Hurricane Helene is a story that keeps developing. The death toll is more than 130 at the moment, with more potentially to be reported.

Then there is property and other damage, and trying to estimate that, without disregard for loss of life, is ultimately a more complicated and uncertain task for accounting. However, aside from what has recently happened, there's the question of what will going forward. It's not a comforting picture.

As Trepp recently noted, there are multiple ways to look at the hurricane's impact on commercial real estate, including physical damage, insurance expenses, property values, and business interruption. The last, while not directly connected to property owners leasing to tenants, is important because it could affect occupier revenues and their abilities to pay rent.