CUBE Stock Cash Flow Statements

CubeSmart Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

CubeSmart Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-09-30	2005-06-30	2005-03-31

operating activities
net income	82,432,000	88,745,000	101,891,000	100,950,000	94,186,000	94,858,000	113,137,000	103,073,000	98,283,000	97,942,000	82,172,000	113,440,000	58,594,000	38,266,000	46,563,000	90,569,000	50,366,000	43,315,000	42,958,000	47,404,000	38,932,000	38,317,000	42,510,000	42,597,000	49,878,000	35,786,000	48,636,000	43,302,000	38,751,000	34,799,000	39,858,000	37,709,000	32,838,000	25,206,000	27,047,000	25,091,000	20,383,000	15,855,000	37,741,000	18,620,000	13,873,000	8,522,000	5,542,000	8,591,000	7,993,000	4,576,000	23,253,000	16,601,000	2,568,000	-428,000	1,480,000	2,051,000	3,355,000	-3,258,000	-7,545,000	7,928,000	1,588,000	476,000	2,677,000	-1,115,000	-4,389,000	-3,192,000	-2,463,000	7,503,000	-3,086,000	-2,286,000	2,490,000	4,021,000	265,000	-3,984,000	-5,877,000	-4,130,000	288,000	-3,358,000	-1,116,000	2,204,000	1,617,000
adjustments to reconcile net income to cash from operating activities:
depreciation and amortization, including amortization of loan procurement costs	67,709,000	60,377,000	53,777,000	52,196,000
non-cash portion of interest expense related to finance leases	-13,000	-19,000	-9,000	-8,000	-14,000	-15,000	-6,000	-7,000	-13,000	-18,000	-6,000	-7,000	-12,000	-18,000	-6,000	9,000	88,000	111,000
equity in earnings of real estate ventures	-547,000	-379,000	-811,000	-418,000	-425,000	-845,000	-1,603,000	-1,141,000	-790,000	-2,551,000	-1,345,000	-46,558,000	-680,000	-294,000
cash distributed from real estate ventures	987,000	1,023,000	1,208,000	1,128,000	1,103,000	1,222,000	-5,354,000	2,959,000	3,000,000	4,862,000	3,112,000	53,336,000	3,183,000	3,025,000	51,468,000	8,270,000	1,897,000	4,958,000	1,680,000	1,417,000	1,334,000	1,815,000	1,583,000	1,646,000	1,795,000	2,072,000	2,287,000	2,173,000	1,989,000	2,257,000	9,671,000	2,090,000	1,933,000	2,090,000	2,143,000	2,254,000	1,925,000	1,791,000
equity compensation expense	2,504,000	3,208,000	2,897,000	2,903,000	2,858,000	2,829,000	2,559,000	2,545,000	2,449,000	2,536,000	2,277,000	2,299,000	2,312,000	2,193,000	2,021,000	2,024,000	2,001,000	2,042,000	1,766,000	1,771,000	1,732,000	1,871,000	1,704,000	1,676,000	1,695,000	1,619,000	1,376,000	1,382,000	1,222,000	1,592,000	1,407,000	1,406,000	1,418,000	1,355,000	1,229,000	1,189,000	1,202,000	-408,000	905,000	795,000	1,000,000	-545,000	1,320,000			363,000	1,566,000	1,484,000	1,538,000	1,029,000	1,481,000	1,431,000	1,155,000	483,000	966,000	756,000	900,000	582,000	955,000	952,000	695,000	1,039,000	807,000	875,000	856,000	858,000	177,000	876,000	813,000	856,000	544,000	542,000	526,000	228,000	634,000	198,000	215,000
accretion of fair market value adjustment of debt	10,000	12,000	-1,000	-5,000	-117,000	-172,000	-172,000	-183,000	-271,000	-260,000	-269,000	-279,000	-282,000	-269,000	-407,000	-510,000	-513,000	-607,000	271,000	-176,000	-178,000	-176,000	-177,000	-181,000	-181,000	-179,000	-182,000	-184,000	-186,000	-183,000	-186,000	-148,000	-96,000	-129,000	-225,000	-409,000	-268,000	-236,000	-256,000	-370,000	-408,000	-395,000				-351,000
changes in other operating accounts:
other assets	-15,723,000	4,065,000	5,263,000	-6,662,000	-6,126,000	56,000	-86,000	8,836,000	-15,571,000	-3,317,000	-749,000	4,740,000	-4,578,000	4,085,000	-2,213,000	4,901,000	-10,217,000	-1,718,000	-2,710,000	-7,288,000	-2,419,000	2,743,000	1,516,000	-5,706,000	824,000	-3,212,000	828,000	-1,583,000	-2,830,000	-1,352,000	373,000	-4,375,000	-3,412,000	-1,431,000	2,903,000	-3,203,000	-4,438,000	808,000	758,000	619,000	-4,032,000	136,000				2,147,000				892,000		2,549,000										668,000				1,475,000	-831,000	826,000	-1,328,000	2,758,000				348,000	-1,532,000	-1,517,000	-177,000
accounts payable and accrued expenses	19,244,000	-12,405,000	2,119,000	-3,898,000	26,039,000	-235,000	-18,312,000	4,311,000	25,009,000	-10,912,000	-5,587,000	7,380,000	16,691,000	1,911,000	-4,526,000	-42,000	21,114,000	-1,675,000	-7,932,000	-2,086,000	27,683,000	-3,743,000	-13,294,000	-73,000	17,603,000	1,806,000	-8,168,000	505,000	15,874,000	-5,558,000	-7,742,000	5,815,000	10,178,000	2,595,000	-9,699,000	11,670,000	878,000	5,013,000	-6,524,000	2,780,000	6,705,000	-3,399,000	168,000			-6,800,000	3,013,000	452,000			-495,000				-2,196,000	4,218,000			-3,461,000												3,162,000				3,034,000	2,097,000	-1,094,000
