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KBS REAL EST INVT TR III (KBSR) Financials

KBSR
Trailing 12 months to June 30, 2026
Revenue $234.5M -12.4% YoY
Net Income -$74.5M +1.3% YoY
EPS (Diluted) -$0.51 -2.0% YoY
Operating Cash Flow $10.1M +1515.8% YoY
Market Cap $133.7M as of Sep 10, 2026
Price / Sales 0.6x on $234.5M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 1.1x on $126.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KBSR SEC filings page.

KBS REAL EST INVT TR III (KBSR) reported $234.5M in revenue over the twelve months to Jun 30, 2026, down 12.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI KBSR FY2025

Asset shrinkage is reducing debt dollars but eroding equity faster, leaving rising leverage as the dominant business mechanic.

By FY2025, lower liabilities coexisted with just $177.8M of equity, pushing debt-to-equity to 7.2x; the balance sheet is becoming more leveraged even as it contracts. Operating cash flow was -$6.1M while investing cash flow was $195.3M, indicating that visible cash inflow came from outside recurring operations rather than property operations.

Revenue declined from $296.8M in FY2021 to $250.0M in FY2025, reducing the base available to absorb fixed financing costs. Interest expense reached $114.3M in FY2025, making debt service a larger claim on a shrinking operating base.

The latest loss was accompanied by negative operating cash flow, so earnings and cash generation are both signaling weaker operating economics rather than an accounting-only shortfall. Dividends were $0 in FY2024 and FY2025, while financing cash flow was -$168.6M, showing capital allocation had shifted away from shareholder distributions.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

KBS REAL EST INVT TR III does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/7

KBS REAL EST INVT TR III passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality No Cash Backing
N/A

KBS REAL EST INVT TR III reported a net loss of $78.8M while operations used $6.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue
$56.0M
YoY-14.4%
QoQ-4.2%
5Y CAGR-5.4%
10Y CAGR-5.7%

KBS REAL EST INVT TR III generated $56.0M in revenue in Q2 2026. This represents a decrease of 14.4% from the same quarter a year earlier. Against the prior quarter it is down 4.2%.

Net Income
-$39.5M
YoY-75.8%
QoQ-227.5%

KBS REAL EST INVT TR III reported -$39.5M in net income in Q2 2026. This represents a decrease of 75.8% from the same quarter a year earlier. Against the prior quarter it is down 227.5%.

EPS (Diluted)
-$0.27
YoY-80.0%
QoQ-237.5%

KBS REAL EST INVT TR III earned -$0.27 per diluted share (EPS) in Q2 2026. This represents a decrease of 80.0% from the same quarter a year earlier. Against the prior quarter it is down 237.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$26.6M
YoY-3.3%
QoQ-38.2%
5Y CAGR-27.9%
10Y CAGR-5.0%

KBS REAL EST INVT TR III held $26.6M in cash against $1.2B in long-term debt as of Q2 2026.

Dividends Per Share
$0.00

KBS REAL EST INVT TR III paid $0.00 per share in dividends in Q2 2026.

Shares Outstanding
149M
YoY0.0%
QoQ0.0%
5Y CAGR-1.5%
10Y CAGR-1.9%

KBS REAL EST INVT TR III had 149M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin
-70.5%
YoY-36.2pp
QoQ-49.9pp
5Y change-70.6pp
10Y change-65.4pp

KBS REAL EST INVT TR III's net profit margin was -70.5% in Q2 2026, showing the share of revenue converted to profit. This is down 36.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 49.9 percentage points.

Return on Equity
-31.2%
YoY-20.1pp
QoQ-24.0pp
5Y change-31.3pp
10Y change-30.8pp

KBS REAL EST INVT TR III's ROE was -31.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 20.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 24.0 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

KBSR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBSR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$56.0M-14.4%$58.4M-9.3%$58.6M-15.7%$61.6M-10.2%$65.4M-5.8%$64.4M-8.3%$69.4M-6.3%$68.6M-13.8%
SG&A Expenses$1.7M-24.1%$1.6M-35.1%$1.7M-60.3%$911K-85.5%$2.3M-3.9%$2.5M-53.8%$4.4M+73.4%$6.3M+286.0%
Interest Expense$24.4M-20.1%$25.0M-11.8%$26.3M-8.9%$29.1M-9.1%$30.5M-8.1%$28.3M-12.6%$28.9M-13.4%$32.1M+3.2%
Net Income-$39.5M-75.8%-$12.0M+63.8%-$18.9M-200.8%-$4.2M+89.2%-$22.4M+21.6%-$33.3M-188.6%$18.7M+178.3%-$38.5M-66.7%
EPS (Basic)-$0.27-80.0%-$0.08+63.6%-$0.13-200.0%-$0.03+88.5%-$0.15+21.1%-$0.22-188.0%$0.13+181.3%-$0.26-62.5%
EPS (Diluted)-$0.27-80.0%-$0.08+63.6%-$0.13-200.0%-$0.03+88.5%-$0.15+21.1%-$0.22-188.0%$0.13+181.3%-$0.26-62.5%
Diluted Shares (Avg)149M0.0%149M0.0%N/A149M0.0%149M0.0%149M0.0%N/A149M-0.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.

