$CUBE
CubeSmart

2011 Q4 Form 10-K Financial Statement

#000110465913016175 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $61.33M $57.70M $54.99M
YoY Change 37.82% 7.85% 10.2%
Cost Of Revenue $23.10M $24.08M $23.20M
YoY Change 26.23% 4.71% 4.98%
Gross Profit $35.90M $33.62M $31.80M
YoY Change 37.02% 10.22% 14.39%
Gross Profit Margin 58.54% 58.26% 57.83%
Selling, General & Admin $6.300M $5.500M $6.800M
YoY Change 3.28% -16.67% 0.0%
% of Gross Profit 17.55% 16.36% 21.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.30M $15.62M $17.20M
YoY Change 24.58% -8.65% -4.44%
% of Gross Profit 62.12% 46.46% 54.09%
Operating Expenses $26.80M $21.10M $21.80M
YoY Change 41.05% -0.94% -0.91%
Operating Profit $9.100M $13.31M $10.00M
YoY Change 26.39% 44.67% 72.41%
Interest Expense -$15.80M -$9.600M -$11.50M
YoY Change 54.9% -18.64% 2.68%
% of Operating Profit -173.63% -72.13% -115.0%
Other Income/Expense, Net $300.0K $8.000K -$200.0K
YoY Change -400.0% -98.67%
Pretax Income -$9.600M $3.400M -$1.800M
YoY Change 182.35% -247.83% -68.42%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$8.011M $6.828M $902.0K
YoY Change -481.48% -555.2% -120.04%
Net Earnings / Revenue -13.06% 11.83% 1.64%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share -$0.10 $0.07 $0.00
COMMON SHARES
Basic Shares Outstanding 98.90M shares
Diluted Shares Outstanding 100.3M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.100M $12.50M $1.800M
YoY Change 54.24% -46.12% -94.36%
Cash & Equivalents $9.069M $12.49M $1.845M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.100M $12.50M $1.800M
YoY Change 54.24% -46.12% -94.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.789B $1.433B $1.463B
YoY Change 25.22% 0.98% 4.23%
Goodwill
YoY Change
Intangibles $23.19M
YoY Change
Long-Term Investments $15.18M $15.40M
YoY Change
Other Assets $19.40M $22.80M $22.40M
YoY Change -25.1% -34.29% -26.32%
Total Long-Term Assets $1.867B $1.491B $1.508B
YoY Change 26.75% 1.13% 3.76%
TOTAL ASSETS
Total Short-Term Assets $9.100M $12.50M $1.800M
Total Long-Term Assets $1.867B $1.491B $1.508B
Total Assets $1.876B $1.503B $1.510B
YoY Change 26.86% 0.39% 1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.00M $50.00M $37.10M
YoY Change 40.88% 23.15% 4.8%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.90M $57.80M $44.90M
YoY Change 42.95% 32.57% -81.16%
LONG-TERM LIABILITIES
Long-Term Debt $758.4M $646.0M $656.6M
YoY Change 23.22% -1.55% 40.93%
Other Long-Term Liabilities $9.600M $9.300M $9.500M
YoY Change 7.87% 4.49% 6.74%
Total Long-Term Liabilities $768.0M $655.3M $666.1M
YoY Change 23.0% -1.47% 40.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.90M $57.80M $44.90M
Total Long-Term Liabilities $768.0M $655.3M $666.1M
Total Liabilities $830.9M $795.1M $801.0M
YoY Change 10.11% 0.08% 0.09%
SHAREHOLDERS EQUITY
Retained Earnings -$342.0M
YoY Change
Common Stock $1.221M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $955.9M $708.0M $708.5M
YoY Change
Total Liabilities & Shareholders Equity $1.876B $1.503B $1.510B
YoY Change 26.86% 0.39% 1.65%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$8.011M $6.828M $902.0K
YoY Change -481.48% -555.2% -120.04%
Depreciation, Depletion And Amortization $22.30M $15.62M $17.20M
YoY Change 24.58% -8.65% -4.44%
Cash From Operating Activities $19.90M $26.20M $23.00M
YoY Change -3.4% 11.49% 39.39%
INVESTING ACTIVITIES
Capital Expenditures $389.2M $25.60M $48.40M
YoY Change 555.22% -27.07% 563.01%
Acquisitions
YoY Change
Other Investing Activities $1.800M $27.40M $0.00
YoY Change -95.35% -2207.69% -100.0%
Cash From Investing Activities -$387.5M $1.900M -$48.30M
YoY Change 1771.98% -105.22% 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 364.1M -17.30M 23.10M
YoY Change -2216.86% -502.33% -211.59%
NET CHANGE
Cash From Operating Activities 19.90M 26.20M 23.00M
Cash From Investing Activities -387.5M 1.900M -48.30M
Cash From Financing Activities 364.1M -17.30M 23.10M
Net Change In Cash -3.500M 10.80M -2.200M
YoY Change -79.77% -225.58% -77.32%
FREE CASH FLOW
Cash From Operating Activities $19.90M $26.20M $23.00M
Capital Expenditures $389.2M $25.60M $48.40M
Free Cash Flow -$369.3M $600.0K -$25.40M
YoY Change 851.8% -105.17% -376.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q4 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.976 pure
CY2012 cube Common Stock Conversion Ratio
CommonStockConversionRatio
1 ratio
CY2010 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
CY2012 cube Ordinary Income Distributions Paid Percentage
OrdinaryIncomeDistributionsPaidPercentage
0.817538 pure
CY2012 cube Capital Gain Distributions Paid Percentage
CapitalGainDistributionsPaidPercentage
0.149075 pure
CY2012 cube Return Of Capital Distributions Paid Percentage
ReturnOfCapitalDistributionsPaidPercentage
0.033387 pure
CY2012 cube Federal Excise Tax Rate
FederalExciseTaxRate
0.04 pure
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
700000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
400000 USD
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1177000 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1378000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000 shares
CY2011Q4 us-gaap Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
1.54902
CY2012Q4 us-gaap Foreign Currency Exchange Rate Translation
ForeignCurrencyExchangeRateTranslation
1.625924
CY2011 cube Foreign Currency Exchange Rate Translation Average Rate
ForeignCurrencyExchangeRateTranslationAverageRate
1.60377
CY2012 cube Foreign Currency Exchange Rate Translation Average Rate
ForeignCurrencyExchangeRateTranslationAverageRate
1.585074
CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
200000 USD
CY2012 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8100000 USD
CY2011 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6900000 USD
CY2010 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
6600000 USD
CY2012 cube Equity Offering Costs
EquityOfferingCosts
1700000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
CY2012 cube Disposal Group Including Discontinued Operation Expected Timing Of Disposal
