S&P Global Ratings, New York, said real estate investment trust earnings rebounded significantly in the second quarter, demonstrating the sector is on the right path for a solid comeback.
Tag: S&P Global Ratings
Hotel Sector Recovery Slows
The hotel sector recovery has slowed in recent months after rebounding in the fall from April lows, said Fitch Ratings, New York.
Financial Institutions Face Risks To CRE Asset Quality
S&P Global Ratings, New York, said both banks and non-bank financial institutions face risks from their commercial real estate exposure due to the COVID-19 pandemic’s impact on travel, shopping and office usage.
CMBS Delinquency Rate Falls; Issuance Bounces Back
The commercial mortgage-backed securities delinquency rate continued to fall in October while issuance increased, said Trepp LLC and KBRA, New York.
CMBS Servicers Working through Surge in Requests
S&P Global Ratings, New York, said commercial mortgage-backed securities special servicers are working through a “surge” in borrower requests for relief, primarily on lodging and retail properties.
S&P: Retail REITs Could Face Distress Until At Least 2021
S&P Global Ratings, New York, said retail real estate investment trusts, already buffeted by the coronavirus pandemic and dwindling brick-and-mortar revenues, could see an increase in downgrades in coming quarters with little chance of recovery before next year.