$KBSR
KBS Real Estate Investment Trust III, Inc.

2020 Q4 Form 10-Q Financial Statement

#000148243020000057 Filed on November 16, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $77.74M $75.50M $82.98M
YoY Change 1.75% -9.01% -21.82%
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 $27.88M $29.86M
YoY Change -6.64% -26.85%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $8.900M $20.40M
YoY Change -56.37% 22.89%
% of Operating Profit
Other Income/Expense, Net $622.0K $327.1M
YoY Change -99.81%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$221.0K $1.119M $316.9M
YoY Change -74.89% -99.65% -7885.85%
Net Earnings / Revenue -0.28% 1.48% 381.88%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 184.1M shares 183.2M shares 175.7M shares
Diluted Shares Outstanding 183.2M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $72.52M $34.40M $58.84M
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 $233.6M $232.6M $252.3M
YoY Change -7.81% -7.77% 627.77%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.504B $2.625B $2.639B
YoY Change -5.1% -0.56% -18.47%
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 $1.560B $1.661B $1.546B
YoY Change -2.64% 7.48% -30.27%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.842M $1.834M $1.724M
YoY Change 1.77% 6.38% -2.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $898.0M $884.9M $1.062B
YoY Change
Total Liabilities & Shareholders Equity $2.504B $2.625B $2.639B
YoY Change -5.1% -0.56% -18.47%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$221.0K $1.119M $316.9M
YoY Change -74.89% -99.65% -7885.85%
Depreciation, Depletion And Amortization $27.88M $29.86M
YoY Change -6.64% -26.85%
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
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
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true
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
000-54687
dei Entity Registrant Name
EntityRegistrantName
KBS REAL ESTATE INVESTMENT TRUST III, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
27-1627696
dei Entity Address Address Line1
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800 Newport Center Drive, Suite 700
dei Entity Address City Or Town
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dei City Area Code
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dei Local Phone Number
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417-6500
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28358000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1062385000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
985310000 USD
us-gaap Profit Loss
ProfitLoss
-12131000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35277000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
26666000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
8635000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
81805000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
15000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6400000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
884935000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
930895000 USD
us-gaap Profit Loss
ProfitLoss
262067000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
39219000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers From Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersFromRedeemableCommonStock
13164000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
97672000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
85285000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1062385000 USD
us-gaap Profit Loss
ProfitLoss
-12131000 USD
us-gaap Profit Loss
ProfitLoss
262067000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82629000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112902000 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
1172000 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
-1408000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2556000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
19314000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4041000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4245000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2137000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2832000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3184000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4346000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-29484000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-41706000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-188000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2229000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
50959000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
327311000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4532000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2206000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11827000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
33140000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4428000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2688000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5746000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11124000 USD
kbsriii Increase Decrease In Due To From Related Parties
IncreaseDecreaseInDueToFromRelatedParties
2119000 USD
kbsriii Increase Decrease In Due To From Related Parties
IncreaseDecreaseInDueToFromRelatedParties
-2583000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73421000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48383000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
70835000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
57738000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
26592000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
931589000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16186000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
3277000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
19818000 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
1014000 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
867000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47640000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
871044000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104510000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
322590000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
74202000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1107218000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2811000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2508000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8635000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
97672000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
1032000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000 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
46778000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46525000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35363000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-931336000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9582000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11909000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39690000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64129000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1711000 USD
us-gaap Interest Paid Net
InterestPaidNet
39293000 USD
us-gaap Interest Paid Net
InterestPaidNet
62199000 USD
kbsriii Non Cash Shares Received In Connection With Transaction
NonCashSharesReceivedInConnectionWithTransaction
0 USD
kbsriii Non Cash Shares Received In Connection With Transaction
NonCashSharesReceivedInConnectionWithTransaction
271000000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9142000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9343000 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
0 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
11658000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14900000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23553000 USD
kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
0 USD
kbsriii Increasein Construction In Progress Payable
IncreaseinConstructionInProgressPayable
5011000 USD
kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
