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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Rental income $ 232,765 $ 225,190
Total revenues 273,036 261,406
OPERATING EXPENSES    
Property operating expenses 82,934 77,037
Depreciation and amortization 59,156 50,717
General and administrative 16,068 15,625
Total operating expenses 158,158 143,379
Interest:    
Interest expense on loans (26,100) (22,919)
Loan procurement amortization expense (1,221) (1,030)
Equity in earnings of real estate ventures 379 845
Other 809 (65)
Total other expense $ (26,133) $ (23,169)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.39 $ 0.42
Weighted-average basic units outstanding (in units) 228,663 225,767
Weighted-average diluted units outstanding (in units) 229,169 226,575
Other Property Related Income    
REVENUES    
Property related income $ 29,766 $ 26,316
Property Management Fee Income    
REVENUES    
Property related income 10,505 9,900
CubeSmart, L.P. and Subsidiaries    
REVENUES    
Rental income 232,765 225,190
Total revenues 273,036 261,406
OPERATING EXPENSES    
Property operating expenses 82,934 77,037
Depreciation and amortization 59,156 50,717
General and administrative 16,068 15,625
Total operating expenses 158,158 143,379
Interest:    
Interest expense on loans (26,100) (22,919)
Loan procurement amortization expense (1,221) (1,030)
Equity in earnings of real estate ventures 379 845
Other 809 (65)
Total other expense (26,133) (23,169)
NET INCOME 88,745 94,858
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Net loss attributable to noncontrolling interests in subsidiaries 905 210
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. $ 89,650 $ 95,068
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.39 $ 0.42
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.39 $ 0.42
Weighted-average basic units outstanding (in units) 229,834 227,057
Weighted-average diluted units outstanding (in units) 230,340 227,865
CubeSmart, L.P. and Subsidiaries | Other Property Related Income    
REVENUES    
Property related income $ 29,766 $ 26,316
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income    
REVENUES    
Property related income $ 10,505 $ 9,900