KBS Real Estate Investment Trust III, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 69.3 million compared to USD 68.86 million a year ago. Revenue was USD 80.19 million compared to USD 80.3 million a year ago.

Net loss was USD 66.42 million compared to net income of USD 10.55 million a year ago. Basic loss per share from continuing operations was USD 0.45 compared to basic earnings per share from continuing operations of USD 0.07 a year ago.