$KBSR
KBS Real Estate Investment Trust III, Inc.

2021 Q2 Form 10-Q Financial Statement

#000148243021000058 Filed on August 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $73.85M $75.97M
YoY Change -2.79% -33.65%
Cost Of Revenue $35.15M
YoY Change
Gross Profit $38.71M
YoY Change
Gross Profit Margin 52.41%
Selling, General & Admin $1.880M
YoY Change
% of Gross Profit 4.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.92M $27.36M
YoY Change 2.05% -34.29%
% of Gross Profit 72.13%
Operating Expenses $29.80M
YoY Change
Operating Profit $8.908M
YoY Change
Interest Expense $8.300M $13.80M
YoY Change -39.86% -70.89%
% of Operating Profit 93.17%
Other Income/Expense, Net $79.00K $49.44M
YoY Change -99.84% 988640.0%
Pretax Income $88.00K
YoY Change
Income Tax
% Of Pretax Income
Net Earnings $88.00K $39.51M
YoY Change -99.78% -240.52%
Net Earnings / Revenue 0.12% 52.0%
Basic Earnings Per Share $0.00 $0.22
Diluted Earnings Per Share $0.00 $0.22
COMMON SHARES
Basic Shares Outstanding 185.7M shares 182.4M shares
Diluted Shares Outstanding 185.7M shares 182.4M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $136.9M
YoY Change
Cash & Equivalents $136.9M $48.37M
Short-Term Investments
Other Short-Term Assets $75.25M
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $301.7M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.935B
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $227.0M $239.5M
YoY Change -5.19%
Other Assets $2.825M
YoY Change
Total Long-Term Assets $2.165B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $301.7M
Total Long-Term Assets $2.165B
Total Assets $2.467B $2.644B
YoY Change -6.71% -19.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.76M
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 $58.37M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.645B
YoY Change
Other Long-Term Liabilities $80.76M
YoY Change
Total Long-Term Liabilities $1.726B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $58.37M
Total Long-Term Liabilities $1.726B
Total Liabilities $1.784B $1.664B
YoY Change 7.24% -31.98%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.862M $1.826M
YoY Change 1.97% 4.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $520.2M $911.2M
YoY Change
Total Liabilities & Shareholders Equity $2.467B $2.644B
YoY Change -6.71% -19.28%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $88.00K $39.51M
YoY Change -99.78% -240.52%
Depreciation, Depletion And Amortization $27.92M $27.36M
YoY Change 2.05% -34.29%
Cash From Operating Activities $27.70M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$14.08M
YoY Change
Cash From Investing Activities -$14.08M
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 -25.90M
YoY Change
NET CHANGE
Cash From Operating Activities 27.70M
Cash From Investing Activities -14.08M
Cash From Financing Activities -25.90M
Net Change In Cash -12.28M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $27.70M
Capital Expenditures $0.00
Free Cash Flow $27.70M
YoY Change

