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CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
Rental income $ 243,400 $ 230,954 $ 715,722 $ 682,935
Total revenues 285,080 270,890 840,419 798,505
OPERATING EXPENSES        
Property operating expenses 90,848 81,868 262,810 242,002
Depreciation and amortization 66,688 51,210 192,332 152,962
General and administrative 16,506 14,265 47,471 44,512
Total operating expenses 174,042 147,343 502,613 439,476
Interest:        
Interest expense on loans (29,380) (22,750) (84,570) (68,436)
Loan procurement amortization expense (1,258) (986) (3,700) (3,031)
Equity in earnings of real estate ventures 648 418 1,574 1,688
Other 1,368 721 2,483 744
Total other expense $ (28,622) $ (22,597) $ (84,213) $ (69,035)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.36 $ 0.44 $ 1.11 $ 1.28
Weighted-average basic units outstanding (in units) 228,791 226,166 228,731 225,941
Weighted-average diluted units outstanding (in units) 229,295 227,149 229,237 226,805
Other Property Related Income        
REVENUES        
Property related income $ 31,730 $ 29,268 $ 94,092 $ 84,542
Property Management Fee Income        
REVENUES        
Property related income 9,950 10,668 30,605 31,028
CubeSmart, L.P. and Subsidiaries        
REVENUES        
Rental income 243,400 230,954 715,722 682,935
Total revenues 285,080 270,890 840,419 798,505
OPERATING EXPENSES        
Property operating expenses 90,848 81,868 262,810 242,002
Depreciation and amortization 66,688 51,210 192,332 152,962
General and administrative 16,506 14,265 47,471 44,512
Total operating expenses 174,042 147,343 502,613 439,476
Interest:        
Interest expense on loans (29,380) (22,750) (84,570) (68,436)
Loan procurement amortization expense (1,258) (986) (3,700) (3,031)
Equity in earnings of real estate ventures 648 418 1,574 1,688
Other 1,368 721 2,483 744
Total other expense (28,622) (22,597) (84,213) (69,035)
NET INCOME 82,416 100,950 253,593 289,994
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Net loss attributable to noncontrolling interests in subsidiaries 910 398 2,744 910
NET INCOME ATTRIBUTABLE TO CUBESMART L.P. $ 83,326 $ 101,348 $ 256,337 $ 290,904
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.36 $ 0.45 $ 1.12 $ 1.28
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.36 $ 0.44 $ 1.11 $ 1.28
Weighted-average basic units outstanding (in units) 229,894 227,403 229,860 227,203
Weighted-average diluted units outstanding (in units) 230,398 228,386 230,366 228,067
CubeSmart, L.P. and Subsidiaries | Other Property Related Income        
REVENUES        
Property related income $ 31,730 $ 29,268 $ 94,092 $ 84,542
CubeSmart, L.P. and Subsidiaries | Property Management Fee Income        
REVENUES        
Property related income $ 9,950 $ 10,668 $ 30,605 $ 31,028