Morningstar DBRS Releases Its March 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 March 2024. The retention rate of expiring leases increased to 84.2% in January, the latest month for which data are available, from 83.1% in December, while the retention rate of month-to-month leases remained unchanged at 91.1%. The average tenant delinquency rate on single-borrower transactions decreased to 2.9% in February from 3.3% in January. The vacancy rate decreased to 7.1% in February from 7.2% in January.

The monthly Performance Summary report provides property-level performance information for all Morningstar DBRS-rated SFR transactions as of the March 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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