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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.
Aktiv Properties REIT's Sloan Ratio for the quarter that ended in Jun. 2026 was 0.00%.
Warning Sign:
When sloan ratio (27.53)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Aktiv Properties REIT has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Aktiv Properties REIT (LTS:0N12) 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, Aktiv Properties REIT has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Aktiv Properties REIT Sloan Ratio % Related Terms
Aktiv Properties REIT Sloan Ratio % Historical Data
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The historical data trend for Aktiv Properties 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.
LTS:0N12 vs BXP, ARE, VNO: Sloan Ratio % Comparison
For the REIT - Office subindustry, Aktiv Properties 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.
Aktiv Properties REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Aktiv Properties REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aktiv Properties 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.
Aktiv Properties REIT's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Aktiv Properties REIT's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.012 (Sep. 2025 ) + 4.997 (Dec. 2025 ) + -0.789 (Mar. 2026 ) + 0.142 (Jun. 2026 ) = €5.36 Mil.
Aktiv Properties REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 3.942 (Sep. 2025 ) + 0.867 (Dec. 2025 ) + 0.779 (Mar. 2026 ) + -0.198 (Jun. 2026 ) = €5.39 Mil.
Aktiv Properties REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -12.361 (Sep. 2025 ) + -0.084 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0.068 (Jun. 2026 ) = €-12.38 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.
Aktiv Properties REIT (LTS:0N12) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Aktiv Properties REIT and its competitors.
Is Aktiv Properties REIT's Sloan Ratio % too high?
Aktiv Properties REIT's current Sloan Ratio % is 0.00%. Overall, Aktiv Properties REIT has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Aktiv Properties REIT's Sloan Ratio % compare to BXP and ARE?
Aktiv Properties REIT's Sloan Ratio % of 0.00% 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 Aktiv Properties REIT and its competitors. Aktiv Properties REIT's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aktiv Properties REIT stock overvalued right now?
Aktiv Properties REIT (LTS:0N12) has a current Sloan Ratio % of 0.00%. The stock's GF Value™ is €11.01, compared to a current price of €7.75 — trading 29.6% below its estimated fair value. The current Sloan Ratio % is 0.00%. Aktiv Properties REIT's overall GF Score™ is 28/100 with 5 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 Aktiv Properties REIT (LTS:0N12), the current Sloan Ratio % is 0.00% 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 Aktiv Properties REIT (LTS:0N12) Overvalued in 2026?
Based on GuruFocus' analysis, Aktiv Properties REIT stock appears to be undervalued.
The current stock price of €7.75 is trading 29.6% below its estimated GF Value™ of €11.01.
Key valuation signals for LTS:0N12:
Sloan Ratio %: 0.00%
GF Value™: €11.01 vs. price of €7.75 (29.6% below fair value)
No single metric tells the full story. See the LTS:0N12 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aktiv Properties REIT is a Bulgarian real estate investment trust (REIT) structured as a joint-stock company with a special investment purpose, focused on the securitization of real estate. It invests capital raised through securities issuances into income-producing properties, and its revenue model centers on rental income from leased real estate together with gains from property appreciation. The company's portfolio consists primarily of commercial and office properties located in Bulgaria, which it leases to corporate and institutional tenants. As a REIT, it is subject to Bulgarian special investment purpose regulations, which govern its investment activity and distribution of profits to shareholders. Its shares trade on the Bulgarian Stock Exchange. The company operates predominantly within the domestic Bulgarian real estate market.
28GF Score
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