$CUBE
CubeSmart Stock $cube

$cube Overview Financials Valuation SEC Filings Company Website

2012 Q2 Form 10-Q Financial Statement

#000110465912054692 Filed on August 06, 2012

Income Statement

Concept	2012 Q2	2011 Q2
Revenue	$63.65M	$54.99M
YoY Change	15.75%	10.2%
Cost Of Revenue	$26.71M	$23.20M
YoY Change	15.12%	4.98%
Gross Profit	$36.94M	$31.80M
YoY Change	16.17%	14.39%
Gross Profit Margin	58.04%	57.83%
Selling, General & Admin	$6.300M	$6.800M
YoY Change	-7.35%	0.0%
% of Gross Profit	17.05%	21.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$27.08M	$17.20M
YoY Change	57.42%	-4.44%
% of Gross Profit	73.3%	54.09%
Operating Expenses	$31.40M	$21.80M
YoY Change	44.04%	-0.91%
Operating Profit	$7.206M	$10.00M
YoY Change	-27.94%	72.41%
Interest Expense	-$10.60M	-$11.50M
YoY Change	-7.83%	2.68%
% of Operating Profit	-147.1%	-115.0%
Other Income/Expense, Net	-$107.0K	-$200.0K
YoY Change	-46.5%
Pretax Income	-$5.600M	-$1.800M
YoY Change	211.11%	-68.42%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	$2.543M	$902.0K
YoY Change	181.93%	-120.04%
Net Earnings / Revenue	4.0%	1.64%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	122.6M shares
Diluted Shares Outstanding	122.6M shares

Balance Sheet

Concept	2012 Q2	2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$137.8M	$1.800M
YoY Change	7555.56%	-94.36%
Cash & Equivalents	$137.8M	$1.845M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$137.8M	$1.800M
YoY Change	7555.56%	-94.36%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.883B	$1.463B
YoY Change	28.77%	4.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$14.10M
YoY Change
Other Assets	$20.50M	$22.40M
YoY Change	-8.48%	-26.32%
Total Long-Term Assets	$1.951B	$1.508B
YoY Change	29.42%	3.76%
TOTAL ASSETS
Total Short-Term Assets	$137.8M	$1.800M
Total Long-Term Assets	$1.951B	$1.508B
Total Assets	$2.089B	$1.510B
YoY Change	38.39%	1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$55.50M	$37.10M
YoY Change	49.6%	4.8%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$67.70M	$44.90M
YoY Change	50.78%	-81.16%
LONG-TERM LIABILITIES
Long-Term Debt	$994.8M	$656.6M
YoY Change	51.51%	40.93%
Other Long-Term Liabilities	$10.60M	$9.500M
YoY Change	11.58%	6.74%
Total Long-Term Liabilities	$1.005B	$666.1M
YoY Change	50.94%	40.29%
TOTAL LIABILITIES
Total Short-Term Liabilities	$67.70M	$44.90M
Total Long-Term Liabilities	$1.005B	$666.1M
Total Liabilities	$1.163B	$801.0M
YoY Change	45.21%	0.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$925.9M	$708.5M
YoY Change
Total Liabilities & Shareholders Equity	$2.089B	$1.510B
YoY Change	38.39%	1.65%

