$KBSR
KBS Real Estate Investment Trust III, Inc.

2013 Q3 Form 10-Q Financial Statement

#000148243013000064 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2013 Q2 2012 Q2
Revenue $23.48M $16.38M $7.217M
YoY Change 182.83% 126.91% 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 $10.45M $7.312M $4.018M
YoY Change 153.79% 81.98%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $9.328M $6.185M $3.009M
YoY Change 182.58% 105.55% 23046.15%
Interest Expense $3.084M $1.918M $1.281M
YoY Change 199.42% 49.73%
% of Operating Profit 33.06% 31.01% 42.57%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$1.785M -$6.113M -$2.759M
YoY Change 31.83% 121.57% 892.45%
Net Earnings / Revenue -7.6% -37.33% -38.23%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 45.05M shares 35.42M shares 17.59M shares
Diluted Shares Outstanding 17.59M shares

Balance Sheet

Concept 2013 Q3 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $139.6M $32.38M $17.59M
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 $863.0M $760.7M $297.8M
YoY Change 163.97% 155.45% 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 $448.1M $445.0M $141.5M
YoY Change 211.6% 214.47% 63314.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $532.0K $409.0K $196.0K
YoY Change 129.31% 108.67% 548.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $403.3M $307.0M $154.1M
YoY Change
Total Liabilities & Shareholders Equity $863.0M $760.7M $297.8M
YoY Change 163.97% 155.45% 1081.61%

Cashflow Statement

Concept 2013 Q3 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$1.785M -$6.113M -$2.759M
YoY Change 31.83% 121.57% 892.45%
Depreciation, Depletion And Amortization $10.45M $7.312M $4.018M
YoY Change 153.79% 81.98%
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
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q2 us-gaap Other Liabilities
OtherLiabilities
5501000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
2872000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
404000 USD
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OtherRealEstateRevenue
12000 USD
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OtherRealEstateRevenue
224000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
12000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
249000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
2488000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1255000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
503000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5378000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2416000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3880000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1543000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1860000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3861000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
384733000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
182808000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
89947000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
133067000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
284090000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
88350000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
79000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2013Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
26238000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
14090000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
12000 USD
CY2013Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
3221000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
1829000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
945000 USD
CY2013Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
724044000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
319060000 USD
CY2013Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
697806000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
304970000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
1429000 USD
CY2012Q2 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
996000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
5630000 USD
CY2013Q2 us-gaap Revenues
Revenues
16376000 USD
us-gaap Revenues
Revenues
10057000 USD
CY2012Q2 us-gaap Revenues
Revenues
7217000 USD
us-gaap Revenues
Revenues
30042000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
10600000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
166857000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
137725000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
408600000 USD
CY2012 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
740000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1255000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2000000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
307032000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
207221000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
84271000 USD
CY2012Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
4804000 USD
CY2013Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
8644000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
6982000 USD
CY2012Q2 us-gaap Tenant Reimbursements
TenantReimbursements
1141000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
1999000 USD
CY2013Q2 us-gaap Tenant Reimbursements
TenantReimbursements
3918000 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>
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17586160 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36616023 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33177117 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
15118048 shares
CY2012Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
144000 USD
CY2013Q2 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
285000 USD
CY2012Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
31000 USD
CY2013Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
78000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
41000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
164000 USD
CY2013Q2 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1100000 USD
CY2012Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1025000 USD
CY2013Q2 kbsriii Above Market Leases Net
AboveMarketLeasesNet
815000 USD
CY2012Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
881000 USD
CY2012 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
4501000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
3403000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
-1534000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
-669000 USD
kbsriii Annualized Base Rent
AnnualizedBaseRent
25047000 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
12810000 USD
CY2013Q2 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
9874000 USD
CY2012Q2 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
7680000 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
19415000 USD
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
-0.09
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.18
CY2013Q2 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.04
kbsriii Business Combination Pro Forma Information Operating Expense Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationOperatingExpenseOfAcquireeSinceAcquisitionDateActual
5700000 USD
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
45287925 shares
CY2013Q2 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
47597044 shares
CY2012Q2 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
31053364 shares
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
28585252 shares
CY2013Q2 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Above Market Lease Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAboveMarketLeaseAssets
98000 USD
CY2013Q2 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Leaseliabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeaseliabilities
13028000 USD
CY2013Q2 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Improvement
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndImprovement
300774000 USD
CY2013Q2 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
55339000 USD
CY2013Q2 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Origination And Amortization Costs
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantOriginationAndAmortizationCosts
47374000 USD
kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
11698000 USD
CY2012 kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
14972000 USD
kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 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
CY2013Q2 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 USD
CY2012Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
2779000 USD
CY2013Q2 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
10134000 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
4658000 USD
kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
300000 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
101000 USD
CY2013Q2 kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
200000 USD
CY2013Q2 kbsriii Longterm Debt Maturities Repaymentsof Principal Remaining Fiscal Year
LongtermDebtMaturitiesRepaymentsofPrincipalRemainingFiscalYear
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
65000 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
50000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
11000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
659000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
483000 USD
CY2013Q2 kbsriii Number Of First Mortgage Loan Secured By Deed Of Trust
NumberOfFirstMortgageLoanSecuredByDeedOfTrust
1 MortgageLoans
CY2013Q2 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.89
CY2013Q2 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
1130000 USD
CY2012Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
507000 USD
CY2013Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-407000 USD
CY2012Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-164000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-200000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-676000 USD
CY2012Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
5659000 USD
CY2013Q2 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
18634000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
11698000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
8346000 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
1836000 USD
CY2012Q2 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
708000 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
3950000 USD
CY2013Q2 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
2695000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
6268000 USD
CY2013Q2 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
10943000 USD
CY2013Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2953000 USD
CY2012Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
1971000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2680000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
5506000 USD
CY2013Q2 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
86961000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
40418000 USD
CY2013Q2 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
76018000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
34150000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45045536 shares
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
KBS Real Estate Investment Trust III, Inc.

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