Pacific Oak Strategic Opportunity REIT, Inc. has filed an 8-K report disclosing the interim financial results of its wholly-owned subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd., as of June 30, 2026. The filing includes consolidated and separate financial statements prepared in accordance with International Financial Reporting Standards (IFRS).
According to the unaudited interim condensed consolidated financial statements, the BVI subsidiary reported a net loss of $118.8 million for the six months ended June 30, 2026. This compares to a net loss of $158.2 million for the same period in the prior year. The subsidiary’s total assets were reported at $905.8 million as of June 30, 2026, down from $1.34 billion at the end of 2025. Total liabilities were reported at $943.8 million as of June 30, 2026, resulting in a total deficit equity of $37.99 million.
The subsidiary operates in the investment real estate segment in the United States, with three reporting segments: strategic opportunistic properties, residential homes, and hotels. As of June 30, 2026, the company consolidated five office complexes encompassing approximately 1.8 million rentable square feet, with a 61% occupancy rate.
The filing also details the subsidiary’s cash flows. Net cash used in operating activities was $3.6 million for the six months ended June 30, 2026. Net cash provided by investing activities was $22.7 million, driven largely by proceeds from the sale of investment properties. Net cash used in financing activities was $14.6 million, primarily due to principal payments on notes and bonds payable.
