Office Delinquencies Rise As Working From Home and Higher Rates Factor In
Office Delinquencies Rise As Working From Home and Higher Rates Factor In
The delinquency rate for U.S. office loans rose in June as vacancies grew due to the post-pandemic work-from-home trend and persistently high interest rates, according to a report from Fitch Ratings.
根据惠誉评级报告，由于疫情后的远程办公趋势和高利率期货持续存在，美国办公贷款拖欠率在六月份上升。
The rate of delinquencies, or late payments, on loans behind commercial mortgage-backed securities (CMBS) rose to 2.45% in June from 2.42% in May, according to the report released on Friday. The volume of 30-day delinquencies increased to $1.92 billion from $1.86 billion over the same period.
根据周五发布的报告，商业抵押支持证券（CMBS）贷款拖欠或逾期支付的比率在6月份从5月份的2.42%上升至2.45%。同期30天拖欠总额从1.86亿美元增加到1.92亿美元。
The volume of 30-day delinquencies increased to $1.92 billion in June from $1.86 billion in May, increasing the 30-day delinquency rate to 0.35% in June from 0.34% in May. Office loans represented the largest share, accounting for 55% of 30-day delinquencies and totaling $1.05 billion, the report said.
根据报告，6月份拖欠30天的总额从5月份的1.86亿美元增加到1.92亿美元，将30天拖欠率从5月份的0.34%上升至6月份的0.35%。报告称，办公室贷款是规模最大的部分，占30天拖欠总额的55%，共计10.5亿美元。
Also Read: Time's Up, Office Loans: It's Payback Season
还有：时间到了，办公楼贷款该还了
The volume of loans that are at least 60 days delinquent reached $1.35 billion in June, up from $1.32 billion in May. Office loans accounted for $51%, or $692 million, of these new delinquencies, while retail made up 16%, or $214 million, and hotel represented 12%, or $162 million, of the delinquencies.
6月份至少拖欠60天的贷款总额从5月份的1.32亿美元上升至1.35亿美元。报告称，办公室贷款占新的拖欠比例的51%，即6920万美元，零售占16%，即2140万美元，酒店占12%，即1620万美元。
Three of the largest five new delinquencies were office loans, which accounted for 37% of total delinquency volume and 72% of office delinquencies, the report said.
报告称，最大的五个新拖欠贷款中，有三个是办公楼贷款，占总拖欠贷款的37%和办公室拖欠贷款的72%。
The Illinois Center, secured by two adjoining 32-story office towers totaling 2.09 million square feet in the East Loop submarket of Chicago's central business district, became 60 days delinquent on a $244 million loan in June 2024.
伊利诺伊中心位于芝加哥中央商务区东环路子市场，由两座相邻的32层办公楼组成，总面积为209万平方英尺。2024年6月，一笔2,440万美元的贷款已逾期60天。
The 1615 L Street loan of $134 million, secured by a 417,383-square-foot office building in downtown Washington D.C., was reported as a non-performing matured balloon loan in June 2024 that has been chronically delinquent after defaulting at its September 2023 maturity.
位于华盛顿特区市中心的417,383平方英尺的办公楼1615 L街13,400万美元的贷款已在2024年6月被报告为不良成熟气球贷款，自2023年9月到期后长期拖欠。
The Zappettini Portfolio loan, valued at $120 million and secured by a portfolio of 10 office buildings in Mountain View, California, defaulted at maturity in June 2024, according to the report.
根据报告，由10栋山景城办公楼组成的Zappettini Portfolio贷款，价值1.2亿美元，在2024年6月逾期到期。
Price Action: Major commercial real estate lenders showed mixed performances on Friday.
股价表现：主要商业房地产贷款人在周五表现不一。
CBRE Group, Inc. (NYSE: CBRE) gained 1.65% to close at $94.66, while Walker & Dunlop (NYSE:WD) declined 0.47% to end the day at $99.68 and Cushman & Wakefield plc (NYSE:CWK) jumped 1.61% to $11.99.
房地产公司CBRE集团股份有限公司（NYSE：CBRE）收涨1.65%，报94.66美元，而Walker&Dunlop（NYSE：WD）下跌0.47%，收于99.68美元，Cushman&Wakefield plc（NYSE：CWK）上涨1.61%，报11.99美元。
Three exchange-traded funds that hold the most CBRE stock made modest gains on Friday. Invesco S&P 500 Equal Weight Real Estate ETF (NYSE:RSPR) gained 1.05%, while the Real Estate Select Sector SPDR Fund (NYSE:XLRE) gained 0.73% and the iShares U.S. Real Estate ETF (NYSE:IYR) edged up 0.84%.
持有CBRE股票的三只交易所交易基金在周五均有所增长。 景顺S＆P 500等权重房地产ETF（NYSE：RSPR）上涨1.05%，而房地产选择部门SPDR基金（NYSE：XLRE）上涨0.73%，美国房地产ETF (iShares U.S. Real Estate ETF，NYSE: IYR) 上涨0.84%。
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