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.
Urban Edge Properties's Sloan Ratio for the quarter that ended in Mar. 2024 was 7.87%.
As of Mar. 2024, Urban Edge Properties has a Sloan Ratio of 7.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Urban Edge Properties Sloan Ratio % Historical Data
The historical data trend for Urban Edge Properties's Sloan Ratio % can be seen below:
* 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 Urban Edge Properties's Sloan Ratio %
For the REIT - Retail subindustry, Urban Edge 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.
Urban Edge Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Urban Edge Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Urban Edge Properties's Sloan Ratio % falls into.
Urban Edge 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.
Urban Edge Properties's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Urban Edge Properties's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 10.262 (Jun. 2023 ) + 36.118 (Sep. 2023 ) + 221.235 (Dec. 2023 ) + 2.603 (Mar. 2024 ) = $270.2 Mil.
Urban Edge Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 39.027 (Jun. 2023 ) + 34.403 (Sep. 2023 ) + 60.163 (Dec. 2023 ) + 22.922 (Mar. 2024 ) = $156.5 Mil.
Urban Edge Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -33.657 (Jun. 2023 ) + -30.021 (Sep. 2023 ) + -31.227 (Dec. 2023 ) + -44.302 (Mar. 2024 ) = $-139.2 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.
Urban Edge Properties (NYSE:UE) 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 Mar. 2024, Urban Edge Properties has a Sloan Ratio of 7.87%, indicating the company is in the safe zone and there is no funny business with accruals.
Urban Edge Properties Sloan Ratio % Related Terms
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Urban Edge Properties (Urban Edge Properties) Business Description
Urban Edge Properties is a real estate investment trust principally focused on the management and development of retail real estate properties in urban communities in the U.S. Having originally been created to hold the majority of Vornado Realty Trust's shopping center businesses, Urban Edge's asset portfolio is mostly composed of shopping centers and malls in terms of total square footage. The company's holdings include necessity and convenience-oriented retailers, such as department stores, grocers, health clubs, and restaurants. Urban Edge's properties are mainly located in the New York City metropolitan region and within the DC to Boston corridor. The company generates nearly all of its revenue through the collection of rent from a large number of tenants.
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