Kbs Real Estate Investment Trust Iii, Inc.

$KBSR Market Cap: $14.85 Thousand

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Financial Snapshot

Revenue

$282.3M

TTM

Gross Margin

49.37%

TTM

Net Earnings

-$53.53M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$1.959B

Q3 2024

Total Liabilities

$1.721B

Q3 2024

Book Value

$237.8M

Q3 2024

Cash

$31.52M

Q3 2024

P/E

-0.0002775

Nov 26, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$300.7M	$308.0M	$296.8M	$306.9M	$385.3M	$426.3M	$414.0M	$400.4M	$315.7M	$188.9M	$80.42M	$27.28M	$2.512M
YoY Change	-2.38%	3.79%	-3.31%	-20.34%	-9.62%	2.95%	3.41%	26.83%	67.13%	134.88%	194.77%	986.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$300.7M	$308.0M	$296.8M	$306.9M	$385.3M	$426.3M	$414.0M	$400.4M	$315.7M	$188.9M	$80.42M	$27.28M	$2.512M
Cost Of Revenue	$149.5M	$146.7M	$146.3M	$149.7M	$179.9M	$198.3M	$188.7M	$179.6M
Gross Profit	$151.1M	$161.3M	$150.4M	$157.2M	$205.4M	$227.9M	$225.3M	$220.8M
Gross Profit Margin	50.26%	52.37%	50.69%	51.23%	53.31%	53.48%	54.42%	55.14%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$7.297M	$8.115M	$6.116M	$6.600M	$8.418M	$9.597M	$4.723M	$5.398M
YoY Change	-10.08%	32.68%	-7.33%	-21.6%	-12.29%	103.2%	-12.5%
% of Gross Profit	4.83%	5.03%	4.07%	4.2%	4.1%	4.21%	2.1%	2.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$115.2M	$111.9M	$111.0M	$110.8M	$141.1M	$158.8M	$164.3M	$161.4M	$136.9M	$79.56M	$35.38M	$13.87M	$1.100M
YoY Change	3.02%	0.79%	0.16%	-21.47%	-11.17%	-3.31%	1.81%	17.84%	72.11%	124.88%	155.17%	1160.45%
% of Gross Profit	76.25%	69.34%	73.77%	70.48%	68.7%	69.69%	72.91%	73.08%
Operating Expenses	$122.5M	$120.0M	$117.1M	$117.4M	$149.5M	$168.4M	$169.0M	$166.8M
YoY Change	2.13%	2.46%	-0.26%	-21.48%	-11.23%	-0.34%	1.35%
Operating Profit	$28.60M	$41.35M	$33.34M	$39.82M	$55.88M	$59.50M	$56.33M	$54.04M			$31.16M	$11.60M	$1.299M
YoY Change	-30.82%	24.03%	-16.28%	-28.74%	-6.08%	5.62%	4.25%				168.66%	792.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$120.5M	$60.30M	$29.30M	$81.10M	$114.3M	$72.20M	$55.00M	$51.55M	$45.37M	$27.00M	$9.751M	$3.568M	$300.0K
YoY Change	99.83%	105.8%	-63.87%	-29.05%	58.31%	31.27%	6.68%	13.63%	68.02%	176.93%	173.29%	1089.33%
% of Operating Profit	421.28%	145.84%	87.89%	203.68%	204.55%	121.35%	97.64%	95.41%			31.3%	30.77%	23.09%
Other Income/Expense, Net	-$35.11M	-$95.48M	$139.6M	$48.87M	$328.3M	$16.02M	$52.00K
YoY Change	-63.23%	-168.38%	185.73%	-85.11%	1948.95%	30711.54%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	-$157.5M	-$62.46M	$143.7M	-$12.35M	$261.2M	$3.310M	$1.374M	$763.0K
YoY Change	152.22%	-143.48%	-1263.03%	-104.73%	7790.73%	140.9%	80.08%
Income Tax
% Of Pretax Income
Net Earnings	-$157.5M	-$62.46M	$143.7M	-$12.35M	$261.2M	$3.327M	$1.374M	$763.0K	-$29.02M	-$12.35M	-$21.64M	-$7.682M	-$2.440M
YoY Change	152.22%	-143.48%	-1263.03%	-104.73%	7751.25%	142.14%	80.08%	-102.63%	134.9%	-42.91%	181.66%	214.84%
Net Earnings / Revenue	-52.39%	-20.28%	48.41%	-4.02%	67.8%	0.78%	0.33%	0.19%	-9.19%	-6.54%	-26.9%	-28.16%	-97.13%
Basic Earnings Per Share	-$1.06	-$0.42	$0.83	-$0.10	$1.49
Diluted Earnings Per Share	-$1.06	-$0.42	$0.83	-$0.10	$1.49	$18.73K	$7.585K	$4.238K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$36.84M	$47.77M	$44.40M	$72.52M	$43.98M	$75.02M	$65.49M	$72.07M
YoY Change	-22.88%	7.57%	-38.77%	64.88%	-41.37%	14.56%	-9.13%