0 USD
kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
1091000 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
705000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
58000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
35277000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
39219000 USD
CY2020Q3 kbsriii Number Of Real Estate Loans Receivable
NumberOfRealEstateLoansReceivable
1 numberOfLoans
CY2020Q3 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
CY2020Q3 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
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1625
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4875
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1495
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.4485
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
CY2020Q3 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
2600000 USD
CY2020Q3 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
900000 USD
CY2020Q3 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
2400000 USD
CY2020Q3 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
800000 USD
CY2020Q3 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
300000 USD
kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
900000 USD
CY2020Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7800000 sqft
CY2020Q3 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.88
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2536160000 USD
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
504815000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2031345000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4200000 USD
CY2020Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
84000000.0 USD
CY2019Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
80000000.0 USD
CY2020Q3 us-gaap Incentive To Lessee
IncentiveToLessee
20600000 USD
CY2019Q4 us-gaap Incentive To Lessee
IncentiveToLessee
21000000.0 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
56378000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
223540000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
199567000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
171690000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
150543000 USD
CY2020Q3 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
629902000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1431620000 USD
CY2020Q3 kbsriii Number Of Tenants
NumberOfTenants
640 tenant
CY2020Q3 kbsriii Annualized Base Rent
AnnualizedBaseRent
71917000 USD
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.305
CY2020Q3 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19900000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8700000 USD
CY2020Q3 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
84330000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
95808000 USD
CY2019Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
2661000 USD
CY2020Q3 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
24572000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Gross
OffMarketLeaseUnfavorableGross
25630000 USD
CY2020Q3 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
54044000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
56886000 USD
CY2020Q3 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
671000 USD
CY2019Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
2095000 USD
CY2020Q3 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
16951000 USD
CY2019Q4 kbsriii Off Market Lease Unfavorable Accumulated Amortization
OffMarketLeaseUnfavorableAccumulatedAmortization
15781000 USD
CY2020Q3 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
30286000 USD
CY2019Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
38922000 USD
CY2020Q3 kbsriii Above Market Leases Net
AboveMarketLeasesNet
475000 USD
CY2019Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
566000 USD
CY2020Q3 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
7621000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9849000 USD
CY2020Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2409000 USD
CY2019Q3 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
3766000 USD
CY2020Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
26000 USD
CY2019Q3 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
142000 USD
CY2020Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
726000 USD
CY2019Q3 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
874000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
7702000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
18185000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
91000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
866000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
2228000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
3698000 USD
CY2020Q3 kbsriii Number Of Financing Receivables Originated
NumberOfFinancingReceivablesOriginated
1 numberOfLoans
CY2020Q3 kbsriii Mortgage Loans On Real Estate Commercial And Consumer Gross
MortgageLoansOnRealEstateCommercialAndConsumerGross
150213000 USD
CY2020Q3 us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
1387000 USD
us-gaap Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
2064000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
148290000 USD
us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.0534
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
1230000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
120000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-58000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
148290000 USD
CY2020Q3 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
674000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1230000 USD
CY2020Q3 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-32000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-58000 USD
CY2020Q3 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
2029000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
3236000 USD
CY2020Q3 us-gaap Interest Receivable
InterestReceivable
500000 USD
CY2020Q2 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
6400000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1400000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2600000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1496682000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1466376000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4557000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6497000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
1492125000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1459879000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
8900000 USD
us-gaap Interest Expense
InterestExpense
71500000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
20400000 USD
us-gaap Interest Expense
InterestExpense
105700000 USD
CY2020Q3 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
300000 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
38900000 USD
CY2019Q3 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
3300000 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
38600000 USD
CY2020Q3 us-gaap Interest Payable Current
InterestPayableCurrent
4000000.0 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4500000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
731815000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
93000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
292622000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
379245000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1496682000 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
150213000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
0 USD
CY2020Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1496682000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1466376000 USD
CY2020Q3 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
86000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
271000 USD
CY2019Q3 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
104000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
252000 USD
CY2020Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2020Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2020Q3 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08

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