Morningstar DBRS Releases Its May 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 May 2024. The retention rate of expiring leases decreased to 80.5% in March, the latest month for which data are available, from 82.1% in February, while the retention rate of month-to-month leases decreased to 88.9% in March from 90.8% in February. The average tenant delinquency rate on single-borrower transactions decreased to 2.3% in April from 2.6% in March. The vacancy rate increased to 7.2% in April from 6.8% in March.

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