DisposalGroupIncludingDiscontinuedOperationExpectedTimingOfDisposal
P1Y
CY2012 cube Cash And Cash Equivalents Maximum Original Maturity Period
CashAndCashEquivalentsMaximumOriginalMaturityPeriod
P3M
CY2011Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
4900000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2012Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
3400000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23185000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
21670000 USD
CY2011Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
13000000 USD
CY2012Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
11700000 USD
CY2011Q4 us-gaap Deposits Assets
DepositsAssets
9318000 USD
CY2012Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10209000 USD
CY2011Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3676000 USD
CY2012Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1805000 USD
CY2011Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1397000 USD
CY2012Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1556000 USD
CY2011Q4 us-gaap Prepaid Taxes
PrepaidTaxes
1114000 USD
CY2012Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
6554000 USD
CY2011Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4955000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
41794000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
43645000 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2107469000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2443022000 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
318749000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
353315000 USD
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
403000000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1788720000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
55970000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
61933000 USD
CY2012 cube Debt Instrument Interest Rate Prime Maximum Number Of Days Outstanding
DebtInstrumentInterestRatePrimeMaximumNumberOfDaysOutstanding
30 D
CY2012 cube Reporting Segments Number
ReportingSegmentsNumber
1 segment
CY2011Q4 cube Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
-386000 USD
CY2012 cube Debt Instrument Fixed Interest Rate Term
DebtInstrumentFixedInterestRateTerm
5 Y
CY2012 cube Debt Instrument Constant Interest Rate Term
DebtInstrumentConstantInterestRateTerm
5 Y
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
30136000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12149000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
86689000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21261000 USD
CY2011Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
736300000 USD
CY2012Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
866900000 USD
CY2012Q4 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
150400000 USD
CY2012Q4 cube Debt Instrument Unamortized Fair Value Adjustment
DebtInstrumentUnamortizedFairValueAdjustment
-4326000 USD
CY2011Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
358441000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1863000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
72335000 USD
CY2012Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-4326000 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
224433000 USD
CY2012 cube Acreage Of Real Estate Property
AcreageOfRealEstateProperty
50 acre
CY2011Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
758400000 USD
CY2012Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
873300000 USD
CY2012 cube Disposal Group Including Discontinued Operations Number Of Real Estate Properties Sold
DisposalGroupIncludingDiscontinuedOperationsNumberOfRealEstatePropertiesSold
26 property
CY2011 cube Disposal Group Including Discontinued Operations Number Of Real Estate Properties Sold
DisposalGroupIncludingDiscontinuedOperationsNumberOfRealEstatePropertiesSold
19 property
CY2010 cube Disposal Group Including Discontinued Operations Number Of Real Estate Properties Sold
DisposalGroupIncludingDiscontinuedOperationsNumberOfRealEstatePropertiesSold
16 property
CY2010 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
1826000 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
9811000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
300000 USD
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
200000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1206000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1192000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1191000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1182000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1192000 USD
CY2011 cube Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-474000 USD
CY2011 cube Net Income Loss From Discontinued Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromDiscontinuedOperationsAttributableToRedeemableNoncontrollingInterest
509000 USD
CY2010 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-15000000 USD
CY2010 cube Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-848000 USD
CY2010 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
1755000 USD
CY2010 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-15907000 USD
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
8981000 USD
CY2010 cube Net Income Loss From Discontinued Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromDiscontinuedOperationsAttributableToRedeemableNoncontrollingInterest
467000 USD
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
8514000 USD
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93998000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93998000 shares
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-8296000 USD
CY2012 cube Net Income Loss From Continuing Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromContinuingOperationsAttributableToRedeemableNoncontrollingInterest
-393000 USD
CY2012 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
1918000 USD
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
