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Research - JUNE 6, 2016

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U.S. CMBS delinquency rate rises in May

by Andrea Waitrovich

The U.S. CMBS delinquency rate climbed 12 basis points in May, according to Trepp. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.35 percent, following an increase of 1 basis point in April.

The increase in May’s rate marks the third consecutive upsurge in the monthly delinquency reading, but the rate is 105 basis points lower than the year-ago level and 82 points lower since the beginning of the year.

The industrial sector posted the largest improvement among delinquency rates for major property types in May. Though it is still the worst-performing sector, the delinquency rate for industrial loans fell 23 basis points to 5.72 percent. The office sector delinquency rate climbed 21 basis points to 5.51 percent, the largest increase among major property types. Retail delinquencies dropped 16 basis points to 5.36 percent in May.

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