KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) Interest Expense : $-126.2 Mil (TTM As of Mar. 2024)

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What is KBS Real Estate Investment Trust III Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. KBS Real Estate Investment Trust III's interest expense for the three months ended in Mar. 2024 was $ -32.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-126.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. KBS Real Estate Investment Trust III's Operating Income for the three months ended in Mar. 2024 was $ 1.4 Mil. KBS Real Estate Investment Trust III's Interest Expense for the three months ended in Mar. 2024 was $ -32.5 Mil. KBS Real Estate Investment Trust III's Interest Coverage for the quarter that ended in Mar. 2024 was 0.04. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

KBS Real Estate Investment Trust III Interest Expense Historical Data

The historical data trend for KBS Real Estate Investment Trust III's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KBS Real Estate Investment Trust III Interest Expense Chart

KBS Real Estate Investment Trust III Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-114.27

-42.03

-34.56

-60.26

-120.48

KBS Real Estate Investment Trust III Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-26.73	-29.35	-31.06	-33.34	-32.45

KBS Real Estate Investment Trust III Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-126.2 Mil.

KBS Real Estate Investment Trust III (OTCPK:KBSR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

KBS Real Estate Investment Trust III's Interest Expense for the three months ended in Mar. 2024 was $-32.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was $1.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,573.3 Mil.

KBS Real Estate Investment Trust III's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1.363	/	-32.452
	=	0.04

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. KBS Real Estate Investment Trust III Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

KBS Real Estate Investment Trust III (KBS Real Estate Investment Trust III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » KBS Real Estate Investment Trust III Inc (OTCPK:KBSR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 Newport Center Drive, Suite 700, Newport Beach, CA, USA, 92660

Website

http://www.kbsreitiii.com

KBS Real Estate Investment Trust III Inc is a real estate investment trust. The company invests in a diverse portfolio of real estate properties. It holds investments in office properties and mixed-use office/retail properties. The investment objective is to preserve and return stockholders capital contributions and to provide the stockholders with attractive and stable cash distributions.

Executives

Robert Milkovich	director	7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Marc Deluca	director	7297 HIGHLAND ESTATES PLACE, FALLS CHURCH VA 22043
Ron D. Sturzenegger	director	101 CALIFORNIA STREET, SUITE 1750, SAN FRANCISCO CA 94111
Jeffrey A. Dritley	director	C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Jeff Waldvogel	officer: Chief Financial Officer	C/O KBS REALTY ADVISORS, 800 NEWPORT CENTER DRIVE, SUITE 700, NEWPORT BEACH CA 92660
Stuart A Gabriel	director	155 N. LAKE AVENUE, PASADENA CA 91101
Peter Mcmillan	director, officer: Executive Vice President
Barbara R Cambon	director	17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Hank Adler	director	6 HUTTON CENTRE DRIVE, SUITE 400, SANTA ANA CA 92707
David E Snyder	officer: Chief Financial Officer	610 NEWPORT CENTER DRIVE, SUITE 1150, NEWPORT BEACH CA 92660
Schreiber Charles J Jr	director, officer: Chief Executive Officer	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Peter M Bren	officer: President	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Stacie K Yamane	officer: Chief Accounting Officer	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660
Keith D Hall	officer: Executive Vice President	620 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660

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