Facts In Submission

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KBS REAL ESTATE INVESTMENT TRUST III, INC.
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45652000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11718000 USD
CY2020Q2 kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
8475000 USD
CY2020Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3243000 USD
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
27268000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
11000 USD
CY2020Q2 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
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
898036000 USD
us-gaap Profit Loss
ProfitLoss
27511000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26285000 USD
kbsriii Adjustments To Additional Paid In Capital Transfers To Redeemable Common Stock
AdjustmentsToAdditionalPaidInCapitalTransfersToRedeemableCommonStock
370202000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
6083000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
55395000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
520152000 USD
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
us-gaap Profit Loss
ProfitLoss
27511000 USD
us-gaap Profit Loss
ProfitLoss
-13250000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55319000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
54750000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19896000 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
0 USD
kbsriii Noncash Interest Income On Real Estate Related Investment
NoncashInterestIncomeOnRealEstateRelatedInvestment
530000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
680000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3350000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1996000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
9904000 USD
kbsriii Distribution Of Operating Cash Flow From An Unconsolidated Entity
DistributionOfOperatingCashFlowFromAnUnconsolidatedEntity
11901000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3577000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2986000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1139000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1437000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1978000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2117000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
9830000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-34016000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-188000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
20459000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
50938000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Operating Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsOperatingActivities
1438000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Operating Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsOperatingActivities
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3033000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2688000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6823000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5446000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3451000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-8106000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1477000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1170000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
982000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1388000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43993000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
42721000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
33260000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
47873000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
98000000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
26571000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
0 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
3277000 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
0 USD
kbsriii Origination Costs On Real Estate Loan Receivable
OriginationCostsOnRealEstateLoanReceivable
120000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
64740000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24699000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
104510000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
72052000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
60000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1458000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
1431000 USD
kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6083000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6292000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
943000 USD
kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
848000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
6400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
38298000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31085000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46815000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13637000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
61918000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4385000 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
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139729000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53657000 USD
us-gaap Interest Paid Net
InterestPaidNet
22250000 USD
us-gaap Interest Paid Net
InterestPaidNet
26750000 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
0 USD
kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9102000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
26285000 USD
kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
23622000 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
254737000 USD
kbsriii Noncash Increaseinredeemablecommonstock
NoncashIncreaseinredeemablecommonstock
43000 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
0 USD
kbsriii Real Estate Loan Receivable Provided To Purchaser Of Real Estate
RealEstateLoanReceivableProvidedToPurchaserOfRealEstate
147678000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
464000 USD
kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
751000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15536000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
22932000 USD
kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
252000 USD
kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
0 USD
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.
CY2021Q2 kbsriii Dividend Reinvestment Plan Purchase Price Per Shareas Percentof Estimated Value
DividendReinvestmentPlanPurchasePricePerShareasPercentofEstimatedValue
0.95
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2020Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
11.07
CY2020Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.74
CY2021Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
10.21
CY2021Q2 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.77
CY2021Q2 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
10.23
kbsriii Periodof Termination Notice
PeriodofTerminationNotice
P10D
CY2021Q2 kbsriii Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
10.34
kbsriii Share Redemption Program Share Holding Term
ShareRedemptionProgramShareHoldingTerm
P1Y
kbsriii Maximum Percentage Of Weighted Average Shares Outstanding Available For Redemption During Any Calendar Year
MaximumPercentageOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringAnyCalendarYear
0.05
kbsriii Redemption Price Percentage Of Most Recent Estimated Value Per Share
RedemptionPricePercentageOfMostRecentEstimatedValuePerShare
0.95
CY2019Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
11.65
CY2020Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.74
CY2021Q2 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.77
CY2021Q2 kbsriii Stock Redemption Program Liabilities
StockRedemptionProgramLiabilities
254700000 USD
CY2021Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
162200000 USD
CY2021Q2 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 Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.298
CY2021Q2 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 Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q2 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
4000000.0 USD
CY2021Q2 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
2400000 USD
CY2021Q2 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
2300000 USD
CY2021Q2 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
1700000 USD
CY2021Q2 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
200000 USD
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 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
600000 USD
CY2021Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7500000 sqft
CY2021Q2 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.85
CY2021Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2483956000 USD
CY2021Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
549394000 USD
CY2021Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1934562000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3600000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3000000.0 USD
CY2021Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
85900000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
81200000 USD
CY2021Q2 us-gaap Incentive To Lessee
IncentiveToLessee
22100000 USD
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
19100000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
109178000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
198699000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
174361000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
159810000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
142510000 USD
CY2021Q2 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
567807000 USD
CY2021Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1352365000 USD
CY2021Q2 kbsriii Number Of Tenants
NumberOfTenants
570 tenant
CY2021Q2 kbsriii Annualized Base Rent
AnnualizedBaseRent
66208000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
19900000 USD
CY2021Q2 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
72707000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
75664000 USD
CY2021Q2 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1112000 USD
CY2020Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1146000 USD
CY2021Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20093000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
20239000 USD
CY2021Q2 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
49927000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
48714000 USD
CY2021Q2 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
715000 USD
CY2020Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
697000 USD
CY2021Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
15152000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
14123000 USD
CY2021Q2 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
22780000 USD
CY2020Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
26950000 USD
CY2021Q2 kbsriii Above Market Leases Net
AboveMarketLeasesNet
397000 USD
CY2020Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
449000 USD
CY2021Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
4941000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
6116000 USD
CY2021Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2067000 USD
CY2020Q2 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2518000 USD
CY2021Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
26000 USD
CY2020Q2 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
28000 USD
CY2021Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
587000 USD
CY2020Q2 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
742000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
4169000 USD
kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
5293000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
52000 USD
kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
65000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
1191000 USD
kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
1502000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3400000 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
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6437000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8380000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1390308000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1388365000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
8900000 USD
us-gaap Interest Expense
InterestExpense
15700000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
13800000 USD
us-gaap Interest Expense
InterestExpense
62500000 USD
CY2021Q2 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
600000 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
-1000000.0 USD
CY2020Q2 kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
3900000 USD
kbsriii Derivatives Increase Decrease Interest Expense
DerivativesIncreaseDecreaseInterestExpense
38600000 USD
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
3900000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4000000.0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
472950000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
566750000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
357045000 USD
CY2021Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q2 kbsriii Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1396745000 USD
CY2021Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1396745000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1396745000 USD
CY2021Q2 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
102000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
232000 USD
CY2020Q2 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
94000 USD
us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
185000 USD
CY2021Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080
CY2021Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2021Q2 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2021Q2 kbsriii Stock Repurchased During Period Price Per Share
StockRepurchasedDuringPeriodPricePerShare
10.34

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