Filing Flows › KBS Real Estate Investment Trust III (KBSR) › Q2 2025
KBS Real Estate Investment Trust III (KBSR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
KBS Real Estate Investment Trust III (KBSR) reported revenue of $65.4M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +2% from the quarter before. Operating margin was -38.9%, net loss $22.4M (34.3% of revenue).
KBS Real Estate Investment Trust III, Q2 2025: revenue $65.4M (-6% year over year), operating margin -38.9%, net loss $22.4M, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.4M | +2% | -6% |
| Operating profit | −$25.4M | — | — |
| Net earnings | −$22.4M | — | — |
| Operating cash flow | $6.4M | — | +10% |
What changed
Revenue was $65.4M in Q2 2025, down 6% year over year and up 2% from the previous quarter.
Operating costs exceeded revenue by $25.4M, an operating margin of -38.9%. Total costs fell 3% while revenue fell 6%. The quarter ended with a net loss of $22.4M, narrower than the previous quarter's $33.3M loss.
Operating cash flow was $6.4M (up 10% year over year). Non-cash charges added back $25.2M of depreciation and amortization. Working capital and other items added $3.6M. Capital expenditures of $8.2M exceeded it, leaving free cash flow of −$1.9M.
Questions
What was KBS Real Estate Investment Trust III's revenue in the second quarter 2025?
KBS Real Estate Investment Trust III (KBSR) reported revenue of $65.4M for the second quarter 2025 (Q2 2025), -6% from a year earlier and +2% from the quarter before.
Was KBS Real Estate Investment Trust III profitable in the second quarter 2025?
Operating loss was $25.4M (-38.9% of revenue) and net loss $22.4M.
Source: KBS Real Estate Investment Trust III 10-Q on SEC EDGAR.