Mill Residential REIT (LSE:MRR) Piotroski F-Score

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What is Mill Residential REIT Piotroski F-Score?

Mill Residential REIT does not have enough data to calculate Piotroski F-Score.

Mill Residential REIT Piotroski F-Score Historical Data

The historical data trend for Mill Residential REIT's Piotroski F-Score can be seen below:

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Mill Residential REIT Piotroski F-Score Chart

Mill Residential REIT Annual Data

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Piotroski F-Score

Mill Residential REIT Semi-Annual Data
	Apr15
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Mill Residential REIT (LSE:MRR) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Mill Residential REIT (LSE:MRR) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mill Residential REIT PLC (LSE:MRR) » Definitions » Piotroski F-Score

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http://www.millresidentialreit.co.uk

Mill Residential REIT PLC was incorporated and registered in England and Wales under the 2006 Act on October 20, 2014 as a private company with the name of Mill REIT Limited. On October 22, 2014 the Company changed its name to Mill Residential REIT Limited and on November 13, 2014 the Company re-registered as a public limited company with the name of Mill Residential REIT PLC. It is a buy-to-let REIT, specializing in residential property investment. Its assets comprise of a portfolio of seven buy-to-let properties.

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