KBRA Releases Research - CMBS Loan Performance Trends: March 2024
KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the March 2024 servicer reporting period.
- KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the March 2024 servicer reporting period.
- The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities (CMBS) in March remained steady at 4.5%, up 2 basis points (bps) from February.
- The total delinquent and specially serviced loan rate (distress rate) also remained steady at 7.5% compared to 7.47% last month.
- In this report, KBRA provides observations across our $314.5 billion rated universe of U.S. private label CMBS including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.