Morningstar DBRS Releases Its April 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 April 2024. The retention rate of expiring leases decreased to 82.1% in February, the latest month for which data are available, from 84.2% in January, while the retention rate of month-to-month leases decreased to 90.8% in February from 91.1% in January. The average tenant delinquency rate on single-borrower transactions decreased to 2.6% in March from 2.9% in February. The vacancy rate decreased to 6.8% in March from 7.1% in February.

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