v3.25.2
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL - Earnings Per Share and Unit (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Basic and diluted earnings per common share              
Net income $ 82,432   $ 94,186   $ 171,177 $ 189,044  
Net income attributable to noncontrolling interests in the Operating Partnership (401)   (524)   (854) (1,065)  
Net loss attributable to noncontrolling interests in subsidiaries 929   302   1,834 512  
NET INCOME ATTRIBUTABLE TO THE COMPANY $ 82,960   $ 93,964   $ 172,157 $ 188,491  
Weighted average basic shares outstanding (in shares) 228,737,000   225,886,000   228,700,000 225,827,000  
Share options and restricted share units (in shares) 566,000   732,000   573,000 766,000  
Weighted-average diluted shares outstanding (in shares) 229,303,000   226,618,000   229,273,000 226,593,000  
Basic earnings per share attributable to common shareholders (in dollars per share) $ 0.36   $ 0.42   $ 0.75 $ 0.83  
Diluted earnings per share attributable to common shareholders (in dollars per share) 0.36   0.41   0.75 0.83  
Dividends declared per common share (in dollars per share) $ 0.52 $ 0.52 $ 0.51 $ 0.51 $ 1.04 $ 1.02  
Basic and diluted earnings per common unit              
Weighted average basic shares outstanding (in shares) 228,737,000   225,886,000   228,700,000 225,827,000  
Share options and restricted share units (in shares) 566,000   732,000   573,000 766,000  
Weighted-average diluted shares outstanding (in shares) 229,303,000   226,618,000   229,273,000 226,593,000  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.36   $ 0.41   $ 0.75 $ 0.83  
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares) 1,400,000       1,400,000 1,100,000  
Dividends declared per common share (in dollars per share) $ 0.52 0.52 $ 0.51 0.51 $ 1.04 $ 1.02  
Operating Partnership [Member]              
Basic and diluted earnings per common unit              
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares) 1,100,000   1,300,000   1,100,000 1,300,000  
CubeSmart, L.P. and Subsidiaries              
Basic and diluted earnings per common share              
Net income         $ 171,177 $ 189,044  
Weighted average basic shares outstanding (in shares) 229,852,000   227,145,000   229,842,000 227,101,000  
Share options and restricted share units (in shares) 566,000   732,000   573,000 766,000  
Weighted-average diluted shares outstanding (in shares) 230,418,000   227,877,000   230,415,000 227,867,000  
Diluted earnings per share attributable to common shareholders (in dollars per share) $ 0.36   $ 0.41   $ 0.75 $ 0.83  
Dividends declared per common share (in dollars per share) $ 0.52   $ 0.51   $ 1.04 $ 1.02  
Basic and diluted earnings per common unit              
Net Income $ 82,432   $ 94,186   $ 171,177 $ 189,044  
Net loss attributable to noncontrolling interests in subsidiaries 929   302   1,834 512  
Net income attributable to CubeSmart L.P. $ 83,361   $ 94,488   $ 173,011 $ 189,556  
Weighted average basic shares outstanding (in shares) 229,852,000   227,145,000   229,842,000 227,101,000  
Share options and restricted share units (in shares) 566,000   732,000   573,000 766,000  
Weighted-average diluted shares outstanding (in shares) 230,418,000   227,877,000   230,415,000 227,867,000  
Basic earnings per unit attributable to common unitholders (in dollars per share) $ 0.36   $ 0.42   $ 0.75 $ 0.83  
Diluted earnings per share attributable to common shareholders (in dollars per share) 0.36   0.41   0.75 0.83  
Dividends declared per common unit (in dollars per unit) $ 0.52 $ 0.52 $ 0.51 $ 0.51 $ 0.52 $ 0.51  
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares) 1,400,000   1,100,000   1,400,000 1,100,000  
Dividends declared per common share (in dollars per share) $ 0.52   $ 0.51   $ 1.04 $ 1.02  
Outstanding units of noncontrolling interest in the Operating Partnership (in shares) 1,103,240   1,238,205   1,103,240 1,238,205 1,194,705