CONSOLIDATED BALANCE SHEETS (Parenthetical) (LP cube) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Storage facilities, net	$ 6,446,196	$ 6,038,186
Cash and cash equivalents	10,751	71,560
Restricted cash	5,003	6,103
Mortgage loans and notes payable, net	205,500	205,915
VIE
Storage facilities, net	369,044	363,315
Cash and cash equivalents	4,416	2,907
Restricted cash	3,035	4,439
Mortgage loans and notes payable, net	111,915	111,728
CubeSmart, L.P. and Subsidiaries
Storage facilities, net	6,446,196	6,038,186
Cash and cash equivalents	10,751	71,560
Restricted cash	5,003	6,103
Mortgage loans and notes payable, net	205,500	205,915
CubeSmart, L.P. and Subsidiaries \| VIE
Storage facilities, net	369,044	363,315
Cash and cash equivalents	4,416	2,907
Restricted cash	3,035	4,439
Mortgage loans and notes payable, net	$ 111,915	$ 111,728

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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