2020 Q2 Form 10-Q Financial Statement

#000148243020000043 Filed on August 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $75.97M $114.5M
YoY Change -33.65% 6.44%
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 $27.36M $41.63M
YoY Change -34.29% 6.68%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $13.80M $47.40M
YoY Change -70.89% 278.68%
% of Operating Profit
Other Income/Expense, Net $49.44M $5.000K
YoY Change 988640.0%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $39.51M -$28.12M
YoY Change -240.52% -258.4%
Net Earnings / Revenue 52.0% -24.55%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $0.22
COMMON SHARES
Basic Shares Outstanding 182.4M shares 174.8M shares
Diluted Shares Outstanding 182.4M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $48.37M $66.08M
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 $239.5M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.644B $3.276B
YoY Change -19.28% 2.03%
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 $1.664B $2.446B
YoY Change -31.98% 12.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.826M $1.750M
YoY Change 4.34% -0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $911.2M $813.8M
YoY Change
Total Liabilities & Shareholders Equity $2.644B $3.276B
YoY Change -19.28% 2.03%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $39.51M -$28.12M
YoY Change -240.52% -258.4%
Depreciation, Depletion And Amortization $27.36M $41.63M
YoY Change -34.29% 6.68%
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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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
985310000 USD
us-gaap Profit Loss
ProfitLoss
-13250000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
23622000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
17355000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
6292000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
54417000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
12000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6400000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
911206000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
930895000 USD
us-gaap Profit Loss
ProfitLoss
-54810000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26471000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
24028000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
55550000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
56927000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
814104000 USD
us-gaap Profit Loss
ProfitLoss
-13250000 USD
us-gaap Profit Loss
ProfitLoss
-54810000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54750000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
83040000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19896000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8706000 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
530000 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1996000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2688000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
11901000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2986000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3026000 USD
kbsriii Real Estate Loss Dueto Property Damages
RealEstateLossDuetoPropertyDamages
0 USD
kbsriii Real Estate Loss Dueto Property Damages
RealEstateLossDuetoPropertyDamages
90000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1437000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2100000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2117000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3185000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-34016000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-37899000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-188000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-196000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
50938000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3149000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5446000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
19213000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8106000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3438000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1170000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2853000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1388000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
399000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42721000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44926000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
47873000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
35199000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
26571000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
3277000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
14017000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
120000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
0 USD
kbsriii Payments Of Post Closing Acquisition Costs
PaymentsOfPostClosingAcquisitionCosts
0 USD
kbsriii Payments Of Post Closing Acquisition Costs
PaymentsOfPostClosingAcquisitionCosts
338000 USD
kbsriii Escrow Deposits Relatedto Tenant Improvements1
EscrowDepositsRelatedtoTenantImprovements1
0 USD
kbsriii Escrow Deposits Relatedto Tenant Improvements1
EscrowDepositsRelatedtoTenantImprovements1
972000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
519000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24699000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48063000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104510000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
283830000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
72052000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
193664000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1458000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4692000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6292000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
55550000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
848000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6400000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31085000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30772000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13637000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-851000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4385000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3988000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49272000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76038000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53657000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72050000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1067000 USD
us-gaap Interest Paid Net
InterestPaidNet
26750000 USD
us-gaap Interest Paid Net
InterestPaidNet
43659000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9102000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9485000 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
43000 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
16476000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22932000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
27061000 USD
kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
0 USD
kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
6616000 USD
kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
0 USD
kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
1049000 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
147678000 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
0 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
751000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
33000 USD
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1625
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
23622000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
26471000 USD
CY2020Q2 kbsriii Number Or Real Estate Loans Receivable
NumberOrRealEstateLoansReceivable
1 numberOfLoans
CY2020Q2 kbsriii Percent Of Total Rental Income From Retail And Restaurant Tenants
PercentOfTotalRentalIncomeFromRetailAndRestaurantTenants
0.03
us-gaap Use Of Estimates
UseOfEstimates
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 condensed notes. Actual results could materially differ from those estimates.
