Morningstar DBRS Releases Its February Single-Family Rental Performance Summary for Rated Securitizations

DBRS, Inc. (Morningstar DBRS) released its monthly report on the performance of rated single-family rental (SFR) securitizations for February 2024. The retention rate of expiring leases decreased to 82.8% in December, the latest month for which data is available, from 82.9% in November, while the retention rate of month-to-month leases increased to 91.1% from 90.6%. The average tenant delinquency rate on single-borrower transactions remained unchanged at 3.3% in January 2024. The vacancy rate decreased to 7.1% in January 2024 from 7.2% in December 2023.

The monthly Performance Summary report provides property-level performance information for all Morningstar DBRS-rated SFR transactions as of the February 2024 distribution date.

Notes:
The report is available at https://dbrs.morningstar.com.

For more information, visit https://dbrs.morningstar.com or contact us at Info-DBRS@morningstar.com.

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