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CMBS Delinquency Rate Drops Past 4%

Separately, Fitch Ratings says the CMBS market is operating in dog years.

Trepp headquarters in New York

NEW YORK CITY–Despite a brief blip in March, the CMBS delinquency rate, as measured by Trepp, has been steadily falling. This month is reached a milestone, breaking through the 4% threshold, Trepp reports. “It’s safe to say that CMBS investors have even more reason to set off some fireworks next week,” it says in its alert.

The overall delinquency rate for US commercial real estate loans in CMBS is now 3.95%, a drop of 17 basis points from the May level of 4.12%. The June 2018 rate is 180 basis points lower than the year-ago level of 5.75% and 94 basis points lower year to date, when the delinquency rate was 4.89%.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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