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.
Stag Industrial's Sloan Ratio for the quarter that ended in Dec. 2023 was 1.94%.
As of Dec. 2023, Stag Industrial has a Sloan Ratio of 1.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Stag Industrial Sloan Ratio % Historical Data
The historical data trend for Stag Industrial'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 Stag Industrial's Sloan Ratio %
For the REIT - Industrial subindustry, Stag Industrial'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.
Stag Industrial's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Stag Industrial's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Stag Industrial's Sloan Ratio % falls into.
Stag Industrial 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.
Stag Industrial's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Stag Industrial's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 49.466 (Mar. 2023 ) + 51.606 (Jun. 2023 ) + 50.04 (Sep. 2023 ) + 41.733 (Dec. 2023 ) = $192.8 Mil.
Stag Industrial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 86.421 (Mar. 2023 ) + 109.802 (Jun. 2023 ) + 103.283 (Sep. 2023 ) + 91.586 (Dec. 2023 ) = $391.1 Mil.
Stag Industrial's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 9.833 (Mar. 2023 ) + -35.439 (Jun. 2023 ) + -207.547 (Sep. 2023 ) + -87.193 (Dec. 2023 ) = $-320.3 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.
Stag Industrial (NYSE:STAG) 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 Dec. 2023, Stag Industrial has a Sloan Ratio of 1.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Stag Industrial Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Stag Industrial's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stag Industrial (Stag Industrial) Business Description
Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
STAG has been successfully added to your 