CubeSmart bonds CUBE
Who owns CubeSmart's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. CUBE stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 22966RAD8 | 3.125% fixed | 2026-09-01 | USD | 99.90 | 4.26% | 52 bp | 7 | $40.0M | Jul 2026 |
| 22966RAH9 | 2.25% fixed | 2028-12-15 | USD | 94.46 | 4.74% | 51 bp | 16 | $56.7M | Jul 2026 |
| 22966RAE6 | 4.38% fixed | 2029-02-15 | USD | 98.91 | 4.84% | 60 bp | 14 | $43.3M | Jul 2026 |
| 22966RAF3 | 3% fixed | 2030-02-15 | USD | 93.56 | 5.01% | 73 bp | 9 | $26.4M | Jul 2026 |
| 22966RAG1 | 2% fixed | 2031-02-15 | USD | 87.58 | 5.10% | 78 bp | 6 | $26.3M | Jul 2026 |
| 22966RAJ5 | 2.5% fixed | 2032-02-15 | USD | 87.36 | 5.15% | 79 bp | 10 | $13.6M | Jul 2026 |
| 22966RAK2 | 5.13% fixed | 2035-11-01 | USD | 96.53 | 5.61% | 105 bp | 9 | $13.3M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 7 | $219.5M | 94.46 | 5.05% | 76 bp | 16 |
| Jun 2026 | 7 | $214.3M | 94.44 | 4.83% | 64 bp | 31 |
| May 2026 | 7 | $161.6M | 94.55 | 4.79% | 69 bp | 24 |
| Apr 2026 | 7 | $220.6M | 94.51 | 4.76% | 86 bp | 16 |
| Mar 2026 | 7 | $207.6M | 94.38 | 4.74% | 94 bp | 30 |
| Feb 2026 | 7 | $142.0M | 95.81 | 4.27% | 63 bp | 20 |
| Jan 2026 | 7 | $214.2M | 95.13 | 4.50% | 75 bp | 16 |
| Dec 2025 | 7 | $204.3M | 94.95 | 4.47% | 80 bp | 28 |
| Nov 2025 | 7 | $126.9M | 94.99 | 4.41% | 75 bp | 20 |
| Oct 2025 | 8 | $274.0M | 96.89 | 4.48% | 83 bp | 17 |
| Sep 2025 | 8 | $189.6M | 96.77 | 4.53% | 82 bp | 28 |
| Aug 2025 | 8 | $137.3M | 96.33 | 4.56% | 70 bp | 18 |
| Jul 2025 | 7 | $243.9M | 92.96 | 4.72% | 83 bp | 17 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 43 added, 25 cut, 11 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $57.1M | $54.8M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $49.1M | $45.4M | $2.6M |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $46.0M | $41.6M | $0 |
| Permanent Portfolio PERMANENT PORTFOLIO FAMILY OF FUNDS | 2026-07-31 | $32.2M | $31.7M | $2.6M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $33.5M | $31.1M | $837K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $27.5M | $26.2M | $6.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $24.8M | $23.0M | $0 |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $21.7M | $20.5M | $0 |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $19.9M | $18.3M | $0 |
| VANGUARD ULTRA-SHORT BOND ETF VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.2M | $18.1M | $0 |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $16.1M | $16.0M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $16.7M | $15.9M | $0 |
| Fidelity SAI Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $12.3M | $11.7M | $2.0M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $11.8M | $11.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $11.9M | $11.1M | $10K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.8M | $10.2M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $10.3M | $9.7M | $535K |
| VANGUARD ULTRA-SHORT-TERM BOND FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $9.6M | $9.6M | $0 |
| Invesco Equity and Income Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $10.6M | $9.3M | $0 |
| PIMCO Total Return Portfolio PIMCO VARIABLE INSURANCE TRUST | 2026-06-30 | $8.2M | $7.7M | $0 |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $7.3M | $6.9M | $0 |
| T. Rowe Price Ultra Short-Term Bond ETF T. Rowe Price Exchange-Traded Funds, Inc. | 2026-05-31 | $7.2M | $6.9M | $7.0M |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $6.3M | $6.1M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.5M | $6.0M | -$405K |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $6.4M | $6.0M | -$7.1M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): iShares ESG Advanced Universal USD Bond ETF ($150K), Columbia Diversified Fixed Income Allocation ETF ($48K), Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF ($5K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $49.1M | $45.4M | 0.07% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $33.5M | $31.1M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $27.5M | $26.2M | 0.05% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $18.2M | $18.1M | 0.20% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $16.7M | $15.9M | 0.03% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $11.9M | $11.1M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 4 | $10.8M | $10.2M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $10.3M | $9.7M | 0.04% |
| TBUX T. Rowe Price Ultra Short-Term Bond ETF | 2026-05-31 | 3 | $7.2M | $6.9M | 0.60% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $6.5M | $6.0M | 0.03% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 2 | $5.6M | $5.3M | 0.05% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 6 | $5.2M | $4.9M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $5.0M | $4.7M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $5.0M | $4.5M | 0.04% |
| BSCS Invesco BulletShares 2028 Corporate Bond ETF | 2026-05-31 | 1 | $4.5M | $4.2M | 0.12% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 76 bp spread prices in about 1.3% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in CUBE's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 47 | $62.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 506 | $8.44B | 7 | $3.1M | 7 | $7.6M | 0 |
| 2026-03-31 | 470 | $5.94B | 5 | $2.8M | 7 | $9.4M | 0 |
| 2025-12-31 | 451 | $7.20B | 4 | $2.0M | 6 | $13.1M | 0 |
| 2025-09-30 | 470 | $7.90B | 3 | $1.3M | 5 | $10.0M | 0 |
| 2025-06-30 | 445 | $8.74B | 2 | $1.4M | 6 | $3.5M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.