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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.
Centuria Office REIT's Sloan Ratio for the quarter that ended in Jun. 2026 was -2.46%.
As of Jun. 2026, Centuria Office REIT has a Sloan Ratio of -2.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Centuria Office REIT (ASX:COF) 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. 2026, Centuria Office REIT has a Sloan Ratio of -2.46%, indicating the company is in the safe zone and there is no funny business with accruals.
Centuria Office REIT Sloan Ratio % Related Terms
Centuria Office REIT Sloan Ratio % Historical Data
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The historical data trend for Centuria Office REIT'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.
ASX:COF vs BXP, ARE, VNO: Sloan Ratio % Comparison
For the REIT - Office subindustry, Centuria Office REIT'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.
Centuria Office REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Centuria Office REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Centuria Office REIT's Sloan Ratio % falls into.
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.
Centuria Office REIT's Sloan Ratio for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Centuria Office REIT's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 61.536 (Dec. 2025 ) + -6.345 (Jun. 2026 ) = A$55.2 Mil.
Centuria Office REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 21.736 (Dec. 2025 ) + 24.637 (Jun. 2026 ) = A$46.4 Mil.
Centuria Office REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -22.826 (Dec. 2025 ) + 78.265 (Jun. 2026 ) = A$55.4 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.
Centuria Office REIT (ASX:COF) has a Sloan Ratio % of -2.46% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Centuria Office REIT and its competitors.
Is Centuria Office REIT's Sloan Ratio % too high?
Centuria Office REIT's current Sloan Ratio % is -2.46%. Overall, Centuria Office REIT has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Centuria Office REIT's Sloan Ratio % compare to BXP and ARE?
Centuria Office REIT's Sloan Ratio % of -2.46% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a REITs company?
A good Sloan Ratio % depends on the REITs industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Centuria Office REIT and its competitors. Centuria Office REIT's current Sloan Ratio % is -2.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuria Office REIT stock overvalued right now?
Based on GuruFocus' analysis, Centuria Office REIT (ASX:COF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.12, compared to a current price of A$0.88 — trading 21.9% below its estimated fair value. The current Sloan Ratio % is -2.46%. Centuria Office REIT's overall GF Score™ is 64/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Centuria Office REIT (ASX:COF), the current Sloan Ratio % is -2.46% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Centuria Office REIT (ASX:COF) Overvalued in 2026?
Based on GuruFocus' analysis, Centuria Office REIT stock appears to be undervalued.
The current stock price of A$0.88 is trading 21.9% below its estimated GF Value™ of A$1.12.
GuruFocus considers Centuria Office REIT to be Modestly Undervalued.
Key valuation signals for ASX:COF:
Sloan Ratio %: -2.46%
GF Value™: A$1.12 vs. price of A$0.88 (21.9% below fair value)
No single metric tells the full story. See the ASX:COF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centuria Office REIT is an externally managed real estate investment vehicle. The trust holds a portfolio of office buildings and passes most of the income generated from leasing out these properties to unitholders. Centuria Office focuses on suburban offices, with nearly the entire portfolio located in major Australian capital cities and rated modern A grade.The external manager, Centuria Capital Group, receives fees from Centuria Office in exchange for leasing, property management, and development management services, and retains a 19% interest in the trust. Centuria Office REIT was originally called Centuria Metropolitan REIT. It was renamed in 2020 after selling its industrial assets and becoming a pure-play office REIT.
64GF Score
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