How does KBSR's PS Ratio compare to its peers?

KBSR is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.5x).

How does KBSR's PS Ratio compare vs other companies in the US Office REITs Industry?

KBSR is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Office REITs industry average (2.9x).

What is KBSR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate KBSR's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of KBSR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

KBSR ($0.9) is trading below our estimate of [[fair value]] ($2.39)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

KBSR Stock Overview

KBS Real Estate Investment Trust III, Inc. More details

KBSR fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Trading at 62.3% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Earnings have declined by 59.6% per year over past 5 years

My Notes

Capture your thoughts, links and company narrative

KBS Real Estate Investment Trust III, Inc. Competitors

Equity Commonwealth

NYSE:EQC

US$187.0m

Office Properties Income Trust

NasdaqGS:OPI

US$59.7m

City Office REIT

NYSE:CIO

US$214.0m

Franklin Street Properties

NYSEAM:FSP

US$191.6m

Price History & Performance

Summary of share price highs, lows and changes for KBS Real Estate Investment Trust III
Historical stock prices
Current Share Price	US$0.90
52 Week High	US$3.37
52 Week Low	US$0.69
Beta	-451.65
1 Month Change	9.20%
3 Month Change	n/a
1 Year Change	-67.86%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-88.39%

Recent updates

Shareholder Returns

	KBSR	US Office REITs	US Market
7D	0%	-7.3%	-3.5%
1Y	-67.9%	4.1%	22.1%

Return vs Industry: KBSR underperformed the US Office REITs industry which returned 4.1% over the past year.

Return vs Market: KBSR underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is KBSR's price volatile compared to industry and market?
KBSR volatility
KBSR Average Weekly Movement	n/a
Office REITs Industry Average Movement	4.4%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: KBSR's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine KBSR's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2009	n/a	Chuck Schreiber	kbs-cmg.com/offerings/kbs-real-estate-investment-trust-iii/

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.

KBS Real Estate Investment Trust III, Inc. Fundamentals Summary

How do KBS Real Estate Investment Trust III's earnings and revenue compare to its market cap?
KBSR fundamental statistics
Market cap	US$133.66m
Earnings (TTM)	-US$53.53m
Revenue (TTM)	US$282.34m

0.5x

P/S Ratio

-2.5x

P/E Ratio

Is KBSR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KBSR income statement (TTM)
Revenue	US$282.34m
Cost of Revenue	US$144.70m
Gross Profit	US$137.64m
Other Expenses	US$191.17m
Earnings	-US$53.53m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.36
Gross Margin	48.75%
Net Profit Margin	-18.96%
Debt/Equity Ratio	669.2%

How did KBSR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 19:46
End of Day Share Price	2024/12/13 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

KBS Real Estate Investment Trust III, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

KBS Real Estate Investment Trust III OTCPK:KBSR Stock Report