{"id":17017,"date":"2026-06-05T18:59:00","date_gmt":"2026-06-05T16:59:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=e3484e3e59206e631e3d539752781792"},"modified":"2026-06-05T18:59:00","modified_gmt":"2026-06-05T16:59:00","slug":"kbra-releases-monthly-cmbs-trend-watch","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=17017","title":{"rendered":"KBRA Releases Monthly CMBS Trend Watch"},"content":{"rendered":"

NEW YORK--(BUSINESS WIRE)--#creditratingagency<\/a>--KBRA releases the May 2026 issue of CMBS Trend Watch.<\/p><\/a><\/a>

\nPrivate label commercial mortgage-backed securities (CMBS) continued its steady issuance pace in May, with 16 deals closing, compared to 17 in April. As in past months, single-borrower (SB) deals continue to dominate, while conduit originations remain challenged by higher rates and lender competition. Of the 16 deals, 12 were SB and four conduits, bringing the year-to-date (YTD) issuance to $56.7 billion for a 9.7% increase on a year-over-year (YoY) basis. Commercial real estate (CRE) collateralized loan obligation (CLO) issuance in May consisted of three deals totaling $3.6 billion, resulting in a YTD total of $21.6 billion, representing a YoY increase of 32.2%.<\/p>

\nThe forward issuance pipeline across both CMBS and CRE CLOs remains busy as the market heads into its midyear CREFC conference in New York City next week. Based on our current visibility, as many as 21 rated CRE securitizations could be announced in June, including 12 SB, four conduits, four CRE CLOs, and one Freddie Mac K-Series (Agency).<\/p>

\nIn May, KBRA published pre-sales for six deals ($5 billion), including three conduits ($2 billion), one SB ($1.3 billion), one CRE CLO ($1.2 billion), and one small balance commercial (SC) ($414.5 million). May\u2019s surveillance activity included rating reviews of 693 securities. Of the 693 ratings, 622 were affirmed (89.8%), 59 were downgraded (8.5%), and 12 were upgraded (1.7%).<\/p>

\nThis month's edition also highlights recent KBRA research publications that cover various topical issues.<\/p>

\nClick here<\/a> to view the report.<\/p>

\nRecent Publications<\/strong><\/p>