$KBSR
KBS Real Estate Investment Trust III, Inc.

2022 Q1 Form 10-Q Financial Statement

#000148243022000025 Filed on May 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $80.30M $74.74M
YoY Change 7.45% -3.82%
Cost Of Revenue $36.30M $35.14M
YoY Change 3.31%
Gross Profit $44.00M $39.60M
YoY Change 11.12%
Gross Profit Margin 54.79% 52.98%
Selling, General & Admin $1.786M $1.722M
YoY Change 3.72%
% of Gross Profit 4.06% 4.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.22M $27.40M
YoY Change -0.65% 0.03%
% of Gross Profit 61.86% 69.19%
Operating Expenses $29.01M $29.12M
YoY Change -0.39%
Operating Profit $14.99M $10.48M
YoY Change 43.11%
Interest Expense $8.700M $8.300M
YoY Change 4.82% -82.99%
% of Operating Profit 58.02% 79.22%
Other Income/Expense, Net -$17.25M $23.76M
YoY Change -172.61% -1905.55%
Pretax Income $10.55M $27.42M
YoY Change -61.51%
Income Tax
% Of Pretax Income
Net Earnings $10.55M $27.42M
YoY Change -61.51% -146.56%
Net Earnings / Revenue 13.14% 36.69%
Basic Earnings Per Share $0.07 $0.15
Diluted Earnings Per Share $0.07 $0.15
COMMON SHARES
Basic Shares Outstanding 152.4M shares 184.9M shares
Diluted Shares Outstanding 152.4M shares 184.9M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $43.78M $146.2M
YoY Change -70.06%
Cash & Equivalents $43.78M $146.2M
Short-Term Investments
Other Short-Term Assets $95.27M $80.75M
YoY Change 17.99%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $230.6M $313.4M
YoY Change -26.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.876B $1.945B
YoY Change -3.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $163.0M $227.0M
YoY Change -28.2% -5.55%
Other Assets $2.032M $5.812M
YoY Change -65.04%
Total Long-Term Assets $2.042B $2.178B
YoY Change -6.28%
TOTAL ASSETS
Total Short-Term Assets $230.6M $313.4M
Total Long-Term Assets $2.042B $2.178B
Total Assets $2.272B $2.492B
YoY Change -8.82% -4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.69M $44.55M
YoY Change 60.9%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $85.56M $61.92M
YoY Change 38.17%
LONG-TERM LIABILITIES
Long-Term Debt $1.529B $1.389B
YoY Change 10.06%
Other Long-Term Liabilities $40.43M $87.73M
YoY Change -53.92%
Total Long-Term Liabilities $1.570B $1.477B
YoY Change 6.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $85.56M $61.92M
Total Long-Term Liabilities $1.570B $1.477B
Total Liabilities $1.655B $1.539B
YoY Change 7.55% -7.38%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.499M $1.851M
YoY Change -19.02% 1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $608.0M $897.8M
YoY Change
Total Liabilities & Shareholders Equity $2.272B $2.492B
YoY Change -8.82% -4.95%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $10.55M $27.42M
YoY Change -61.51% -146.56%
Depreciation, Depletion And Amortization $27.22M $27.40M
YoY Change -0.65% 0.03%
Cash From Operating Activities $7.533M $16.30M
YoY Change -53.77% -6.4%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$13.76M $78.82M
YoY Change -117.45%
Cash From Investing Activities -$13.76M $78.82M
YoY Change -117.45% -349.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.67M $3.112M
YoY Change 1174.58% 2.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $5.593M -$20.91M
YoY Change -126.74% -224.35%
NET CHANGE
Cash From Operating Activities $7.533M $16.30M
Cash From Investing Activities -$13.76M $78.82M
Cash From Financing Activities $5.593M -$20.91M
Net Change In Cash -$629.0K $74.20M
YoY Change -100.85% 2680.07%
FREE CASH FLOW
Cash From Operating Activities $7.533M $16.30M
Capital Expenditures $0.00
Free Cash Flow $16.30M
YoY Change