other liabilities	876,000	1,694,000	-1,668,000	-790,000	1,308,000	705,000	-1,752,000	-85,000	770,000	717,000	-1,968,000	634,000	1,519,000	1,347,000	-847,000	1,379,000	1,502,000	1,889,000	-239,000	817,000	996,000	340,000	-453,000	361,000	1,080,000	833,000	-898,000	-651,000	786,000	1,105,000	-249,000	-207,000	701,000	909,000	-122,000	-89,000	999,000	661,000	63,000	-100,000	802,000	715,000	-366,000	-368,000	666,000	647,000	-172,000	78,000	368,000	821,000	99,000	-746,000	27,000	774,000		-22,000	-81,000	310,000	-70,000	-158,000	-106,000	561,000				164,000		-224,000	-109,000	858,000	-74,000	-222,000	70,000	572,000	-326,000	51,000	204,000
net cash from operating activities	157,479,000	146,321,000	164,666,000	145,396,000	170,862,000	150,150,000	146,001,000	168,364,000	161,265,000	135,506,000	144,970,000	162,192,000	153,569,000	130,735,000	106,245,000	125,582,000	119,176,000	98,182,000	83,202,000	79,316,000	107,566,000	80,949,000	71,916,000	82,588,000	101,806,000	75,458,000	69,773,000	78,880,000	89,550,000	66,132,000	69,158,000	76,771,000	79,566,000	67,943,000	62,105,000	77,444,000	62,044,000	61,933,000	53,214,000	61,803,000	57,263,000	43,425,000	47,100,000	47,353,000	40,998,000	30,581,000	38,971,000	38,580,000	38,850,000	26,461,000	21,263,000	38,570,000	37,842,000	20,753,000	19,952,000	26,208,000	22,920,000	15,247,000	20,570,000	23,509,000	16,554,000	10,884,000	15,232,000	19,820,000	15,873,000	11,289,000	13,807,000	24,315,000	17,155,000	11,735,000	17,337,000	20,981,000	11,612,000	12,944,000	17,793,000	12,249,000	9,219,000
investing activities
acquisitions of storage properties			-21,805,000	-450,000	0	-20,147,000					0	-20,461,000	-28,782,000	-39,761,000	-86,092,000	-33,939,000			-335,020,000	-10,154,000	-63,724,000	-9,090,000	-54,499,000	-18,082,000	-20,320,000	-25,097,000	-131,111,000	-58,470,000	-20,895,000	-4,034,000	-55,754,000	-466,000	-12,809,000	-600,000
additions and improvements to storage properties	-14,776,000	-9,370,000	-10,438,000	-12,069,000	-11,412,000	-9,656,000	-8,211,000	-6,368,000	-14,124,000	-11,150,000	-13,740,000	-9,881,000	-9,857,000	-7,755,000	-6,680,000	-9,422,000	-10,612,000	-7,894,000	-7,889,000	-11,196,000	-18,849,000	-11,923,000	-9,049,000	-12,036,000	-10,331,000	-6,153,000	-8,452,000	-6,515,000	-7,265,000	-5,394,000	-5,617,000	-7,529,000	-8,950,000	-6,866,000
development costs	-10,247,000	-8,017,000	-6,470,000	-6,961,000	-10,427,000	-6,101,000	-13,293,000	-6,510,000	-9,651,000	-18,067,000	-6,913,000	-4,134,000	-5,526,000	-7,785,000	-9,104,000	-27,729,000	-22,122,000	-10,932,000	-21,123,000	-15,983,000	-8,471,000	-9,709,000	-8,575,000	-22,567,000	-21,936,000	-49,748,000	-16,287,000	-16,514,000	-13,538,000	-39,663,000	-14,928,000	-28,708,000	-6,657,000	-14,366,000	-9,577,000	-39,640,000	-66,223,000	-28,273,000	-22,916,000	-21,373,000	-27,871,000	-9,155,000				-7,488,000
cash paid for partner's interest in real estate venture, net of cash acquired	0	-451,141,000
investments in real estate ventures			-985,000	-6,000	-5,000	-305,000
net cash from investing activities	-24,061,000	-467,334,000	-101,098,000	-18,298,000	-20,343,000	-34,220,000	-38,991,000	-9,687,000	-20,780,000	-24,360,000	-17,546,000	18,854,000	-40,987,000	-9,088,000	-1,722,719,000	-41,979,000	-67,438,000	-20,532,000	-350,994,000	-35,922,000	-89,741,000	-34,784,000	-70,390,000	-54,431,000	-171,810,000	-79,033,000	-137,236,000	-84,333,000	-43,536,000	-57,154,000	-66,759,000	-34,702,000	-26,511,000	-19,852,000	-72,338,000	-125,066,000	-150,183,000	-196,884,000	-136,705,000	-102,213,000	-81,762,000	-53,928,000	-303,726,000	-52,055,000	-78,479,000	-88,439,000	-152,651,000	-26,227,000	-106,419,000	2,373,000		-194,874,000	-24,086,000	-52,795,000	-387,467,000	1,825,000	-48,288,000	-8,170,000	-20,711,000	-36,404,000	-5,496,000	17,828,000	2,400,000	96,192,000	636,000	-376,000	12,588,000	23,410,000	5,180,000	-14,001,000	-8,888,000	-128,607,000	7,656,000	-23,737,000	-75,421,000	-66,703,000	-56,086,000
financing activities
proceeds from:
