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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.
As of Mar. 2026, Smartstop Self Storage REIT has a Sloan Ratio of 9.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Smartstop Self Storage REIT (NYSE:SMA) 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 Mar. 2026, Smartstop Self Storage REIT has a Sloan Ratio of 9.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Smartstop Self Storage REIT Sloan Ratio % Related Terms
Smartstop Self Storage REIT 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.
For the REIT - Industrial subindustry, Smartstop Self Storage 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.
Smartstop Self Storage REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Smartstop Self Storage REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Smartstop Self Storage REIT's Sloan Ratio % falls into.
Smartstop Self Storage REIT 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.
Smartstop Self Storage REIT's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -4.603 (Jun. 2025 ) + 5.227 (Sep. 2025 ) + 2.782 (Dec. 2025 ) + 9.576 (Mar. 2026 ) = $13.0 Mil.
Smartstop Self Storage REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 8.005 (Jun. 2025 ) + 52.058 (Sep. 2025 ) + 14.356 (Dec. 2025 ) + 24.237 (Mar. 2026 ) = $98.7 Mil.
Smartstop Self Storage REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -165.143 (Jun. 2025 ) + -115.593 (Sep. 2025 ) + -29.71 (Dec. 2025 ) + -16.02 (Mar. 2026 ) = $-326.5 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.
Smartstop Self Storage REIT (SMA) has a Sloan Ratio % of 9.94% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Smartstop Self Storage REIT and its competitors.
Is Smartstop Self Storage REIT's Sloan Ratio % too high?
Smartstop Self Storage REIT's current Sloan Ratio % is 9.94%. Overall, Smartstop Self Storage REIT has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Smartstop Self Storage REIT's Sloan Ratio % compare to IIPR and ILPT?
Smartstop Self Storage REIT's Sloan Ratio % of 9.94% 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 Smartstop Self Storage REIT and its competitors. Smartstop Self Storage REIT's current Sloan Ratio % is 9.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartstop Self Storage REIT stock overvalued right now?
Smartstop Self Storage REIT (SMA) has a current Sloan Ratio % of 9.94%. The current Sloan Ratio % is 9.94%. Smartstop Self Storage REIT's overall GF Score™ is 40/100 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 Smartstop Self Storage REIT (SMA), the current Sloan Ratio % is 9.94% as of Mar. 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.
Smartstop Self Storage REIT Inc operates as a real estate investment trust. The trust owns, acquires, and operates self-storage properties. It operates in two segments, namely, self-storage operations, which generate key revenue, and the managed REIT platform business. The investment objective is to focus on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.
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