$KBSR
KBS Real Estate Investment Trust III, Inc.

2013 Q4 Form 10-Q Financial Statement

#000148243013000085 Filed on November 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $26.91M $23.48M $8.300M
YoY Change 201.43% 182.83% 3815.09%
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 $4.118M
YoY Change 153.79% 4475.56%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $9.328M $3.301M
YoY Change 182.58% 1694.02%
Interest Expense $3.084M $1.030M
YoY Change 199.42% 34233.33%
% of Operating Profit 33.06% 31.2%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$11.36M -$1.785M -$1.354M
YoY Change 691.3% 31.83% 31.2%
Net Earnings / Revenue -42.23% -7.6% -16.31%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 58.96M shares 45.05M shares 21.45M shares
Diluted Shares Outstanding 21.45M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $33.19M $139.6M $46.98M
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 $1.311B $863.0M $326.9M
YoY Change 275.34% 163.97% 344.57%
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 $796.2M $448.1M $143.8M
YoY Change 479.62% 211.6% 622.14%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $664.0K $532.0K $232.0K
YoY Change 145.02% 129.31% 250.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $502.8M $403.3M $179.7M
YoY Change
Total Liabilities & Shareholders Equity $1.311B $863.0M $326.9M
YoY Change 275.34% 163.97% 344.57%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$11.36M -$1.785M -$1.354M
YoY Change 691.3% 31.83% 31.2%
Depreciation, Depletion And Amortization $10.45M $4.118M
YoY Change 153.79% 4475.56%
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

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CY2013Q3 us-gaap Other Liabilities
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8848000 USD
CY2012Q4 us-gaap Other Liabilities
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2872000 USD
us-gaap Other Real Estate Revenue
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74000 USD
us-gaap Other Real Estate Revenue
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920000 USD
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5451000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1182000 USD
us-gaap Payments For Repurchase Of Common Stock
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1644000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
740000 USD
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9147000 USD
us-gaap Payments Of Dividends Common Stock
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4241000 USD
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1544000 USD
us-gaap Payments Of Financing Costs
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3895000 USD
us-gaap Payments Of Stock Issuance Costs
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2755000 USD
us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Acquire Real Estate
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182808000 USD
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
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PreferredStockParOrStatedValuePerShare
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CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
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0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
252751000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
124377000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
134250000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
284090000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
135000 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
35671000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
14090000 USD
CY2013Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
726553000 USD
CY2012Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
319060000 USD
CY2013Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
690882000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
304970000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
9168000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
2847000 USD
CY2013Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
3537000 USD
CY2012Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
1419000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
1592000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
3493000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
45900000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Revenues
Revenues
53517000 USD
us-gaap Revenues
Revenues
18357000 USD
CY2013Q3 us-gaap Revenues
Revenues
23475000 USD
CY2012Q3 us-gaap Revenues
Revenues
8300000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
13900000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
260710000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
531600000 USD
CY2012 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
740000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
1644000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
2400000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
403337000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
207221000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
84271000 USD
CY2013Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
11556000 USD
CY2012Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
4804000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
3395000 USD
CY2013Q3 us-gaap Tenant Reimbursements
TenantReimbursements
4367000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
11348000 USD
CY2012Q3 us-gaap Tenant Reimbursements
TenantReimbursements
1396000 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>
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
46920861 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37808801 shares
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21450066 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17243961 shares
CY2013Q3 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
305000 USD
CY2012Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
144000 USD
CY2012Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
45000 USD
CY2013Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
100000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
86000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
264000 USD
CY2013Q3 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1020000 USD
CY2012Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1025000 USD
CY2012Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
881000 USD
CY2013Q3 kbsriii Above Market Leases Net
AboveMarketLeasesNet
715000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
6315000 USD
CY2012 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
4501000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
-2372000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
-1031000 USD
kbsriii Annualized Base Rent
AnnualizedBaseRent
25442000 USD
CY2013Q3 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
10451000 USD
CY2012Q3 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
7780000 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
29866000 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
20590000 USD
CY2013Q3 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.04
CY2012Q3 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.04
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.20
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.11
kbsriii Business Combination Pro Forma Information Operating Expense Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationOperatingExpenseOfAcquireeSinceAcquisitionDateActual
13800000 USD
CY2012Q3 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
34862663 shares
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
45287365 shares
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
30656558 shares
CY2013Q3 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
46920861 shares
CY2013Q3 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Above Market Lease Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAboveMarketLeaseAssets
98000 USD
CY2013Q3 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Below Market Leaseliabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBelowMarketLeaseliabilities
13028000 USD
CY2013Q3 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Improvement
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndImprovement
300774000 USD
CY2013Q3 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
55339000 USD
CY2013Q3 kbsriii Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Tenant Origination And Amortization Costs
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTenantOriginationAndAmortizationCosts
47374000 USD
CY2012 kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
14972000 USD
kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
22757000 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
CY2012Q3 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082 USD
CY2013Q3 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
CY2013Q3 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
9646000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
3471000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
7959000 USD
CY2013Q3 kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
700000 USD
kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
1000000 USD
CY2013Q3 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
9000 USD
kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
81000 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
300000 USD
kbsriii Noncash Increase In Lease Commissions Payable
NoncashIncreaseInLeaseCommissionsPayable
417000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
1277000 USD
kbsriii Noncash Increases In Distributions Payable
NoncashIncreasesInDistributionsPayable
680000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
18000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
16000 USD
CY2013Q3 kbsriii Number Of First Mortgage Loan Secured By Deed Of Trust
NumberOfFirstMortgageLoanSecuredByDeedOfTrust
1 MortgageLoans
CY2013Q3 kbsriii Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
4 properties
CY2012Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
507000 USD
CY2013Q3 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
1850000 USD
CY2013Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-753000 USD
CY2012Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-157000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-357000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-1429000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
6268000 USD
CY2013Q3 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
14458000 USD
CY2012Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
1885000 USD
CY2013Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
4204000 USD
CY2013Q3 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
18601000 USD
CY2012Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
5659000 USD
kbsriii Other Organization And Offering Costs
OtherOrganizationAndOfferingCosts
900000 USD
CY2013Q3 kbsriii Other Organizational Offering Cost Relatedto Follow On Offering
OtherOrganizationalOfferingCostRelatedtoFollowOnOffering
900000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
22757000 USD
kbsriii Payments Of Commissions On Stock Sales And Related Dealer Manager Fees
PaymentsOfCommissionsOnStockSalesAndRelatedDealerManagerFees
11601000 USD
CY2013Q3 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.90
CY2013Q3 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
71814000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
34150000 USD
CY2013Q3 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
0 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
1836000 USD
CY2012Q3 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
0 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
3950000 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
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
4565000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
9710000 USD
CY2012Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
40418000 USD
CY2013Q3 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
86272000 USD
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
58963843 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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