Filing Flows › KBS Real Estate Investment Trust III (KBSR) › Q1 2025
KBS Real Estate Investment Trust III (KBSR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
KBS Real Estate Investment Trust III (KBSR) reported revenue of $64.4M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -7% from the quarter before. Operating margin was -43.8%, net loss $33.3M (51.7% of revenue).
KBS Real Estate Investment Trust III, Q1 2025: revenue $64.4M (-8% year over year), operating margin -43.8%, net loss $33.3M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.4M | -7% | -8% |
| Operating profit | −$28.2M | — | — |
| Net earnings | −$33.3M | -278% | — |
| Operating cash flow | −$5.7M | -793% | — |
What changed
Revenue was $64.4M in Q1 2025, down 8% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $28.2M, an operating margin of -43.8%. Total costs grew 9% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $33.3M, after a profit of $18.7M the previous quarter.
Operating cash flow was −$5.7M. Non-cash charges added back $26.4M of depreciation and amortization. Working capital and other items added $1.2M. Capital expenditures of $4.4M exceeded it, leaving free cash flow of −$10.1M.
Questions
What was KBS Real Estate Investment Trust III's revenue in the first quarter 2025?
KBS Real Estate Investment Trust III (KBSR) reported revenue of $64.4M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -7% from the quarter before.
Was KBS Real Estate Investment Trust III profitable in the first quarter 2025?
Operating loss was $28.2M (-43.8% of revenue) and net loss $33.3M.
Source: KBS Real Estate Investment Trust III 10-Q on SEC EDGAR.