Company: KBSR
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001482430-25-000021
Chunk: 40

Company: KBS Real Estate Investment Trust III, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 15
Chunk 40
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 other income (loss), net99,467 (35,109)(95,477)Net loss$(10,851)$(157,533)$(62,458)Net loss per common share, basic and diluted$(0.07)$(1.06)$(0.42)Weighted-average number of common shares outstanding, basic and diluted148,516,246 148,738,748 149,164,231 

See accompanying notes to consolidated financial statements.

F-5

KBS REAL ESTATE INVESTMENT TRUST III, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(dollars in thousands)

 Common StockAdditional Paid-in CapitalCumulative Distributions in Excess of Net IncomeTotal Stockholders’ Equity SharesAmountsBalance, December 31, 2021153,150,766 $1,532 $1,322,613 $(703,952)$620,193 Net loss— — — (62,458)(62,458)Issuance of common stock3,434,632 34 33,357 — 33,391 Transfers from redeemable common stock— — 8,977 — 8,977 Redemptions of common stock(8,620,444)(86)(89,097)— (89,183)Distributions declared— — — (89,235)(89,235)Other offering costs— — (17)— (17)Balance, December 31, 2022147,964,954 $1,480 $1,275,833 $(855,645)$421,668 Net loss— — — (157,533)(157,533)Issuance of common stock1,900,374 19 16,230 — 16,249 Transfers from redeemable common stock— — 33,392 — 33,392 Redemptions of common stock(1,349,082)(14)(12,128)— (12,142)Distributions declared— — — (34,194)(34,194)Other offering costs— — (28)— (28)Balance, December 31, 2023148,516,246 $1,485 $1,313,299 $(1,047,372)$267,412 Net loss— —