CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES
Rental income	$ 65,363	$ 51,932	$ 184,355	$ 150,168
Other property related income	7,677	5,679	20,493	15,370
Property management fee income	1,094	878	3,217	2,634
Total revenues	74,134	58,489	208,065	168,172
OPERATING EXPENSES
Property operating expenses	29,195	24,083	83,027	71,505
Depreciation and amortization	29,774	15,620	82,446	45,573
General and administrative	6,860	5,476	19,582	18,350
Total operating expenses	65,829	45,179	185,055	135,428
OPERATING INCOME	8,305	13,310	23,010	32,744
Interest:
Interest expense on loans	(11,092)	(8,464)	(29,692)	(24,596)
Loan procurement amortization expense	(699)	(1,093)	(2,585)	(4,124)
Loan procurement amortization expense - early repayment of debt				(2,085)
Acquisition related costs	(1,527)	(374)	(2,390)	(629)
Equity in losses of real estate ventures	(284)	(24)	(745)	(24)
Gain from remeasurement of investment in real estate venture	7,023		7,023
Other	166	8	(12)	(179)
Total other expense	(6,413)	(9,947)	(28,401)	(31,637)
INCOME (LOSS) FROM CONTINUING OPERATIONS	1,892	3,363	(5,391)	1,107
DISCONTINUED OPERATIONS
Income from discontinued operations	(38)	1,038	1,136	5,358
Gain on disposition of discontinued operations	197	3,527	6,403	3,527
Total discontinued operations	159	4,565	7,539	8,885
NET INCOME	2,051	7,928	2,148	9,992
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
Noncontrolling interest in subsidiaries	(410)	(771)	(1,918)	(2,011)
Distribution to Preferred Shareholders	(1,502)		(4,506)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	134	6,828	(4,170)	7,613
Basic earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.03	$ (0.09)	$ (0.01)
Basic earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.04	$ 0.06	$ 0.09
Basic earnings (loss) per share attributable to common shareholders (in dollars per share)	$ 0.00	$ 0.07	$ (0.03)	$ 0.08
Diluted earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.02	$ (0.09)	$ (0.01)
Diluted earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.05	$ 0.06	$ 0.09
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	$ 0.00	$ 0.07	$ (0.03)	$ 0.08
Weighted-average basic units outstanding (in units)	124,169	98,895	123,016	98,836
Weighted-average diluted units outstanding (in units)	125,976	100,284	123,016	100,264
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS:
(Loss) income from continuing operations	(20)	2,473	(11,445)	(863)
Total discontinued operations	154	4,355	7,275	8,476
Net income (loss)	134	6,828	(4,170)	7,613
CubeSmart, L.P. and Subsidiaries
REVENUES
Rental income	65,363	51,932	184,355	150,168
Other property related income	7,677	5,679	20,493	15,370
Property management fee income	1,094	878	3,217	2,634
Total revenues	74,134	58,489	208,065	168,172
OPERATING EXPENSES
Property operating expenses	29,195	24,083	83,027	71,505
Depreciation and amortization	29,774	15,620	82,446	45,573
General and administrative	6,860	5,476	19,582	18,350
Total operating expenses	65,829	45,179	185,055	135,428
OPERATING INCOME	8,305	13,310	23,010	32,744
Interest:
Interest expense on loans	(11,092)	(8,464)	(29,692)	(24,596)
Loan procurement amortization expense	(699)	(1,093)	(2,585)	(4,124)
Loan procurement amortization expense - early repayment of debt				(2,085)
Acquisition related costs	(1,527)	(374)	(2,390)	(629)
Equity in losses of real estate ventures	(284)	(24)	(745)	(24)
Gain from remeasurement of investment in real estate venture	7,023		7,023
Other	166	8	(12)	(179)
Total other expense	(6,413)	(9,947)	(28,401)	(31,637)
INCOME (LOSS) FROM CONTINUING OPERATIONS	1,892	3,363	(5,391)	1,107
DISCONTINUED OPERATIONS
Income from discontinued operations	(38)	1,038	1,136	5,358
Gain on disposition of discontinued operations	197	3,527	6,403	3,527
Total discontinued operations	159	4,565	7,539	8,885
NET INCOME	2,051	7,928	2,148	9,992
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS
Noncontrolling interest in subsidiaries	(410)	(771)	(1,918)	(2,011)
NET INCOME ATTRIBUTABLE TO CUBESMART L.P.	1,641	7,157	230	7,981
Limited Partnership interest of third parties	(5)	(329)	106	(368)
NET INCOME ATTRIBUTABLE TO OPERATING PARTNER	1,636	6,828	336	7,613
Distribution to Preferred Shareholders	(1,502)		(4,506)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	134	6,828	(4,170)	7,613
Basic earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.03	$ (0.09)	$ (0.01)
Basic earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.04	$ 0.06	$ 0.09
Basic earnings (loss) per share attributable to common shareholders (in dollars per share)	$ 0.00	$ 0.07	$ (0.03)	$ 0.08
Diluted earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.02	$ (0.09)	$ (0.01)
Diluted earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$ 0.00	$ 0.05	$ 0.06	$ 0.09
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	$ 0.00	$ 0.07	$ (0.03)	$ 0.08
Weighted-average basic units outstanding (in units)	124,169	98,895	123,016	98,836
Weighted-average diluted units outstanding (in units)	125,976	100,284	123,016	100,264
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS:
(Loss) income from continuing operations	(20)	2,473	(11,445)	(863)
Total discontinued operations	154	4,355	7,275	8,476
Net income (loss)	$ 134	$ 6,828	$ (4,170)	$ 7,613