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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Storage properties $ 8,108,076 $ 7,628,774
Less: Accumulated depreciation (1,730,103) (1,590,588)
Storage properties, net 6,377,973 6,038,186
Cash and cash equivalents 108,393 71,560
Restricted cash 6,364 6,103
Loan procurement costs, net of amortization 1,781 2,731
Investment in real estate ventures, at equity 74,320 91,973
Other assets, net 188,827 183,628
Total assets 6,757,658 6,394,181
LIABILITIES AND EQUITY    
Unsecured senior notes, net 3,223,866 2,780,631
Mortgage loans and notes payable, net 204,681 205,915
Lease liabilities - finance leases 65,612 65,668
Accounts payable, accrued expenses and other liabilities 246,162 229,581
Distributions payable 119,676 119,600
Deferred revenue 42,723 38,918
Total liabilities 3,902,720 3,440,313
Noncontrolling interests in the Operating Partnership 44,858 51,193
Commitments and contingencies
Equity    
Common shares $.01 par value, 400,000,000 shares authorized, 228,035,275 and 227,764,975 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 2,280 2,278
Additional paid-in capital 4,295,941 4,285,570
Accumulated other comprehensive loss (270) (330)
Accumulated deficit (1,515,815) (1,415,662)
Total CubeSmart shareholders' equity 2,782,136 2,871,856
Noncontrolling interests in subsidiaries 27,944 30,819
Total equity 2,810,080 2,902,675
Total liabilities and equity $ 6,757,658 $ 6,394,181