v3.26.1
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 20, 2025
USD ($)
Jun. 30, 2026
USD ($)
property
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
property
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
property
Dec. 09, 2021
facility
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 73,456   $ 73,456   $ 74,034  
Investments in real estate ventures       (2,057)      
Credit facility, outstanding   450,843   450,843   378,800  
Principal amount of debt   2,950,000   2,950,000   2,950,000  
Total liabilities   3,947,803   3,947,803   3,861,117  
ASSETS              
Storage facilities, net   6,306,484   6,306,484   6,375,849  
Total assets   6,584,815   6,584,815   6,643,193  
Equity              
CubeSmart   2,579,243   2,579,243   2,719,443  
Joint venture partners   18,626   18,626   26,466  
Total liabilities and equity   6,584,815   6,584,815   6,643,193  
Total revenues   286,486 $ 282,303 568,415 $ 555,339    
Net income   89,460 82,432 172,210 171,177    
Company's share of net income (loss)   556 547 1,163 926    
Ventures              
ASSETS              
Storage facilities, net   378,532   378,532   367,994  
Other assets   15,026   15,026   15,283  
Total assets   393,558   393,558   383,277  
LIABILITIES AND CAPITAL              
Debt   250,391   250,391   249,449  
Other liabilities   8,365   8,365   5,224  
Equity              
CubeSmart   43,770   43,770   43,917  
Joint venture partners   91,032   91,032   84,687  
Total liabilities and equity   393,558   393,558   383,277  
Total revenues   15,017 14,296 29,753 34,418    
Operating expenses   (6,543) (6,256) (13,074) (15,173)    
Other income (expenses)   (240) (128) (252) (238)    
Interest expense, net   (2,923) (3,013) (5,826) (7,941)    
Depreciation and amortization   (4,450) (4,056) (8,801) (10,352)    
Net income   861 843 1,800 714    
Ventures              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 73,456   $ 73,456   $ 74,034  
Number of storage facilities owned by investee | property   50   50   49  
Equity              
Company's share of net income (loss)   $ 556 $ 547 $ 1,163 $ 926    
CBPR              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 2,016   $ 2,016      
Ownership interest in partnership (as a percent)   15.00%   15.00%      
Number of storage facilities owned by investee | property   1   1      
Fontana              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 12,637   $ 12,637   $ 12,837  
Ownership interest in partnership (as a percent)   50.00%   50.00%     50.00%
Equity method investment, difference between carrying amount and underlying equity   $ 11,900   $ 11,900      
Number of storage facilities owned by investee   1   1   1 1
RCSS              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 19,289   $ 19,289   $ 19,568  
Ownership interest in partnership (as a percent)   50.00%   50.00%     50.00%
Equity method investment, difference between carrying amount and underlying equity   $ 17,800   $ 17,800      
Number of storage facilities owned by investee | property   1   1   1  
HVP V              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 9,704   $ 9,704   $ 10,505  
Ownership interest in partnership (as a percent)   20.00%   20.00%      
Number of storage facilities owned by investee | property   6   6   6  
HVP IV              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Variable Interest Entity, Interest Acquired, Percentage 80.00%     80.00%      
Aggregate sale price $ 452,800            
Amount of debt repaid $ 44,400     $ 44,400      
HHFNE              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 1,171   $ 1,171   $ 1,230  
Ownership interest in partnership (as a percent)   10.00%   10.00%      
Number of storage facilities owned by investee | property   13   13   13  
HHF              
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES              
Investment in real estate entities   $ 28,639   $ 28,639   $ 29,894  
Ownership interest in partnership (as a percent)   50.00%   50.00%      
Number of storage facilities owned by investee | property   28   28   28