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 2025. The average retention rate of expiring leases decreased to 56.7% in January, the latest month for which data are available, from 77.5% in December, while the average retention rate of month-to-month leases increased to 90.4% in January, the latest month for which data are available, from 89.7% in December. The average tenant delinquency rate on single-borrower transactions decreased to 0.8% in February from 2.0% in January. The average vacancy rate decreased to 6.5% in February from 7.6% in January.

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