KBS Growth & Income REIT, Inc. (KBSG) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 NEWPORT CENTER DRIVE
NEWPORT BEACH, CA 92660
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,2817,8823,8076,2876,6482,523
Cash and cash equivalents5,2817,8823,8076,2876,6482,523
Total current assets:5,2817,8823,8076,2876,6482,523
Noncurrent Assets
Property, plant and equipment16,76419,82221,35320,70931,30931,309
Deferred costs   100200200200
Total noncurrent assets:16,76419,82221,45320,90931,50931,509
Other undisclosed assets92,865110,451126,318155,045147,505153,108
TOTAL ASSETS:114,910138,155151,578182,241185,662187,140
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities600300300400400300
Interest and dividends payable300300400400300
Accrued liabilities600     
Total current liabilities:600300300400400300
Noncurrent Liabilities
Liabilities, other than long-term debt    2,5333,8685,910
Off-market lease, unfavorable    2,5333,8685,910
Total noncurrent liabilities:    2,5333,8685,910
Other undisclosed liabilities113,224116,805111,438131,030125,803119,197
Total liabilities:113,824117,105111,738133,963130,071125,407
Temporary equity, carrying amount  2502501,0001,0002,314
Equity
Equity, attributable to parent, including:1,08620,80039,59047,27854,59159,419
Additional paid in capital85,34085,15885,24884,18479,90776,265
Other undisclosed equity, attributable to parent(84,254)(64,358)(45,658)(36,906)(25,316)(16,846)
Total equity:1,08620,80039,59047,27854,59159,419
TOTAL LIABILITIES AND EQUITY:114,910138,155151,578182,241185,662187,140

Income Statement (P&L) ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues14,60216,27618,05220,91222,18016,961
Revenue, net22,02116,865
Operating lease, lease income14,46616,099  
Cost of revenue(15,344)(31,722)(21,435)(25,365)(24,376)(17,531)
Cost of goods and services sold(3,721)(5,666)(5,558)(6,562)(6,589)(4,415)
Gross profit:(742)(15,446)(3,383)(4,453)(2,196)(570)
Operating expenses(20,536)(1,509)(8,057)(1,755)(1,452)(1,471)
Operating loss:(21,278)(16,955)(11,440)(6,208)(3,648)(2,041)
Nonoperating income1,382 14614748
Investment income, nonoperating   14614748
Interest and debt expense(4,185)(2,343)(4,994)(7,032)(5,302)(3,493)
Loss from continuing operations before equity method investments, income taxes:(24,081)(19,298)(16,420)(13,179)(8,903)(5,486)
Loss from equity method investments   (827)   
Loss from continuing operations:(24,081)(19,298)(17,247)(13,179)(8,903)(5,486)
Loss before gain (loss) on sale of properties:(19,298)(17,247)(13,179)(8,903)(5,486)
Net loss:(24,081)(19,298)(17,247)(13,179)(8,903)(5,486)
Other undisclosed net income attributable to parent4,1852,34310,2107,0775,3023,287
Net loss available to common stockholders, diluted:(19,896)(16,955)(7,037)(6,102)(3,601)(2,199)

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(24,081)(19,298)(17,247)(13,179)(8,903)(5,486)
Comprehensive loss, net of tax, attributable to parent:(24,081)(19,298)(17,247)(13,179)(8,903)(5,486)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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