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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to change over time.
Historical analysis does not guarantee future results.
Baseline scenario includes an immediate recession for two years followed by stabilization and a recovery, with a 38% default rate in offices (by market value) and a 5% reduction in office rents. Office Stress includes the Base case assumptions plus a more punitive outcome for office properties with 68% of office loans defaulting and a 10% reduction in rent. The rent assumptions include specific reductions in more stressed commercial business districts. As of March 31, 2023
Source: Bloomberg, Real Capital Analytics, Trepp and AB
Past performance does not guarantee future results.
As of March 31, 2023
Source: Bloomberg and AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to change over time.