Cash & Equivalents	$36.84M	$47.77M	$44.40M	$72.52M	$43.98M	$75.02M	$65.49M	$72.07M
Short-Term Investments
Other Short-Term Assets	$97.97M	$112.4M	$70.01M	$73.26M	$76.65M	$85.65M	$72.23M	$48.36M
YoY Change	-12.85%	60.56%	-4.43%	-4.43%	-10.5%	18.58%	49.35%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$233.8M	$253.3M	$203.3M	$231.8M	$204.1M	$259.1M	$217.0M	$183.9M
YoY Change	-7.68%	24.59%	-12.3%	13.59%	-21.23%	19.38%	18.0%
Property, Plant & Equipment	$1.839B	$1.912B	$1.868B	$2.029B	$2.176B	$3.037B	$2.962B	$2.989B
YoY Change	-3.79%	2.34%	-7.92%	-6.74%	-28.35%	2.51%	-0.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$51.80M	$87.42M	$180.2M	$233.6M	$253.4M	$0.00	$34.00M	$0.00
YoY Change	-40.74%	-51.5%	-22.84%	-7.81%		-100.0%
Other Assets	$14.09M	$6.070M	$2.032M	$9.526M	$5.288M	$1.015M	$1.786M	$1.820M
YoY Change	132.06%	198.72%	-78.67%	80.14%	420.99%	-43.17%	-1.87%
Total Long-Term Assets	$1.906B	$2.006B	$2.051B	$2.273B	$2.435B	$3.042B	$3.004B	$2.999B
YoY Change	-4.99%	-2.2%	-9.75%	-6.67%	-19.95%	1.26%	0.17%
Total Assets	$2.139B	$2.259B	$2.254B	$2.504B	$2.639B	$3.301B	$3.221B	$3.183B
YoY Change
Accounts Payable	$49.65M	$56.07M	$58.32M	$55.81M	$71.38M	$67.27M	$71.01M	$56.21M
YoY Change	-11.46%	-3.86%	4.5%	-21.81%	6.12%	-5.28%	26.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$67.05M	$73.81M	$74.18M	$73.63M	$88.66M	$81.28M	$84.23M	$68.61M
YoY Change	-9.15%	-0.5%	0.76%	-16.95%	9.09%	-3.51%	22.78%
Long-Term Debt	$1.736B	$1.668B	$1.465B	$1.388B	$1.460B	$2.216B	$1.939B	$1.763B
YoY Change	4.07%	13.83%	5.55%	-4.9%	-34.13%	14.29%	10.0%
Other Long-Term Liabilities	$69.02M	$62.83M	$52.06M	$97.57M	$53.38M	$47.95M	$77.24M	$96.08M
YoY Change	9.86%	20.69%	-46.65%	82.81%	11.32%	-37.92%	-19.61%
Total Long-Term Liabilities	$1.805B	$1.731B	$1.517B	$1.486B	$1.513B	$2.264B	$2.016B	$1.859B
YoY Change	4.28%	14.06%	2.12%	-1.81%	-33.16%	12.29%	8.47%
Total Liabilities	$1.872B	$1.805B	$1.592B	$1.560B	$1.602B	$2.346B	$2.101B	$1.928B
YoY Change	3.73%	13.38%	2.06%	-2.66%	-31.7%	11.66%	8.98%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2011
Basic Shares Outstanding	148.7M shares	149.2M shares	172.3M shares	182.8M shares	174.9M shares	3.725M shares
Diluted Shares Outstanding	148.7M shares	149.2M shares	172.3M shares	182.8M shares	174.9M shares	3.725M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $14.852 Thousand

About KBS Real Estate Investment Trust III, Inc.

KBS Real Estate Investment Trust III, Inc. engages in the ownership of a diverse portfolio of real estate investments. The company is headquartered in Newport Beach, California. The company went IPO on 2014-05-23. The firm acquires and manages a diverse portfolio of core real estate properties. The firm conducts its business through KBS Limited Partnership III (the Operating Partnership). The firm'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 firm 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 firm is managed by KBS Capital Advisors LLC.

Industry: Real Estate Investment Trusts Peers: ALEXANDRIA REAL ESTATE EQUITIES, INC. BRANDYWINE REALTY TRUST Veris Residential, Inc. Easterly Government Properties, Inc. FRANKLIN STREET PROPERTIES CORP /MA/ OFFICE PROPERTIES INCOME TRUST Paramount Group, Inc. Piedmont Office Realty Trust, Inc. Orion Office REIT Inc. Postal Realty Trust, Inc.