Cubesmart (CUBE)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Storage properties

4,716

4,699

4,674

4,640

4,489

4,463

4,323

4,237

4,201

4,161

4,086

4,071

4,020

3,998

3,968

3,861

3,679

3,467

3,323

3,260

3,178

3,117

2,823

2,776

2,660

2,553

2,473

2,536

2,436

2,443

2,432

2,226

2,190

2,107

1,740

1,781

1,743

Less: Accumulated depreciation

944

925

936

905

884

862

838

807

785

752

723

719

693

671

685

652

622

594

569

549

520

492

466

442

419

398

380

386

367

353

340

342

334

318

307

318

314

Storage properties, net (including VIE assets of $100,143 and $92,612, respectively)

3,771

3,774

3,737

3,735

3,604

3,600

3,485

3,430

3,416

3,408

3,363

3,351

3,327

3,326

3,282

3,208

3,056

2,872

2,754

2,711

2,658

2,625

2,356

2,334

2,241

2,155

2,093

2,149

2,069

2,089

2,092

1,883

1,856

1,788

1,433

1,462

1,428

Cash and cash equivalents

35

54

7

11

3

3

3

6

6

5

6

8

3

2

87

3

2

62

3

3

3

2

31

10

3

3

2

4

2

4

2

137

7

9

12

1

5

Restricted cash

2

3

5

4

3

2

3

3

2

3

4

4

6

7

8

9

2

24

2

3

3

3

4

3

3

4

4

4

5

6

7

6

11

11

11

9

10

Loan procurement costs, net of amortization

3

4

4

4

0

0

1

1

1

1

1

1

2

2

2

2

2

2

11

11

10

10

11

11

12

12

8

9

7

8

8

9

7

8

11

12

15

Investment in real estate ventures, at equity

95

91

88

86

94

95

98

100

99

91

91

93

95

98

97

99

100

97

90

92

93

95

98

101

154

156

-

-

-

-

-

14

14

15

15

-

-

Assets held for sale

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

-

-

-

-

67

-

-

-

6

4

-

-

-

-

-

Other assets, net

93

101

104

105

107

48

49

43

39

34

36

33

31

36

41

39

41

43

40

42

39

48

43

41

27

27

25

30

27

41

49

33

40

43

19

22

18

Total assets

4,002

4,029

3,950

3,947

3,814

3,752

3,640

3,584

3,565

3,545

3,503

3,493

3,466

3,475

3,519

3,362

3,206

3,104

2,929

2,863

2,808

2,786

2,544

2,503

2,442

2,358

2,203

2,197

2,112

2,150

2,167

2,088

1,937

1,875

1,503

1,509

1,478

LIABILITIES AND CAPITAL
Unsecured senior notes, net

1,836

1,835

1,489

1,489

1,488

1,143

1,143

1,142

1,142

1,142

1,142

1,141

1,039

1,039

1,038

742

742

741

500

500

500

500

500

500

500

500

250

250

250

250

250

250

-

-

-

-

-

Revolving credit facility

-

-

237

257

96

195

94

47

136

81

66

60

53

43

-

150

54

-

167

161

80

78

-

56

70

38

88

110

30

45

65

-

50

-

-

9

43

Unsecured term loans, net

-

-

-

-

99

299

299

299

299

299

299

299

398

398

398

398

398

398

400

400

400

400

400

400

400

400

500

500

500

500

500

500

400

400

300

300

200

Mortgage loans and notes payable, net

95

96

96

106

107

108

109

109

110

111

112

112

107

114

115

138

101

111

120

142

196

195

215

224

226

200

206

214

226

228

258

244

387

358

346

347

372

Accounts payable, accrued expenses and other liabilities

136

137

150

164

168

149

153

146

122

143

139

126

104

93

93

96

96

85

88

81

70

69

63

57

49

57

55

54

52

60

63

55

46

51

50

37

36

Distributions payable

64

64

62

62

60

60

56

56

55

55

49

49

49

49

39

39

39

38

29

28

28

28

21

20

20

19

16

16

16

16

12

11

11

11

7

7

7

Deferred revenue

25

25

25

25

23

22

23

23

22

21

21

21

21

20

20

19

18

17

17

17

16

15

14

14

13

12

12

12

11

11

10

10

10

9

9

9

8

Security deposits

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Liabilities held for sale

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Total liabilities

2,158

2,160

2,063

2,105

2,045

1,980

1,879

1,826

1,890

1,855

1,831

1,812

1,773

1,759

1,706

1,586

1,451

1,393

1,323

1,331

1,292

1,286

1,215

1,274

1,280

1,229

1,130

1,158

1,087

1,112

1,160

1,073

906

830

713

711

668

Limited Partnership interests of third parties

53

62

65

62

60

55

58

64

57

54

48

59

52

54

60

68

71

66

60

52

54

49

40

41

38

36

40

36

36

47

56

51

55

49

42

49

45

Commitments and contingencies

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Capital
7.75% Series A Preferred shares $.01 par value, 3,220,000 shares authorized, 0 and 3,100,000 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

