DBRS, Inc. (DBRS Morningstar) released its monthly report on the performance of rated single-family rental (SFR) securitizations for June 2023. The retention rate of expiring leases decreased to 83.8% from 84.5%, while the retention rate of month-to-month leases decreased to 90.1% from 91.4%. The average tenant delinquency rate on single-borrower transactions decreased to 4.0% in May from 4.2% in April. The vacancy rate remained unchanged at 6.0% in May.
The monthly Performance Summary report provides property-level performance information for all DBRS Morningstar-rated SFR transactions as of the June 2023 distribution date.
The report is available at www.dbrsmorningstar.com.
For more information, visit www.dbrsmorningstar.com or contact us at firstname.lastname@example.org.
140 Broadway, 43rd Floor
New York, NY 10005 USA
Tel. +1 212 806-3277