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 Apr. 2023, Urstadt Biddle Properties has a Sloan Ratio of -1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Urstadt Biddle 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 Urstadt Biddle Properties's Sloan Ratio %
For the REIT - Retail subindustry, Urstadt Biddle 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.
Urstadt Biddle Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Urstadt Biddle Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Urstadt Biddle Properties's Sloan Ratio % falls into.
Urstadt Biddle 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.
Urstadt Biddle Properties's Sloan Ratio for the fiscal year that ended in Oct. 2022 is calculated as
Urstadt Biddle Properties's Net Income for the trailing twelve months (TTM) ended in Apr. 2023 was 10.043 (Jul. 2022 ) + 10.33 (Oct. 2022 ) + 10.215 (Jan. 2023 ) + 8.61 (Apr. 2023 ) = $39.2 Mil.
Urstadt Biddle Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2023 was 22.422 (Jul. 2022 ) + 20.446 (Oct. 2022 ) + 16.735 (Jan. 2023 ) + 19.955 (Apr. 2023 ) = $79.6 Mil.
Urstadt Biddle Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2023 was -5.664 (Jul. 2022 ) + -5.087 (Oct. 2022 ) + -4.997 (Jan. 2023 ) + -6.406 (Apr. 2023 ) = $-22.2 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.
Urstadt Biddle Properties (NYSE:UBA) 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 Apr. 2023, Urstadt Biddle Properties has a Sloan Ratio of -1.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Urstadt Biddle Properties Sloan Ratio % Related Terms
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Urstadt Biddle Properties (Urstadt Biddle Properties) Business Description
Urstadt Biddle Properties Inc is a real estate investment trust. It is engaged in acquisition, ownership, and management of the commercial real estate. The company's business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York. The company's operating segment is one of its property, Ridgeway, located in Stamford, Connecticut, US.
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