revolving credit facility	167,452,000	577,589,000	84,533,000	201,919,000	196,667,000	213,920,000	180,364,000	159,149,000	234,861,000	220,073,000	133,310,000	205,310,000	143,798,000	151,532,000	238,913,000	244,902,000	154,645,000	268,111,000	155,311,000	146,557,000	122,090,000	5,127,000	3,302,000	234,610,000	342,381,000	279,020,000	227,075,000	201,435,000	94,325,000	156,700,000	178,500,000	144,600,000	158,300,000	147,000,000	128,200,000	174,900,000	353,800,000	301,300,000	59,520,000	293,100,000	216,800,000	161,900,000	134,500,000	130,800,000	249,700,000	197,500,000	285,600,000	121,400,000	168,600,000	60,600,000	59,700,000	97,000,000	161,200,000	85,100,000	138,000,000	31,500,000	73,200,000	14,000,000					0	0	3,000,000	6,500,000	23,900,000	-3,300,000	6,700,000	30,000,000	27,500,000	92,500,000	15,000,000	21,500,000	82,500,000
principal payments on:
mortgage loans and notes payable	-289,000	-301,000	-252,000	-232,000	-31,401,000	-456,000	-453,000	-440,000	-31,060,000	-638,000	-620,000	-602,000	-593,000	-611,000	-41,472,000	-574,000	-568,000	-44,649,000	-44,195,000	-636,000	-629,000	-633,000	-625,000	-9,642,000	-684,000	-701,000	-679,000	-658,000	-648,000	-7,831,000	-644,000	-622,000	-589,000	-6,811,000	-612,000	-22,989,000	-4,103,000	-9,556,000	-7,976,000	-21,478,000	-54,168,000	-1,283,000				-1,309,000									0	0	0	3,537,000					43,369,000	21,346,000
issuance of common shares	-122,000	-167,000	85,550,000	32,768,000	-39,000	-9,000	-51,000
payments upon net settlement of equity compensation	-183,000	-3,047,000
exercise of stock options			0	5,222,000	4,518,000	201,000	0	0	1,801,000	915,000	0	364,000	0	1,226,000	0	2,618,000	4,075,000	1,172,000	335,000	491,000			20,000	1,655,000	962,000	1,049,000	0	52,000	3,781,000	2,000	1,499,000	771,000	64,000	30,000	710,000	374,000	6,312,000	5,887,000	4,093,000	4,037,000	921,000	8,438,000	11,536,000	1,299,000	407,000	560,000	1,223,000	1,209,000	493,000	785,000	268,000	389,000	204,000	768,000	0	0	61,000	60,000	0	13,000	1,000	180,000
contributions from noncontrolling interests in subsidiaries			63,000	0	0	309,000	303,000	0							0	6,300,000							0				8,000	74,000	105,000	738,000	341,000	172,000	135,000	410,000	352,000	51,000			0	0	0	178,000	47,000	47,000	33,000	515,000									-2,000	-4,000	-5,000	12,000	-5,000	4,000	-3,000	19,000
distributions paid to noncontrolling interests in subsidiaries	-165,000	-112,000	-109,000	-130,000	-54,000	-125,000	-66,000	-89,000	-54,000	-107,000	-56,000	-5,237,000	-61,000	-2,033,000	-108,000	-31,000	-38,000	-69,000	-44,000	-60,000	-42,000	-59,000	-46,000	-68,000	-8,000	-66,000	-35,000	-54,000
distributions paid to common shareholders	-119,056,000	-119,048,000	-115,868,000	-115,380,000	-115,268,000	-115,253,000	-110,616,000	-110,586,000	-110,520,000	-110,495,000	-96,868,000	-96,819,000	-96,814,000	-96,605,000	-69,317,000	-68,800,000	-68,354,000	-67,368,000	-64,093,000	-64,086,000	-64,038,000	-64,036,000	-62,048,000	-61,432,000	-60,374,000	-60,005,000	-55,971,000	-55,842,000	-54,769,000	-54,746,000	-48,899,000	-48,710,000	-48,707,000	-48,690,000	-37,814,000	-37,482,000	-37,254,000	-36,730,000	-27,387,000	-26,819,000	-26,613,000	-26,274,000				-18,157,000
distributions paid to noncontrolling interests in operating partnership	-594,000	-621,000	-628,000	-632,000	-657,000	-663,000	-667,000	-695,000	-695,000	-699,000	-628,000	-628,000	-628,000	-818,000	-2,383,000	-2,477,000	-2,504,000	-933,000	-623,000	-618,000	-649,000	-650,000	-596,000	-597,000	-603,000	-623,000	-614,000	-602,000	-614,000	-563,000	-507,000	-668,000	-548,000	-549,000	-467,000	-467,000	-453,000	-454,000	-354,000	-362,000	-361,000	-361,000				-296,000
net cash from financing activities	-134,840,000	259,104,000	-31,260,000	-89,013,000	-150,862,000	-116,534,000	-108,693,000	-159,922,000	-138,122,000	-111,289,000	-126,703,000	-180,946,000	-114,941,000	-124,502,000	1,569,722,000	-29,760,000	-51,503,000	-77,887,000	267,303,000	-43,068,000	-49,912,000	-66,127,000	44,067,000	-30,692,000	78,846,000	3,634,000	67,466,000	2,408,000	-45,472,000	-9,154,000	-3,361,000	-43,916,000	-48,059,000	-47,983,000	-74,173,000	131,578,000	88,808,000	74,836,000	143,342,000	40,261,000	24,649,000	10,619,000	228,263,000	25,177,000	45,035,000	57,917,000	113,916,000	-13,434,000	68,965,000	-30,704,000	-19,294,000	21,215,000	116,575,000	30,438,000	364,093,000	-17,387,000	23,124,000	-8,879,000		4,221,000	-20,705,000	-89,956,000	24,169,000	-56,702,000	-16,429,000	-13,080,000	-25,191,000	-45,836,000	-27,309,000	3,374,000	-9,835,000	110,086,000	-21,474,000	-3,274,000	60,049,000	52,011,000	26,633,000
change in cash, cash equivalents and restricted cash	-1,422,000	-61,909,000	32,308,000	38,085,000	-343,000	-604,000	-1,683,000	-1,245,000	2,363,000	-143,000	721,000	100,000	-2,359,000	-2,855,000	-46,752,000	53,843,000	235,000	-237,000	-489,000	326,000	-32,087,000	-19,962,000	45,593,000	-2,535,000
