CONSOLIDATED BALANCE SHEETS (LP cube) - 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 CAPITAL
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
Limited Partnership interests of third parties	44,858	51,193
Commitments and contingencies
Capital
Accumulated other comprehensive loss	(270)	(330)
Total liabilities and equity	6,757,658	6,394,181
CubeSmart, L.P. and Subsidiaries
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 CAPITAL
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
Limited Partnership interests of third parties	44,858	51,193
Commitments and contingencies
Capital
General Partner	2,782,406	2,872,186
Accumulated other comprehensive loss	(270)	(330)
Total CubeSmart, L.P. capital	2,782,136	2,871,856
Noncontrolling interests in subsidiaries	27,944	30,819
Total capital	2,810,080	2,902,675
Total liabilities and equity	$ 6,757,658	$ 6,394,181

Represents the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized senior notes net of discounts, with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders.

No definition available.