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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.
Redefine Properties's Sloan Ratio for the quarter that ended in Feb. 2026 was 2.55%.
As of Feb. 2026, Redefine Properties has a Sloan Ratio of 2.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Redefine Properties (JSE:RDF) 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 Feb. 2026, Redefine Properties has a Sloan Ratio of 2.55%, indicating the company is in the safe zone and there is no funny business with accruals.
Redefine Properties Sloan Ratio % Related Terms
Redefine Properties Sloan Ratio % Historical Data
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The historical data trend for Redefine 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.
For the REIT - Diversified subindustry, Redefine 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.
Redefine Properties Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Redefine Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Redefine Properties'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.
Redefine Properties's Sloan Ratio for the fiscal year that ended in Aug. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Redefine Properties's Net Income for the trailing twelve months (TTM) ended in Feb. 2026 was 2632.951 (Aug. 2025 ) + 3603.005 (Feb. 2026 ) = R6,236 Mil.
Redefine Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2026 was 1622.646 (Aug. 2025 ) + 1620.453 (Feb. 2026 ) = R3,243 Mil.
Redefine Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2026 was 265.804 (Aug. 2025 ) + 71.299 (Feb. 2026 ) = R337 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.
Redefine Properties (JSE:RDF) has a Sloan Ratio % of 2.55% as of Feb. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Redefine Properties and its competitors.
Is Redefine Properties' Sloan Ratio % too high?
Redefine Properties' current Sloan Ratio % is 2.55%. Overall, Redefine Properties has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Redefine Properties' Sloan Ratio % compare to VICI and WPC?
Redefine Properties' Sloan Ratio % of 2.55% 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 Redefine Properties and its competitors. Redefine Properties's current Sloan Ratio % is 2.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Redefine Properties stock overvalued right now?
Based on GuruFocus' analysis, Redefine Properties (JSE:RDF) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.72, compared to a current price of R6.41 — trading 72.3% above its estimated fair value. The current Sloan Ratio % is 2.55%. Redefine Properties' overall GF Score™ is 56/100 with 9 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 Redefine Properties (JSE:RDF), the current Sloan Ratio % is 2.55% as of Feb. 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 Redefine Properties (JSE:RDF) Overvalued in 2026?
Based on GuruFocus' analysis, Redefine Properties stock appears to be overvalued.
The current stock price of R6.41 is trading 72.3% above its estimated GF Value™ of R3.72.
GuruFocus considers Redefine Properties to be Significantly Overvalued.
Key valuation signals for JSE:RDF:
Sloan Ratio %: 2.55%
GF Value™: R3.72 vs. price of R6.41 (72.3% above fair value)
No single metric tells the full story. See the JSE:RDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland. Within South Africa, over half of the Company's properties by total value are situated in the province of Gauteng. The Group comprises the South Africa portfolio segment, including office, retail, industrial, specialised, and head office. Its international portfolio includes EPP, which is mainly retail; Redefine Europe, which is mainly industrial; Self Storage Investments, which is mainly self-storage; and Lango Real Estate, which represents the head office, along with head office funding related to international investments.
56GF Score
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