CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Storage properties	$ 7,284,661	$ 7,183,494
Less: Accumulated depreciation	(1,207,230)	(1,085,824)
Storage properties, net (including VIE assets of $163,299 and $149,467, respectively)	6,077,431	6,097,670
Cash and cash equivalents	5,183	11,140
Restricted cash	3,021	2,178
Loan procurement costs, net of amortization	1,719	2,322
Investment in real estate ventures, at equity	107,755	119,751
Assets held for sale	4,264	49,313
Other assets, net	171,797	265,705
Total assets	6,371,170	6,548,079
LIABILITIES AND EQUITY
Unsecured senior notes, net	2,771,315	2,768,209
Revolving credit facility	86,000	209,900
Mortgage loans and notes payable, net	164,116	167,676
Lease liabilities - finance leases	65,764	65,801
Accounts payable, accrued expenses and other liabilities	218,181	199,985
Distributions payable	97,492	97,417
Deferred revenue	40,777	37,144
Security deposits	1,035	1,065
Liabilities held for sale	2,227	2,502
Total liabilities	3,446,907	3,549,699
Noncontrolling interests in the Operating Partnership	58,508	108,220
Commitments and contingencies
Equity
Common shares $.01 par value, 400,000,000 shares authorized, 224,568,376 and 223,917,993 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	2,246	2,239
Additional paid-in capital	4,121,824	4,088,392
Accumulated other comprehensive loss	(511)	(570)
Accumulated deficit	(1,271,905)	(1,218,498)
Total CubeSmart shareholders' equity	2,851,654	2,871,563
Noncontrolling interests in subsidiaries	14,101	18,597
Total equity	2,865,755	2,890,160
Total liabilities and equity	$ 6,371,170	$ 6,548,079