KBS REIT III board sets estimated NAV at $2.70 per share, down 31% from $3.89

KBS Real Estate Investment Trust III, Inc.

Estimated value per share of $2.70, down 31% from $3.89 one year ago.
Real estate property values fell from $14.51 to $10.98 per share, driven by office sector headwinds.
Prime US REIT stake valued at $39.1M as of Nov 14, 2025; ownership reduced to 16.5% after private placement.
Appraised value of 12 office properties $1.6B, down from $1.7B acquisition cost plus $711.6M improvements.
Debt per share decreased from $10.69 to $8.63 due to property sales and paydowns.

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