Every 10-Q that KBS REAL EST INVT TR III (KBSR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KBSR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KBSR filings page.
KBS Real Estate Investment Trust III, Inc. reported weaker results for the six months ended June 30, 2026 while highlighting significant liquidity pressure. Total revenues were $114.4 million and the company recorded a net loss of $51.5 million (basic and diluted loss per share of $0.35). Results were affected by lower rental income, $28.4 million of non-cash impairment charges on two office properties, and $49.4 million of interest expense.
At June 30, 2026, KBS REIT III had total assets of $1.48 billion, including 11 office properties (77.0% occupied) and a $38.2 million equity stake in Prime US REIT, funded largely by $1.25 billion of notes payable. Stockholders’ equity declined to $126.3 million, as cumulative distributions have exceeded net income.
Management disclosed that approximately $1.2 billion of notes payable maturities and required principal paydowns fall within 12 months of issuance of these financial statements. Given elevated interest rates, required asset sales in a challenged U.S. office market, and reliance on lender extensions and refinancings, the company stated that there is substantial doubt about its ability to continue as a going concern, despite current compliance with debt covenants and positive operating cash flow of $16.9 million year-to-date.
KBS Real Estate Investment Trust III reported a quarterly net loss of $12.0 million, or $0.08 per share, for the three months ended March 31, 2026. Total revenues fell to $58.4 million from $64.4 million as rental income declined, reflecting a challenged U.S. office market. Results included a $10.6 million non-cash impairment on one office property and a $6.2 million unrealized loss on its Prime US REIT investment, partly offset by a $22.8 million gain on the sale of an office property.
Operating cash flow improved to $16.7 million from a use of $5.7 million a year earlier, helped by the $50.0 million asset sale. At quarter-end, the company held 11 office properties totaling about 5.4 million square feet, 77.0% occupied, and owned SREIT units valued at $40.6 million.
The balance sheet remains highly leveraged, with $1.25 billion of notes payable outstanding and total assets of $1.52 billion. A disclosed $917.9 million of principal and maturities come due between April 1 and December 31, 2026, and management states that these obligations, combined with weak office and lending conditions, raise substantial doubt about the company’s ability to continue as a going concern. Management is relying on asset sales, loan paydowns, and extensions, but acknowledges key elements of these plans are outside its control.
KBS Real Estate Investment Trust III, Inc. filed its quarterly report for the period ended September 30, 2025, reporting a net loss of $4.2 million for Q3 and $59.9 million for the nine months. Revenue softened as rental income declined year over year, while interest expense remained elevated.
The company recorded $65.5 million of non‑cash impairments on The Almaden, Towers at Emeryville, and 60 South Sixth, reflecting weaker leasing and valuation assumptions in select markets. Offsetting this, KBS REIT III completed two dispositions in July and September, recognizing a $77.4 million gain on sale and generating $220.1 million of net sale proceeds year to date, which supported debt paydowns.
Liquidity included $79.965 million of cash, cash equivalents and restricted cash at quarter end. The portfolio totaled 12 office properties at 77.0% occupancy; Accenture Tower represented 23.6% of total assets and was 90.1% leased. The filing states $790.0 million of debt maturities and required paydowns within 12 months and notes substantial doubt about the ability to continue as a going concern absent successful refinancings, asset sales or other actions. Stockholders’ equity was $196.7 million.