Filing Flows › KBS Real Estate Investment Trust III (KBSR) › Q1 2026
KBS Real Estate Investment Trust III (KBSR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
KBS Real Estate Investment Trust III (KBSR) reported revenue of $58.4M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -0.3% from the quarter before. Operating margin was -49.2%, net loss $12.0M (20.6% of revenue).
KBS Real Estate Investment Trust III, Q1 2026: revenue $58.4M (-9% year over year), operating margin -49.2%, net loss $12.0M, operating cash flow $16.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.4M | -0.3% | -9% |
| Operating profit | −$28.7M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | $16.7M | — | — |
| Free cash flow | $11.4M | — | — |
What changed
Revenue was $58.4M in Q1 2026, down 9% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $28.7M, an operating margin of -49.2%. Total costs fell 6% while revenue fell 9%. The quarter ended with a net loss of $12.0M, narrower than the previous quarter's $18.9M loss. Non-operating items added $16.7M, -138% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $16.7M. Non-cash charges added back $21.2M of depreciation and amortization. Working capital and other items added $7.5M. Capital expenditures of $5.3M left free cash flow of $11.4M.
Questions
What was KBS Real Estate Investment Trust III's revenue in the first quarter 2026?
KBS Real Estate Investment Trust III (KBSR) reported revenue of $58.4M for the first quarter 2026 (Q1 2026), -9% from a year earlier and -0.3% from the quarter before.
Was KBS Real Estate Investment Trust III profitable in the first quarter 2026?
Operating loss was $28.7M (-49.2% of revenue) and net loss $12.0M.
Source: KBS Real Estate Investment Trust III 10-Q on SEC EDGAR.