The all-property CMBS delinquency rate fell to a new post-financial crisis low in July, according to both Trepp LLC and ratings agency Fitch. Trepp calculated the 30+ day all-property delinquency rate at 2.62 percent, a 22-basis-point drop from where it was in June. The figure was also down 119 basis points compared to July of 2018.
The industrial sector saw a decline of 24 basis points, to 1.70 percent, and the retail sector posted a delinquency decline of 9 basis points, to 4.35 percent.. . . more