KBS Growth & Income REIT, Inc. (KBSG) Financial Statements (2025 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 | 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 investments | 5,281 | 7,882 | 3,807 | 6,287 | 6,648 | 2,523 | |||
| Cash and cash equivalents | 5,281 | 7,882 | 3,807 | 6,287 | 6,648 | 2,523 | |||
| Total current assets: | 5,281 | 7,882 | 3,807 | 6,287 | 6,648 | 2,523 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 16,764 | 19,822 | 21,353 | 20,709 | 31,309 | 31,309 | |||
| Deferred costs | 100 | 200 | 200 | 200 | |||||
| Total noncurrent assets: | 16,764 | 19,822 | 21,453 | 20,909 | 31,509 | 31,509 | |||
| Other undisclosed assets | 92,865 | 110,451 | 126,318 | 155,045 | 147,505 | 153,108 | |||
| TOTAL ASSETS: | 114,910 | 138,155 | 151,578 | 182,241 | 185,662 | 187,140 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 600 | 300 | 300 | 400 | 400 | 300 | |||
| Interest and dividends payable | ✕ | ✕ | 300 | 300 | 400 | 400 | 300 | ||
| Accrued liabilities | 600 | ||||||||
| Total current liabilities: | 600 | 300 | 300 | 400 | 400 | 300 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,533 | 3,868 | 5,910 | ||||||
| Off-market lease, unfavorable | 2,533 | 3,868 | 5,910 | ||||||
| Total noncurrent liabilities: | 2,533 | 3,868 | 5,910 | ||||||
| Other undisclosed liabilities | 113,224 | 116,805 | 111,438 | 131,030 | 125,803 | 119,197 | |||
| Total liabilities: | 113,824 | 117,105 | 111,738 | 133,963 | 130,071 | 125,407 | |||
| Temporary equity, carrying amount | 250 | 250 | 1,000 | 1,000 | 2,314 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,086 | 20,800 | 39,590 | 47,278 | 54,591 | 59,419 | |||
| Additional paid in capital | 85,340 | 85,158 | 85,248 | 84,184 | 79,907 | 76,265 | |||
| Other undisclosed equity, attributable to parent | (84,254) | (64,358) | (45,658) | (36,906) | (25,316) | (16,846) | |||
| Total equity: | 1,086 | 20,800 | 39,590 | 47,278 | 54,591 | 59,419 | |||
| TOTAL LIABILITIES AND EQUITY: | 114,910 | 138,155 | 151,578 | 182,241 | 185,662 | 187,140 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,602 | 16,276 | 18,052 | 20,912 | 22,180 | 16,961 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 22,021 | 16,865 | |
| Operating lease, lease income | 14,466 | 16,099 | ✕ | ✕ | ||||
| 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 income | 1,382 | 14 | 61 | 47 | 48 | |||
| Investment income, nonoperating | 14 | 61 | 47 | 48 | ||||
| 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 parent | 4,185 | 2,343 | 10,210 | 7,077 | 5,302 | 3,287 | ||
| 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 | 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.