CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Operating Activities
Net income	$ 97	$ 2,064
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	55,297	34,431
Gains on dispositions of discontinued operations	(6,206)
Equity compensation expense	1,638	1,482
Accretion of fair market value adjustment of debt	(242)	(57)
Loan procurement amortization expense- early repayment of debt		2,085
Equity in loss of real estate venture	461
Changes in other operating accounts:
Other assets	5,873	(3,261)
Restricted cash	3,294	582
Accounts payable and accrued expenses	(2,418)	612
Other liabilities	801	229
Net cash provided by operating activities	58,595	38,167
Investing Activities
Acquisitions, additions and improvements to storage facilities	(101,965)	(56,379)
Cash distributions from real estate venture	633
Proceeds from sales of properties	22,662
Decrease (increase) in restricted cash	1,789	(79)
Net cash used in investing activities	(76,881)	(56,458)
Proceeds from:
Revolving credit facility	246,300	87,200
Unsecured senior notes, net of discounts	249,638
Unsecured term loans	100,000	200,000
Mortgage loans and notes payable		3,537
Principal payments on:
Revolving credit facility	(246,300)	(121,200)
Unsecured term loans		(100,000)
Mortgage loans and notes payable	(175,963)	(36,417)
Settlement of hedge transaction	(195)
Exercise of unit options	972	121
Contributions from noncontrolling interests in subsidiaries		7
Distributions paid to common unit holders	(19,643)	(13,911)
Distributions paid to preferred unitholders	(2,720)
Distributions paid to noncontrolling interests in subsidiaries	(2,308)	(2,293)
Loan procurement costs	(2,019)	(2,102)
Net cash provided by financing activities	147,013	14,245
Increase (decrease) in cash and cash equivalents	128,727	(4,046)
Cash and cash equivalents at beginning of period	9,069	5,891
Cash and cash equivalents at end of period	137,796	1,845
Supplemental Cash Flow and Noncash Information
Cash paid for interest, net of interest capitalized	18,030	16,370
Supplemental disclosure of noncash activities:
Acquisition related contingent consideration		1,791
Derivative valuation adjustment	(5,908)	861
Foreign currency translation adjustment	19	228
Mortgage loan assumption at fair value	62,467	7,943
CubeSmart, L.P. and Subsidiaries
Operating Activities
Net income	97	2,064
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	55,297	34,431
Gains on dispositions of discontinued operations	(6,206)
Equity compensation expense	1,638	1,482
Accretion of fair market value adjustment of debt	(242)	(57)
Loan procurement amortization expense- early repayment of debt		2,085
Equity in loss of real estate venture	461
Changes in other operating accounts:
Other assets	5,873	(3,261)
Restricted cash	3,294	582
Accounts payable and accrued expenses	(2,418)	612
Other liabilities	801	229
Net cash provided by operating activities	58,595	38,167
Investing Activities
Acquisitions, additions and improvements to storage facilities	(101,965)	(56,379)
Cash distributions from real estate venture	633
Proceeds from sales of properties	22,662
Decrease (increase) in restricted cash	1,789	(79)
Net cash used in investing activities	(76,881)	(56,458)
Proceeds from:
Revolving credit facility	246,300	87,200
Unsecured senior notes, net of discounts	249,638
Unsecured term loans	100,000	200,000
Mortgage loans and notes payable		3,537
Principal payments on:
Revolving credit facility	(246,300)	(121,200)
Unsecured term loans		(100,000)
Mortgage loans and notes payable	(175,963)	(36,417)
Settlement of hedge transaction	(195)
Exercise of unit options	972	121
Contributions from noncontrolling interests in subsidiaries		7
Distributions paid to common unit holders	(20,392)	(14,608)
Distributions paid to preferred unitholders	(2,720)
Distributions paid to noncontrolling interests in subsidiaries	(2,308)	(2,293)
Loan procurement costs	(2,019)	(2,102)
Net cash provided by financing activities	147,013	14,245
Increase (decrease) in cash and cash equivalents	128,727	(4,046)
Cash and cash equivalents at beginning of period	9,069	5,891
Cash and cash equivalents at end of period	137,796	1,845
Supplemental Cash Flow and Noncash Information
Cash paid for interest, net of interest capitalized	18,030	16,370
Supplemental disclosure of noncash activities:
Acquisition related contingent consideration		1,791
Derivative valuation adjustment	(5,908)	861
Foreign currency translation adjustment	19	228
Mortgage loan assumption at fair value	$ 62,467	$ 7,943