$KBSR
KBS Real Estate Investment Trust III, Inc.

2012 Q2 Form 10-Q Financial Statement

#000148243012000070 Filed on August 10, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $7.217M $16.00K
YoY Change 45006.25%
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 $4.018M $0.00
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $3.009M $13.00K
YoY Change 23046.15%
Interest Expense $1.281M $0.00
YoY Change
% of Operating Profit 42.57% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$2.759M -$278.0K
YoY Change 892.45%
Net Earnings / Revenue -38.23% -1737.5%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 17.59M shares 1.570M shares
Diluted Shares Outstanding 17.59M shares 1.570M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.59M $15.44M
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 $297.8M $25.20M
YoY Change 1081.61%
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 $141.5M $223.1K
YoY Change 63314.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $196.0K $30.21K
YoY Change 548.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $154.1M $24.98M
YoY Change
Total Liabilities & Shareholders Equity $297.8M $25.20M
YoY Change 1081.61%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income -$2.759M -$278.0K
YoY Change 892.45%
Depreciation, Depletion And Amortization $4.018M $0.00
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
CY2011Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1920000 USD
CY2012Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4010000 USD
CY2011Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
383000 USD
CY2012Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1627000 USD
CY2012Q2 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
14403000 USD
CY2011Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
4635000 USD
CY2012Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
168262000 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
88801000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
2049000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
5150000 USD
us-gaap Administrative Fees Amount Paid
AdministrativeFeesAmountPaid
36000 USD
CY2012Q2 us-gaap Administrative Fees Amount Paid
AdministrativeFeesAmountPaid
21000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
11000 USD
CY2011Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
0 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
0 USD
CY2012Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
5000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
416000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
-159000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2012Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
1207840 sqft
CY2011Q2 us-gaap Asset Management Costs
AssetManagementCosts
1000 USD
CY2012Q2 us-gaap Asset Management Costs
AssetManagementCosts
472000 USD
us-gaap Asset Management Costs
AssetManagementCosts
659000 USD
us-gaap Asset Management Costs
AssetManagementCosts
1000 USD
CY2011Q4 us-gaap Assets
Assets
130858000 USD
CY2012Q2 us-gaap Assets
Assets
297773000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Net
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182808000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Land
BusinessAcquisitionPurchasePriceAllocationLand
22828000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1063000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2523000 USD
CY2012Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2139000 USD
CY2011Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-689000 USD
CY2012Q2 us-gaap Business Acquisitions Pro Forma Revenue
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7786000 USD
us-gaap Business Acquisitions Pro Forma Revenue
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15830000 USD
us-gaap Business Acquisitions Pro Forma Revenue
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CY2011Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
4665000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2011Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2012Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
563000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
882000 USD
us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
2000000 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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4700000 USD
us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
2700000 USD
CY2012Q2 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
1300000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
494000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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37179000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17585000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15437000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
15237000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-19594000 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.012
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.322
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.162
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.012
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Common Stock Shares Authorized
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CommonStockSharesAuthorized
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CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2011Q4 us-gaap Common Stock Shares Issued
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CommonStockSharesOutstanding
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CY2012Q2 us-gaap Common Stock Value
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us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
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CY2011Q2 us-gaap Cost Of Real Estate Revenue
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2000 USD
us-gaap Cost Of Real Estate Revenue
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1963000 USD
us-gaap Cost Of Real Estate Revenue
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2000 USD
CY2012Q2 us-gaap Cost Of Real Estate Revenue
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1487000 USD
us-gaap Costs And Expenses
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583000 USD
CY2011Q2 us-gaap Costs And Expenses
CostsAndExpenses
297000 USD
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
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us-gaap Costs And Expenses
CostsAndExpenses
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CY2012Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
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CY2011Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5487000 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Dividends Common Stock
DividendsCommonStock
4876000 USD
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2012Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1200000 USD
CY2011Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
300000 USD
CY2011Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 USD
CY2012Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4018000 USD
CY2011 us-gaap Dividends Common Stock
DividendsCommonStock
2195000 USD
CY2011Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
533000 USD
CY2012Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1016000 USD
CY2011Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
13000 USD
CY2012Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
0 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.69
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2011Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
294000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
580000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1059000 USD
CY2012Q2 us-gaap General And Administrative Expense
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456000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1293000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
135000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
299000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
5000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
0 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
0 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1027000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
571000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
45000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
16000 USD
CY2011Q2 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
16000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
424000 USD
CY2012Q2 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
219000 USD
CY2011Q2 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
16000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
16000 USD
CY2012Q2 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
214000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
413000 USD
us-gaap Interest Expense
InterestExpense
1650000 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
1281000 USD
us-gaap Interest Paid
InterestPaid
985000 USD
us-gaap Interest Paid
InterestPaid
0 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
100000 USD
CY2012Q2 us-gaap Interest Payable Current
InterestPayableCurrent
300000 USD
CY2011Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
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CY2012Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
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us-gaap Investment Income Interest
InvestmentIncomeInterest
16000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
3000 USD
CY2011Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
3000 USD
CY2012Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
5000 USD
CY2011Q4 us-gaap Land
Land
7500000 USD
CY2012Q2 us-gaap Land
Land
30328000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
45847000 USD
CY2012Q2 us-gaap Liabilities
Liabilities
141504000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
130858000 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
297773000 USD
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
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0.001
us-gaap Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
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0.999
CY2012Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
74000000 USD
CY2011Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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10310000 USD
CY2012Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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11833000 USD
CY2011Q4 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
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10196000 USD
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11730000 USD
us-gaap Mortgage Loans On Real Estate Other Additions
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1534000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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25424000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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163629000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-9718000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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1368000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2012Q2 us-gaap Net Income Loss
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-2759000 USD
CY2011Q2 us-gaap Net Income Loss
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-278000 USD
us-gaap Net Income Loss
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-4892000 USD
us-gaap Net Income Loss
NetIncomeLoss
-564000 USD
CY2011 us-gaap Net Income Loss
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CY2011Q4 us-gaap Notes Payable
NotesPayable
42250000 USD
CY2012Q2 us-gaap Notes Payable
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130600000 USD
us-gaap Number Of Reportable Segments
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CY2012Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
4018000 USD
CY2011Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
298000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
13000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
4414000 USD
CY2011Q2 us-gaap Operating Income Loss
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13000 USD
CY2012Q2 us-gaap Operating Income Loss
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CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable
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CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
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CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
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CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
21186000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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23186000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
24342000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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CY2012Q2 us-gaap Operating Leases Income Statement Lease Revenue
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5850000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
7633000 USD
CY2011Q2 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
0 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
0 USD
CY2011Q4 us-gaap Other Liabilities
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833000 USD
CY2012Q2 us-gaap Other Liabilities
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1860000 USD
CY2012Q2 us-gaap Other Real Estate Revenue
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12000 USD
CY2011Q2 us-gaap Other Real Estate Revenue
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0 USD
us-gaap Other Real Estate Revenue
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12000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
0 USD
us-gaap Payments For Capital Improvements
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0 USD
us-gaap Payments For Capital Improvements
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249000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
503000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
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0 USD
us-gaap Payments Of Dividends Common Stock
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2416000 USD
us-gaap Payments Of Financing Costs
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0 USD
us-gaap Payments Of Financing Costs
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1543000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1740000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1860000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
9718000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
0 USD
us-gaap Payments To Acquire Real Estate
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182808000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Value
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0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Common Stock
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29855000 USD
us-gaap Proceeds From Issuance Of Common Stock
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89947000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
88350000 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1100000 USD
CY2012Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
6507000 USD
CY2012Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
270225000 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
83429000 USD
CY2012Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
263718000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
82329000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
0 USD
CY2012Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
996000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
1429000 USD
CY2011Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
0 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
945000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
0 USD
CY2011Q2 us-gaap Revenues
Revenues
16000 USD
us-gaap Revenues
Revenues
16000 USD
CY2012Q2 us-gaap Revenues
Revenues
7217000 USD
us-gaap Revenues
Revenues
10057000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
2700000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
104030000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
91924000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
196000000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
503000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
500000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
84271000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
154055000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
200000 USD
CY2012Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
2214000 USD
CY2011Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
740000 USD
CY2012Q2 us-gaap Tenant Reimbursements
TenantReimbursements
1141000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1999000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
0 USD
CY2011Q2 us-gaap Tenant Reimbursements
TenantReimbursements
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements and condensed notes thereto in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates. </font></div></div>
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1570034 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
814791 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15118048 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17586160 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1570034 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
814791 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17586160 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15118048 shares
CY2011Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
9000 USD
CY2012Q2 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
50000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
41000 USD
CY2012Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
31000 USD
CY2012Q2 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
708000 USD
CY2012Q2 kbsriii Above Market Leases Net
AboveMarketLeasesNet
658000 USD
CY2011Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
101000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
1474000 USD
CY2011 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
740000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
-1534000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
0 USD
CY2011Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
110000 USD
CY2012Q2 kbsriii Number Of Tenants
NumberOfTenants
5 Tenants
kbsriii Annualized Base Rent
AnnualizedBaseRent
16139000 USD
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.13
CY2011Q2 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.07
CY2012Q2 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.11
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.11
kbsriii Business Acquisition Pro Forma Expense
BusinessAcquisitionProFormaExpense
6966000 USD
CY2012Q2 kbsriii Business Acquisition Pro Forma Expense
BusinessAcquisitionProFormaExpense
3566000 USD
kbsriii Business Acquisition Pro Forma Expense
BusinessAcquisitionProFormaExpense
3965000 USD
CY2011Q2 kbsriii Business Acquisition Pro Forma Expense
BusinessAcquisitionProFormaExpense
2045000 USD
CY2012Q2 kbsriii Business Acquisition Purchase Price Allocation Above Market Lease Assets
BusinessAcquisitionPurchasePriceAllocationAboveMarketLeaseAssets
599000 USD
CY2012Q2 kbsriii Business Acquisition Purchase Price Allocation Below Market Lease Liabilities
BusinessAcquisitionPurchasePriceAllocationBelowMarketLeaseLiabilities
3921000 USD
CY2012Q2 kbsriii Business Acquisition Purchase Price Allocation Buildings And Improvements
BusinessAcquisitionPurchasePriceAllocationBuildingsAndImprovements
140010000 USD
CY2012Q2 kbsriii Business Acquisition Purchase Price Allocation Tenant Origination And Absorption Costs
BusinessAcquisitionPurchasePriceAllocationTenantOriginationAndAbsorptionCosts
23292000 USD
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
9668895 shares
CY2012Q2 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
19642038 shares
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
19642038 shares
CY2011Q2 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
10424138 shares
CY2011 kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
9434000 USD
kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
8346000 USD
kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 USD
CY2012Q2 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 USD
CY2011Q2 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 USD
CY2012Q2 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
2352000 USD
CY2011Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
556000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
1977000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
0 USD
kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
202000 USD
kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
47000 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
0 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
101000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
36000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
483000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
0 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
11000 USD
CY2012Q2 kbsriii Number Of First Mortgage Loan Secured By Deed Of Trust
NumberOfFirstMortgageLoanSecuredByDeedOfTrust
1 MortgageLoans
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q2 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
208000 USD
CY2011Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
10000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-200000 USD
CY2012Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-164000 USD
CY2011Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
308000 USD
CY2012Q2 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
4226000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
8346000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
2691000 USD
CY2012Q2 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.92
CY2011Q2 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
0 USD
CY2012Q2 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
708000 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
1836000 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
0 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2011Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
508000 USD
CY2012Q2 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
3129000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2680000 USD
CY2012Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
1971000 USD
CY2012Q2 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
35311000 USD
CY2011Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
12080000 USD
CY2012Q2 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
32182000 USD
CY2011Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
11572000 USD
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
20929742 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
KBS Real Estate Investment Trust III, Inc.

Files In Submission

Name View Source Status
0001482430-12-000070-index-headers.html Edgar Link pending
0001482430-12-000070-index.html Edgar Link pending
0001482430-12-000070.txt Edgar Link pending
0001482430-12-000070-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
kbsriii-20120630.xml Edgar Link completed
kbsriii-20120630.xsd Edgar Link pending
kbsriii-20120630_cal.xml Edgar Link unprocessable
kbsriii-20120630_def.xml Edgar Link unprocessable
kbsriii-20120630_lab.xml Edgar Link unprocessable
kbsriii-20120630_pre.xml Edgar Link unprocessable
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