Cashflow Statement

Concept	2012 Q2	2011 Q2
OPERATING ACTIVITIES
Net Income	$2.543M	$902.0K
YoY Change	181.93%	-120.04%
Depreciation, Depletion And Amortization	$27.08M	$17.20M
YoY Change	57.42%	-4.44%
Cash From Operating Activities	$37.80M	$23.00M
YoY Change	64.35%	39.39%
INVESTING ACTIVITIES
Capital Expenditures	$48.70M	$48.40M
YoY Change	0.62%	563.01%
Acquisitions
YoY Change
Other Investing Activities	$24.60M	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$24.10M	-$48.30M
YoY Change	-50.1%	778.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	116.6M	23.10M
YoY Change	404.76%	-211.59%
NET CHANGE
Cash From Operating Activities	37.80M	23.00M
Cash From Investing Activities	-24.10M	-48.30M
Cash From Financing Activities	116.6M	23.10M
Net Change In Cash	130.3M	-2.200M
YoY Change	-6022.73%	-77.32%
FREE CASH FLOW
Cash From Operating Activities	$37.80M	$23.00M
Capital Expenditures	$48.70M	$48.40M
Free Cash Flow	-$10.90M	-$25.40M
YoY Change	-57.09%	-376.09%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1886000	USD
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	863000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-461000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-178000	USD
	us-gaap	Minority Interest In Net Income Loss Other Minority Interests MinorityInterestInNetIncomeLossOtherMinorityInterests	1508000	USD
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	3004000	USD
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.09
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0.05
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
CY2012Q2	cube	Other Nonoperating Income Expense Net OtherNonoperatingIncomeExpenseNet	-11024000	USD
CY2012Q2	us-gaap	Profit Loss ProfitLoss	3355000	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	2543000	USD
CY2011Q2	us-gaap	Profit Loss ProfitLoss	1588000	USD
CY2012Q2	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	61233000	USD
CY2012Q2	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	6988000	USD
CY2012Q2	us-gaap	Management Fees Revenue ManagementFeesRevenue	1103000	USD
CY2012Q2	us-gaap	Cost Of Revenue CostOfRevenue	27645000	USD
CY2012Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	27474000	USD
CY2012Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6278000	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	7927000	USD
CY2012Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	9249000	USD
CY2012Q2	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1114000	USD
CY2012Q2	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	313000	USD
CY2012Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-210000	USD
CY2012Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-107000	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-3097000	USD
CY2012Q2	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	246000	USD
CY2012Q2	us-gaap	Minority Interest In Net Income Loss Other Minority Interests MinorityInterestInNetIncomeLossOtherMinorityInterests	774000	USD
CY2012Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1502000	USD
CY2012Q2	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.04
CY2012Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0.05
CY2012Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
CY2012Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	122599000	shares
CY2012Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	122599000	shares
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	120338000	USD
	us-gaap	Other Real Estate Revenue OtherRealEstateRevenue	12965000	USD
	us-gaap	Management Fees Revenue ManagementFeesRevenue	2123000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	54494000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	52992000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12722000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	15218000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	18570000	USD
CY2012Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-6771000	USD
	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	662000	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	6868000	USD
	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	-111000	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	122433000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	122433000	shares
CY2011Q2	cube	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease Including Portion Attributable To Temporary Equity OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToTemporaryEquity	-24000	USD
CY2011Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	837000	USD
CY2011Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	2425000	USD
CY2011Q2	cube	Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest	82000	USD
CY2011Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	666000	USD
CY2011Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1677000	USD
CY2012Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4115000	USD
CY2012Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-3541000	USD
CY2011Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2107469000	USD
CY2011Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	318749000	USD
CY2011Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1788720000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9069000	USD
CY2011Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	11291000	USD
CY2011Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	8073000	USD
CY2011Q4	us-gaap	Equity Method Investments EquityMethodInvestments	15181000	USD
CY2011Q4	us-gaap	Other Assets OtherAssets	43645000	USD
CY2011Q4	us-gaap	Assets Assets	1875979000	USD
CY2011Q4	us-gaap	Unsecured Debt UnsecuredDebt	400000000	USD
CY2011Q4	us-gaap	Notes And Loans Payable NotesAndLoansPayable	358441000	USD
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	51025000	USD
CY2011Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	11401000	USD
CY2011Q4	us-gaap	Deferred Revenue DeferredRevenue	9568000	USD
CY2011Q4	cube	Real Estate Security Deposit Liability RealEstateSecurityDepositLiability	490000	USD
CY2011Q4	us-gaap	Liabilities Liabilities	830925000	USD
CY2011Q4	us-gaap	Temporary Equity Carrying Amount TemporaryEquityCarryingAmount	49732000	USD
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2011Q4	us-gaap	Preferred Stock Value PreferredStockValue	31000	USD
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	1221000	USD
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-12831000	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-342013000	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	955913000	USD
CY2011Q4	us-gaap	Minority Interest MinorityInterest	39409000	USD
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	995322000	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1875979000	USD
CY2012Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	964499000	USD
	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0775	pure
CY2011	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0775	pure
CY2012Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	6452000	USD
CY2011Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3220000	shares
CY2012Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	3220000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	3100000	shares
CY2012Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	3100000	shares
CY2011Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	3100000	shares
CY2012Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	3100000	shares
CY2012Q2	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	38000	USD
CY2011Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	861000	USD
	us-gaap	Profit Loss ProfitLoss	2064000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	861000	USD
	cube	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease Including Portion Attributable To Temporary Equity OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToTemporaryEquity	228000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Period Increase Decrease OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease	1089000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	3153000	USD
