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CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Storage properties $ 8,084,827 $ 7,628,774
Less: Accumulated depreciation (1,638,631) (1,590,588)
Storage properties, net 6,446,196 6,038,186
Cash and cash equivalents 10,751 71,560
Restricted cash 5,003 6,103
Loan procurement costs, net of amortization 2,415 2,731
Investment in real estate ventures, at equity 76,042 91,973
Other assets, net 199,873 183,628
Total assets 6,740,280 6,394,181
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,781,666 2,780,631
Revolving credit facility 382,400  
Mortgage loans and notes payable, net 205,500 205,915
Lease liabilities - finance leases 65,649 65,668
Accounts payable, accrued expenses and other liabilities 220,271 229,581
Distributions payable 119,639 119,600
Deferred revenue 42,348 38,918
Total liabilities 3,817,473 3,440,313
Limited Partnership interests of third parties 48,784 51,193
Commitments and contingencies
Capital    
Accumulated other comprehensive loss (310) (330)
Total liabilities and equity 6,740,280 6,394,181
CubeSmart, L.P. and Subsidiaries    
ASSETS    
Storage properties 8,084,827 7,628,774
Less: Accumulated depreciation (1,638,631) (1,590,588)
Storage properties, net 6,446,196 6,038,186
Cash and cash equivalents 10,751 71,560
Restricted cash 5,003 6,103
Loan procurement costs, net of amortization 2,415 2,731
Investment in real estate ventures, at equity 76,042 91,973
Other assets, net 199,873 183,628
Total assets 6,740,280 6,394,181
LIABILITIES AND CAPITAL    
Unsecured senior notes, net 2,781,666 2,780,631
Revolving credit facility 382,400  
Mortgage loans and notes payable, net 205,500 205,915
Lease liabilities - finance leases 65,649 65,668
Accounts payable, accrued expenses and other liabilities 220,271 229,581
Distributions payable 119,639 119,600
Deferred revenue 42,348 38,918
Total liabilities 3,817,473 3,440,313
Limited Partnership interests of third parties 48,784 51,193
Commitments and contingencies
Capital    
General Partner 2,844,531 2,872,186
Accumulated other comprehensive loss (310) (330)
Total CubeSmart, L.P. capital 2,844,221 2,871,856
Noncontrolling interests in subsidiaries 29,802 30,819
Total capital 2,874,023 2,902,675
Total liabilities and equity $ 6,740,280 $ 6,394,181