6008000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-15829000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
11924000 USD
CY2012 cube Net Income Loss From Discontinued Operations Attributable To Redeemable Noncontrolling Interest
NetIncomeLossFromDiscontinuedOperationsAttributableToRedeemableNoncontrollingInterest
286000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124548000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124548000 shares
CY2011 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.12
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.10
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2011 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.393
CY2010 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.17
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.09
CY2010 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.290
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.145
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.350
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.13
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.10
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2012 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
1.936
CY2010Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
4737136 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04 pure
CY2011Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
4674136 shares
CY2012Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3293730 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
122058919 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
131794547 shares
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
400000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
700000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38 pure
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3349000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2971000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
134000 USD
CY2010Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
34000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3483000 USD
CY2010Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
3005000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3684000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
400000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4084000 USD
CY2011Q4 cube Deferred Tax Liabilities Share Based Compensation Cost
DeferredTaxLiabilitiesShareBasedCompensationCost
3045000 USD
CY2010Q4 cube Deferred Tax Liabilities Share Based Compensation Cost
DeferredTaxLiabilitiesShareBasedCompensationCost
2689000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3045000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2689000 USD
CY2012Q4 cube Deferred Tax Liabilities Share Based Compensation Cost
DeferredTaxLiabilitiesShareBasedCompensationCost
3347000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3347000 USD
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
286882000 USD
CY2011 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
-40638000 USD
CY2011 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
-0.42
CY2011 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
10007000 USD
CY2011 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-4151000 USD
CY2012 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
0.16
CY2012 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
56093000 USD
CY2012 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-27562000 USD
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
304564000 USD
CY2012 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
22248000 USD
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
64602000 USD
CY2012Q1 us-gaap Costs And Expenses
CostsAndExpenses
57817000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-3843000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
67775000 USD
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
60408000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
73329000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
65339000 USD
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
77370000 USD
CY2012Q4 us-gaap Costs And Expenses
CostsAndExpenses
67262000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
2543000 USD
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
1636000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
1481000 USD
CY2011Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
53228000 USD
CY2011Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
54989000 USD
CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
57700000 USD
CY2011Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
61328000 USD
CY2011Q1 us-gaap Costs And Expenses
CostsAndExpenses
44202000 USD
CY2011Q2 us-gaap Costs And Expenses
CostsAndExpenses
45028000 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
44686000 USD
CY2011Q4 us-gaap Costs And Expenses
CostsAndExpenses
51362000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-117000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
902000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
6828000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-8011000 USD
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2011Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2107469000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1743021000 USD
CY2009Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1774542000 USD
CY2012 cube Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
335644000 USD
CY2011 cube Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
460357000 USD
CY2010 cube Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
96612000 USD
CY2012 cube Real Estate Fully Depreciated Assets
RealEstateFullyDepreciatedAssets
25415000 USD
CY2011 cube Real Estate Fully Depreciated Assets
RealEstateFullyDepreciatedAssets
43770000 USD
CY2010 cube Real Estate Fully Depreciated Assets
RealEstateFullyDepreciatedAssets
79211000 USD
CY2012 cube Real Estate Cost Of Real Estate Sold And Other Deductions
