DBRS Morningstar Releases Its June Single-Family Rental Performance Summary for Rated Securitizations

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.

Notes:
The report is available at www.dbrsmorningstar.com.

For more information, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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