Self-Storage CMBS Shows Early Signs of Credit Stress
The self-storage commercial mortgage-backed securities (CMBS) sector is showing early signs of credit stress, with nearly 30% of outstanding balances on watchlists. Despite a low delinquency rate of 0.05%, the risk concentration in newer loan vintages from 2021 to 2024 suggests potential issues ahead.
Topics: cmbs credit risk delinquency real estate market self-storage