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NONCONTROLLING INTERESTS (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of noncontrolling interests in subsidiaries


		CubeSmart	March 31, 2025
	Number	Ownership	Total		Total		Related Party
Consolidated Joint Ventures	of Stores	Interest	Assets		Liabilities		Loans ⁽¹⁾

			(in thousands)
Hines Capital ("Hines") ⁽²⁾	14	85%	$	182,602	$	116,516	$	—
New Rochelle Investors, LLC ("New Rochelle")	1	70%		32,943		9,939		7,634
1074 Raritan Road, LLC ("Clark")	1	90%		15,630		10,616		10,393
350 Main Street, LLC ("Port Chester")	1	90%		13,573		7,102		4,827
Astoria Investors, LLC ("Astoria")	1	70%		44,987		30,738		29,946
CS Lock Up Anoka, LLC ("Anoka")	1	50%		9,639		5,633		5,531
CS Valley Forge Village Storage, LLC ("VFV")	1	70%		18,366		14,862		14,792
CS Vienna, LLC ("Vienna")	1	80%		29,166		34,840		34,335
SH3, LLC ("SH3")	1	90%		35,961		500		—
	22		$	382,867	$	230,746	$	107,458

(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.