cash, cash equivalents and restricted cash at beginning of period	0	77,663,000	0	0	0	8,217,000	0	0	0	8,925,000	0	0	0	13,318,000	0	0	0	6,229,000		0	0	58,441,000		0
cash, cash equivalents and restricted cash at end of period	-1,422,000	15,754,000	32,308,000	38,085,000	-343,000	7,613,000	-1,683,000	-1,245,000	2,363,000	8,782,000	721,000	100,000	-2,359,000	10,463,000	-46,752,000	53,843,000	235,000	5,992,000		326,000	-32,087,000	38,479,000		-2,535,000
supplemental cash flow and noncash information
cash paid for interest, net of interest capitalized	21,394,000	32,319,000	14,656,000	31,049,000	15,353,000	31,551,000	15,199,000	31,942,000	16,155,000	32,202,000	17,121,000	34,486,000	15,961,000	24,725,000	15,538,000	24,786,000	15,290,000	23,534,000	17,855,000	25,211,000	14,074,000	23,652,000	16,107,000	20,956,000	16,302,000	15,918,000	18,035,000	15,693,000	17,803,000	15,298,000	16,933,000	15,064,000	15,532,000	15,878,000	14,975,000	11,231,000	16,123,000	10,756,000	10,649,000	11,674,000	11,778,000	12,115,000	11,784,000	13,036,000	12,385,000	12,819,000	6,980,000	13,628,000	8,163,000	14,359,000	7,853,000	7,695,000	9,443,000	8,587,000	8,466,000	8,429,000	8,212,000	8,158,000	8,737,000	9,669,000	9,695,000	10,245,000	9,498,000	11,566,000	11,365,000	11,335,000	12,702,000	12,358,000	13,319,000	13,912,000	14,670,000	13,250,000	13,247,000	12,785,000
supplemental disclosure of noncash activities:
derivative valuation adjustment	20,000	20,000	21,000	20,000	20,000	20,000	21,000	20,000	20,000	20,000	21,000	20,000	20,000	20,000	21,000	20,000	20,000	20,000	21,000	20,000	20,000	20,000	20,000	20,000	20,000	242,000	-1,039,000	0	127,000	279,000	370,000	307,000	362,000	836,000	1,413,000	1,393,000	687,000	-328,000	2,648,000	-245,000	1,215,000	-764,000	-80,000	2,598,000	-646,000	592,000	1,649,000	-1,118,000	7,149,000	1,222,000	1,345,000	-2,708,000	-6,596,000	688,000	-3,205,000	-10,050,000							1,238,000	2,000,000	1,821,000	1,094,000
gain on involuntary conversion
acquisition of controlling interest in consolidated joint ventures, net of cash acquired
funding of note receivable
proceeds from sales of real estate
proceeds from involuntary conversion
loan procurement costs							-30,000	0	0	-39,000	-3,749,000												-2,919,000	-78,000	-392,000	-2,634,000					0	0			0				-2,150,000	0	-2,264,000	-19,000				-57,000												17,000																	-261,000	-57,000	-9,000
cash paid upon vesting of restricted shares			-16,000	-29,000	-161,000	-838,000	-13,000	-33,000	-136,000	-635,000	-19,000	-42,000	-304,000	-1,038,000	-33,000	-41,000	-74,000	-728,000	-21,000	-15,000	-19,000	-631,000	-21,000	-22,000	-25,000	-353,000	-12,000	-25,000	-13,000	-1,411,000	-12,000	-18,000	-15,000	-2,001,000
mortgage loan assumptions																											0	0	0	7,166,000	0	0			0	0
accretion of put liability											0	611,000	611,000	1,222,000	2,444,000	2,444,000	2,066,000	2,823,000	3,201,000	2,924,000	896,000	896,000	1,224,000	-637,000			3,870,000
proceeds from sale of real estate							0				0	0	0	43,193,000	6,678,000																													0
depreciation and amortization						51,747,000	51,596,000	51,015,000	51,399,000	51,369,000	70,445,000	80,543,000	80,005,000	83,514,000	73,338,000	56,883,000	55,151,000	54,845,000	38,172,000	38,837,000	40,646,000	41,592,000	41,800,000	44,066,000	41,434,000	39,066,000	38,677,000	35,817,000	35,624,000	35,545,000	35,434,000	36,548,000	37,512,000	38,825,000	39,940,000	42,482,000	42,059,000	39,961,000	37,646,000	39,281,000	38,745,000	38,441,000	37,129,000	32,188,000	31,030,000	28,656,000	27,261,000	29,710,000	29,738,000	30,365,000	32,661,000	30,615,000	27,811,000	27,486,000	22,311,000	16,960,000	17,223,000	17,208,000	17,814,000	17,156,000	17,963,000	17,917,000	18,219,000	19,186,000	19,284,000	19,219,000	18,735,000	20,270,000	20,661,000	20,466,000	20,590,000	17,316,000	17,100,000	17,212,000	17,068,000	9,129,000	8,394,000
loss on early extinguishment of debt
gains from sales of real estate															-3,883,000
acquisition of laaco, ltd., net of cash acquired
investment in real estate ventures							-5,000	-6,000	-5,000	-5,000	-5,000	-6,000	-5,000	-5,000	-5,000	-16,507,000	-5,085,000	-6,664,000	-1,108,000	-6,000	-31,000	-5,877,000	-3,706,000	-3,392,000	-3,059,000	-107,000	-62,000
unsecured senior notes																							348,680,000	0	0	347,746,000					0	0			0																0
debt prepayment costs
