$KBSR
KBS Real Estate Investment Trust III, Inc.

2011 Form 10-K Financial Statement

#000148243012000012 Filed on March 13, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4
Revenue $2.512M
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 $1.100M
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $1.299M
YoY Change
Interest Expense $300.0K
YoY Change
% of Operating Profit 23.09%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$2.440M
YoY Change
Net Earnings / Revenue -97.13%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 3.725M shares
Diluted Shares Outstanding 3.725M shares

Balance Sheet

Concept 2011 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $200.0K
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 $200.0K
YoY Change
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 $0.00
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $200.0K
YoY Change
Total Liabilities & Shareholders Equity $200.0K
YoY Change

Cashflow Statement

Concept 2011 2010 Q4
OPERATING ACTIVITIES
Net Income -$2.440M
YoY Change
Depreciation, Depletion And Amortization $1.100M
YoY Change
Cash From Operating Activities $724.0K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$93.53M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$103.3M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $129.8M
YoY Change
NET CHANGE
Cash From Operating Activities $724.0K
Cash From Investing Activities -$93.53M
Cash From Financing Activities $129.8M
Net Change In Cash $36.98M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $724.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
0 USD
CY2011Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1920000 USD
CY2010Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 USD
CY2011Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
383000 USD
CY2011Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
4635000 USD
CY2010Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
0 USD
CY2010Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
199000 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
88801000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
5150000 USD
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
71000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
-1000 USD
CY2011 us-gaap Asset Management Costs
AssetManagementCosts
178000 USD
CY2010Q4 us-gaap Assets
Assets
200000 USD
CY2011Q4 us-gaap Assets
Assets
130858000 USD
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37179000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
36979000 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20000 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10468043 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10468043 shares
CY2010Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20000 shares
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
105000 USD
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
1000 USD
CY2011 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
421000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
4967000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1100000 USD
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
2195000 USD
CY2011Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
533000 USD
CY2010Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2010Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
CY2011Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
13000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1386000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1857000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
104000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
833000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
315000 USD
CY2011 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
395000 USD
CY2011 us-gaap Interest Expense
InterestExpense
300000 USD
CY2011 us-gaap Interest Paid
InterestPaid
138000 USD
CY2010Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
0 USD
CY2011Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
63849000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000 USD
CY2011Q4 us-gaap Land
Land
7500000 USD
CY2010Q4 us-gaap Land
Land
0 USD
CY2011Q4 us-gaap Liabilities
Liabilities
45847000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
0 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
130858000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
200000 USD
CY2010Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
0 USD
CY2011Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
10310000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
129782000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-93527000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
724000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-2440000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
42250000 USD
CY2010Q4 us-gaap Notes Payable
NotesPayable
0 USD
CY2010Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
0 USD
CY2011Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
298000 USD
CY2011 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1426000 USD
CY2010Q4 us-gaap Other Liabilities
OtherLiabilities
0 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
833000 USD
CY2011 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
128000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
922000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
312000 USD
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5090000 USD
CY2011 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
10312000 USD
CY2011 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
83087000 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2010Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2010Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2010Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2010Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
103290000 USD
CY2011 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
42250000 USD
CY2010Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
0 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1100000 USD
CY2010Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
0 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
83429000 USD
CY2010Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
0 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
82329000 USD
CY2011 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
314000 USD
CY2011 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
279000 USD
CY2011 us-gaap Revenues
Revenues
2512000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
104030000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
200000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
84271000 USD
CY2011Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
740000 USD
CY2010Q4 us-gaap Temporary Equity Carrying Amount
TemporaryEquityCarryingAmount
0 USD
CY2011 us-gaap Tenant Reimbursements
TenantReimbursements
691000 USD
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3724745 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3724745 shares
CY2011Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
101000 USD
CY2010Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
0 USD
CY2011 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
740000 USD
CY2011 kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
9434000 USD
CY2011Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
556000 USD
CY2010Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
0 USD
CY2011 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
740000 USD
CY2011 kbsriii Net Income Loss Income Per Common Share Basic And Diluted
NetIncomeLossIncomePerCommonShareBasicAndDiluted
-0.66
CY2011 kbsriii Net Loss
NetLoss
-2440000 USD
CY2011 kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
60000 USD
CY2011 kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
533000 USD
CY2011 kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
2000 USD
CY2011 kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
9434000 USD
CY2011 kbsriii Real Estate Acquisition Fees And Expenses
RealEstateAcquisitionFeesAndExpenses
432000 USD
CY2011 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
836000 USD
CY2010Q4 kbsriii Real Estate And Real Estate Related Investments Net
RealEstateAndRealEstateRelatedInvestmentsNet
0 USD
CY2011Q4 kbsriii Real Estate And Real Estate Related Investments Net
RealEstateAndRealEstateRelatedInvestmentsNet
92639000 USD
CY2010Q4 kbsriii Tenant Origination And Absorption Costs
TenantOriginationAndAbsorptionCosts
0 USD
CY2011Q4 kbsriii Tenant Origination And Absorption Costs
TenantOriginationAndAbsorptionCosts
12080000 USD
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13617815 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q2 dei Entity Public Float
EntityPublicFloat
0 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
KBS Real Estate Investment Trust III, Inc.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0001482430-12-000012-index-headers.html Edgar Link pending
0001482430-12-000012-index.html Edgar Link pending
0001482430-12-000012.txt Edgar Link pending
0001482430-12-000012-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
kbsriii-20111231.xml Edgar Link completed
kbsriii-20111231.xsd Edgar Link pending
kbsriii-20111231_cal.xml Edgar Link unprocessable
kbsriii-20111231_def.xml Edgar Link unprocessable
kbsriii-20111231_lab.xml Edgar Link unprocessable
kbsriii-20111231_pre.xml Edgar Link unprocessable
kbsriii10k2011.htm Edgar Link pending
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report.css Edgar Link pending
riiiq42011exhibit211.htm Edgar Link pending
riiiq42011exhibit311.htm Edgar Link pending
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riiiq42011exhibit322.htm Edgar Link pending
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