CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($)
$ in Thousands |
Sep. 30, 2017 |
Dec. 31, 2016 |
| ASSETS |
|
|
| Storage facilities |
$ 4,086,960
|
$ 3,998,180
|
| Less: Accumulated depreciation |
(723,702)
|
(671,364)
|
| Storage facilities, net (including VIE assets of $267,933 and $208,048, respectively) |
3,363,258
|
3,326,816
|
| Cash and cash equivalents |
6,230
|
2,973
|
| Restricted cash |
4,189
|
7,893
|
| Loan procurement costs, net of amortization |
1,709
|
2,150
|
| Investment in real estate venture, at equity |
91,455
|
98,682
|
| Other assets, net |
36,178
|
36,514
|
| Total assets |
3,503,019
|
3,475,028
|
| LIABILITIES AND CAPITAL |
|
|
| Unsecured senior notes, net |
1,142,194
|
1,039,076
|
| Revolving credit facility |
66,700
|
43,300
|
| Unsecured term loan |
299,295
|
398,749
|
| Mortgage loans and notes payable, net |
112,214
|
114,618
|
| Accounts payable, accrued expenses and other liabilities |
139,368
|
93,764
|
| Distributions payable |
49,407
|
49,239
|
| Deferred revenue |
21,765
|
20,226
|
| Security deposits |
414
|
412
|
| Total liabilities |
1,831,357
|
1,759,384
|
| Limited Partnership interests of third parties |
48,759
|
54,407
|
| Commitments and contingencies |
|
|
| Capital |
|
|
| Accumulated other comprehensive loss |
(363)
|
(1,850)
|
| Total liabilities and equity |
3,503,019
|
3,475,028
|
| CubeSmart, L.P. and Subsidiaries |
|
|
| ASSETS |
|
|
| Storage facilities |
4,086,960
|
3,998,180
|
| Less: Accumulated depreciation |
(723,702)
|
(671,364)
|
| Storage facilities, net (including VIE assets of $267,933 and $208,048, respectively) |
3,363,258
|
3,326,816
|
| Cash and cash equivalents |
6,230
|
2,973
|
| Restricted cash |
4,189
|
7,893
|
| Loan procurement costs, net of amortization |
1,709
|
2,150
|
| Investment in real estate venture, at equity |
91,455
|
98,682
|
| Other assets, net |
36,178
|
36,514
|
| Total assets |
3,503,019
|
3,475,028
|
| LIABILITIES AND CAPITAL |
|
|
| Unsecured senior notes, net |
1,142,194
|
1,039,076
|
| Revolving credit facility |
66,700
|
43,300
|
| Unsecured term loan |
299,295
|
398,749
|
| Mortgage loans and notes payable, net |
112,214
|
114,618
|
| Accounts payable, accrued expenses and other liabilities |
139,368
|
93,764
|
| Distributions payable |
49,407
|
49,239
|
| Deferred revenue |
21,765
|
20,226
|
| Security deposits |
414
|
412
|
| Total liabilities |
1,831,357
|
1,759,384
|
| Limited Partnership interests of third parties |
48,759
|
54,407
|
| Capital |
|
|
| Operating Partner |
1,617,283
|
1,657,232
|
| Accumulated other comprehensive loss |
(363)
|
(1,850)
|
| Total CubeSmart, L.P. capital |
1,616,920
|
1,655,382
|
| Noncontrolling interests in subsidiaries |
5,983
|
5,855
|
| Total capital |
1,622,903
|
1,661,237
|
| Total liabilities and equity |
$ 3,503,019
|
$ 3,475,028
|