Press Release

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

RMBS
February 13, 2025

DBRS, Inc. (Morningstar DBRS) released its monthly report on the performance of rated single-family rental (SFR) securitizations for December 2024. The retention rate of expiring leases decreased to 73.2% in October, the latest month for which data are available, from 81.8% in September, while the retention rate of month-to-month leases increased to 89.1% in October from 86.6% in September. The average tenant delinquency rate on single-borrower transactions decreased to 1.7% in November from 1.8% in October. The vacancy rate decreased to 7.0% in November from 7.6% in October.

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