{"id":29362,"date":"2026-07-01T20:07:00","date_gmt":"2026-07-01T18:07:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=6712887834d87623bb4b1f16277e9e40"},"modified":"2026-07-01T20:07:00","modified_gmt":"2026-07-01T18:07:00","slug":"kbra-releases-research-cmbs-loan-performance-trends-june-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=29362","title":{"rendered":"KBRA Releases Research \u2013 CMBS Loan Performance Trends: June 2026"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the June 2026 servicer reporting period. The 30+ day delinquency rate among KBRA-rated U.S. private label CMBS declined 13 basis points (bps) to 7.5% in June from 7.7% in May, while the distress rate (reflecting delinquent plus current-but-specially-serviced loans) declined 14 bps.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260701060174\/en\/2843566\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260701060174\/en\/2843566\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260701060174\/en\/2843566\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260701060174\/en\/2843566\/21\/kbra-logo.jpg\" \/><\/a><p>\nKey observations of the June 2026 performance data are as follows:<\/p><ul class=\"bwlistsquare\">\n<li>\nThe overall delinquency rate decreased 13 bps to 7.5% ($25.2 billion) this month, driven by a decline in conduits that offset a slight increase in the SB\/LL category. However, the delinquency rate remains 27 bps higher than last\u00a0year.<\/li>\n<li>\nThe distress rate continued its downward trend this month, falling 14 bps month-over-month (MoM) to 9.9% ($33.2 billion); the rate is down 53 bps year-over-year (YoY). A mostly stable conduit rate and a declining SB\/LL rate are the main drivers of the trend.<\/li>\n<li>\nThe office distress rate increased 44 bps to 17.5% this month, following the transfer of three office loans to special servicing. 425 Eye Street ($102.2 million across two conduits) transferred for imminent monetary default; 79 Madison Avenue ($85 million across two conduits) transferred after becoming a nonperforming matured loan; and Champion Station ($80 million in COMM 2016-COR1) transferred for imminent maturity default.<\/li>\n<li>\nThe multifamily distress rate declined in June for the second consecutive month, falling 98 bps after a 91-bp decline last month. The $539.5 million Yorkshire &amp; Lexington Towers loan returned to the master servicer after a modification cured the defaults on the senior loan and subordinate mezzanine debt.<\/li>\n<li>\nThe lodging sector distress rate declined 20 bps this month, due to the return of the $87 million Holiday Inn FiDi loan to the master servicer following an extended rehabilitation period; a new borrower assumed the loan a year ago and undertook a conversion of the property to student housing.<\/li>\n<\/ul><p>\nIn this report, KBRA provides observations across our $344.1 billion rated universe of U.S. private label CMBS, including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FKKqJSMLp&amp;esheet=54563583&amp;newsitemid=20260701060174&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=4c940d898f863401f2bb4e30ca8dd290\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Recent Publications<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FxYbxqdWH%2F2026-u.s.-cmbs-outlook-issuance-momentum-builds-loan-distress-remains-elevated&amp;esheet=54563583&amp;newsitemid=20260701060174&amp;lan=en-US&amp;anchor=2026+U.S.+CMBS+Outlook%3A+Issuance+Momentum+Builds%3B+Loan+Distress+Remains+Elevated&amp;index=2&amp;md5=9e9a302334c67a25db3746f5101cb864\" rel=\"nofollow\" shape=\"rect\">2026 U.S. CMBS Outlook: Issuance Momentum Builds; 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KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.<\/p><p>\nDoc ID: 1015824<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nShawn Li, Senior Analyst\n<br\/>+1 646-731-1427\n<br\/><a  href=\"mailto:shawn.li@kbra.com\" rel=\"nofollow\" shape=\"rect\">shawn.li@kbra.com<\/a><\/p><p>\nRobert Grenda, Managing Director\n<br\/>+1 215-882-5494\n<br\/><a  href=\"mailto:robert.grenda@kbra.com\" rel=\"nofollow\" shape=\"rect\">robert.grenda@kbra.com<\/a><\/p><p>\n<strong>Business Development Contact<\/strong><\/p><p>\nAndrew Foster, Senior Director\n<br\/>+1 646-731-1470\n<br\/><a  href=\"mailto:andrew.foster@kbra.com\" rel=\"nofollow\" shape=\"rect\">andrew.foster@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the June 2026 servicer reporting period. The 30+ day delinquency rate among KBRA-rated U.S. &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29362","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29362"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29362\/revisions"}],"predecessor-version":[{"id":29363,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/29362\/revisions\/29363"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}