A basic tenet of double-entry book-keeping is that total assets (what a business owns) must equal liabilities plus equity (how the assets are financed). In other words, the balance sheet must balance.

An asset's book value is the carrying value of that asset on the company's balance sheet. Carrying value is the asset's original cost less any accumulated depreciation or amortization. Accumulated ...

Judging from where the stock is currently trading, it is priced at a 25% discount to its balance sheet book value. Even accounting for a scenario where NLOP sells its properties for a cap rate ...