$KBSR
KBS Real Estate Investment Trust III, Inc.

2014 Q4 Form 10-Q Financial Statement

#000148243014000103 Filed on November 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $53.60M $48.38M $23.48M
YoY Change 99.2% 106.09% 182.83%
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 $20.16M $10.45M
YoY Change 92.94% 153.79%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $9.328M
YoY Change 182.58%
Interest Expense $6.631M $3.084M
YoY Change 115.01% 199.42%
% of Operating Profit 33.06%
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$12.45M -$3.070M -$1.785M
YoY Change 9.55% 71.99% 31.83%
Net Earnings / Revenue -23.23% -6.35% -7.6%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 109.4M shares 92.70M shares 45.05M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $102.7M $155.1M $139.6M
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 $2.375B $1.776B $863.0M
YoY Change 81.13% 105.76% 163.97%
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 $1.413B $1.007B $448.1M
YoY Change 77.46% 124.71% 211.6%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.400M $991.0K $532.0K
YoY Change 261.45% 86.28% 129.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $933.1M $738.6M $403.3M
YoY Change
Total Liabilities & Shareholders Equity $2.375B $1.776B $863.0M
YoY Change 81.13% 105.76% 163.97%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$12.45M -$3.070M -$1.785M
YoY Change 9.55% 71.99% 31.83%
Depreciation, Depletion And Amortization $20.16M $10.45M
YoY Change 92.94% 153.79%
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
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
18000 USD
us-gaap Amortization Of Financing Costs
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877000 USD
us-gaap Amortization Of Financing Costs
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1408000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
19000 USD
CY2013Q3 us-gaap Amortization Of Deferred Loan Origination Fees Net
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6000 USD
CY2014Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
35935000 USD
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
24783000 USD
CY2014Q3 us-gaap Accounts Receivable Net
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19634000 USD
CY2013Q4 us-gaap Accounts Receivable Net
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CY2014Q3 us-gaap Accumulated Distributions In Excess Of Net Income
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CY2013Q4 us-gaap Accumulated Distributions In Excess Of Net Income
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74788000 USD
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
960000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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2179000 USD
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
5424000 USD
us-gaap Amortization Of Above And Below Market Leases
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-3302000 USD
us-gaap Amortization Of Above And Below Market Leases
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CY2014Q3 us-gaap Amortization Of Deferred Loan Origination Fees Net
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6000 USD
us-gaap Common Stock Dividends Per Share Declared
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us-gaap Asset Management Costs
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us-gaap Asset Management Costs
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CY2014Q3 us-gaap Asset Management Costs
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CY2013Q3 us-gaap Asset Management Costs
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Assets
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CY2014Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
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us-gaap Business Acquisitions Pro Forma Revenue
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us-gaap Business Combination Acquisition Related Costs
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2013Q4 us-gaap Commitments And Contingencies
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CY2014Q3 us-gaap Commitments And Contingencies
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013Q4 us-gaap Common Stock Value
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CY2014Q3 us-gaap Common Stock Value
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us-gaap Comprehensive Income Net Of Tax
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Costs And Expenses
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us-gaap Costs And Expenses
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CY2014Q3 us-gaap Costs And Expenses
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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CY2013Q3 us-gaap Depreciation Depletion And Amortization
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us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
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CY2014Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2013Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2013 us-gaap Dividends Common Stock
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us-gaap Dividends Common Stock
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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2693000 USD
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Interest And Fee Income Loans Commercial Real Estate
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us-gaap Interest And Fee Income Loans Commercial Real Estate
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us-gaap Interest Expense
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us-gaap Investment Income Interest
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us-gaap Investment Income Interest
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us-gaap Net Income Loss
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us-gaap Operating Leases Income Statement Lease Revenue
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CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-809000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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-1445000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2179000 USD
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-724000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-4005000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-1037000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2108000 USD
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CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2014Q3 us-gaap Other Income
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CY2013Q3 us-gaap Other Income
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CY2014Q3 us-gaap Other Liabilities
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CY2013Q4 us-gaap Other Liabilities
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us-gaap Other Real Estate Revenue
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3683000 USD
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CY2014Q3 us-gaap Other Real Estate Revenue
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us-gaap Other Real Estate Revenue
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CY2014Q3 us-gaap Payment For Administrative Fees
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36000 USD
CY2013Q3 us-gaap Payment For Administrative Fees
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44000 USD
us-gaap Payment For Administrative Fees
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102000 USD
us-gaap Payment For Administrative Fees
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us-gaap Payments For Capital Improvements
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us-gaap Payments For Repurchase Of Common Stock
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0 USD
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Prior Period Reclassification Adjustment Description
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us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
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us-gaap Proceeds From Collection Of Loans Receivable
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us-gaap Proceeds From Sale Of Real Estate
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0 USD
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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CY2013Q4 us-gaap Real Estate Heldforsale
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us-gaap Real Estate Taxes And Insurance
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us-gaap Recognition Of Deferred Revenue
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3493000 USD
us-gaap Repayments Of Notes Payable
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40000000 USD