	cube	Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest	88000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	1272000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1793000	USD
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-6072000	USD
CY2010Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	765408000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	2000	USD
	us-gaap	Minority Interest Increase From Stock Issuance MinorityInterestIncreaseFromStockIssuance	7000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	122000	USD
	cube	Adjustments To Additional Paid In Capital Amortization Of Restricted Stock AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock	664000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	818000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	785000	USD
	us-gaap	Minority Interest Change In Redemption Value MinorityInterestChangeInRedemptionValue	-5305000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease	822000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease	218000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	16225000	USD
CY2011Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	748641000	USD
	cube	Depreciation Depletion And Amortization Cash Flow Impact DepreciationDepletionAndAmortizationCashFlowImpact	34431000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1482000	USD
	us-gaap	Accretion Expense AccretionExpense	-57000	USD
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	2085000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-461000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3261000	USD
	us-gaap	Increase Decrease In Restricted Cash For Operating Activities IncreaseDecreaseInRestrictedCashForOperatingActivities	-582000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	612000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	229000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	38167000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	58595000	USD
	us-gaap	Payments To Acquire And Develop Real Estate PaymentsToAcquireAndDevelopRealEstate	56379000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	79000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-56458000	USD
	us-gaap	Proceeds From Distributions Received From Real Estate Partnerships ProceedsFromDistributionsReceivedFromRealEstatePartnerships	633000	USD
	us-gaap	Proceeds From Sale Of Notes Receivable ProceedsFromSaleOfNotesReceivable	22662000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-76881000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	87200000	USD
	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	200000000	USD
	cube	Proceeds From Mortgage Loans And Notes Payable ProceedsFromMortgageLoansAndNotesPayable	3537000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	121200000	USD
	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	100000000	USD
	cube	Payments Of Mortgage Loans And Notes Payable PaymentsOfMortgageLoansAndNotesPayable	36417000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	121000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	7000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	13911000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	2293000	USD
	us-gaap	Payments Of Loan Costs PaymentsOfLoanCosts	2102000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	14245000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	147013000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-4046000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	128727000	USD
	us-gaap	Interest Paid Net InterestPaidNet	16370000	USD
	cube	Acquisition Related Contingent Consideration AcquisitionRelatedContingentConsideration	1791000	USD
	us-gaap	Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax	861000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease	228000	USD
	us-gaap	Loans Assumed1 LoansAssumed1	7943000	USD
	us-gaap	Interest Paid Net InterestPaidNet	18030000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	137796000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5891000	USD
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1845000	USD
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2012Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	123233366	shares
CY2012Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	25	state
	cube	Reporting Segments Number ReportingSegmentsNumber	1	segment
CY2012Q2	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.965	pure
	cube	Common Stock Conversion Ratio CommonStockConversionRatio	1	ratio
CY2012Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	2226295000	USD
CY2012Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	342874000	USD
CY2012Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	1883421000	USD
	dei	Entity Registrant Name EntityRegistrantName	CubeSmart
	dei	Entity Central Index Key EntityCentralIndexKey	0001298675
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2012-06-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	cube	Fully Depreciated Assets FullyDepreciatedAssets	7300000	USD
	cube	Fully Depreciated Assets FullyDepreciatedAssets	23900000	USD
CY2012Q2	cube	Debt Instrument Unamortized Fair Value Adjustment DebtInstrumentUnamortizedFairValueAdjustment	-3008000	USD
CY2011Q4	cube	Debt Instrument Unamortized Fair Value Adjustment DebtInstrumentUnamortizedFairValueAdjustment	-386000	USD
CY2012Q2	us-gaap	Notes And Loans Payable NotesAndLoansPayable	244756000	USD
	cube	Debt Instrument Fixed Interest Rate Term DebtInstrumentFixedInterestRateTerm	5
	cube	Debt Instrument Constant Interest Rate Term DebtInstrumentConstantInterestRateTerm	5
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2917000	USD
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	31846000	USD
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	56323000	USD
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	86219000	USD
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	8265000	USD
CY2012Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	56178000	USD
CY2012Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	241748000	USD
CY2012Q2	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-3008000	USD
	cube	Debt Instrument Interest Rate Prime Maximum Number Of Days Outstanding DebtInstrumentInterestRatePrimeMaximumNumberOfDaysOutstanding	30
CY2012Q2	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	894800000	USD
CY2011Q4	us-gaap	Longterm Debt Percentage Bearing Fixed Interest Amount LongtermDebtPercentageBearingFixedInterestAmount	758400000	USD
CY2012Q2	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	886200000	USD
CY2011Q4	us-gaap	Loans Payable Fair Value Disclosure LoansPayableFairValueDisclosure	736300000	USD
CY2012Q2	us-gaap	Longterm Debt Percentage Bearing Variable Interest Amount LongtermDebtPercentageBearingVariableInterestAmount	100000000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	136430000	USD
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	127814000	USD
	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	5620000	USD
	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	-9897000	USD
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.03
	cube	Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic And Diluted BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasicAndDiluted	0.03
	cube	Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic And Diluted BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasicAndDiluted	-0.11
CY2012Q2	us-gaap	Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual	11924000	USD
CY2011Q2	us-gaap	Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual	1251000	USD
	us-gaap	Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual	21753000	USD
	us-gaap	Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual	1664000	USD
CY2012Q2	us-gaap	Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual	-6519000	USD
CY2011Q2	us-gaap	Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual	-170000	USD
	us-gaap	Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual	-12337000	USD
	us-gaap	Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual	-129000	USD

