XML 70 R57.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CAPITAL (LP cube) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Dec. 31, 2019
Increase (Decrease) in Partners' Capital                
Balance of Noncontrolling Interests in the Operating Partnership     $ 62,088       $ 62,088  
Contributions from noncontrolling interests in subsidiaries       $ 2,548   $ 4,828    
Distributions paid to noncontrolling interests in subsidiaries $ (60) $ (42) (59) (68) $ (8) (66)    
Acquisition of noncontrolling interest in subsidiary       (2,618) (27,618) (10,000)    
Adjustment for Operating Partnership interests of third parties (9,312) (615) 7,976 (2,894) (2,713) (6,681) (2,000) $ (5,900)
Net income (loss) 46,930 38,543 37,934 42,171 49,379 35,428    
Other comprehensive income, net 20 20 20 20 20 240    
Balance of Noncontrolling Interests in the Operating Partnership 69,573           69,573 62,088
Noncontrolling Interests in Operating Partnership                
Increase (Decrease) in Partners' Capital                
Balance of Noncontrolling Interests in the Operating Partnership 51,407 53,845 62,088 62,385 60,414 55,819 62,088 55,819
Issuance of OP units 9,000              
Adjustment for Operating Partnership interests of third parties 9,312 615 (7,976) 2,894 2,713 6,681    
Net income (loss) 474 389 383 426 499 358    
Other comprehensive income, net           2    
Balance of Noncontrolling Interests in the Operating Partnership 69,573 51,407 53,845 65,108 62,385 60,414 69,573 62,088
Cubesmart, L P and Subsidiaries                
Increase (Decrease) in Partners' Capital                
Balance 1,768,717 1,790,290 1,807,336 1,779,986 1,708,560 1,716,449 1,807,336 1,716,449
Balance of Noncontrolling Interests in the Operating Partnership     62,088       62,088  
Contributions from noncontrolling interests in subsidiaries       2,548   4,828    
Distributions paid to noncontrolling interests in subsidiaries (60) (42) (59) (68) (8) (66)    
Issuance of common OP units, net (44) (70) (118)          
Acquisition of noncontrolling interest in subsidiary       (2,618) (27,618) (10,000)    
Issuance of common OP units       61,232 110,521 24,580    
Conversion from OP units to shares   2,824     644 1,842    
Exercise of OP unit options 491 135   1,655 962 1,049    
Amortization of restricted OP units 1,277 1,249 710 1,214 1,231 798    
OP unit compensation expense 479 464 530 440 439 468    
Adjustment for Operating Partnership interests of third parties (9,312) (615) 7,976 (2,894) (2,713) (6,681)    
Net income (loss) 46,930 38,543 37,934 42,171 49,379 35,428    
Other comprehensive income, net 20 20 20 20 20 240    
Common OP unit distributions (64,092) (64,081) (64,039) (62,048) (61,431) (60,375)    
Balance 1,744,406 1,768,717 1,790,290 1,821,638 1,779,986 1,708,560 1,744,406 1,807,336
Balance of Noncontrolling Interests in the Operating Partnership 69,573           69,573 62,088
Cubesmart, L P and Subsidiaries | Noncontrolling Interests in Operating Partnership                
Increase (Decrease) in Partners' Capital                
Balance of Noncontrolling Interests in the Operating Partnership 51,407 53,845 62,088 62,385 60,414 55,819 62,088 55,819
Issuance of OP units 9,000              
Conversion from OP units to shares   (2,824)     (644) (1,842)    
Adjustment for Operating Partnership interests of third parties 9,312 615 (7,976) 2,894 2,713 6,681    
Net income (loss) 474 389 383 426 499 358    
Other comprehensive income, net           2    
Common OP unit distributions (620) (618) (650) (597) (597) (604)    