RealEstateCostOfRealEstateSoldAndOtherDeductions
71265000 USD
CY2011 cube Real Estate Cost Of Real Estate Sold And Other Deductions
RealEstateCostOfRealEstateSoldAndOtherDeductions
56458000 USD
CY2010 cube Real Estate Cost Of Real Estate Sold And Other Deductions
RealEstateCostOfRealEstateSoldAndOtherDeductions
49865000 USD
CY2012 cube Real Estate Gross Construction In Progress
RealEstateGrossConstructionInProgress
2910000 USD
CY2011 cube Real Estate Gross Construction In Progress
RealEstateGrossConstructionInProgress
4319000 USD
CY2010 cube Real Estate Gross Construction In Progress
RealEstateGrossConstructionInProgress
943000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2443022000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
318749000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
314530000 USD
CY2009Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
344009000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
353315000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
79955000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
58560000 USD
CY2010 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
64387000 USD
CY2012 cube Real Estate Accumulated Depreciation Fully Depreciated Assets
RealEstateAccumulatedDepreciationFullyDepreciatedAssets
25415000 USD
CY2011 cube Real Estate Accumulated Depreciation Fully Depreciated Assets
RealEstateAccumulatedDepreciationFullyDepreciatedAssets
43770000 USD
CY2010 cube Real Estate Accumulated Depreciation Fully Depreciated Assets
RealEstateAccumulatedDepreciationFullyDepreciatedAssets
79211000 USD
CY2012 cube Real Estate Accumulated Depreciation Real Estate Sold And Other Deductions
RealEstateAccumulatedDepreciationRealEstateSoldAndOtherDeductions
19974000 USD
CY2011 cube Real Estate Accumulated Depreciation Real Estate Sold And Other Deductions
RealEstateAccumulatedDepreciationRealEstateSoldAndOtherDeductions
10571000 USD
CY2010 cube Real Estate Accumulated Depreciation Real Estate Sold And Other Deductions
RealEstateAccumulatedDepreciationRealEstateSoldAndOtherDeductions
14655000 USD
CY2010Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1428491000 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 Assets
Assets
1875979000 USD
CY2012Q4 us-gaap Assets
Assets
2150319000 USD
CY2012Q4 us-gaap Line Of Credit
LineOfCredit
45000000 USD
CY2011Q4 us-gaap Unsecured Debt
UnsecuredDebt
400000000 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
CY2012Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
47990000 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 Additional Paid In Capital
AdditionalPaidInCapital
1309505000 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
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
989909000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1875979000 USD
CY2011 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2012 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3220000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3220000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
3100000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
3100000 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
3100000 shares
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
122058919 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
131794547 shares
CY2010 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
179748000 USD
CY2010 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
17114000 USD
CY2010 us-gaap Management Fees Revenue
ManagementFeesRevenue
2829000 USD
CY2010 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
199691000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58876000 USD
CY2010 us-gaap Cost Of Revenue
CostOfRevenue
85779000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25406000 USD
CY2010 us-gaap Costs And Expenses
CostsAndExpenses
170061000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
29630000 USD
CY2010 us-gaap Interest Expense Debt
InterestExpenseDebt
37794000 USD
CY2010 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6463000 USD
CY2010 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
759000 USD
CY2010 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
386000 USD
CY2010 cube Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
-44630000 USD
CY2010 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
7155000 USD
CY2010 us-gaap Profit Loss
ProfitLoss
-6019000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
3628000 USD
CY2011 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
35000 USD
CY2010 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-381000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
-7393000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-398000 USD
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
283076000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
250826000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
32250000 USD
CY2012 cube Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
-40546000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-12394000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7466000 USD
CY2010 cube Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease Including Portion Attributable To Temporary Equity
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToTemporaryEquity
-268000 USD
CY2011 cube Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease Including Portion Attributable To Temporary Equity
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToTemporaryEquity
151000 USD
CY2012 cube Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease Including Portion Attributable To Temporary Equity
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecreaseIncludingPortionAttributableToTemporaryEquity
172000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-7294000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1927000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-5148000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
739330000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
