KBS Real Estate Investment Trust III Inc
BS Real Estate Investment Trust III, Inc. (the "Company") was formed on December 22, 2009 as a Maryland corporation that elected to be taxed as a real estate investment trust ("REIT") beginning with the taxable year ended December 31, 2011 and it intends to continue to operate in such manner. Substantially all of the Company's business is conducted through KBS Limited Partnership III (the "Operat… Read more
KBS Real Estate Investment Trust III Inc (KBSR) - Net Assets
Latest net assets as of September 2025: $196.68 Million USD
Based on the latest financial reports, KBS Real Estate Investment Trust III Inc (KBSR) has net assets worth $196.68 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.59 Billion) and total liabilities ($1.40 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $196.68 Million |
| % of Total Assets | 12.34% |
| Annual Growth Rate | 0.93% |
| 5-Year Change | -71.43% |
| 10-Year Change | -55.82% |
| Growth Volatility | 60.5 |
KBS Real Estate Investment Trust III Inc - Net Assets Trend (2012–2024)
This chart illustrates how KBS Real Estate Investment Trust III Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KBS Real Estate Investment Trust III Inc (2012–2024)
The table below shows the annual net assets of KBS Real Estate Investment Trust III Inc from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $256.56 Million | -4.06% |
| 2023-12-31 | $267.41 Million | -36.58% |
| 2022-12-31 | $421.67 Million | -32.01% |
| 2021-12-31 | $620.19 Million | -30.94% |
| 2020-12-31 | $898.04 Million | -8.86% |
| 2019-12-31 | $985.31 Million | +5.85% |
| 2018-12-31 | $930.89 Million | -13.76% |
| 2017-12-31 | $1.08 Billion | -9.55% |
| 2016-12-31 | $1.19 Billion | +105.51% |
| 2013-12-31 | $580.70 Million | +152.94% |
| 2012-12-31 | $229.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KBS Real Estate Investment Trust III Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 105822300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.49 Million | 0.58% |
| Other Components | $1.31 Billion | 511.89% |
| Total Equity | $256.56 Million | 100.00% |
KBS Real Estate Investment Trust III Inc Competitors by Market Cap
The table below lists competitors of KBS Real Estate Investment Trust III Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMAX China Holding Inc
PINK:IMXCF
|
$83.18 Million |
|
HIM International Music
TWO:8446
|
$83.18 Million |
|
San Fu Chemical Co Ltd
TW:4755
|
$83.18 Million |
|
Campine
BR:CAMB
|
$83.19 Million |
|
Orient Green Power Company Limited
NSE:GREENPOWER
|
$83.17 Million |
|
Finance of America Companies Inc
NYSE:FOA
|
$83.16 Million |
|
YUEXIU SERVICES GROUP LTD
F:5R9
|
$83.15 Million |
|
Prima Andalan Mandiri Tbk PT
JK:MCOL
|
$83.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KBS Real Estate Investment Trust III Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 267,412,000 to 256,559,000, a change of -10,853,000 (-4.1%).
- Net loss of 10,851,000 reduced equity.
- Other comprehensive income increased equity by 1,047,372,000.
- Other factors decreased equity by 1,047,374,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.85 Million | -4.23% |
| Other Comprehensive Income | $1.05 Billion | +408.24% |
| Other Changes | $-1.05 Billion | -408.24% |
| Total Change | $- | -4.06% |
Book Value vs Market Value Analysis
This analysis compares KBS Real Estate Investment Trust III Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 28.73x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.02 | $0.65 | x |
| 2012-12-31 | $0.01 | $0.65 | x |
| 2013-12-31 | $0.01 | $0.65 | x |
| 2014-12-31 | $0.01 | $0.65 | x |
| 2015-12-31 | $6.98 | $0.65 | x |
| 2016-12-31 | $6.48 | $0.65 | x |
| 2017-12-31 | $5.86 | $0.65 | x |
| 2018-12-31 | $5.05 | $0.65 | x |
| 2019-12-31 | $5.63 | $0.65 | x |
| 2020-12-31 | $4.91 | $0.65 | x |
| 2021-12-31 | $3.60 | $0.65 | x |
| 2022-12-31 | $2.83 | $0.65 | x |
| 2023-12-31 | $1.80 | $0.65 | x |
| 2024-12-31 | $1.73 | $0.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KBS Real Estate Investment Trust III Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.91%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 7.11x
- Recent ROE (-4.23%) is above the historical average (-5.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -2.90% | -97.13% | 0.02x | 1.55x | $-10.87 Million |
| 2012 | -3.71% | -28.16% | 0.08x | 1.69x | $-28.40 Million |
| 2013 | -4.30% | -26.90% | 0.06x | 2.61x | $-71.92 Million |
| 2014 | -1.32% | -6.54% | 0.08x | 2.56x | $-105.66 Million |
| 2015 | -2.25% | -9.63% | 0.10x | 2.44x | $-157.70 Million |
| 2016 | 0.06% | 0.20% | 0.12x | 2.67x | $-118.54 Million |
| 2017 | 0.13% | 0.35% | 0.12x | 2.98x | $-106.54 Million |
| 2018 | 0.36% | 0.83% | 0.12x | 3.55x | $-89.73 Million |
| 2019 | 14.29% | 39.61% | 0.13x | 2.68x | $42.27 Million |
| 2020 | -11.36% | -35.39% | 0.12x | 2.79x | $-191.78 Million |
| 2021 | 16.59% | 36.73% | 0.12x | 3.63x | $40.88 Million |
| 2022 | -19.64% | -30.11% | 0.12x | 5.36x | $-124.96 Million |
| 2023 | -58.91% | -52.39% | 0.14x | 8.00x | $-184.27 Million |
| 2024 | -4.23% | -3.91% | 0.15x | 7.11x | $-36.51 Million |
Industry Comparison
This section compares KBS Real Estate Investment Trust III Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KBS Real Estate Investment Trust III Inc (KBSR) | $196.68 Million | -2.90% | 7.10x | $83.17 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |