• KBS Real Estate Investment Trust III published its annual report (Form 10-K) reporting a net loss attributable to common stockholders of USD 78.8 million.
• Rental income fell 10% to USD 232.2 million, primarily due to property sales and a deed-in-lieu of foreclosure transaction, as well as lower property tax recoveries from successful tax appeals.
• Interest expense decreased 10% to USD 114.3 million, driven mainly by loan paydowns tied to property sales and debt forgiveness in the deed-in-lieu transaction, partly offset by higher interest rate spreads following refinancings.
• Non-cash impairment charges on real estate rose to USD 65.5 million, reflecting write-downs at The Almaden, Towers at Emeryville, and 60 South Sixth amid softer office market conditions and higher cap and discount rates.
• Management said substantial doubt exists about the REIT’s ability to continue as a going concern, citing USD 1.3 billion of debt outstanding with a 0.5-year weighted-average remaining term and USD 1.3 billion of maturities and required principal paydowns over the next 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KBS Real Estate Investment Trust III Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001482430-26-000014), on March 27, 2026, and is solely responsible for the information contained therein.