Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 4

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7A
Chunk 4
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 of the SREIT as of that date.  As of December 31, 2024, the aggregate value of our investment in the units of the SREIT was $40.6 million, which was based solely on the closing price of the SREIT units on the SGX-ST of $0.171 per unit as of December 31, 2024, and did not take into account any potential discount for the holding period risk due to the quantity of units held by us relative to the normal level of trading volume in the units.  This is a decrease of $0.709 per unit from our initial acquisition of the SREIT units at $0.880 per unit on July 19, 2019.  Due to the disruptions in the financial markets, since early March 2020, the trading price of the common units of the SREIT has experienced substantial volatility.  The trading price of the common units of the SREIT has been significantly impacted by the market sentiment for stock with significant investment in U.S. commercial office buildings. Based solely on the closing price per unit of the SREIT units as of December 31, 2024, if prices were to increase or decrease by 10%, our net income would increase or decrease by approximately $4.1 million.

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