By Niket Nishant and Manya Saini

Summary:

– Office property loans show record delinquencies at 11.76%.

– Banks reduce office CRE exposure while biotech real estate slows.

– $936B in U.S. CRE mortgages set to mature next year.

U.S. regional banks ‘ commercial real estate loan books are proving broadly resilient despite worries sparked by a handful of soured loans , but the office sector continue s to be a pain point, analysts said.

At least eight mid-sized and regional U.S. banks reported lower non-performing loans (NPLs) — loans on which borrowers missed scheduled payments — in their CRE portfolios in the third quarter compared with a year ago, a Reuters analysis of earnings reports showed.

Commercial real estate, mainly office loan

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