KBRA Releases Proposed Updates to its North American CMBS Property Evaluation Methodology

KBRA releases proposed updates to its North American CMBS Property Evaluation Methodology.

The document describes KBRA’s methodology for evaluating commercial real estate (CRE) property cash flow and value for assets collateralizing North American CRE transactions. The substance of the methodology remains largely unchanged. The primary purposes of the update are to streamline the document and to add details on the Data Center property type. Additionally, certain textual and tabular updates were made to the document. No ratings are expected to be impacted as a result of the adoption of this proposed update.

This proposal is being made available for comment on KBRA’s website through January 3, 2026. After the public comment period and consideration given to those comments, the proposal, if adopted, will supersede the previous version of the document that was published on June 30, 2022.

Click here to view the proposed methodology.