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Stock impact report

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs [zero hedge]

Newmark Group, Inc. - Class A (NMRK) 
Last newmark group, inc. - class a earnings: 2/13 08:01 am Check Earnings Report
US:NASDAQ Investor Relations: ir.bgcpartners.com/investors/default.aspx
Company Research Source: zero hedge
"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the " next big short " after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate deterioration, where data center REITs provided a solid offset to weakness elsewhere, credit markets eventually moved on to the next worst thing. It may be time to reassess: according to the latest TREPP CMBS monthly report, March saw a surge in the delinquency rate, which jumped by 41bps to 7.55%, the highest in years, led by a surge in the lodging rate, a category which until now was not a source of concern. TREPP states that the five largest Show less Read more
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