Commercial Real Estate: Earnings, Challenges, and Outlook

In this week’s episode of The TreppWire Podcast, we break down the Fed’s decision to keep rates steady and provide our thoughts on whether there will be a rate cut in September. We discuss Friday’s tariff deadline, negotiations that are still pending, and the implications on the economy. In other parts of the market, we analyze recent bank earnings and some of the findings as it relates to commercial real estate (CRE) portfolios. We analyze CBRE’s positive earnings report and some signals that have come about from recent real estate executive commentary. We dive into a recent Trepp report on the commercial mortgage-backed securities (CMBS) “maturity drag,” where roughly $23 billion in loans are stalling past their due dates, and preview Trepp’s July CMBS Delinquency Report numbers, which showed that the rate was up 10 basis points to 7.23%. Tune in now.

Episode Notes

• Economic Update: Fed Holds Interest Rates Steady (1:49)
• Friday’s Tariff Deadline (12:14)
• Recent Bank Earnings (16:11)
• CBRE Positive Earnings Report (27.59)
• Maturity Drag Phenomenon (38:18)
• Trepp’s July CMBS Delinquency Numbers (45:09)
• Trading Alert Headlines (47:36)
• Closing (48:37)

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