$KBSR
KBS Real Estate Investment Trust III, Inc.

2021 Q1 Form 10-Q Financial Statement

#000148243021000027 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $74.74M $77.70M
YoY Change -3.82% -30.24%
Cost Of Revenue $35.14M
YoY Change
Gross Profit $39.60M
YoY Change
Gross Profit Margin 52.98%
Selling, General & Admin $1.722M
YoY Change
% of Gross Profit 4.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.40M $27.39M
YoY Change 0.03% -33.85%
% of Gross Profit 69.19%
Operating Expenses $29.12M
YoY Change
Operating Profit $10.48M
YoY Change
Interest Expense $8.300M $48.80M
YoY Change -82.99% 28.76%
% of Operating Profit 79.22%
Other Income/Expense, Net $23.76M -$1.316M
YoY Change -1905.55% -1648.24%
Pretax Income $27.42M
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $27.42M -$58.90M
YoY Change -146.56% 120.79%
Net Earnings / Revenue 36.69% -75.81%
Basic Earnings Per Share $0.15 -$0.32
Diluted Earnings Per Share $0.15 -$0.32
COMMON SHARES
Basic Shares Outstanding 184.9M shares 181.6M shares
Diluted Shares Outstanding 184.9M shares 181.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $146.2M
YoY Change
Cash & Equivalents $146.2M $46.65M
Short-Term Investments
Other Short-Term Assets $80.75M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $313.4M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.945B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $227.0M $240.3M
YoY Change -5.55%
Other Assets $5.812M
YoY Change
Total Long-Term Assets $2.178B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $313.4M
Total Long-Term Assets $2.178B
Total Assets $2.492B $2.621B
YoY Change -4.95% -20.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.55M
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.92M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.389B
YoY Change
Other Long-Term Liabilities $87.73M
YoY Change
Total Long-Term Liabilities $1.477B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $61.92M
Total Long-Term Liabilities $1.477B
Total Liabilities $1.539B $1.662B
YoY Change -7.38% -30.92%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.851M $1.818M
YoY Change 1.82% 4.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $897.8M $899.0M
YoY Change
Total Liabilities & Shareholders Equity $2.492B $2.621B
YoY Change -4.95% -20.43%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $27.42M -$58.90M
YoY Change -146.56% 120.79%
Depreciation, Depletion And Amortization $27.40M $27.39M
YoY Change 0.03% -33.85%
Cash From Operating Activities $16.30M $17.41M
YoY Change -6.4% 16.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $78.82M
YoY Change
Cash From Investing Activities $78.82M -$31.56M
YoY Change -349.75% 69.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.112M $3.049M
YoY Change 2.07% -94.2%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$20.91M $16.82M
YoY Change -224.35% 138.35%
NET CHANGE
Cash From Operating Activities $16.30M $17.41M
Cash From Investing Activities $78.82M -$31.56M
Cash From Financing Activities -$20.91M $16.82M
Net Change In Cash $74.20M $2.669M
YoY Change 2680.07% -23.55%
FREE CASH FLOW
Cash From Operating Activities $16.30M $17.41M
Capital Expenditures $0.00
Free Cash Flow $16.30M
YoY Change

Facts In Submission

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CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-320000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
892000 USD
CY2020Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
2211000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16295000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17410000 USD
CY2021Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
19182000 USD
CY2020Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
29448000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
98000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2021Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
0 USD
CY2020Q1 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
2111000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
78818000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31559000 USD
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104510000 USD
CY2021Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2020Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
66901000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14000 USD
CY2020Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1429000 USD
CY2021Q1 kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
721000 USD
CY2020Q1 kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
0 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3112000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3049000 USD
CY2021Q1 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
792000 USD
CY2020Q1 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
739000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2020Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16274000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15573000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20913000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16818000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74200000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2669000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77811000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49272000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152011000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
51941000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
11005000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
13761000 USD
CY2021Q1 kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9227000 USD
CY2020Q1 kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9064000 USD
CY2021Q1 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
11326000 USD
CY2020Q1 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
11904000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15064000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
23075000 USD
CY2021Q1 kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
0 USD
CY2020Q1 kbsriii Increaseinconstructioninprogressduetoaffiliate
Increaseinconstructioninprogressduetoaffiliate
33000 USD
CY2021Q1 kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
255000 USD
CY2020Q1 kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
0 USD
CY2021Q1 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.
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
CY2020Q1 kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
CY2021Q1 kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q1 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
4000000.0 USD
CY2021Q1 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
2000000.0 USD
CY2021Q1 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
2800000 USD
CY2021Q1 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
1800000 USD
CY2021Q1 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
400000 USD
CY2021Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7500000 sqft
CY2021Q1 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.86
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2471305000 USD
CY2021Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
526184000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1945121000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000 USD
CY2020Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000 USD
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
82600000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
81200000 USD
CY2021Q1 us-gaap Incentive To Lessee
IncentiveToLessee
19500000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
19100000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
179268000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
213060000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
182572000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
164954000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
140758000 USD
CY2021Q1 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
551024000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1431636000 USD
CY2021Q1 kbsriii Number Of Tenants
NumberOfTenants
590 tenant
CY2021Q1 kbsriii Annualized Base Rent
AnnualizedBaseRent
64522000 USD
CY2021Q1 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.292
CY2020Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19900000 USD
CY2021Q1 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
74606000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
75664000 USD
CY2021Q1 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
CY2020Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20239000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20239000 USD
CY2021Q1 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
49758000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
48714000 USD
CY2021Q1 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
723000 USD
CY2020Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
697000 USD
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
14711000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
14123000 USD
CY2021Q1 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
24848000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
26950000 USD
CY2021Q1 kbsriii Above Market Leases Net
AboveMarketLeasesNet
423000 USD
CY2020Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
449000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
5528000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
6116000 USD
CY2021Q1 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2102000 USD
CY2020Q1 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2775000 USD
CY2021Q1 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
26000 USD
CY2020Q1 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
37000 USD
CY2021Q1 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
604000 USD
CY2020Q1 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
760000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3300000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1200000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7407000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8380000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1389338000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1388365000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
6800000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
48800000 USD
CY2021Q1 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
-1500000 USD
CY2021Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4000000.0 USD
CY2020Q1 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
34700000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4000000.0 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
472950000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
566750000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
357045000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q1 kbsriii Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1396745000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1396745000 USD
CY2021Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
130000 USD
CY2020Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
91000 USD
CY2021Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2021Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2021Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2021Q1 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
4000000.0 USD
CY2021Q1 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
2000000.0 USD
CY2021Q1 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
2800000 USD
CY2021Q1 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
1800000 USD
CY2021Q1 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
400000 USD

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