Common shares $.01 par value, 400,000,000 shares authorized, 187,145,103 and 182,215,735 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively

-

-

-

-

-

-

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

Additional paid in capital

-

-

-

-

-

-

2,472

2,458

2,356

2,356

2,323

2,306

2,313

2,314

2,381

2,332

2,299

2,231

2,127

2,040

2,011

1,974

1,781

1,669

1,589

1,542

1,492

1,457

1,436

1,418

1,357

1,315

1,310

1,309

1,030

1,028

1,026

Accumulated other comprehensive loss

-0

-0

-0

-0

-0

-1

-

-

0

0

-0

-0

-1

-1

-3

-4

-5

-4

-8

-8

-9

-8

-8

-10

-10

-11

-12

-11

-18

-19

-21

-18

-12

-12

-9

-0

-1

Accumulated deficit

-

-

-

-

-

-

-779

-773

-748

-729

-708

-691

-680

-658

-634

-627

-613

-584

-576

-556

-543

-519

-487

-474

-459

-440

-448

-444

-429

-410

-388

-372

-363

-342

-314

-321

-302

Total CubeSmart shareholders' equity

-

-

-

-

-

-

1,695

1,686

1,610

1,629

1,616

1,615

1,633

1,655

1,746

1,702

1,682

1,643

1,544

1,477

1,459

1,448

1,287

1,185

1,121

1,092

1,032

1,002

989

989

949

925

936

955

707

708

724

Noncontrolling interests in subsidiaries

-

-

-

-

-

-

6

6

6

6

5

5

6

5

5

5

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

38

38

39

39

40

41

Total equity

-

-

-

-

-

-

1,702

1,693

1,617

1,635

1,622

1,621

1,639

1,661

1,751

1,707

1,683

1,644

1,545

1,479

1,461

1,449

1,288

1,186

1,123

1,093

1,032

1,002

989

989

950

964

975

995

747

748

765

Total liabilities and equity

4,002

4,029

3,950

3,947

3,814

3,752

3,640

3,584

3,565

3,545

3,503

3,493

3,466

3,475

3,519

3,362

3,206

3,104

2,929

2,863

2,808

2,786

2,544

2,503

2,442

2,358

2,203

2,197

2,112

2,150

2,167

2,088

1,937

1,875

1,503

1,509

1,478

Cubesmart, L P and Subsidiaries
Storage properties

4,716

4,699

4,674

4,640

4,489

4,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Accumulated depreciation

944

925

936

905

884

862

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Storage properties, net (including VIE assets of $100,143 and $92,612, respectively)

3,771

3,774

3,737

3,735

3,604

3,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

35

54

7

11

3

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

2

3

5

4

3

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan procurement costs, net of amortization

3

4

4

4

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate ventures, at equity

95

91

88

86

94

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets, net

93

101

104

105

107

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

4,002

4,029

3,950

3,947

3,814

3,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured senior notes, net

1,836

1,835

1,489

1,489

1,488

1,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility

-

-

237

257

96

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured term loans, net

-

-

-

-

99

299

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans and notes payable, net

95

96

96

106

107

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

136

137

150

164

168

149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions payable

64

64

62

62

60

60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

25

25

25

25

23

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposits

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

2,158

2,160

2,063

2,105

2,045

1,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited Partnership interests of third parties

53

62

65

62

60

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Partner

1,783

1,800

1,814

1,774

1,698

1,710

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-0

-0

-0

-0

-0

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total CubeSmart, L.P. capital

1,782

1,799

1,813

1,773

1,697

1,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests in subsidiaries

7

7

7

6

11

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total capital

1,790

1,807

1,821

1,779

1,708

1,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

4,002

4,029

3,950

3,947

3,814

3,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-