v3.26.1
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership   $ 36,167      
Contributions from noncontrolling interests in subsidiaries   11      
Distributions paid to noncontrolling interest in subsidiaries $ (178) (6,659) $ (165) $ (112)  
Adjustment for Operating Partnership interests of third parties (3,197) (755) 180 59  
Net income (loss) 89,065 82,393 82,031 88,292  
Other comprehensive income, net 20 20 20 20  
Balance of Noncontrolling Interests in the Operating Partnership 39,143        
Noncontrolling Interests in the Operating Partnership          
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership 36,072 36,167 48,784 51,193 $ 51,193
Adjustment for Operating Partnership interests of third parties 3,197 755 (180) (59)  
Net income (loss) 395 357 401 453  
Balance of Noncontrolling Interests in the Operating Partnership 39,143 36,072 46,888 48,784 46,888
CubeSmart, L.P. and Subsidiaries          
Increase (Decrease) in Partners' Capital          
Balance 2,668,587 2,745,909 2,874,023 2,902,675 $ 2,902,675
Balance of Noncontrolling Interests in the Operating Partnership   36,167      
Contributions from noncontrolling interests in subsidiaries   11      
Distributions paid to noncontrolling interest in subsidiaries (178) (6,659) (165) (112)  
Issuance of OP units, net (106) (21) $ (122) (168)  
Repurchase of OP units $ (42,505) (33,382)      
Issuance of restricted OP units   1   1  
Redemption of OP units for cash   4      
Redemption of OP units for cash (in units) 0   (38,965)   (91,465)
Conversion from OP units to shares     $ 1,543 2,209  
Exercise of OP unit options $ 3,081 608 1,669    
Equity compensation expense 3,320 3,284 2,504 3,208  
Taxes withheld upon net settlement of equity compensation (158) (2,171) (183) (3,047)  
Adjustment for Operating Partnership interests of third parties (3,197) (755) 180 59  
Net income (loss) 89,065 82,393 82,031 88,292  
Other comprehensive income, net 20 20 20 20  
OP unit distributions (120,060) (120,655) (119,114) (119,114)  
Balance 2,597,869 2,668,587 2,842,386 2,874,023 $ 2,842,386
Balance of Noncontrolling Interests in the Operating Partnership 39,143        
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interests in the Operating Partnership          
Increase (Decrease) in Partners' Capital          
Balance of Noncontrolling Interests in the Operating Partnership 36,072 36,167 48,784 51,193 51,193
Redemption of OP units for cash   (685)      
Conversion from OP units to shares     (1,543) (2,209)  
Adjustment for Operating Partnership interests of third parties 3,197 755 (180) (59)  
Net income (loss) 395 357 401 453  
OP unit distributions (521) (522) (574) (594)  
Balance of Noncontrolling Interests in the Operating Partnership 39,143 36,072 46,888 48,784 46,888
CubeSmart, L.P. and Subsidiaries | Total Shareholders' Equity          
Increase (Decrease) in Partners' Capital          
Balance 2,649,263 2,719,443 2,844,221 2,871,856 2,871,856
Issuance of OP units, net (106) (21) (122) (168)  
Repurchase of OP units (42,505) (33,382)      
Issuance of restricted OP units   1   1  
Redemption of OP units for cash   4      
Conversion from OP units to shares     1,543 2,209  
Exercise of OP unit options 3,081 608 1,669    
Equity compensation expense 3,320 3,284 2,504 3,208  
Taxes withheld upon net settlement of equity compensation (158) (2,171) (183) (3,047)  
Adjustment for Operating Partnership interests of third parties (3,197) (755) 180 59  
Net income (loss) 89,585 82,887 82,960 89,197  
Other comprehensive income, net 20 20 20 20  
OP unit distributions (120,060) (120,655) (119,114) (119,114)  
Balance 2,579,243 2,649,263 2,813,678 2,844,221 2,813,678
CubeSmart, L.P. and Subsidiaries | Operating Partner          
Increase (Decrease) in Partners' Capital          
Balance $ 2,649,492 $ 2,719,692 $ 2,844,531 $ 2,872,186 $ 2,872,186
Balance (in units) 226,466,000 227,269,000 227,920,000 227,765,000 227,765,000
Issuance of OP units, net $ (106) $ (21) $ (122) $ (168)  
Repurchase of OP units $ (42,505) $ (33,382)      
Repurchase of OP units (in units) (1,090,000) (911,000)      
Issuance of restricted OP units   $ 1   $ 1  
Issuance of restricted OP units (in units) 29,000 85,000 29,000 103,000  
Redemption of OP units for cash   $ 4      
Conversion from OP units to shares     $ 1,543 $ 2,209  
Conversion from OP units to shares (in units)     39,000 52,000  
Exercise of OP unit options $ 3,081 $ 608 $ 1,669    
Exercise of OP unit options (in units) 117,000 23,000 46,000    
Equity compensation expense $ 3,320 $ 3,284 $ 2,504 $ 3,208  
Taxes withheld upon net settlement of equity compensation (158) (2,171) (183) (3,047)  
Adjustment for Operating Partnership interests of third parties (3,197) (755) 180 59  
Net income (loss) 89,585 82,887 82,960 89,197  
OP unit distributions (120,060) (120,655) (119,114) (119,114)  
Balance $ 2,579,452 $ 2,649,492 $ 2,813,968 $ 2,844,531 $ 2,813,968
Balance (in units) 225,522,000 226,466,000 228,034,000 227,920,000 228,034,000
CubeSmart, L.P. and Subsidiaries | Accumulated Other Comprehensive Income (Loss)          
Increase (Decrease) in Partners' Capital          
Balance $ (229) $ (249) $ (310) $ (330) $ (330)
Other comprehensive income, net 20 20 20 20  
Balance (209) (229) (290) (310) (290)
CubeSmart, L.P. and Subsidiaries | Noncontrolling Interest in Subsidiaries          
Increase (Decrease) in Partners' Capital          
Balance 19,324 26,466 29,802 30,819 30,819
Contributions from noncontrolling interests in subsidiaries   11      
Distributions paid to noncontrolling interest in subsidiaries (178) (6,659) (165) (112)  
Net income (loss) (520) (494) (929) (905)  
Balance $ 18,626 $ 19,324 $ 28,708 $ 29,802 $ 28,708