Files In Submission

Name	View Source	Status
0001104659-12-054692-index-headers.html	Edgar Link	pending
0001104659-12-054692-index.html	Edgar Link	pending
0001104659-12-054692.txt	Edgar Link	pending
0001104659-12-054692-xbrl.zip	Edgar Link	pending
a12-13780_110q.htm	Edgar Link	pending
a12-13780_1ex12d1.htm	Edgar Link	pending
a12-13780_1ex12d2.htm	Edgar Link	pending
a12-13780_1ex31d1.htm	Edgar Link	pending
a12-13780_1ex31d2.htm	Edgar Link	pending
a12-13780_1ex31d3.htm	Edgar Link	pending
a12-13780_1ex31d4.htm	Edgar Link	pending
a12-13780_1ex32d1.htm	Edgar Link	pending
a12-13780_1ex32d2.htm	Edgar Link	pending
cube-20120630.xml	Edgar Link	completed
cube-20120630.xsd	Edgar Link	pending
cube-20120630_cal.xml	Edgar Link	unprocessable
cube-20120630_def.xml	Edgar Link	unprocessable
cube-20120630_lab.xml	Edgar Link	unprocessable
cube-20120630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$CUBE
CubeSmart Stock $cube

2012 Q2 Form 10-Q Financial Statement

#000110465912054692 Filed on August 06, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CUBE CubeSmart Stock $cube

2012 Q2 Form 10-Q Financial Statement

#000110465912054692 Filed on August 06, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CUBE
CubeSmart Stock $cube