$KBSR
KBS Real Estate Investment Trust III, Inc.

2011 Q4 Form 10-Q Financial Statement

#000148243011000039 Filed on November 07, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3
Revenue $2.284M $212.0K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $184.0K
YoY Change
Interest Expense $3.000K
YoY Change
% of Operating Profit 1.63%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$845.0K -$1.032M
YoY Change
Net Earnings / Revenue -37.0% -486.79%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 7.682M shares 4.783M shares
Diluted Shares Outstanding 4.783M shares

Balance Sheet

Concept 2011 Q4 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $37.18M $15.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $130.9M $73.54M
YoY Change 65329.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $45.85M $19.91M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $105.0K $66.24K
YoY Change 10400.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.27M $53.40M
YoY Change
Total Liabilities & Shareholders Equity $130.9M $73.54M
YoY Change 65329.0%

Cashflow Statement

Concept 2011 Q4 2011 Q3
OPERATING ACTIVITIES
Net Income -$845.0K -$1.032M
YoY Change
Depreciation, Depletion And Amortization $90.00K
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
825267 USD
CY2010Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
0 USD
CY2011Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
61627 USD
CY2010Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 USD
CY2010Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
0 USD
CY2011Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
2416042 USD
CY2011Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
55746055 USD
CY2010Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
199800 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
-3936154 USD
CY2011Q3 us-gaap Asset Management Costs
AssetManagementCosts
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us-gaap Asset Management Costs
AssetManagementCosts
21302 USD
CY2010Q4 us-gaap Assets
Assets
200000 USD
CY2011Q3 us-gaap Assets
Assets
73539335 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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200000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15025677 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
14825677 USD
CY2011Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.164
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2011Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q3 us-gaap Common Stock Shares Authorized
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1000000000 shares
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2011Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2010Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2011Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6623513 shares
CY2011Q3 us-gaap Common Stock Value
CommonStockValue
66235 USD
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
200 USD
us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
2212 USD
CY2011Q3 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
612 USD
us-gaap Costs And Expenses
CostsAndExpenses
1834406 USD
CY2011Q3 us-gaap Costs And Expenses
CostsAndExpenses
1251656 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89645 USD
CY2011Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89645 USD
us-gaap Dividends Common Stock
DividendsCommonStock
-819799 USD
CY2011Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
322485 USD
CY2010Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2011Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
516346 USD
CY2010Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.22
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.74
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
972120 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
392365 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
824352 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-61627 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
497314 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-267587 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
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202426 USD
us-gaap Interest Expense
InterestExpense
2523 USD
CY2011Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
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CY2011Q3 us-gaap Interest Expense
InterestExpense
2523 USD
CY2010Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
0 USD
CY2011Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
37943918 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
10107 USD
CY2011Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
7354 USD
CY2011Q3 us-gaap Land
Land
2850000 USD
CY2010Q4 us-gaap Land
Land
0 USD
CY2011Q3 us-gaap Liabilities
Liabilities
19914098 USD
CY2010Q4 us-gaap Liabilities
Liabilities
0 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
200000 USD
CY2011Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
73539335 USD
CY2011Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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9881927 USD
CY2010Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
73394382 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58055469 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-513236 USD
us-gaap Net Income Loss
NetIncomeLoss
-1596243 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-1032413 USD
CY2010Q4 us-gaap Notes Payable
NotesPayable
0 USD
CY2011Q3 us-gaap Notes Payable
NotesPayable
18250000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
15951 USD
CY2011Q3 us-gaap Operating Leases Income Statement Lease Revenue
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15951 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
800100 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
268325 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
218615 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3917122 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
9882837 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
47372532 USD
CY2010Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2010Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2011Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2011Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2010Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2010Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2011Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2010Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65466633 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
18250000 USD
CY2011Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
89645 USD
CY2010Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
0 USD
CY2011Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
47373447 USD
CY2010Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
0 USD
CY2010Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
0 USD
CY2011Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
47283802 USD
CY2011Q3 us-gaap Real Estate Taxes And Insurance
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us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
4596 USD
CY2011Q3 us-gaap Revenues
Revenues
211889 USD
us-gaap Revenues
Revenues
228056 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
200000 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2011Q3 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
228989 USD
CY2010Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
0 USD
CY2011Q3 us-gaap Tenant Reimbursements
TenantReimbursements
9679 USD
us-gaap Tenant Reimbursements
TenantReimbursements
9679 USD
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4783440 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2152211 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
-228989 USD
kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
-5918189 USD
CY2010Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
0 USD
CY2011Q3 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
1286302 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
228989 USD
kbsriii Noncash Increase In Other Offering Costs Due To Affiliates
NoncashIncreaseInOtherOfferingCostsDueToAffiliates
19032 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
322485 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
910 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
5918189 USD
CY2011Q3 kbsriii Real Estate Acquisition Fees And Expenses
RealEstateAcquisitionFeesAndExpenses
265627 USD
kbsriii Real Estate Acquisition Fees And Expenses
RealEstateAcquisitionFeesAndExpenses
265627 USD
CY2011Q3 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
476381 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
476381 USD
CY2010Q4 kbsriii Tenant Origination And Absorption Costs
TenantOriginationAndAbsorptionCosts
0 USD
CY2011Q3 kbsriii Tenant Origination And Absorption Costs
TenantOriginationAndAbsorptionCosts
6579529 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7681538 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
KBS Real Estate Investment Trust III, Inc.

Files In Submission

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