Morningstar DBRS Releases Its January 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 January 2025. The average retention rate of expiring leases decreased to 79.5% in November, the latest month for which data are available, from 80.6% in October, while the average retention rate of month-to-month leases decreased to 87.9% in November, the latest month for which data are available, from 89.1% in October. The average tenant delinquency rate on single-borrower transactions increased to 2.0% in December from 1.9% in November. The average vacancy rate decreased to 7.2% in December from 8.1% in November.

The monthly Performance Summary Report provides property-level performance information for all Morningstar DBRS-rated SFR transactions as of the January 2025 distribution date.

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The report is available at https://dbrs.morningstar.com/research/449993.

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

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