| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -59,875 | -55,721 |
| Depreciation and amortization | 74,802 | 51,599 |
| Impairment charges on real estate | 65,475 | - |
| Unrealized (gain) loss on real estate equity securities | 6,173 | -2,374 |
| Deferred rents | 5,200 | 4,113 |
| Amortization of above- and below-market leases, net | -199 | -151 |
| Amortization of deferred financing costs | 9,216 | 5,895 |
| Unrealized loss on derivative instruments | -8,435 | -6,258 |
| Gains related to swap terminations | 0 | 0 |
| Interest rate swap settlement for early terminated swaps | 0 | 0 |
| Gain from extinguishment of debt | 0 | 0 |
| Gain on sale of real estate | 77,401 | 0 |
| Rents and other receivables | -821 | -2,266 |
| Prepaid expenses and other assets | 5,095 | 3,787 |
| Accounts payable and accrued liabilities | -2,441 | -4,943 |
| Due to affiliate | 634 | 346 |
| Other liabilities | 490 | 620 |
| Net cash provided by operating activities | 3,489 | 643 |
| Improvements to real estate | 18,511 | 12,671 |
| Proceeds from sale of real estate, net | 220,098 | 0 |
| Net cash provided by investing activities | 201,587 | -12,671 |
| Proceeds from notes payable | 29,222 | 26,816 |
| Principal payments on notes payable | 187,003 | 3,213 |
| Payments of deferred financing costs | 8,904 | 6,281 |
| Restricted cash surrendered from deed-in-lieu of foreclosure | 0 | 0 |
| Payments of prepaid other offering costs | - | 0 |
| Payments of other offering costs | 0 | 0 |
| Net cash used in financing activities | -166,685 | 17,322 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 38,391 | 5,294 |
| Cash and cash equivalents at beginning of period | 41,574 | - |
| Cash and cash equivalents at end of period | 79,965 | - |
KBS Real Estate Investment Trust III, Inc. (KBSR)
KBS Real Estate Investment Trust III, Inc. (KBSR)