The delinquency rate for commercial mortgage-backed securities remained stable last month, according to data from Fitch Ratings.
Delinquencies declined two basis points in August, to 4.85%, compared to the previous month.
Late payments on retail and hotel properties jumped by more than 40 basis points, to 5.34% and 5.88%, respectively.
Those increases were offset by a 12 basis-point drop in industrial delinquencies, to 5.15%. Multifamily and office properties also fell slightly from the previous month.