| Schedule of noncontrolling interests in subsidiaries |
| | | | | | | | | | | | | | | | | | CubeSmart | | June 30, 2025 | | | Number | | Ownership | | Total | | Total | | Related Party | Consolidated Joint Ventures | | of Stores | | Interest | | Assets | | Liabilities | | Loans (1) | | | | | | | | (in thousands) | Hines Capital ("Hines") (2) | | 14 | | 85% | | $ | 178,906 | | $ | 117,260 | | $ | — | New Rochelle Investors, LLC ("New Rochelle") | | 1 | | 70% | | | 38,191 | | | 15,322 | | | 13,096 | 1074 Raritan Road, LLC ("Clark") | | 1 | | 90% | | | 15,526 | | | 10,832 | | | 10,601 | 350 Main Street, LLC ("Port Chester") | | 1 | | 90% | | | 15,748 | | | 9,278 | | | 7,882 | Astoria Investors, LLC ("Astoria") | | 1 | | 70% | | | 44,832 | | | 30,740 | | | 29,955 | CS Lock Up Anoka, LLC ("Anoka") | | 1 | | 50% | | | 9,461 | | | 5,575 | | | 5,535 | CS Valley Forge Village Storage, LLC ("VFV") | | 1 | | 70% | | | 18,175 | | | 14,882 | | | 14,792 | CS Vienna, LLC ("Vienna") | | 1 | | 80% | | | 28,899 | | | 34,873 | | | 34,193 | SH3, LLC ("SH3") | | 1 | | 90% | | | 35,889 | | | 326 | | | — | | | 22 | | | | $ | 385,627 | | $ | 239,088 | | $ | 116,054 |
| (1) | Related party loans represent amounts payable from the joint venture to the Company and are included in total liabilities within the table above. The loans and related party interest have been eliminated for consolidation purposes. |
| (2) | Consists of seven consolidated joint ventures. |
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