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KBRA Releases Research – CMBS Loan Performance Trends: April 2022

NEW YORK--(BUSINESS WIRE)--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the April 2022 servicer reporting period. The delinquency rate declined 19 basis points (bps) to 3.13% in April after holding steady in March. The rate continued its downward trend since it peaked at 8.2% in June 2020.

Lodging and mixed-use recorded the highest month-over-month (MoM) delinquency reductions (92 bps and 47 bps, respectively), followed by retail (14 bps). The delinquency rate for industrial and office increased MoM in April, to 0.33% from 0.13% and 1.5% from 1.44%, respectively. Looking at the percentage of all specially serviced loans (delinquent and current), lodging (8.82%, -100 bps) and mixed-use (5.59%, -48 bps) logged the largest MoM contractions, while retail (8.19%) rose 72 bps.

Click here to view the report.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

Roy Chun, Senior Managing Director
+1 (646) 731-2376
roy.chun@kbra.com

Catherine Liu, Associate
+1 (646) 731-1313
catherine.liu@kbra.com

Eric Thompson, Senior Managing Director
+1 (646) 731-2555
eric.thompson@kbra.com

Business Development Contact

Michele Patterson, Managing Director
+1 (646) 731-2397
michele.patterson@kbra.com

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KBRA

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI
Release Versions
English
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#KBRA
#creditratingagency

Contacts

Roy Chun, Senior Managing Director
+1 (646) 731-2376
roy.chun@kbra.com

Catherine Liu, Associate
+1 (646) 731-1313
catherine.liu@kbra.com

Eric Thompson, Senior Managing Director
+1 (646) 731-2555
eric.thompson@kbra.com

Business Development Contact

Michele Patterson, Managing Director
+1 (646) 731-2397
michele.patterson@kbra.com

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