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.
Winthrop Realty Trust's Sloan Ratio for the quarter that ended in Jun. 2014 was 17.95%.
As of Jun. 2014, Winthrop Realty Trust has a Sloan Ratio of 17.95%, indicating there is a warning stage of accrual build up.
Winthrop Realty Trust Sloan Ratio % Historical Data
The historical data trend for Winthrop Realty Trust'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 Winthrop Realty Trust's Sloan Ratio %
For the REIT - Diversified subindustry, Winthrop Realty Trust'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.
Winthrop Realty Trust's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Winthrop Realty Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Winthrop Realty Trust's Sloan Ratio % falls into.
Winthrop Realty Trust 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.
Winthrop Realty Trust's Sloan Ratio for the fiscal year that ended in Dec. 2013 is calculated as
Winthrop Realty Trust's Net Income for the trailing twelve months (TTM) ended in Jun. 2014 was 11.728 (Sep. 2013 ) + -5.07 (Dec. 2013 ) + 0.641 (Mar. 2014 ) + 8.962 (Jun. 2014 ) = $16.26 Mil.
Winthrop Realty Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2014 was 9.219 (Sep. 2013 ) + 4.433 (Dec. 2013 ) + 12.666 (Mar. 2014 ) + 5.147 (Jun. 2014 ) = $31.47 Mil.
Winthrop Realty Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2014 was -34.813 (Sep. 2013 ) + -214.912 (Dec. 2013 ) + -11.726 (Mar. 2014 ) + 48.235 (Jun. 2014 ) = $-213.22 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.
Winthrop Realty Trust (NYSE:FUR) 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. 2014, Winthrop Realty Trust has a Sloan Ratio of 17.95%, indicating there is a warning stage of accrual build up.
Winthrop Realty Trust Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Winthrop Realty Trust's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Winthrop Realty Trust (Winthrop Realty Trust) Business Description
Winthrop Realty Trust Inc is a real estate investment trust (REIT), is an unincorporated association in the form of a business trust organized in Ohio under a Declaration of Trust dated August 1, 1961. The Company conducts its business through its wholly owned operating partnership, WRT Realty L.P., a Delaware limited partnership. The Company is engaged in the business of owning real property and real estate related assets which it categorize into three reportable segments: (i) the ownership of investment properties including wholly owned properties and investments in joint ventures which own investment properties, which it refer to as operating properties; (ii) the origination and acquisition of senior loans, mezzanine loans and debt securities collateralized directly or indirectly by commercial and multi-family real property, which it refer to as loan assets; and (iii) the ownership of equity and debt interests in other real estate investment trusts (REITs), which it refer to as REIT securities. Its primary sources of income are rental income and tenant recoveries from leases of its operating properties, interest income and discount accretion from its loan assets, and interest and dividend income and appreciation from its investments in REIT securities. The Company competes with many other companies, including other REITs, insurance companies, commercial banks, private investment funds, hedge funds, specialty finance companies and other investors. Its operations and properties are subject to various federal, state and local laws.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FUR has been successfully added to your 