Tenant exposure
FedEx in CMBS
The trusts' filings name FedEx among the three largest tenants at properties securing 3 public CMBS loans with $75.5M outstanding. It is the largest tenant at 3 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| FedEx Redmond | Redmond, WA | Industrial | $45.1M | 3.87% | Jan 2030 | 2.23x | 100% | Current |
| Fedex Distribution Center, Moonachie | Moonachie, NJ | Industrial | $21.1M | 6.61% | Nov 2034 | n/a | n/a | Current |
| Pillars at HBU | Houston, TX | Retail | $9.3M | 3.86% | Apr 2031 | 3.35x | 90% | Current |
Where FedEx is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| FedEx Redmond | Jul 2028 | Jan 2030 | $45.1M |
| Pillars at HBU | Aug 2031 | Apr 2031 | $9.3M |
| Fedex Distribution Center, Moonachie | Apr 2034 | Nov 2034 | $21.1M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: Fed Ex; FedEx; FedEx Corporation. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.