KBS REIT III estimates value per share at $5.60, down 38% from $9.00

KBS Real Estate Investment Trust III, Inc.

Estimated value per share $5.60 as of Dec 12, 2023, a 38% decrease from $9.00 on Sep 28, 2022.
Real estate property values fell $2.53 per share; total property estimated at $2.4B vs. $3.0B cost plus improvements.
Prime US REIT unit investment declined $0.61 per share due to lower closing price on SGX-ST as of Nov 15, 2023.
Bylaws amended to update shareholder nomination procedures to comply with Rule 14a-19.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KBS Real Estate Investment Trust III, Inc.: Amended and restated bylaws to update stockholder nomination procedures related to Rule 14a-19, including certification, representation, information, and nominee limit requirements, effective December 12, 2023 (effective 2023-12-12).

Change: bylaw amendment
Effective: 2023-12-12

Exact text from the filing

On December 12, 2023, KBS Real Estate Investment Trust III, Inc.’s (the “Company”) board of directors amended and restated the Company’s bylaws effective as of December 12, 2023 (the “Fourth Amended and Restated Bylaws”).

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KBS Real Estate Investment Trust III, Inc. filing history →

Source: SEC EDGAR

accession 0001482430-23-000065

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