Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2018, Chambers Street Properties has a Sloan Ratio of 8.23%, indicating the company is in the safe zone and there is no funny business with accruals.
Chambers Street Properties Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Chambers Street Properties's Sloan Ratio %
For the REIT - Industrial subindustry, Chambers Street Properties's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Chambers Street Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Chambers Street Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Chambers Street Properties's Sloan Ratio % falls into.
Chambers Street Properties Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Chambers Street Properties's Net Income for the trailing twelve months (TTM) ended in Jun. 2018 was 50.129 (Sep. 2017 ) + 17.935 (Dec. 2017 ) + 27.062 (Mar. 2018 ) + 24.432 (Jun. 2018 ) = $119.6 Mil.
Chambers Street Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2018 was 61.604 (Sep. 2017 ) + 102.652 (Dec. 2017 ) + 72.823 (Mar. 2018 ) + 75.46 (Jun. 2018 ) = $312.5 Mil.
Chambers Street Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2018 was -763.954 (Sep. 2017 ) + 70.146 (Dec. 2017 ) + 73.38 (Mar. 2018 ) + -102.089 (Jun. 2018 ) = $-722.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chambers Street Properties (NYSE:CSG) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2018, Chambers Street Properties has a Sloan Ratio of 8.23%, indicating the company is in the safe zone and there is no funny business with accruals.
Chambers Street Properties Sloan Ratio % Related Terms
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Chambers Street Properties (Chambers Street Properties) Business Description
Gramercy Property Trust is a real estate investment trust engaged in acquisition and management of single-tenant industrial, office, and specialty properties in the U.S. and Europe. In terms of total value, the vast majority of the company's real estate portfolio is split between offices and industrial properties, such as warehouses and distribution centers, located in urban markets throughout the U.S. Gramercy Property derives nearly all of its income in the form of rental revenue from tenants signed to medium- to long-term leases. The company's assets are fairly evenly dispersed between America's large metropolitan areas, such as Dallas, Los Angeles, New York, and Chicago. Gramercy's major tenants include firms from the financial, healthcare, consumer product, and technology industries.
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