KBSR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBSR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$1.5B-17.0%$1.5B-15.8%$1.6B-14.3%$1.6B-18.6%$1.8B-10.2%$1.8B-10.3%$1.8B-14.8%$2.0B-8.8%
Cash & Equivalents$26.6M-3.3%$43.1M+42.9%$23.7M-22.4%$30.1M-4.4%$27.5M-34.8%$30.1M-11.9%$30.5M-17.2%$31.5M-4.8%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$92.5M-5.6%$91.4M-8.7%$93.4M-1.3%$95.2M-8.5%$98.0M-3.3%$100.1M-0.9%$94.5M+3.3%$104.0M+6.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$1.4B-14.5%$1.4B-14.4%$1.4B-11.6%$1.4B-18.8%$1.6B-7.5%$1.6B-7.4%$1.6B-16.3%$1.7B-7.2%
Long-Term Debt$1.2B-14.9%$1.2B-14.6%$1.3B-11.1%$1.3B-19.5%$1.5B-8.3%$1.4B-8.0%$1.4B-16.9%$1.6B-7.3%
Total Equity$126.3M-37.1%$165.8M-25.8%$177.8M-30.7%$196.7M-17.3%$200.8M-27.3%$223.3M-26.8%$256.6M-4.1%$237.8M-6.3%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Retained Earnings.

KBSR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBSR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$190K-97.0%$16.7M+391.8%-$9.6M-1259.4%$2.8M+438.8%$6.4M+9.8%-$5.7M-404.5%$825K-81.4%-$840K-103.3%
Depreciation & Amortization$20.5M-18.4%$21.2M-19.7%$21.1M-23.7%$23.2M-15.7%$25.2M-11.6%$26.4M-4.1%$27.6M-4.6%$27.5M-5.5%
Investing Cash Flow-$7.7M+6.6%$43.1M+1074.7%-$6.2M-104.5%$214.3M+3392.7%-$8.2M+32.4%-$4.4M-111.9%$139.6M+874.0%-$6.5M+53.6%
Financing Cash Flow$342K-92.1%-$48.6M-474.8%-$1.9M+98.7%-$184.0M-96745.8%$4.4M-64.1%$13.0M+130.9%-$144.9M-847.5%-$190K-235.7%
Dividends PaidN/AN/AN/AN/AN/AN/A$0+100.0%$0-100.0%
Share BuybacksN/AN/AN/AN/AN/AN/A$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.

KBSR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBSR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin-70.5%-36.2pp-20.6%+31.0pp-32.2%-59.2pp-6.7%+49.4pp-34.3%+6.9pp-51.7%-105.2pp27.0%+59.3pp-56.2%-27.1pp
Return on Equity-31.2%-20.1pp-7.3%+7.6pp-10.6%-17.9pp-2.1%+14.1pp-11.2%-0.8pp-14.9%-27.2pp7.3%+16.3pp-16.2%-7.1pp
Return on Assets-2.7%-1.4pp-0.8%+1.1pp-1.2%-2.2pp-0.3%+1.7pp-1.3%+0.2pp-1.8%-3.7pp1.0%+2.1pp-2.0%-0.9pp
Debt-to-Equity9.82+2.6x7.46+1.0x7.21+1.6x6.50-0.2x7.26+1.5x6.48+1.3x5.62-0.9x6.68-0.1x
Asset Turnover0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x0.040.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Frequently Asked Questions

What is KBS REAL EST INVT TR III's annual revenue?

KBS REAL EST INVT TR III (KBSR) reported $250.0M in total revenue for fiscal year 2025. This represents a -10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is KBS REAL EST INVT TR III's revenue growing?

KBS REAL EST INVT TR III (KBSR) revenue declined by 10.0% year-over-year, from $277.7M to $250.0M in fiscal year 2025.

Is KBS REAL EST INVT TR III profitable?

No, KBS REAL EST INVT TR III (KBSR) reported a net income of -$78.8M in fiscal year 2025, with a net profit margin of -31.5%.

KBS REAL EST INVT TR III (KBSR) reported diluted earnings per share of -$0.53 for fiscal year 2025. This represents a -657.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, KBS REAL EST INVT TR III (KBSR) had $23.7M in cash and equivalents against $1.3B in long-term debt.

KBS REAL EST INVT TR III (KBSR) had a net profit margin of -31.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

KBS REAL EST INVT TR III (KBSR) has a return on equity of -44.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

KBS REAL EST INVT TR III (KBSR) recorded an outflow of $6.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

KBS REAL EST INVT TR III (KBSR) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.

KBS REAL EST INVT TR III (KBSR) had 149M shares outstanding as of fiscal year 2025.

KBS REAL EST INVT TR III (KBSR) had a debt-to-equity ratio of 7.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

KBS REAL EST INVT TR III (KBSR) had a return on assets of -5.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

KBS REAL EST INVT TR III (KBSR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $133.7M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

KBS REAL EST INVT TR III (KBSR) trades at 0.6x sales, its market capitalization divided by revenue of $234.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $133.7M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

KBS REAL EST INVT TR III (KBSR) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

KBS REAL EST INVT TR III (KBSR) reported a net loss of $78.8M while operations used $6.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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