Here are the 10-Q quarterly reports from Pacific Oak Strategic OPP (PCOK) in our archive since June 2025, 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 PCOK 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 PCOK filings page.
Pacific Oak Strategic Opportunity REIT, Inc. reported a larger Q3 loss and raised going concern doubts. For the quarter ended September 30, 2025, total revenues were $28.5 million and net loss was $119.9 million, driven by $76.8 million of real estate impairments and higher foreign currency losses. Year-to-date, the company recorded a $247.2 million net loss, including $128.8 million of impairments.
The balance sheet shifted to a deficit: total assets were $884.8 million, liabilities were $976.4 million, and total (deficit) equity was $(91.6) million. Notes and bonds payable totaled $877.0 million in principal, with $568.1 million scheduled from October–December 2025 and $308.9 million in 2026. The company disclosed multiple technical defaults and covenant breaches and is negotiating under a standstill with Israeli bondholders after its Series B and D bonds were downgraded to ilB, creating an event of default and potential acceleration rights.
Operationally, occupancy in office assets was 66%, residential homes 92%, and the apartment property 86%. The company sold Georgia 400 Center for $39.1 million, recognizing a $7.6 million loss and repaying $39.5 million of related debt. As of November 12, 2025, common shares outstanding were 102,951,395.