Power REIT bonds PW
Who owns Power REIT'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. PW 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 |
|---|---|---|---|---|---|---|---|---|---|
| 641423CC0 | 3.7% fixed | 2029-05-01 | USD | 97.37 | 4.73% | 48 bp | 12 | $8.6M | Jul 2026 |
| 641423CD8 | 2.4% fixed | 2030-05-01 | USD | 91.60 | 4.88% | 59 bp | 6 | $22.1M | Jul 2026 |
| 641423BP2 | 6.65% fixed | 2036-04-01 | USD | 107.56 | 5.62% | 104 bp | 8 | $3.5M | Jul 2026 |
| 641423BU1 | 6.75% fixed | 2037-07-01 | USD | 108.22 | 5.73% | 108 bp | 3 | $671K | Jul 2026 |
| 641423BZ0 | 5.375% fixed | 2040-09-15 | USD | 95.02 | 5.90% | 109 bp | 3 | $585K | Jul 2026 |
| 641423CA4 | 5.45% fixed | 2041-05-15 | USD | 95.92 | 5.87% | 102 bp | 2 | $2.9M | Jul 2026 |
| 641423CE6 | 3.125% fixed | 2050-08-01 | USD | 62.81 | 6.09% | 99 bp | 6 | $1.4M | Jul 2026 |
| 641423CF3 | 5.9% fixed | 2053-05-01 | USD | 95.57 | 6.24% | 114 bp | 4 | $1.3M | Jul 2026 |
| 641423CG1 | 6% fixed | 2054-03-15 | USD | 96.72 | 6.25% | 115 bp | 7 | $2.7M | Jul 2026 |
| 641423CH9 | 6.25% variable | 2055-05-15 | USD | 99.68 | — | — | 9 | $6.2M | 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 | 10 | $49.8M | 96.32 | 5.87% | 104 bp | 12 |
| Jun 2026 | 10 | $192.7M | 99.06 | 5.66% | 88 bp | 32 |
| May 2026 | 10 | $85.2M | 99.04 | 5.59% | 86 bp | 17 |
| Apr 2026 | 10 | $49.7M | 98.40 | 5.64% | 105 bp | 11 |
| Mar 2026 | 10 | $190.8M | 98.52 | 5.57% | 106 bp | 33 |
| Feb 2026 | 10 | $91.3M | 101.74 | 5.24% | 83 bp | 16 |
| Jan 2026 | 10 | $51.0M | 100.27 | 5.47% | 96 bp | 10 |
| Dec 2025 | 10 | $188.6M | 100.23 | 5.38% | 103 bp | 33 |
| Nov 2025 | 10 | $97.1M | 101.51 | 5.21% | 91 bp | 16 |
| Oct 2025 | 10 | $50.1M | 101.65 | 5.27% | 96 bp | 10 |
| Sep 2025 | 10 | $187.6M | 101.30 | 5.25% | 96 bp | 32 |
| Aug 2025 | 10 | $99.0M | 98.93 | 5.49% | 101 bp | 16 |
| Jul 2025 | 10 | $59.1M | 99.02 | 5.57% | 100 bp | 10 |
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. 18 added, 27 cut, 13 new holders and 7 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $52.8M | $51.7M | $598K |
| Core Fixed Income Fund Principal Funds, Inc | 2026-07-31 | $20.5M | $18.8M | $0 |
| AST Multi-Sector Fixed Income Portfolio Advanced Series Trust | 2026-06-30 | $17.6M | $17.5M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.2M | $14.3M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $14.0M | $13.5M | -$655K |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $10.7M | $10.0M | $0 |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $15.3M | $10.0M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $15.2M | $10.0M | $0 |
| VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $8.4M | $7.7M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $7.3M | $7.0M | -$375K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.7M | $6.5M | -$675K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $5.9M | $5.8M | $1.8M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $5.0M | $5.1M | $0 |
| SIIT INTERMEDIATE DURATION CREDIT FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $4.5M | $4.6M | -$200K |
| SBH PLUS BOND FUND Segall Bryant & Hamill Trust | 2026-06-30 | $4.0M | $4.4M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.3M | $4.3M | $1.4M |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $4.2M | $4.3M | $0 |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $4.3M | $4.2M | $319K |
| PIMCO Investment Grade Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $4.1M | $4.0M | $0 |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $4.2M | $4.0M | $510K |
| AST J.P. Morgan Fixed Income Central Portfolio Advanced Series Trust | 2026-06-30 | $3.8M | $3.8M | -$589K |
| PIMCO Long-Term Credit Bond Fund PIMCO FUNDS | 2026-06-30 | $5.3M | $3.5M | $0 |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $3.5M | $3.5M | $0 |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $5.3M | $3.5M | $0 |
| SIIT LONG DURATION CREDIT BOND FUND SEI INSTITUTIONAL INVESTMENTS TRUST | 2026-05-31 | $3.4M | $3.4M | $145K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): JPMorgan Preferred and Income Securities Fund ($5.6M), JPMorgan Core Bond Fund ($5.3M), JPMorgan Flexible Debt ETF ($1.2M), JPMorgan Income Builder Fund ($1.1M), First American Multi-Manager Fixed-Income Fund ($200K), Invesco Multi-Asset Income Fund ($170K), AST Target Maturity Central Portfolio ($40K).
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 |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 8 | $52.8M | $51.7M | 0.01% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $14.0M | $13.5M | 0.01% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $7.3M | $7.0M | 0.03% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 10 | $6.7M | $6.5M | 0.04% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $5.9M | $5.8M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 3 | $4.3M | $4.3M | 0.04% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $4.3M | $4.2M | 0.10% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 8 | $4.2M | $4.0M | 0.01% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $3.5M | $3.4M | 0.03% |
| BSCT Invesco BulletShares 2029 Corporate Bond ETF | 2026-05-31 | 1 | $3.4M | $3.3M | 0.12% |
| AVIG Avantis Core Fixed Income ETF | 2026-05-31 | 1 | $2.9M | $3.2M | 0.17% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $3.2M | $3.1M | 0.00% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 4 | $2.7M | $2.8M | 0.03% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $3.4M | $2.5M | 0.03% |
| TAGG T. Rowe Price QM U.S. Bond ETF | 2026-07-31 | 2 | $2.4M | $2.4M | 0.11% |
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 104 bp spread prices in about 1.7% 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 PW'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 | 2 | $76K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 11 | $160K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 9 | $136K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 16 | $203K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 16 | $215K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 16 | $253K | 0 | — | 0 | — | 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.