GS Mortgage Securities Trust 2018-GS9

Tranches, pool and monthly delinquency indicator for GS Mortgage Securities Trust 2018-GS9.

Data as of loan data through September 2026; ratings as held in the dataset at build

Current pool balance: $818.5M (September 2026)
Original pool balance: $887.1M
Loans at issuance: 42
Closing date: 2018-03-29
Weighted average coupon at issuance: 4.39%
Weighted average LTV at issuance: 41.0%
30+ delinquent (latest): 14.95%
Realized stress score: 66.3
Net rating change since issuance: +0.26 notches

Tranches

Class	Original balance	Credit support (computed)	Coupon	CUSIP	Fitch	KBRA	S&P	Moody's	DBRS
A-1	$14.1M	98.36%	2.861% fixed	36255NAQ8	PIF	WR	not yet reported	WR	not yet reported
A-2	$24.6M	95.49%	3.839% fixed	36255NAR6	PIF	WR	not yet reported	WR	not yet reported
A-3	$170.0M	75.65%	3.727% fixed	36255NAS4	AAA	AAA	not yet reported	Aaa	not yet reported
A-4	$361.1M	33.50%	3.992% fixed	36255NAT2	AAA	AAA	not yet reported	Aaa	not yet reported
A-AB	$29.9M	30.00%	3.978% fixed	36255NAU9	AAA	AAA	not yet reported	Aaa	not yet reported
A-S	$65.3M	22.38%	4.141% fixed	36255NAX3	AAA	AAA	not yet reported	Aa2	not yet reported
B	$40.7M	17.63%	4.321% fixed	36255NAY1	AA-	AA-	not yet reported	not yet reported	not yet reported
C	$56.8M	11.00%	4.510% floating	36255NAZ8	A-	A-	not yet reported	not yet reported	not yet reported
D	$41.8M	6.13%	3.000% fixed	36255NAA3	B-	BB-	not yet reported	not yet reported	not yet reported
E	$16.1M	4.25%	4.510% floating	36255NAE5	CCC	CCC	not yet reported	not yet reported	not yet reported
F-RR	$9.6M	3.13%	4.510% floating	36255NAG0	CC	CC	not yet reported	not yet reported	not yet reported
G-RR	$26.8M	0.00%	4.510% floating	36255NAJ4	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
R	not yet reported	not yet reported	not yet reported	36255NAN5	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
S	not yet reported	not yet reported	not yet reported	36255NAL9	not yet reported	not yet reported	not yet reported	not yet reported	not yet reported
X-A	$665.0M	Interest only	0.601% floating	36255NAV7	AAA	AAA	not yet reported	Aa1	not yet reported
X-B	$40.7M	Interest only	0.189% floating	36255NAW5	AA-	AAA	not yet reported	not yet reported	not yet reported
X-D	$41.8M	Interest only	1.510% floating	36255NAC9	B-	BB-	not yet reported	not yet reported	not yet reported

Credit support is computed from the class stack order in the prospectus: the share of the deal's principal balance in classes junior to the class. Interest-only classes carry a notional balance and no principal support figure. Ratings are the latest held in the dataset for each class and agency; NR means the agency shows the class as not rated, WR that the rating was withdrawn, PIF that the class has been paid in full. Any other status value is shown exactly as the agency reports it. A + after a CUSIP marks a class with companion CUSIPs in the dataset.

Pool at issuance

Loans	42
Original loan balance	$945.5M
Weighted average coupon	4.39%
Weighted average LTV	41.0%
Median loan LTV	63.8%
Full-term interest only (share of balance)	70.1%
Balloon loans (share of balance)	100.0%
Largest loan (share of balance)	7.7%
Five largest loans (share of balance)	35.7%
Occupancy at issuance (weighted average)	92.9%

Realized outcomes

Months reported	102
Peak 30+ delinquency	14.95% (September 2026)
Ever severe (share of original balance)	17.68%
Ever modified (share of original balance)	4.41%
Past scheduled maturity (share of original balance)	2.64%
Non-performing matured (share of original balance)	29.69%
Maximum servicer advances (share of balance)	0.89%
Median DSCR, first year	1.95
Median DSCR, latest	2.15
Realized stress score	66.3

Property types

Property type	Original balance	Share of pool
Office	$301.5M	31.9%
ZZ	$203.1M	21.5%
Retail	$196.1M	20.7%
Mixed use	$44.2M	4.7%
Multifamily	$40.2M	4.3%
Lodging	$34.6M	3.7%
Self storage	$6.7M	0.7%
Industrial	$2.1M	0.2%

Property type is reported for 87.6% of the pool balance; shares are of the full pool.

Largest loans

Property	Location	Original balance	Share of pool	Coupon	Originated
MARINA HEIGHTS STATE FARM	Tempe, AZ	$72.5M	7.7%	3.56%	2017
APPLE CAMPUS 3	Sunnyvale, CA	$68.0M	7.2%	3.36%	2017
TWELVE OAKS MALL	Novi, MI	$66.7M	7.1%	4.40%	2018
Defeased	ZZ	$66.2M	7.0%	4.75%	2018
U.S. Industrial Portfolio	ZZ	$64.0M	6.8%	4.52%	2018

Delinquency and stress indicator

▬ 30+ days delinquent · ▬ Distressed (90+, foreclosure, REO, non-performing matured)

Monthly shares of the deal's reported balance, from the deal indicator series in the dataset. Months in which fewer than half of the reported loans carry a delinquency status code are not plotted.

Ratings

Classes with a CUSIP	17 of 17
Classes with a current rating in the dataset	14 of 17
Net rating change since issuance	+0.26 notches (balance-weighted)
Delinquency threshold crossed	May 2020
First downgrade	June 2024

Sources: SEC Form ABS-EE asset-level reports, Form 10-D distribution reports and the deal prospectus; rating histories published under SEC Rule 17g-7(b) and agency releases. Definitions are in the methods note on the market page.