v3.25.2
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership   $ 51,193    
Contributions from noncontrolling interests in subsidiaries       $ 309
Distributions paid to noncontrolling interest in subsidiaries $ (165) (112) $ (54) (125)
Adjustment for Operating Partnership interests of third parties 180 59 93 1,346
Net income (loss) 82,031 88,292 93,662 94,317
Other comprehensive income, net 20 20 20 20
Balance of Noncontrolling Interests in the Operating Partnership 46,888      
Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 48,784 51,193 58,253 60,276
Adjustment for Operating Partnership interests of third parties (180) (59) (93) (1,346)
Net income (loss) 401 453 524 541
Balance of Noncontrolling Interests in the Operating Partnership 46,888 48,784 55,930 58,253
CubeSmart, L.P. and Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 2,874,023 2,902,675 2,803,786 2,820,532
Balance of Noncontrolling Interests in the Operating Partnership   51,193    
Contributions from noncontrolling interests in subsidiaries       309
Distributions paid to noncontrolling interest in subsidiaries (165) (112) (54) (125)
Issuance of restricted OP units   1   1
Issuance of common OP units (122) (168) (39) (10)
Conversion from OP units to shares 1,543 2,209 2,123 561
Exercise of OP unit options 1,669   4,518 201
Equity compensation expense 2,504 3,208 2,858 2,829
Taxes withheld upon net settlement of equity compensation (183) (3,047) (161) (838)
Adjustment for Operating Partnership interests of third parties 180 59 93 1,346
Net income (loss) 82,031 88,292 93,662 94,317
Other comprehensive income, net 20 20 20 20
OP unit distributions (119,114) (119,114) (115,390) (115,357)
Balance 2,842,386 2,874,023 2,791,416 2,803,786
Balance of Noncontrolling Interests in the Operating Partnership 46,888      
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership        
Increase (Decrease) in Partners' Capital        
Balance of Noncontrolling Interests in the Operating Partnership 48,784 51,193 58,253 60,276
Conversion from OP units to shares (1,543) (2,209) (2,123) (561)
Adjustment for Operating Partnership interests of third parties (180) (59) (93) (1,346)
Net income (loss) 401 453 524 541
OP unit distributions (574) (594) (631) (657)
Balance of Noncontrolling Interests in the Operating Partnership 46,888 48,784 55,930 58,253
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity        
Increase (Decrease) in Partners' Capital        
Balance 2,844,221 2,871,856 2,782,108 2,798,828
Issuance of restricted OP units   1   1
Issuance of common OP units (122) (168) (39) (10)
Conversion from OP units to shares 1,543 2,209 2,123 561
Exercise of OP unit options 1,669   4,518 201
Equity compensation expense 2,504 3,208 2,858 2,829
Taxes withheld upon net settlement of equity compensation (183) (3,047) (161) (838)
Adjustment for Operating Partnership interests of third parties 180 59 93 1,346
Net income (loss) 82,960 89,197 93,964 94,527
Other comprehensive income, net 20 20 20 20
OP unit distributions (119,114) (119,114) (115,390) (115,357)
Balance 2,813,678 2,844,221 2,770,094 2,782,108
CubeSmart, L.P. and Subsidiaries | Operating Partner        
Increase (Decrease) in Partners' Capital        
Balance $ 2,844,531 $ 2,872,186 $ 2,782,499 $ 2,799,239
Balance (in units) 227,920 227,765 224,965 224,921
Issuance of restricted OP units   $ 1   $ 1
Issuance of restricted OP units (in units) 29 103 28 24
Issuance of common OP units $ (122) $ (168) $ (39) $ (10)
Conversion from OP units to shares $ 1,543 $ 2,209 $ 2,123 $ 561
Conversion from OP units to shares (in units) 39 52 50 12
Exercise of OP unit options $ 1,669   $ 4,518 $ 201
Exercise of OP unit options (in units) 46   154 8
Equity compensation expense $ 2,504 $ 3,208 $ 2,858 $ 2,829
Taxes withheld upon net settlement of equity compensation (183) (3,047) (161) (838)
Adjustment for Operating Partnership interests of third parties 180 59 93 1,346
Net income (loss) 82,960 89,197 93,964 94,527
OP unit distributions (119,114) (119,114) (115,390) (115,357)
Balance $ 2,813,968 $ 2,844,531 $ 2,770,465 $ 2,782,499
Balance (in units) 228,034 227,920 225,197 224,965
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Partners' Capital        
Balance $ (310) $ (330) $ (391) $ (411)
Other comprehensive income, net 20 20 20 20
Balance (290) (310) (371) (391)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries        
Increase (Decrease) in Partners' Capital        
Balance 29,802 30,819 21,678 21,704
Contributions from noncontrolling interests in subsidiaries       309
Distributions paid to noncontrolling interest in subsidiaries (165) (112) (54) (125)
Net income (loss) (929) (905) (302) (210)
Balance $ 28,708 $ 29,802 $ 21,322 $ 21,678