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KBS Real Estate Investment Trust III cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$7.5M in Q2 2026 · −$14.9M over twelve months

Operating cash flow$190K
Capital spending−$7.7M
Free cash flow−$7.5M

Analysis

In Q2 2026, KBS Real Estate Investment Trust III generated $190K of operating cash flow and spent $7.7M on capital projects, leaving free cash flow of −$7.5M. That is $5.6M less than in Q2 2025 (−$1.9M).

Over the twelve months to Jun 30, 2026, operating cash flow was $10.1M; the largest uses were net borrowing (+) / repaid (−) ($228M), capital spending ($25.1M), other financing ($6.0M); besides operations, cash came from asset & business sales ($269M); the cash balance rose by $19.4M.

Operating cash flow was $190K against net income of −$39.5M. The largest differences: depreciation & amortization +$20.5M, payables −$4.0M, other liabilities +$3.3M.

Free cash flow

KBS Real Estate Investment Trust III: free cash flow by quarterKBS Real Estate Investment Trust III: free cash flow by quarter−$7.3MQ3 2024−$5.1MQ4 2024−$10.1MQ1 2025−$1.9MQ2 2025−$3.0MQ3 2025−$15.8MQ4 2025$11.4MQ1 2026−$7.5MQ2 2026
Operating cash flow less capital spending.
KBS Real Estate Investment Trust III: operating cash flow against capital spendingKBS Real Estate Investment Trust III: operating cash flow against capital spendingOperating cash flowCapital spending−$840K$6.5MQ3 2024$825K$5.9MQ4 2024−$5.7M$4.4MQ1 2025$6.4M$8.2MQ2 2025$2.8M$5.8MQ3 2025−$9.6M$6.2MQ4 2025$16.7M$5.3MQ1 2026$190K$7.7MQ2 2026
Latest (Q2 2026): Operating cash flow $190K, Capital spending $7.7M.

Capital allocation, year by year

KBS Real Estate Investment Trust III: where the cash came from (up) and went (down), by fiscal yearKBS Real Estate Investment Trust III: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $101MFY2021: Net borrowing $75.5MFY2021: Asset sales $238MFY2021: Capital spending −$70.1MFY2021: Buybacks −$366MFY2021: Dividends −$61.7M$414MFY2021FY2022: Operating cash flow $76.0MFY2022: Net borrowing $199MFY2022: Capital spending −$122MFY2022: Buybacks −$89.2MFY2022: Dividends −$56.2M$275MFY2022FY2023: Operating cash flow $41.6MFY2023: Net borrowing $74.2MFY2023: Capital spending −$81.2MFY2023: Buybacks −$12.1MFY2023: Dividends −$25.3M$116MFY2023FY2024: Operating cash flow $7.7MFY2024: Net borrowing −$163MFY2024: Asset sales $192MFY2024: Capital spending −$34.5M$200MFY2024FY2025: Operating cash flow −$6.1MFY2025: Net borrowing −$158MFY2025: Asset sales $220MFY2025: Capital spending −$24.8M$220MFY2025
Over these 5 years operating cash flow totalled $220M; the largest uses were buybacks ($467M) and capital spending ($332M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$26.6M
Debt$1.2B
Net debt$1.2B
Due within a year$966M

KBS Real Estate Investment Trust III's operations bring cash in ($10.1M over twelve months), and it spends more than that on capital projects: a gap of $14.9M funded from its $26.6M of cash and investments and from borrowing ($1.2B of debt, $966M due within a year). That is a choice to invest, not a cash runway running down.

KBS Real Estate Investment Trust III: debt maturities by year (FY2025)KBS Real Estate Investment Trust III: debt maturities by year (FY2025)$966MYear 1$328MYear 2
Principal due in each year as disclosed in the annual report, against $26.6M of cash and investments now.

Where the cash came from and went

KBS Real Estate Investment Trust III: sources (+) and uses (−) of cash, Q2 2026KBS Real Estate Investment Trust III: sources (+) and uses (−) of cash, Q2 2026Capital spending−$7.7MCash drawn (+) / kept (−)$7.2MNet borrowing (+) / repaid (−)$1.0MOther financing−$684KOperating cash flow$190KAsset & business sales$7K
KBS Real Estate Investment Trust III: sources (+) and uses (−) of cash, TTM to Q2 2026KBS Real Estate Investment Trust III: sources (+) and uses (−) of cash, TTM to Q2 2026Asset & business sales$269MNet borrowing (+) / repaid (−)−$228MCapital spending−$25.1MCash drawn (+) / kept (−)−$19.4MOperating cash flow$10.1MOther financing−$6.0M

From profit to cash

KBS Real Estate Investment Trust III: net income to operating cash flow, Q2 2026KBS Real Estate Investment Trust III: net income to operating cash flow, Q2 2026Net income−$39.5MDepreciation & amortization$20.5MReceivables−$1.8MPayables−$4.0MPrepaid and other assets−$2.2MOther liabilities$3.3MOperating cash flow$190K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$190K−$7.7M$1.0M$7.2M−$7.5M
Q1 2026$16.7M−$5.3M−$48.0M−$11.2M$11.4M
Q4 2025−$9.6M−$6.2M−$1.7M$17.7M−$15.8M
Q3 2025$2.8M−$5.8M−$184M−$33.1M−$3.0M
Q2 2025$6.4M−$8.2M$6.5M−$2.5M−$1.9M
Q1 2025−$5.7M−$4.4M$17.1M−$2.8M−$10.1M
Q4 2024$825K−$5.9M−$140M$4.5M−$5.1M
Q3 2024−$840K−$6.5M−$394K$7.5M−$7.3M

KBS Real Estate Investment Trust III: income statement and cash flow

KBS Real Estate Investment Trust III, Q2 2026: revenue $56.0M (-14% year over year), operating margin -66.4%. The chart follows the revenue to costs, profit and cash.

KBS Real Estate Investment Trust III: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.