Balance of Noncontrolling Interests in the Operating Partnership 69,573 51,407 53,845 65,108 62,385 60,414 69,573 62,088
Cubesmart, L P and Subsidiaries | Total Shareholders' Equity                
Increase (Decrease) in Partners' Capital                
Balance 1,760,752 1,782,321 1,799,346 1,773,889 1,697,369 1,709,678 1,799,346 1,709,678
Issuance of common OP units, net (44) (70) (118)          
Acquisition of noncontrolling interest in subsidiary       (2,020) (22,573) (9,728)    
Issuance of common OP units       61,232 110,521 24,580    
Conversion from OP units to shares   2,824     644 1,842    
Exercise of OP unit options 491 135   1,655 962 1,049    
Amortization of restricted OP units 1,277 1,249 710 1,214 1,231 798    
OP unit compensation expense 479 464 530 440 439 468    
Adjustment for Operating Partnership interests of third parties (9,312) (615) 7,976 (2,894) (2,713) (6,681)    
Net income (loss) 46,891 38,505 37,896 42,154 49,420 35,498    
Other comprehensive income, net 20 20 20 20 20 240    
Common OP unit distributions (64,092) (64,081) (64,039) (62,048) (61,431) (60,375)    
Balance 1,736,462 1,760,752 1,782,321 1,813,642 1,773,889 1,697,369 1,736,462 1,799,346
Cubesmart, L P and Subsidiaries | Operating Partner                
Increase (Decrease) in Partners' Capital                
Balance $ 1,761,441 $ 1,783,030 $ 1,800,075 $ 1,774,658 $ 1,698,158 $ 1,710,707 $ 1,800,075 $ 1,710,707
Balance (in units) 193,729 193,587 193,557 191,626 188,137 187,145 193,557 187,145
Issuance of common OP units, net $ (44) $ (70) $ (118)          
Acquisition of noncontrolling interest in subsidiary       $ (2,020) $ (22,573) $ (9,728)    
Issuance of common OP units       $ 61,232 $ 110,521 $ 24,580    
Issuance of common OP units (in units)       1,773 3,353 773    
Issuance of restricted OP units (in units) 1 28 30 1 31 19    
Conversion from OP units to shares   $ 2,824     $ 644 $ 1,842    
Conversion from OP units to shares (in units)   100     20 60    
Exercise of OP unit options $ 491 $ 135   $ 1,655 $ 962 $ 1,049    
Exercise of OP unit options (in units) 18 14   154 85 140    
Amortization of restricted OP units $ 1,277 $ 1,249 $ 710 $ 1,214 $ 1,231 $ 798    
OP unit compensation expense 479 464 530 440 439 468    
Adjustment for Operating Partnership interests of third parties (9,312) (615) 7,976 (2,894) (2,713) (6,681)    
Net income (loss) 46,891 38,505 37,896 42,154 49,420 35,498    
Common OP unit distributions (64,092) (64,081) (64,039) (62,048) (61,431) (60,375)    
Balance $ 1,737,131 $ 1,761,441 $ 1,783,030 $ 1,814,391 $ 1,774,658 $ 1,698,158 $ 1,737,131 $ 1,800,075
Balance (in units) 193,748 193,729 193,587 193,554 191,626 188,137 193,748 193,557
Cubesmart, L P and Subsidiaries | Accumulated Other Comprehensive (Loss) Income                
Increase (Decrease) in Partners' Capital                
Balance $ (689) $ (709) $ (729) $ (769) $ (789) $ (1,029) $ (729) $ (1,029)
Other comprehensive income, net 20 20 20 20 20 240    
Balance (669) (689) (709) (749) (769) (789) (669) (729)
Cubesmart, L P and Subsidiaries | Noncontrolling Interest in Subsidiaries                
Increase (Decrease) in Partners' Capital                
Balance 7,965 7,969 7,990 6,097 11,191 6,771 7,990 6,771
Contributions from noncontrolling interests in subsidiaries       2,548   4,828    
Distributions paid to noncontrolling interests in subsidiaries (60) (42) (59) (68) (8) (66)    
Acquisition of noncontrolling interest in subsidiary       (598) (5,045) (272)    
Net income (loss) 39 38 38 17 (41) (70)    
Balance $ 7,944 $ 7,965 $ 7,969 $ 7,996 $ 6,097 $ 11,191 $ 7,944 $ 7,990