The Trepp CMBS Delinquency Rate fell six basis points to 2.82 percent in April, the lowest delinquency reading observed since the 2008 financial crisis.
April’s rate cancels out the marginal increase in delinquencies from March when the reading inched 1 basis point higher to 2.88 percent. The delinquency rate has decreased by 154 basis points year over year.
For the second time in the past three months, the retail delinquency rate posted the greatest improvement among major property types. The retail reading shed 28 basis points to 4.62 percent in April, but it remains the worst-performing major property sector. Hotel delinquencies are still at the lowest level of all major property types, as the lodging rate fell 5 basis points to 1.55 percent last month. The industrial delinquency rate climbed 8 basis points to 2.1 percent.
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