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LIKE other owners, Equity Office is hunkering down.
Then they refinance and abscond with the owners' equity.
Book value is net assets (assets minus liabilities), or "owners' equity", in accounting terminology.
This same identity is also expressed in another way: total assets minus total liabilities equals total owners' equity.
In the United States, for example, the owners' equity is divided between paid-in capital and retained earnings.
Among Mr. Lee's top holdings are two large United States apartment owners, Equity Residential and AvalonBay Communities.
Similar(28)
Whereas common-law courts had considered B to be the full owner, equity courts viewed him as merely the nominal owner and considered C the true, or "equitable," owner and rendered judgments on that basis.
Funded by $274 million in Goldman Sachs-issued bonds, a $46.7 million government direct loan and $17.6 million in owner equity and anticipated income, the project took five years to complete and involved more new construction than the military had anticipated.
Owner equity is what the owner could net from selling the property.
Of course, owner equity can also decline if house prices fall, as many owners discovered during the years 2007-2009.
Where the down payment is a one-time measure as of the purchase date, owner equity changes month by month.
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