765408000 USD
CY2010 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
15000 USD
CY2011 us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
1000 USD
CY2010Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
45145000 USD
CY2011Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
49732000 USD
CY2010 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
47573000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
204019000 USD
CY2011 cube Stock Issued During Period Value Preferred Shares
StockIssuedDuringPeriodValuePreferredShares
74848000 USD
CY2010 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
3000 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
194000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
121000 USD
CY2010 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
675000 USD
CY2011 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
624000 USD
CY2010 cube Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
1759000 USD
CY2011 cube Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
1677000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1882000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1527000 USD
CY2010 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-1510000 USD
CY2011 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-7082000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7393000 USD
CY2010 cube Profit Loss Including Temporary Equity Net Income Loss
ProfitLossIncludingTemporaryEquityNetIncomeLoss
-5638000 USD
CY2011 cube Profit Loss Including Temporary Equity Net Income Loss
ProfitLossIncludingTemporaryEquityNetIncomeLoss
2412000 USD
CY2011 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-11849000 USD
CY2011 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1218000 USD
CY2010 us-gaap Dividends Common Stock
DividendsCommonStock
18619000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-255000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
144000 USD
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
35313000 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1629000 USD
CY2012 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
19247000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1198000 USD
CY2012 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-19520000 USD
CY2012 cube Profit Loss Including Temporary Equity Net Income Loss
ProfitLossIncludingTemporaryEquityNetIncomeLoss
3735000 USD
CY2012 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-7124000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
168000 USD
CY2010 cube Depreciation Depletion And Amortization Cash Flow Impact
DepreciationDepletionAndAmortizationCashFlowImpact
70850000 USD
CY2011 cube Depreciation Depletion And Amortization Cash Flow Impact
DepreciationDepletionAndAmortizationCashFlowImpact
73702000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
3641000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
3204000 USD
CY2010 us-gaap Accretion Expense
AccretionExpense
-255000 USD
CY2011 us-gaap Accretion Expense
AccretionExpense
-89000 USD
CY2010 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
427000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
585000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-3889000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
853000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1437000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2634000 USD
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
227000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-678000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
71517000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
84327000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
118428000 USD
CY2010 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
104441000 USD
CY2011 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
471188000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
15462000 USD
CY2010 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
37304000 USD
CY2011 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
44460000 USD
CY2010 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
20112000 USD
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
249638000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2242000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-90000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44783000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-442100000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271936000 USD
CY2010 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
95000000 USD
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
256700000 USD
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
358000000 USD
CY2011 cube Proceeds From Mortgage Loans And Notes Payable
ProceedsFromMortgageLoansAndNotesPayable
3537000 USD
CY2011 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
400000000 USD
CY2010 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
52000000 USD
CY2011 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
299700000 USD
CY2011 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
200000000 USD
CY2012 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
195000 USD
CY2010 cube Payments Of Mortgage Loans And Notes Payable
PaymentsOfMortgageLoansAndNotesPayable
196205000 USD
CY2011 cube Payments Of Mortgage Loans And Notes Payable
PaymentsOfMortgageLoansAndNotesPayable
39321000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
47573000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
204019000 USD
CY2011 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
74848000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
194000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
121000 USD
CY2010 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
15000 USD
CY2011 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1000 USD
CY2010 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9407000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
27849000 USD