acquisition of noncontrolling interest in subsidiary																							-369,000	-2,618,000	-27,618,000	-5,172,000					0	-1,500,000
discount on issuance of unsecured senior notes																							1,320,000	0	0	2,254,000									0
proceeds from issuance of common shares									-55,000	-91,000	-13,000	5,054,000	-41,000	-123,000	765,676,000	57,845,000	42,429,000	99,688,000	120,959,000	-44,000	-70,000	-118,000	-29,000	61,232,000	110,521,000	24,580,000	23,494,000	12,913,000	95,466,000	-43,000	29,861,000	-41,000	-105,000	-72,000	-29,000	47,548,000	25,712,000	62,891,000	97,399,000	80,185,000	27,036,000	29,442,000	180,041,000	109,842,000	79,960,000	46,163,000	47,790,000	32,112,000	18,874,000	1,514,000	42,936,000				202,567,000				27,135,000	20,067,000				161,321,000
right-of-use assets obtained in exchange for lease liabilities
issuance of op units																			177,933,000								0	1,460,000	0	4,782,000	0	0
cash paid for partner's interest in real estate venture, net of cash, cash equivalents and restricted cash acquired																							0	0
unsecured term loans																							0	0	0	-200,000,000					0	0																			0	0			200,000,000	0
settlement of hedge transactions																							0	0	0	-807,000
proceeds held in escrow from real estate venture's sale of real estate																							0	0
noncash consideration for acquisition of partner's interest in real estate venture																							0	0
noncash drawdown on revolving credit facility																							0	0
repayment of unsecured term loan through noncash drawdown on revolving credit facility																							0	0
equity in (earnings) losses of real estate ventures																-816,000	-316,000	-20,000					-182,000	-152,000	-10,527,000	-261,000
gains from sale of real estate
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
equity in losses (earnings) of real estate ventures																				37,000	174,000	5,000
issuance of note receivable
liability for acquisition of storage property																															0	0
contribution of storage property to real estate venture
change in cash, cash equivalents, and restricted cash																										59,000	3,000	-3,045,000	542,000	-176,000
cash, cash equivalents, and restricted cash at beginning of period																										6,482,000		0	0	9,158,000
cash, cash equivalents, and restricted cash at end of period																										6,541,000		-3,045,000	542,000	8,982,000
accretion of liability																										4,070,000			6,806,000	7,266,000	9,527,000	9,527,000	8,034,000	8,034,000	8,033,000	19,219,000	-3,712,000	7,886,000	5,508,000	3,994,000	3,808,000	3,619,000	3,620,000	1,786,000
equity in losses of real estate ventures																											80,000	292,000	309,000	184,000	81,000	280,000	253,000	772,000	845,000	581,000	724,000	512,000	212,000	-139,000	100,000	238,000
redemption of preferred shares
distributions paid to preferred shareholders																																			-2,039,000	-1,502,000	-1,502,000	-1,502,000	-1,502,000	-1,502,000	-1,502,000	-1,502,000				-1,502,000
cash, cash equivalents, and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
restricted cash - acquisition of storage properties
preferred share redemption
investment in real estate ventures, at equity																													-3,827,000	-10,320,000	-110,000	-68,000	-7,000	-116,000	-4,265,000	-325,000	-2,088,000	-5,498,000
liability for acquisition of noncontrolling interest in subsidiary
restricted cash																															182,000	-257,000	174,000	-159,000	187,000	132,000	505,000	-233,000	236,000	317,000	478,000	-288,000			379,000	-26,000	49,000	-544,000	405,000	657,000	238,000	13,000	3,192,000	102,000			-183,000	765,000
fundings of notes receivable																																							0	0
proceeds from notes receivable																																															0	0	0	5,192,000
change in restricted cash																															-21,000	-21,000	-21,000	6,000	-28,000	833,000	-25,000	162,000	-30,000	162,000	-32,000	-31,000	245,000	-21,000	-2,000	306,000	152,000	856,000
change in cash and cash equivalents																															-962,000	-1,847,000	4,996,000	108,000	-84,406,000	83,956,000	669,000	-60,115,000	59,851,000	-149,000	150,000	116,000		20,475,000	7,554,000	59,000
cash and cash equivalents at beginning of year																																									0	2,901,000
