CMBS Research

KBRA’s CMBS team consists of commercial real estate (CRE) professionals who possess a broad range of experience and expertise. The CMBS team produces market-leading research on structural features of transactions as well as the latest trends across various segments of the CRE securitization market.

Research Series

KBRA produces a number of ongoing CRE reports on a periodic basis including Trend Watch, Loan Performance, Conduit Loss Compendium, and our annual Sector Outlook.

Trend Watch

A monthly publication that highlights CRE securitization issuance trends, KBRA new issuance and surveillance rating activity, and KBRA research activity.

Loan Performance Trends

Monthly publication that highlights Conduit and SASB loan performance including delinquency trends, special servicing activity, and loan disposition/ resolution activity.

Loss Compendium

A semiannual publication that reports realized losses and KBRA’s future loss expectations on our rated transactions.

Conference Recap

KBRA attends and participates in numerous industry conferences and events. Our recaps of these events are an industry must-read.

Sector Outlook

Annual publication published in November that provides KBRA’s recap on CRE securitization issuance for the year and expectations for the following year, along with our views on the property sectors and rating activity.

Property Sectors

KBRA produces market leading research on the various property sectors including the relevant secular changes impacting the various property types and industry performance trends.

Default and Loss Studies

KBRA produces and updates default and loss studies across various segments of the commercial real estate securitization sector. Our default studies cover Agency, CRE CLOs, Conduits, SASBs, and Canadian CRE.

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Trending Topics

Stay ahead in the dynamic CMBS landscape with our comprehensive research on trending topics.

CRE CLO

Collateralized loan obligations has become an important source of funding for transitional/non-stabilized commercial real estate assets. KBRA provides market leading research on CRE CLO market and performance trends, as well as, transaction structures in a market that has and can evolved quickly.

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KBRA Comparative Analytic Tool (KCAT)

An interactive Excel tool that allows users to easily compare details and credit metrics of KBRA-rated transactions.

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