CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Storage properties	$ 5,536,376	$ 5,489,754
Less: Accumulated depreciation	(1,026,337)	(983,940)
Storage properties, net (including VIE assets of $132,927 and $119,345, respectively)	4,510,039	4,505,814
Cash and cash equivalents	3,989	3,592
Restricted cash	2,238	2,637
Loan procurement costs, net of amortization	2,836	3,275
Investment in real estate ventures, at equity	97,301	92,071
Other assets, net	154,829	170,753
Total assets	4,771,232	4,778,142
LIABILITIES AND EQUITY
Unsecured senior notes, net	2,031,626	2,030,372
Revolving credit facility	24,600	117,800
Mortgage loans and notes payable, net	170,025	216,504
Accounts payable, accrued expenses and other liabilities	176,854	159,140
Lease liabilities - finance leases	65,798	65,599
Distributions payable	71,277	68,301
Deferred revenue	32,519	29,087
Security deposits	1,083	1,077
Total liabilities	2,573,782	2,687,880
Noncontrolling interests in the Operating Partnership	337,417	249,414
Commitments and contingencies
Equity
Common shares $.01 par value, 400,000,000 shares authorized, 201,768,903 and 197,405,989 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	2,018	1,974
Additional paid-in capital	2,961,696	2,805,673
Accumulated other comprehensive loss	(594)	(632)
Accumulated deficit	(1,116,596)	(974,799)
Total CubeSmart shareholders' equity	1,846,524	1,832,216
Noncontrolling interests in subsidiaries	13,509	8,632
Total equity	1,860,033	1,840,848
Total liabilities and equity	$ 4,771,232	$ 4,778,142