What is Mid-America Apartment Communities Sloan Ratio %?
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 Sep. 2024, Mid-America Apartment Communities has a Sloan Ratio of 3.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Mid-America Apartment Communities 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.
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Mid-America Apartment Communities Sloan Ratio % Chart
Competitive Comparison of Mid-America Apartment Communities's Sloan Ratio %
For the REIT - Residential subindustry, Mid-America Apartment Communities'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.
Mid-America Apartment Communities's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's Sloan Ratio % falls into.
Mid-America Apartment Communities 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.
Mid-America Apartment Communities's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 160.476 (Dec. 2023 ) + 143.749 (Mar. 2024 ) + 101.953 (Jun. 2024 ) + 115.195 (Sep. 2024 ) = $521 Mil.
Mid-America Apartment Communities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 264.931 (Dec. 2023 ) + 200.257 (Mar. 2024 ) + 349.37 (Jun. 2024 ) + 309.538 (Sep. 2024 ) = $1,124 Mil.
Mid-America Apartment Communities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -346.721 (Dec. 2023 ) + -93.012 (Mar. 2024 ) + -236.816 (Jun. 2024 ) + -321.76 (Sep. 2024 ) = $-998 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.
Mid-America Apartment Communities (NYSE:MAA) 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 Sep. 2024, Mid-America Apartment Communities has a Sloan Ratio of 3.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Mid-America Apartment Communities Sloan Ratio % Related Terms
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Mid-America Apartment Communities Business Description
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.
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