# KBS REAL ESTATE INVESTMENT TRUST III, INC. (KBSR) · Edgar & Edgarette company card

> Kbs Real Estate Investment Trust Iii (KBSR) saw revenue fall 10.0% in FY2025 to $250 million, equity 11.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1482430 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/KBSR) · [JSON](https://www.pops4.com/boards/company/KBSR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $250M |
| Revenue growth, 1 year | -10.0% |
| Revenue growth per year | -4.2% |
| Operating margin | — |
| Net margin | -31.5% |
| Operating cash flow | −$6M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $24M |
| Long-term debt | $1.3B |
| Total assets | $1.6B |
| Total equity | $178M |
| Equity ÷ assets | 11.4% |
| Return on equity | -44.3% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · operating cash flow was negative
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $250.0M (FY2025), total debt $1.3B. Experience: revenue down 10.0% on the year, down 4.2% a year over 4 years. Soundness: equity 11.4% of assets, return on equity -44.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $195.3M and $258.1M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $182.0M to $277.7M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth -10.0% against 3.7%.

Range logged 2026-09-24, receipt 676eedae3edeac1b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-11-05 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000044/0001482430-26-000044-index.htm)
- 8-K · filed 2026-10-01 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000041/0001482430-26-000041-index.htm)
- DEF 14A · filed 2026-09-22 · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000037/0001482430-26-000037-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000026/0001482430-26-000026-index.htm)
- 10-Q · filed 2026-05-14 · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000021/0001482430-26-000021-index.htm)
- 8-K · filed 2026-04-08 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation · [filing](https://www.sec.gov/Archives/edgar/data/1482430/000148243026000016/0001482430-26-000016-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001482430.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1482430

## Cite

POPS4, Edgar & Edgarette: KBS REAL ESTATE INVESTMENT TRUST III, INC. (KBSR) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/KBSR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.