paid to noncontrolling interest in subsidiaries | (112) | (125)
Net income (loss) | (905) | (210)
Balance | $ 29,802 | $ 21,678

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