| Assets | — | — |
| Storage properties | 7,628.77a | 7,367.61a |
| Less: accumulated depreciation | -1,590.59a | -1,416.38a |
| Storage properties, net | 6,038.19a | 5,951.24a |
| Cash and cash equivalents | 71.56a | 6.53a |
| Restricted cash | 6.1a | 1.69a |
| Loan procurement costs, net of amortization | 2.73a | 4a |
| Investment in real estate ventures, at equity | 91.97a | 98.29a |
| Other assets, net | 183.63a | 163.28a |
| Total assets | 6,394.18a | 6,225.02a |
| Unsecured senior notes, net | 2,780.63a | 2,776.49a |
| Revolving credit facility | 0a | 18.1a |
| Mortgage loans and notes payable, net | 205.92a | 128.19a |
| Lease liabilities - finance leases | 65.67a | 65.71a |
| Accounts payable, accrued expenses and other liabilities | 229.58a | 201.42a |
| Distributions payable | 119.6a | 115.82a |
| Deferred revenue | 38.92a | 38.48a |
| Total liabilities | 3,440.31a | 3,344.21a |
| Noncontrolling interests in the operating partnership | 51.19a | 60.28a |
| Equity | — | — |
| Common shares | 2.28a | 2.25a |
| Additional paid-in capital | 4,285.57a | 4,142.23a |
| Accumulated other comprehensive loss | -0.33a | -0.41a |
| Accumulated deficit | -1,415.66a | -1,345.24a |
| Total CubeSmart shareholders’ equity | 2,871.86a | 2,798.83a |
| Noncontrolling interests in subsidiaries | 30.82a | 21.7a |
| Total equity | 2,902.68a | 2,820.53a |
| Total liabilities and equity | 6,394.18a | 6,225.02a |