CMBS delinquency rate highest since 2021 — Trepp

CMBS delinquencies rose sharply in April, according to data provided by Trepp. The delinquency rate was 5.07%, up 40 basis points from the previous month. That’s the highest since September 2021.

Delinquencies include loans at least 30 days late, nonperforming matured balloon loans, foreclosures and real estate owned. The figure excludes past-due loans that remain current on interest payments.

Office property delinquencies rose to 7.38% from 6.58% in March. A year ago, it was 2.77%. Lodging properties saw their delinquency rate increase by 52 basis points vs. the previous month, to 5.97%. Retailers’ delinquency rate was 5.94%, up 38 basis points from the previous month.

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