us-gaap Repayments Of Notes Payable
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0 USD
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48380000 USD
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Revenues
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us-gaap Revenues
Revenues
53517000 USD
CY2013Q3 us-gaap Revenues
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Redeemed Or Called During Period Value
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CY2013 us-gaap Stock Redeemed Or Called During Period Value
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us-gaap Stock Redeemed Or Called During Period Value
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CY2014Q3 us-gaap Stockholders Equity
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CY2012Q4 us-gaap Stockholders Equity
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207221000 USD
CY2013Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
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CY2014Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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30192000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
11348000 USD
CY2013Q3 us-gaap Tenant Reimbursements
TenantReimbursements
4367000 USD
CY2014Q3 us-gaap Tenant Reimbursements
TenantReimbursements
10806000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
30225000 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
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CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
84774042 shares
CY2014Q3 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
1912000 USD
CY2013Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
387000 USD
CY2014Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
652000 USD
CY2013Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
100000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
264000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
1655000 USD
CY2014Q3 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
13805000 USD
CY2013Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
7989000 USD
CY2013Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
7602000 USD
CY2014Q3 kbsriii Above Market Leases Net
AboveMarketLeasesNet
11893000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
17778000 USD
CY2013 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
7172000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
1221000 USD
kbsriii Advances On Real Estate Loans Receivable
AdvancesOnRealEstateLoansReceivable
1031000 USD
CY2013Q4 kbsriii Assets Related To Real Estate Held For Sale
AssetsRelatedToRealEstateHeldForSale
1027000 USD
CY2014Q3 kbsriii Assets Related To Real Estate Held For Sale
AssetsRelatedToRealEstateHeldForSale
0 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
61786000 USD
CY2013Q3 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
13427000 USD
CY2014Q3 kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
21106000 USD
kbsriii Business Acquisition Pro Forma Depreciation And Amortization
BusinessAcquisitionProFormaDepreciationAndAmortization
32828000 USD
CY2013Q3 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.05
CY2014Q3 kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.01
kbsriii Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.22
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
7900000 USD
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
91508298 shares
kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
51372481 shares
CY2014Q3 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
99101093 shares
CY2013Q3 kbsriii Business Combination Pro Forma Weighted Average Shares Oustanding Basic And Diluted
BusinessCombinationProFormaWeightedAverageSharesOustandingBasicAndDiluted
60484541 shares
CY2013 kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
34663000 USD
kbsriii Commissions On Stock Sales And Related Dealer Manager Fees
CommissionsOnStockSalesAndRelatedDealerManagerFees
28704000 USD
kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082
kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082
CY2013Q3 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082
CY2014Q3 kbsriii Common Share Distribution Rate Per Share Per Day Declared
CommonShareDistributionRatePerSharePerDayDeclared
0.00178082
CY2013Q4 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
13887000 USD
CY2014Q3 kbsriii Deferred Financing Costs Prepaid Expenses And Other Assets
DeferredFinancingCostsPrepaidExpensesAndOtherAssets
26956000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
7959000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
20491000 USD
CY2013Q3 kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
700000 USD
kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
4000000 USD
CY2014Q3 kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
1600000 USD
kbsriii Interest Expense Derivatives Interest Rate Swaps
InterestExpenseDerivativesInterestRateSwaps
1000000 USD
CY2014Q3 kbsriii Liabilities Related To Real Estate Held For Sale
LiabilitiesRelatedToRealEstateHeldForSale
0 USD
CY2013Q4 kbsriii Liabilities Related To Real Estate Held For Sale
LiabilitiesRelatedToRealEstateHeldForSale
210000 USD
CY2014Q3 kbsriii Longterm Debt Maturities Repaymentsof Principal Remaining Fiscal Year
LongtermDebtMaturitiesRepaymentsofPrincipalRemainingFiscalYear
0 USD
CY2014Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
81000 USD
kbsriii Noncash Increase In Accounts Payable And Accrued Liabilities For Offering Costs
NoncashIncreaseInAccountsPayableAndAccruedLiabilitiesForOfferingCosts
198000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
18000 USD
kbsriii Noncash Interest Income On Real Estate Related Investments
NoncashInterestIncomeOnRealEstateRelatedInvestments
19000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
1277000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
1608000 USD
CY2014Q3 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
922890000 USD
CY2013Q4 kbsriii Notes Payable Excluding Notes Payable For Real Estate Held For Sale
NotesPayableExcludingNotesPayableForRealEstateHeldForSale
700022000 USD
CY2014Q3 kbsriii Notes Payable Related To Real Estate Held For Sale
NotesPayableRelatedToRealEstateHeldForSale
0 USD
CY2013Q4 kbsriii Notes Payable Related To Real Estate Held For Sale
NotesPayableRelatedToRealEstateHeldForSale
30668000 USD
CY2014Q3 kbsriii Number Of First Mortgage Loan Secured By Deed Of Trust
NumberOfFirstMortgageLoanSecuredByDeedOfTrust
1 MortgageLoans
CY2014Q3 kbsriii Number Of Tenants
NumberOfTenants
500 Tenants
CY2013Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
2616000 USD
CY2014Q3 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
7081000 USD
CY2014Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-1717000 USD
CY2013Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-753000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-1429000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
-4957000 USD
CY2014Q3 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
33819000 USD
CY2013Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
29736000 USD
kbsriii Other Organization And Offering Costs
OtherOrganizationAndOfferingCosts
1200000 USD
CY2014Q3 kbsriii Other Organizational Offering Cost Relatedto Follow On Offering
OtherOrganizationalOfferingCostRelatedtoFollowOnOffering
1200000 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
28704000 USD
CY2014Q3 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.90
CY2013Q3 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
0 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
3950000 USD
CY2014Q3 kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
1328000 USD
kbsriii Real Estate Acquisition Fees And Expenses To Affiliates
RealEstateAcquisitionFeesAndExpensesToAffiliates
3885000 USD
CY2013Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
16237000 USD
CY2014Q3 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
33389000 USD
CY2013Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
4204000 USD
CY2014Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
6950000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
9710000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
20092000 USD
CY2013Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
123830000 USD
CY2014Q3 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
164370000 USD
CY2014Q3 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
130981000 USD
CY2013Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
107593000 USD
CY2013Q4 kbsriii Total Real Estate
TotalRealEstate
1230129000 USD
CY2014Q3 kbsriii Total Real Estate
TotalRealEstate
1543897000 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
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001482430
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
109422052 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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