Facts In Submission

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KBS REAL ESTATE INVESTMENT TRUST III, INC.
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-5465000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6693000 USD
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-1793000 USD
CY2021Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-482000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-591000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-320000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7533000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16295000 USD
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
13755000 USD
CY2021Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
19182000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
98000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13755000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
78818000 USD
CY2022Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
62818000 USD
CY2021Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14000 USD
CY2022Q1 kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
749000 USD
CY2021Q1 kbsriii Interest Rate Swap Settlements For Off Market Swap Instruments Financing Activities
InterestRateSwapSettlementsForOffMarketSwapInstrumentsFinancingActivities
721000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
39665000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3112000 USD
CY2022Q1 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
89000 USD
CY2021Q1 kbsriii Payments Of Prepaid Other Offering Costs
PaymentsOfPrepaidOtherOfferingCosts
792000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16721000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16274000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5593000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20913000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-629000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
74200000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46436000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77811000 USD
CY2022Q1 kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45807000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152011000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
11181000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
11005000 USD
CY2022Q1 kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
7543000 USD
CY2021Q1 kbsriii Noncashincreasesdecreaseindistributionspayable
Noncashincreasesdecreaseindistributionspayable
9227000 USD
CY2022Q1 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
6266000 USD
CY2021Q1 kbsriii Distributions Paid To Common Stockholders Through Common Stock Issuances Pursuant To Dividend Reinvestment Plan
DistributionsPaidToCommonStockholdersThroughCommonStockIssuancesPursuantToDividendReinvestmentPlan
11326000 USD
CY2022Q1 kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
262000 USD
CY2021Q1 kbsriii Accrued Prepaid Other Offering Costs
AccruedPrepaidOtherOfferingCosts
0 USD
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36601000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
15064000 USD
CY2022Q1 kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
227000 USD
CY2021Q1 kbsriii Accrued Interest Rate Swap Settlements Related To Off Market Swap Instruments
AccruedInterestRateSwapSettlementsRelatedToOffMarketSwapInstruments
255000 USD
CY2022Q1 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.
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain amounts in the Company’s prior period consolidated financial statements have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods. During the three months ended March 31, 2022, the Company presented gains and losses on derivative instruments separate from interest expense on the Company’s consolidated statement of operations. Accordingly, the Company’s gains and losses on derivative instruments were reclassified for all periods presented.
CY2022Q1 kbsriii Dividend Reinvestment Plan Purchase Price Per Shareas Percentof Estimated Value
DividendReinvestmentPlanPurchasePricePerShareasPercentofEstimatedValue
0.95
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
CY2021Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.78
CY2021Q4 kbsriii Dividend Reinvestment Plan Purchase Price Per Share
DividendReinvestmentPlanPurchasePricePerShare
10.24
kbsriii Maximum Percentage Of Weighted Average Shares Outstanding Available For Redemption During Current Calendar Year
MaximumPercentageOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringCurrentCalendarYear
0.05
CY2021Q4 kbsriii Maximum Number Of Weighted Average Shares Outstanding Available For Redemption During Current Calendar Year
MaximumNumberOfWeightedAverageSharesOutstandingAvailableForRedemptionDuringCurrentCalendarYear
500000 shares
CY2021Q4 kbsriii Share Redemption Program Share Limitation For Special Redemptions
ShareRedemptionProgramShareLimitationForSpecialRedemptions
500000 shares
CY2022Q1 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
kbsriii Redemption Price Percentage Of Most Recent Estimated Value Per Share
RedemptionPricePercentageOfMostRecentEstimatedValuePerShare
0.96
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
CY2021Q4 kbsriii Estimated Value Per Share Of Companys Common Stock
EstimatedValuePerShareOfCompanysCommonStock
10.78
CY2022Q1 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
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.149
CY2021Q1 kbsriii Common Share Distribution Rate For Share Per Month Declared
CommonShareDistributionRateForSharePerMonthDeclared
0.04983333
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q1 kbsriii Grants Of Rent Deferrals Covid19
GrantsOfRentDeferralsCOVID19
