KBS REIT III Q2 FY26 net loss widens to USD 39.46 million; revenue falls 14.4% to USD 55.97 million
KBSR•Portfolio and balance-sheet update
- The portfolio held 11 office properties at 77.0% occupancy.
- Management flagged USD 1.2 billion of debt maturities and paydowns within 12 months.
Quarterly results and operating drivers
- KBS Real Estate Investment Trust III posted a GAAP net loss of USD 39.46 million, widening from USD 22.45 million a year earlier.
- Revenue fell 14.4% to USD 55.97 million, reflecting lower rental income of USD 52 million.
- Non-cash impairment charges totaled USD 17.75 million, contributing to the larger loss.
- Interest expense narrowed to USD 24.38 million from USD 30.51 million.