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3250
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.298
kbsriii Common Share Distribution Rate For Share Per Day Declared
CommonShareDistributionRateForSharePerDayDeclared
0.05416667
kbsriii Common Share Distribution Rate For Share Per Day Declared
CommonShareDistributionRateForSharePerDayDeclared
0.04983333
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 numberOfSegments
CY2020Q2 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
1500000 USD
CY2020Q2 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
800000 USD
CY2020Q2 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
1100000 USD
CY2020Q2 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
500000 USD
CY2020Q2 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
600000 USD
kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
600000 USD
CY2020Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7800000 sqft
CY2020Q2 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.88
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2519669000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
481802000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2037867000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000.0 USD
CY2020Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
83300000 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
80000000.0 USD
CY2020Q2 us-gaap Incentive To Lessee
IncentiveToLessee
21100000 USD
CY2019Q4 us-gaap Incentive To Lessee
IncentiveToLessee
21000000.0 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
112461000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
221907000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
197778000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
168586000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
148452000 USD
CY2020Q2 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
623845000 USD
CY2020Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1473029000 USD
CY2020Q2 kbsriii Number Of Tenants
NumberOfTenants
640 tenant
CY2020Q2 kbsriii Annualized Base Rent
AnnualizedBaseRent
94932000 USD
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.406
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19900000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2020Q2 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
86392000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
95808000 USD
CY2020Q2 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
CY2019Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
2661000 USD
CY2020Q2 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
24822000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
25630000 USD
CY2020Q2 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
53697000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
56886000 USD
CY2020Q2 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
645000 USD
CY2019Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
2095000 USD
CY2020Q2 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
16475000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
15781000 USD
CY2020Q2 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
32695000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
38922000 USD
CY2020Q2 kbsriii Above Market Leases Net
AboveMarketLeasesNet
501000 USD
CY2019Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
566000 USD
CY2020Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
8347000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9849000 USD
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.0534
CY2020Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2518000 USD
CY2019Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
7209000 USD
CY2020Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
28000 USD
CY2019Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
347000 USD
CY2020Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
742000 USD
CY2019Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
1499000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
5293000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
14419000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
65000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
724000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
1502000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
2824000 USD
CY2020Q2 kbsriii Number Of Financing Receivables Originated
NumberOfFinancingReceivablesOriginated
1 numberOfLoans
CY2020Q2 kbsriii Mortgage Loans On Real Estate Commercial And Consumer Gross
MortgageLoansOnRealEstateCommercialAndConsumerGross
150213000 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
147648000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
700000 USD
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
700000 USD
CY2019Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
0 USD
kbsriii Face Value Of Financing Receivable Originated
FaceValueOfFinancingReceivableOriginated
150213000 USD
kbsriii Discount On Financing Receivable Originated
DiscountOnFinancingReceivableOriginated
2535000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
556000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
120000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
26000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
CY2020Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
147648000 USD
CY2020Q2 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
677000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
677000 USD
CY2020Q2 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
556000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
556000 USD
CY2020Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
26000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
26000 USD
CY2020Q2 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
1207000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
1207000 USD
CY2020Q2 us-gaap Interest Receivable
InterestReceivable
400000 USD
CY2020Q2 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
6400000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2000000.0 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1498834000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6497000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1466376000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5603000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
1493231000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1459879000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
13800000 USD
us-gaap Interest Expense
InterestExpense
62500000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
47400000 USD
us-gaap Interest Expense
InterestExpense
85400000 USD
CY2020Q2 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
3900000 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
38600000 USD
CY2019Q2 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
22000000.0 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
35300000 USD
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
4100000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4500000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
731966000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
93000000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
294623000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
379245000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1498834000 USD
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
150213000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
0 USD
CY2020Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1498834000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1466376000 USD
CY2020Q2 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
94000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
185000 USD
CY2019Q2 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
78000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
148000 USD
CY2020Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2020Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2020Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08

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