CY2010 cube Payments To Minority Shareholders In Operating Partnership
PaymentsToMinorityShareholdersInOperatingPartnership
482000 USD
CY2011 cube Payments To Minority Shareholders In Operating Partnership
PaymentsToMinorityShareholdersInOperatingPartnership
1322000 USD
CY2010 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4591000 USD
CY2011 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
4599000 USD
CY2010 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
3708000 USD
CY2011 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
5484000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-123611000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
360951000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-96877000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3178000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4574000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
148934000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102768000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5891000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4495000 USD
CY2010 us-gaap Interest Paid Net
InterestPaidNet
38346000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
33265000 USD
CY2010 cube Acquisition Related Contingent Consideration
AcquisitionRelatedContingentConsideration
1777000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-12394000 USD
CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
-268000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
151000 USD
CY2011 us-gaap Loans Assumed1
LoansAssumed1
21827000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
CubeSmart
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001298675
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
1431731476 USD
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
133593640 shares
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
250959000 USD
CY2012 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
27776000 USD
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
4341000 USD
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
110821000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113874000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26131000 USD
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
40715000 USD
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3279000 USD
CY2012 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3086000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-745000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
256000 USD
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
2113000 USD
CY2012 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-107000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
1817000 USD
CY2012 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6008000 USD
CY2011 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
202762000 USD
CY2011 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
20715000 USD
CY2011 us-gaap Management Fees Revenue
ManagementFeesRevenue
3768000 USD
CY2011 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
227245000 USD
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
94630000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65955000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24693000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
185278000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
41967000 USD
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
33199000 USD
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5028000 USD
CY2011 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
8167000 USD
CY2011 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3823000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-281000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-83000 USD
CY2011 cube Other Nonoperating Income Expense Net
OtherNonoperatingIncomeExpenseNet
-50581000 USD
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-8614000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1616000 USD
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
7158000 USD
CY2011 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
3903000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
11061000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
2447000 USD
CY2011 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
2810000 USD
CY2011 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1218000 USD
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102976000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102976000 shares
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-12168000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
10552000 USD
CY2012 us-gaap Property Plant And Equipment Useful Life Minimum
PropertyPlantAndEquipmentUsefulLifeMinimum
5 Y
CY2012 us-gaap Property Plant And Equipment Useful Life Maximum
PropertyPlantAndEquipmentUsefulLifeMaximum
40 Y
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6070000 USD
CY2012Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8253000 USD
CY2012Q4 us-gaap Unsecured Debt
UnsecuredDebt
500000000 USD
CY2012Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
60708000 USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16419000 USD
CY2012Q4 us-gaap Deferred Revenue
DeferredRevenue
11090000 USD
CY2012Q4 cube Real Estate Security Deposit Liability
RealEstateSecurityDepositLiability
444000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
1112420000 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
31000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
1318000 USD
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1418463000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19796000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-410225000 USD
CY2012Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
228759000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2089707000 USD
CY2012Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
2300000000 USD
CY2011Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