cash and cash equivalents at end of year																																									150,000	3,017,000
restricted cash - disposition of real estate
foreign currency translation adjustment																																							35,000	-215,000	268,000	-337,000	-120,000	-483,000	354,000	74,000	-10,000	297,000	25,000	-256,000	21,000	132,000	-105,000	124,000	-1,000	-76,000	-24,000	252,000	-214,000	195,000	-52,000	-197,000	-19,000	-197,000	501,000	268,000
cash and cash equivalents at beginning of period																																0	0	2,973,000		0	0	62,869,000						0	0	3,176,000		0	0	4,495,000		0	0	9,069,000		0	0	5,891,000		0	0	102,768,000		0	0	3,744,000		0	0	4,517,000		0	0	19,716,000
cash and cash equivalents at end of period																																-1,847,000	4,996,000	3,081,000		83,956,000	669,000	2,754,000						20,475,000	7,554,000	3,235,000		-1,081,000	1,396,000	2,625,000		-135,089,000	130,331,000	7,465,000		10,646,000	-2,244,000	4,089,000		-8,674,000	-9,647,000	41,524,000		59,310,000	80,000	1,577,000		1,889,000	-4,974,000	5,625,000		2,460,000	-2,206,000	5,649,000
acquisitions of storage facilities																																				-78,377,000	-77,120,000	-158,457,000	-113,874,000	-76,225,000	-44,280,000	-41,347,000		-44,143,000	-135,103,000	-76,619,000		-39,300,000	-86,886,000	-6,857,000
additions and improvements to storage facilities																																				-9,811,000	-6,652,000	-6,609,000	-6,359,000	-6,462,000	-6,926,000	-4,948,000				-5,112,000																														-61,618,000	-54,966,000
restricted cash - acquisition of storage facilities																																				0	0	-22,019,000
mortgage loan assumption - acquisitions of storage facilities																																							0
loan procurement amortization expense - early repayment of debt																																																							6,082,000	0
cash contributed to real estate ventures
distributions to noncontrolling interests in subsidiaries
gain from sale of real estate
cash contributed to real estate venture																																														-1,050,000
cash distributed from real estate venture																																								1,685,000	1,447,000	1,553,000	1,515,000	1,432,000	52,425,000	1,524,000
mortgage loan assumption - acquistions of storage facilities																																									0	2,695,000
gain from remeasurement of investment in real estate venture
cash paid for remaining interest in real estate venture
investment in real estate venture, at equity
proceeds from sales of facilities																																															88,180,000
cash paid for acquisition of noncontrolling interest
distributions paid to noncontrolling interest in subsidiaries
consolidation of real estate venture																																																			0
equity in losses of real estate venture																																												1,860,000	1,729,000	1,369,000					0
mortgage loan assumption - acquisition of storage facilities																																												0	0	27,467,000
gain on disposition of discontinued operations
proceeds from sales of properties																																																	0	10,993,000	25,197,000	4,771,000	22,518,000	144,000									7,030,000	50,047,000	8,328,000	2,852,000	13,661,000	27,033,000	11,747,000	4,426,000
gain from disposition of discontinued operations
proceeds from issuance of preferred shares
equity in loss of real estate venture
settlement of hedge transaction
cash distributions from real estate venture																																																				276,000	267,000	366,000
unsecured senior notes, net of discounts
mortgage loan assumption - acquisition of storage facility
acquisitions, additions and improvements to storage facilities																																																				-118,799,000	-48,658,000	-53,307,000		-25,599,000	-48,336,000	-8,043,000		-35,093,000															-38,716,000
cash paid for remaining interest in real estate ventures
decrease in restricted cash
net cash from by investing activities
acquisition of noncontrolling interest
increase in cash and cash equivalents																																																							-3,422,000								41,801,000							1,108,000
acquisition related contingent consideration																																																											-72,000	0
gain on remeasurement of investment in real estate venture
