KBS Real Estate Investment Trust III, Inc. Overview
Industry: REIT Office
Sector: Real Estate
KBS Real Estate Investment Trust III, Inc. (the Company) is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) and it intends to continue to operate in such a manner. As used herein, the terms we, our and us refer to the Company and as required by context, KBS Limited Partnership III, a Delaware limited partnership, which we refer to as our Operating Partnership, and to their subsidiaries. We conduct our business primarily through our Operating Partnership, of which we are the sole general partner. We have invested in a diverse portfolio of real estate investments. As of December 31, 2022, we owned 16 office properties, one mixed-use office/retail property and an investment in the equity securities of a Singapore real estate investment trust (the SREIT). We commenced our initial public offering on October 26, 2010, the primary portion of which terminated in July 2015. KBS Capital Markets Group LLC served as dealer manager for the offering. We sold 169,006,162 shares of common stock in our now-terminated primary initial public offering for gross offering proceeds of $1.7 billion. As of December 31, 2022, we had also sold 44,254,383 shares of common stock under our dividend reinvestment plan for gross offering proceeds of $455.1 million. Also as of December 31, 2022, we had redeemed or repurchased 73,295,267 shares sold in our initial public offering for $777.1 million. Additionally, on October 3, 2014, we issued 258,462 shares of common stock, for $2.4 million, in private transactions exempt from the registration requirements pursuant to Section 4(a)(2) of the Securities Act of 1933. We continue to offer shares of common stock under our dividend reinvestment plan. In some states, we will need to renew the registration statement annually or file a new registration statement to continue the dividend reinvestment plan offering. We may terminate our dividend reinvestment plan offering at any time. KBS Real Estate Investment Trust III, Inc. (the Company) is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) and it intends to continue to operate in such a manner. As used herein, the terms we, our and us refer to the Company and as required by Read MoreKBS Real Estate Investment Trust III, Inc. is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
KBS Real Estate Investment Trust III, Inc.
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Recent News
Earnings Per Share
Score 2.00/5
KBS Real Estate Investment Trust III, Inc. earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
Manhattan Bridge Capital Inc
Essex Property Trust Inc
St. Joe
In
REIT Office industry
, Equity Commonwealth
, Empire State Realty OP, L.P.
, Empire State Realty OP, L.P.
are companies with high ratings.
Return on Equity
Score 0.00/5
KBS Real Estate Investment Trust III, Inc. exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
St. Joe
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In
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, Equity Commonwealth
, Empire State Realty OP, L.P.
, Empire State Realty OP, L.P.
are companies with high ratings.
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Net Margin
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KBS Real Estate Investment Trust III, Inc.
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
Manhattan Bridge Capital Inc
Essex Property Trust Inc
St. Joe
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In
REIT Office industry
, Equity Commonwealth
, Empire State Realty OP, L.P.
, Empire State Realty OP, L.P.
are companies with high ratings.
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Leverage
Score 0.70/5
KBS Real Estate Investment Trust III, Inc.
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Manhattan Bridge Capital Inc
Essex Property Trust Inc
St. Joe
have achieved high scores.
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In
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, Equity Commonwealth
, Empire State Realty OP, L.P.
, Empire State Realty OP, L.P.
are companies with high ratings.
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