KBS Real Estate Investment Trust II Inc. (the “Company”) was formed on July 12, 2007 as a Maryland corporation that elected to be taxed as a real estate investment trust (“REIT”) beginning with the taxable year ended December 31, 2008 and it intends to operate in such a manner. The Company invested in a diverse portfolio of real estate and real estate-related investments. As used herein, the terms “we,” “our” and “us” refer to the Company and as required by context, KBS Limited Partnership II, a Delaware limited partnership (the “Operating Partnership”), and their subsidiaries. We conduct our business primarily through our Operating Partnership, of which we are the sole general partner. Subject to certain restrictions and limitations, our business is managed by KBS Capital Advisors LLC (“KBS Capital Advisors”), our external advisor, pursuant to an advisory agreement. KBS Capital Advisors conducts our operations and manages our portfolio of real estate investments. Our advisor owns 20,000 shares of our common stock. We have no paid employees. On September 27, 2007, we filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) to offer a maximum of 280,000,000 shares of common stock for sale to the public, of which 200,000,000 shares were registered in our primary offering and 80,000,000 shares were registered under our dividend reinvestment plan. We ceased offering shares of common stock in our primary offering on December 31, 2010. We sold 182,681,633 shares of common stock in the primary offering for gross offering proceeds of $1.8 billion. We terminated the offering under our dividend reinvestment plan effective May 29, 2014. We sold 30,903,504 shares of common stock under our dividend reinvestment plan for gross offering proceeds of $298.2 million. Also as of December 31, 2019, we had redeemed 28,303,101 of the shares sold in our offering for $257.1 million.
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Company profile
Ticker
KBRS
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
CA Capital Management Services, LLC • KBS Limited Partnership • KBS REIT Holdings II LLC • KBS REIT Properties II, LLC • KBSII 100-200 Campus Drive, LLC ...
IRS number
260658752
Latest filings (excl ownership)
15-12G
Securities registration termination
5 May 23
8-K
Entry into a Material Definitive Agreement
27 Apr 23
8-K
Other Events
18 Apr 23
8-K
Completion of Acquisition or Disposition of Assets
5 Apr 23
10-K
2022 FY
Annual report
5 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
8-K
Entry into a Material Definitive Agreement
23 Mar 23
8-K
Entry into a Material Definitive Agreement
17 Mar 23
8-K
Entry into a Material Definitive Agreement
9 Mar 23
8-K
Entry into a Material Definitive Agreement
1 Mar 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 46.44 mm | 46.44 mm | 46.44 mm | 46.44 mm | 46.44 mm | |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 2.00 k | |
Cash used (since last report) | n/a | n/a | n/a | n/a | 35.88 k | |
Cash remaining | n/a | n/a | n/a | n/a | 46.40 mm | |
Runway (months of cash) | n/a | n/a | n/a | n/a | 23202.1 |