Company: KBSR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001482430-25-000042
Chunk: 2

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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023)Gain from extinguishment of debt— — — 56,372 Gain on sale of real estate, net— — — 14,781 Other interest income152 352 336 682 Total other income (loss), net3,001 (4,159)(2,038)47,812 Net (loss) income$(22,449)$(28,619)$(55,721)$8,955 Net (loss) income per common share, basic and diluted$(0.15)$(0.19)$(0.38)$0.06 Weighted-average number of common shares outstanding, basic and diluted148,516,246 148,516,246 148,516,246 148,516,246 

See accompanying condensed notes to consolidated financial statements.

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Table of ContentsPART I. FINANCIAL INFORMATION (CONTINUED)Item 1.  Financial Statements (continued)

KBS REAL ESTATE INVESTMENT TRUST III, INC.

CONSOLIDATED STATEMENTS OF EQUITY

For the Three Months Ended June 30, 2025 and 2024 (unaudited)

(dollars in thousands)

 Common StockAdditional Paid-in CapitalCumulative Distributions in Excess of Net IncomeTotal Stockholders’ Equity SharesAmountsBalance, March 31, 2025148,516,246 $1,485 $1,313,297 $(1,091,495)$223,287 Net loss— — — (22,449)(22,449)Balance, June 30, 2025148,516,246 $1,485 $1,313,297 $(1,113,944)$200,838 

 Common StockAdditional Paid-in CapitalCumulative Distributions in Excess of Net IncomeTotal Stockholders’ Equity SharesAmountsBalance, March 31, 2024148,516,246 $1,485 $1,313,297 $(1,009,798)$304,984 Net loss— — — (28,619)(28,619)Balance, June 30, 2024148,516,246 $1,485 $1,313,297 $(1,038,417)$276,365 

See accompanying condensed notes to consolidated financial statements.

4

Table of ContentsPART I. FINANCIAL INFORMATION (