DBRS Morningstar Releases Its May Single-Family Rental Performance Summary for Rated Securitizations
RMBSDBRS Morningstar released its monthly report for May on the performance of rated single-family rental securitizations. The retention rate for expiring leases increased to 88.0% from 85.8%, and the retention rate for month-to-month leases decreased to 92.5% from 93.0%. While the average tenant delinquency rate on single-borrower transactions decreased to 6.1% in April from 6.4% in March. The vacancy rate increased to 3.9% in April from 3.8% in March.
The monthly Performance Summary report provides property-level performance information for all DBRS Morningstar-rated single-family rental transactions as of the May 2022 distribution date.
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The report is available at www.dbrsmorningstar.com.
For more information, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.
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