2000000000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1629000 USD
CY2011 cube Equity Offering Costs
EquityOfferingCosts
800000 USD
CY2012Q4 us-gaap Notional Amount Of Derivatives
NotionalAmountOfDerivatives
400000000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4191000 USD
CY2010 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.000
CY2012Q4 cube Unsecured Senior Notes Net
UnsecuredSeniorNotesNet
250000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
989791000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
118000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2150319000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-12243000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-268000 USD
CY2012 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
7023000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-9796000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-6287000 USD
CY2011 cube Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-503000 USD
CY2010 cube Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-394000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2815000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1747000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12108000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7640000 USD
CY2012 cube Depreciation Depletion And Amortization Cash Flow Impact
DepreciationDepletionAndAmortizationCashFlowImpact
118573000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2125000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
4550000 USD
CY2012 us-gaap Accretion Expense
AccretionExpense
-707000 USD
CY2012 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
247413000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-3545000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6899000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
154000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
81158000 USD
CY2012 us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
909000 USD
CY2012 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
52630000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3096000 USD
CY2012 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
102079000 USD
CY2012 cube Payments Of Mortgage Loans And Notes Payable
PaymentsOfMortgageLoansAndNotesPayable
236340000 USD
CY2012 cube Payments To Acquire Noncontrolling Interests
PaymentsToAcquireNoncontrollingInterests
61113000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39755000 USD
CY2012 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5724000 USD
CY2012 cube Payments To Minority Shareholders In Operating Partnership
PaymentsToMinorityShareholdersInOperatingPartnership
1454000 USD
CY2012 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2686000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
33578000 USD
CY2012 cube Noncash Or Part Noncash Consolidation Of Real Estate Venture
NoncashOrPartNoncashConsolidationOfRealEstateVenture
13527000 USD
CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
2145000 USD
CY2012 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-7271000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
172000 USD
CY2012 us-gaap Loans Assumed1
LoansAssumed1
107011000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
102079000 USD
CY2012 cube Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
3352000 USD
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
47187000 USD
CY2012 cube Proceeds From Issuance Of General Partners Units
ProceedsFromIssuanceOfGeneralPartnersUnits
102079000 USD
CY2011 cube Proceeds From Issuance Of General Partners Units
ProceedsFromIssuanceOfGeneralPartnersUnits
207019000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
200000 USD
CY2012 cube Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-445000 USD
CY2012Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
22 state
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style='font-size:10.0pt;FONT-FAMILY: Times New Roman;'> <p style="MARGIN: 0in 0in 0pt"><u><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Estimates</font></u></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 9.35pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160; Actual results could differ from those estimates.&#160; Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these consolidated financial statements, different assumptions and estimates could materially impact our reported results.&#160; The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">&#160;</font></p></div>
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3666000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
11638000 USD
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
3100000 shares

Files In Submission

Name View Source Status
0001104659-13-016175-index-headers.html Edgar Link pending
0001104659-13-016175-index.html Edgar Link pending
0001104659-13-016175.txt Edgar Link pending
0001104659-13-016175-xbrl.zip Edgar Link pending
a12-30167_110k.htm Edgar Link pending
a12-30167_1ex10d42.htm Edgar Link pending
a12-30167_1ex10d43.htm Edgar Link pending
a12-30167_1ex10d47.htm Edgar Link pending
a12-30167_1ex10d48.htm Edgar Link pending
a12-30167_1ex12d1.htm Edgar Link pending
a12-30167_1ex12d2.htm Edgar Link pending
a12-30167_1ex21d1.htm Edgar Link pending
a12-30167_1ex23d1.htm Edgar Link pending
a12-30167_1ex23d2.htm Edgar Link pending
a12-30167_1ex31d1.htm Edgar Link pending
a12-30167_1ex31d2.htm Edgar Link pending
a12-30167_1ex31d3.htm Edgar Link pending
a12-30167_1ex31d4.htm Edgar Link pending
a12-30167_1ex32d1.htm Edgar Link pending
a12-30167_1ex32d2.htm Edgar Link pending
a12-30167_1ex99d1.htm Edgar Link pending
cube-20121231.xml Edgar Link completed
cube-20121231.xsd Edgar Link pending
cube-20121231_cal.xml Edgar Link unprocessable
cube-20121231_def.xml Edgar Link unprocessable
cube-20121231_lab.xml Edgar Link unprocessable
cube-20121231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
g301671bii001.gif Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending