CMBS delinquency is at its highest level since the end of 2021, having risen for a fifth consecutive month, according to CRED iQ, with more than $4 billion in aggregate CMBS debt reported as newly delinquent as of June.

For June, the rate came in at 4.4% or a 5% rise from the previous month.

CRED iQ measures the delinquency rate as being equal to the percentage of all the delinquent specially serviced loans and delinquent non-specially serviced loans, based on its sample universe of $600+ billion in CMBS conduit and single asset single-borrower (SASB) loans.

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