Kbs Real Estate Investment Trust Iii, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 10:08 pm
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KBS Real Estate Investment Trust III, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 73.854 million compared to USD 75.971 million a year ago. Net income was USD 88,000 compared to USD 39.508 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.22 a year ago. For the half year, total revenue was USD 148.589 million compared to USD 153.673 million a year ago. Net income was USD 27.511 million compared to net loss of USD 19.395 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.11 a year ago.
KBS Real Estate Investment Trust III, Inc. is a real estate investment trust (REIT). The Company acquires and manages a diverse portfolio of core real estate properties. The Company conducts its business through KBS Limited Partnership III (the Operating Partnership). The Company's primary investment focus was core office properties located throughout the United States, through which the Company invests in other types of properties and real estate-related investments. The Company owns approximately 16 office properties, one mixed-use office/retail property and an investment in the equity securities of a Singapore real estate investment trust (the SREIT). The primary types of office properties the Company intends to invest in include low-rise, mid-rise and high-rise office buildings and office parks in urban and suburban locations. The Company is managed by KBS Capital Advisors LLC.
KBS REAL ESTATE INVESTMENT TRUST III, INC. 
