| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Storage properties | 8,108,076 | 8,098,390 | ||
| Less accumulated depreciation | 1,730,103 | 1,684,787 | ||
| Storage properties, net | 6,377,973 | 6,413,603 | ||
| Cash and cash equivalents | 108,393 | 8,741 | ||
| Restricted cash | 6,364 | 5,591 | ||
| Loan procurement costs, net of amortization | 1,781 | 2,098 | ||
| Investment in real estate ventures, at equity | 74,320 | 74,640 | ||
| Other assets, net | 188,827 | 204,647 | ||
| Total assets | 6,757,658 | 6,709,320 | ||
| Unsecured senior notes, net | 3,223,866 | 2,782,701 | ||
| Mortgage loans and notes payable, net | 204,681 | 205,092 | ||
| Revolving credit facility | - | 366,300 | ||
| Lease liabilities - finance leases | 65,612 | 65,636 | ||
| Accounts payable, accrued expenses and other liabilities | 246,162 | 237,415 | ||
| Distributions payable | 119,676 | 119,678 | ||
| Deferred revenue | 42,723 | 43,224 | ||
| Total liabilities | 3,902,720 | 3,820,046 | ||
| Noncontrolling interests in the operating partnership | 44,858 | 46,888 | ||
| Common shares .01 par value, 400,000,000 shares authorized, 228,035,275 and 227,764,975 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 2,280 | 2,280 | ||
| Additional paid-in capital | 4,295,941 | 4,293,182 | ||
| Accumulated other comprehensive loss | -270 | -290 | ||
| Accumulated deficit | -1,515,815 | -1,481,494 | ||
| Total cubesmart shareholders' equity | 2,782,136 | 2,813,678 | ||
| Noncontrolling interests in subsidiaries | 27,944 | 28,708 | ||
| Total equity | 2,810,080 | 2,842,386 | ||
| Total liabilities and equity | 6,757,658 | 6,709,320 | ||
CubeSmart (CUBE)
CubeSmart (CUBE)