loan procurement amortization expense- early repayment of debt
decrease (increase) in restricted cash																																																				36,000	1,787,000	2,000					1,389,000	-1,567,000	-440,000	2,860,000
cash paid for acquisition of noncontrolling interests
mortgage loan assumption at fair value																																																				44,644,000	25,506,000	36,961,000		-38,000	-78,000	8,021,000
gains on dispositions of discontinued operations
distributions paid to noncontrolling interests in the operating partnership
real estate venture income in excess of distributions																																																						251,000
distributions paid to shareholders
decrease in cash and cash equivalents
real estate venture loss
investment in real estate venture
proceeds from sales to noncontrolling interests																																																															-33,000
secured term loans
notes receivable originated upon disposition of property																																																															0
proceeds from disposition of discontinued operations
proceeds from repayment of notes receivable																																																												256,000	2,276,000	17,580,000
increase in restricted cash																																																																											682,000	-5,646,000	-1,120,000
proceeds from :
insurance settlements																																																																											0
net cash (used in) financing activities
gain deferral on sales to noncontrolling interests																																																															0
adjustments to reconcile net income to net cash from operating activities:
lease abandonment charge																																																																							0
acquisitions, additions and improvements to storage facilities- related party
proceeds from issuance of equity
additions to storage facilities																																																																			0	0
disposition of facilities:
distributions paid to noncontrolling interests
supplemental cash flow information
acquisition of facilities
accretion of fair market value of debt																																																																											-182,000
cash flows from operating activities
asset write-off
early extinguishment of debt																																																																											0
minority interests																																																																			271,000								-102,000
cash flows from investing activities
acquisitions, additions and improvements to storage facilities - related party
proceeds from sales of marketable securities
investment in marketable securities
cash flows from financing activities
unsecured term loan
secured term loan																																																																			0	0			0
short-term financing
short term financing																																																																											-60,000,000
capital lease obligations																																																																											-8,000	-24,000	-42,000
distributions paid to minority partners
proceeds from exercise of stock options
acquisitions of facilities:
mortgage loans
other
dispositions of facilities:
notes receivable
gain on sale of assets
net proceeds from sale of common shares
acquisations of facilities:
sales of properties																																																																								0
storage facilities acquired through the assumption of a mortgage loan																																																																											13,347,000		6,421,000
other assets and liabilites (net) acquired as part of storage facility acquisitions
acquisitions, additions and improvements to storage facilities—related party
proceeds from sales of assets
cash flows from operating activities:
asset write-offs
cash flows from investing activities:
acquisitions, additions and improvements to storage facilities — related party																																																																											-37,387,000
net proceeds from sales of assets																																																																											0
cash flows from financing activities:
loans payable																																																																												99,017,000	-517,000
