2019 Delinquency Rates

The rate fell nine basis points from 3.1 percent to 3.0 percent in January, which represents a new post-crisis low. The reading is down 181 basis points year over year, according to the Trepp CMBS Delinquency Rate.
Source: Trepp

The Trepp CMBS Delinquency Rate opened 2019 on a positive note as the reading dropped again in January. The rate fell nine basis points from 3.1 percent to 3.0 percent in January, which represents a new post-crisis low. The reading is down 181 basis points year over year. The delinquency rate started to improve consistently after the June 2017. The CMBS 2.0+ delinquency rate rose six basis points to 0.7 percent in January. The percentage of 2.0+ loans that are seriously delinquent is now 0.5 percent, which is down four basis points month over month. For the second consecutive month, the industrial sector was the major property type which featured the greatest month-over-month improvement in its delinquency rate. The industrial reading dipped 34 basis points to 2.1 percent in January.

Manus Clancy is Senior Managing Director of Applied Data & Research.

—Posted on Feb. 13, 2019