3900000 USD
CY2022Q1 kbsriii Grants Of Rental Abatements Covid19
GrantsOfRentalAbatementsCOVID19
3200000 USD
CY2022Q1 kbsriii Deferred Lease Concessions Covid19
DeferredLeaseConcessionsCOVID19
800000 USD
CY2022Q1 kbsriii Reserve For Payments Not Probable To Collect Covid19
ReserveForPaymentsNotProbableToCollectCOVID19
500000 USD
CY2022Q1 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
400000 USD
CY2021Q1 kbsriii Reversal Of Rental Income For Abatements Granted To Tenants Covid19
ReversalOfRentalIncomeForAbatementsGrantedToTenantsCOVID19
400000 USD
CY2022Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
7300000 sqft
CY2022Q1 kbsriii Percentage Of Real Estate Portfolio Occupied
PercentageOfRealEstatePortfolioOccupied
0.841
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2471786000 USD
CY2022Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
595592000 USD
CY2022Q1 kbsriii Real Estate Investment Property Excluding Held For Sale
RealEstateInvestmentPropertyExcludingHeldForSale
1876194000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2200000 USD
CY2022Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
87000000 USD
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
85200000 USD
CY2022Q1 us-gaap Incentive To Lessee
IncentiveToLessee
22500000 USD
CY2021Q4 us-gaap Incentive To Lessee
IncentiveToLessee
22800000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
150623000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
183109000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
172841000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
155563000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
136685000 USD
CY2022Q1 kbsriii Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
514775000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1313596000 USD
CY2022Q1 kbsriii Number Of Tenants
NumberOfTenants
560 tenant
CY2022Q1 kbsriii Annualized Base Rent
AnnualizedBaseRent
66631000 USD
CY2022Q1 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
58311000 USD
CY2021Q4 kbsriii Tenant Origination And Absorption Costs Gross
TenantOriginationAndAbsorptionCostsGross
60162000 USD
CY2022Q1 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1002000 USD
CY2021Q4 kbsriii Above Market Leases Gross
AboveMarketLeasesGross
1112000 USD
CY2022Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
15252000 USD
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
15395000 USD
CY2022Q1 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
41317000 USD
CY2021Q4 kbsriii Tenant Origination And Absorption Costs Accumulated Amortization
TenantOriginationAndAbsorptionCostsAccumulatedAmortization
41387000 USD
CY2022Q1 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
678000 USD
CY2021Q4 kbsriii Above Market Leases Accumulated Amortization
AboveMarketLeasesAccumulatedAmortization
764000 USD
CY2022Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
12416000 USD
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
12118000 USD
CY2022Q1 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
16994000 USD
CY2021Q4 kbsriii Tenant Origination And Absorption Costs Net
TenantOriginationAndAbsorptionCostsNet
18775000 USD
CY2022Q1 kbsriii Above Market Leases Net
AboveMarketLeasesNet
324000 USD
CY2021Q4 kbsriii Above Market Leases Net
AboveMarketLeasesNet
348000 USD
CY2022Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
2836000 USD
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
3277000 USD
CY2022Q1 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
1780000 USD
CY2021Q1 kbsriii Tenant Origination And Absorption Costs Amortization Expense
TenantOriginationAndAbsorptionCostsAmortizationExpense
2102000 USD
CY2022Q1 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
24000 USD
CY2021Q1 kbsriii Above Market Leases Amortization Expense
AboveMarketLeasesAmortizationExpense
26000 USD
CY2022Q1 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
441000 USD
CY2021Q1 kbsriii Off Market Lease Unfavorable Amortization Expense
OffMarketLeaseUnfavorableAmortizationExpense
604000 USD
CY2022Q1 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
17300000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3300000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1535108000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1472290000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5934000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6892000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1529174000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1465398000 USD
CY2022Q1 kbsriii Debt Instrument Extension Period
DebtInstrumentExtensionPeriod
P12M
CY2022Q1 us-gaap Interest Expense
InterestExpense
8700000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
8300000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4100000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
4000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1013000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1162885000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
371210000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2022Q1 kbsriii Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1535108000 USD
CY2022Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2022Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.08
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1535108000 USD
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1472290000 USD
CY2022Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
46000 USD
CY2021Q1 us-gaap Payment For Administrative Fees
PaymentForAdministrativeFees
130000 USD
CY2022Q1 kbsriii Non Compounded Returnon Net Invested Capital
NonCompoundedReturnonNetInvestedCapital
0.080

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