shareholder distributions																																																																											-16,658,000	-10,498,000	-7,532,000
minority interest distributions																																																																											-1,512,000	-428,000	-267,000
net decrease in cash																																																																											2,421,000
cash and cash equivalents—beginning of period																																																																											0
cash and cash equivalents—end of period																																																																											2,421,000
supplemental disclosure of non-cash activities:
storage facilities acquired through the issuance of limited partnership units in the operating partnership																																																																												-1,720,000	8,472,000
other assets and liabilities (net) acquired as part of storage facility acquisitions																																																																											1,022,000	852,000	138,000
proceeds from exercise of stock options and other
adjustments to reconcile net income to net cash from operating activities
costs incurred to acquire management company — related party
minority interest
gain on sale of storage facilities
acquisition of management company, net — related party
net proceeds from sales of storage facilities
notes payable — related parties
cash contributions from owners
loan made to owners
cash distributions to owners
pre-payment penalty on debt extinguishment
net increase in cash																																																																													-20,234,000
cash and cash equivalents — beginning of period
cash and cash equivalents — end of period
cash paid for interest
cash paid for taxes
contribution of facilities from prior owners for operating partnership units:
investment in real estate
net assets acquired
minority interest in net income of subsidiaries																																																																												96,000	60,000
proceeds from sale of asset
notes payable—related parties
cash—beginning of period																																																																												0	28,485,000
cash—end of period																																																																												-2,443,000	8,251,000
supplemental disclosure of non-cash investing and financing activities:
storage facilities acquired through the assumption of mortgage loans
description
land																																																																												15,891,000	153,619,000
buildings and improvements																																																																												41,197,000	680,555,000
equipment																																																																												8,036,000	87,451,000
total																																																																												65,124,000	921,625,000
less accumulated depreciation																																																																												-8,716,000	-130,494,000
storage facilities—net																																																																												56,408,000	791,131,000
proceeds from loan payable																																																																													35,000,000
share compensation expense
costs incurred to acquire management company
gain on sales of storage facilities
acquisition of management company
disposals of storage facilities
proceeds from sale of common shares
acquisition of management company from prior owners:
assets acquired
liabilities assumed
acquisition of 46 facilities:
acquisition of three facilities:
acquisition of four facilities:
investment in real estate, from related party
mortgage loans, assumed
acquisition of partnership interests:
contribution related to step-up in basis
acquisition of minority interest:
elimination of receivable
cash paid to acquire the facilities
reclassification of owners’ deficit to additional paid in capital
accrual for transfer of deferred financing fee assumed at merger date
record minority interest for limited partnership units in the operating partnership by reclassifying from additional paid in capital
items capitalized for funds yet to be disbursed
accrual for offering costs
accrual for distributions
grant of deferred share units and restricted shares to management executives and trustees

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