Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
IGB Commercial REIT's Sloan Ratio for the quarter that ended in Jun. 2026 was -0.37%.
As of Jun. 2026, IGB Commercial REIT has a Sloan Ratio of -0.37%, indicating the company is in the safe zone and there is no funny business with accruals.
IGB Commercial REIT (XKLS:5299) 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, IGB Commercial REIT has a Sloan Ratio of -0.37%, indicating the company is in the safe zone and there is no funny business with accruals.
IGB Commercial REIT Sloan Ratio % Related Terms
IGB Commercial REIT Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for IGB Commercial 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.
XKLS:5299 vs BXP, ARE, VNO: Sloan Ratio % Comparison
For the REIT - Office subindustry, IGB Commercial 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.
IGB Commercial REIT Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, IGB Commercial REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where IGB Commercial 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.
IGB Commercial REIT's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
IGB Commercial REIT's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 20.978 (Sep. 2025 ) + 20.866 (Dec. 2025 ) + 28.823 (Mar. 2026 ) + 35.01 (Jun. 2026 ) = RM105.7 Mil.
IGB Commercial REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 31.328 (Sep. 2025 ) + 39.68 (Dec. 2025 ) + 28.743 (Mar. 2026 ) + 46.107 (Jun. 2026 ) = RM145.9 Mil.
IGB Commercial REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -1.77 (Sep. 2025 ) + -21.333 (Dec. 2025 ) + -1.947 (Mar. 2026 ) + -2.797 (Jun. 2026 ) = RM-27.8 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.
IGB Commercial REIT (XKLS:5299) has a Sloan Ratio % of -0.37% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on IGB Commercial REIT and its competitors.
Is IGB Commercial REIT's Sloan Ratio % too high?
IGB Commercial REIT's current Sloan Ratio % is -0.37%. Overall, IGB Commercial REIT has a GF Score™ of 36/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IGB Commercial REIT's Sloan Ratio % compare to BXP and ARE?
IGB Commercial REIT's Sloan Ratio % of -0.37% 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 IGB Commercial REIT and its competitors. IGB Commercial REIT's current Sloan Ratio % is -0.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGB Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, IGB Commercial REIT (XKLS:5299) is currently considered Fairly Valued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.61 — trading 3.2% below its estimated fair value. The current Sloan Ratio % is -0.37%. IGB Commercial REIT's overall GF Score™ is 36/100 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 IGB Commercial REIT (XKLS:5299), the current Sloan Ratio % is -0.37% 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 IGB Commercial REIT (XKLS:5299) Overvalued in 2026?
Based on GuruFocus' analysis, IGB Commercial REIT stock appears to be undervalued.
The current stock price of RM0.61 is trading 3.2% below its estimated GF Value™ of RM0.63.
GuruFocus considers IGB Commercial REIT to be Fairly Valued.
Key valuation signals for XKLS:5299:
Sloan Ratio %: -0.37%
GF Value™: RM0.63 vs. price of RM0.61 (3.2% below fair value)
No single metric tells the full story. See the XKLS:5299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IGB Commercial REIT is established to provide unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, and maintaining an appropriate capital structure, by investing directly and indirectly in a portfolio of income-producing real estate used predominantly for commercial purposes in Malaysia and overseas. The trust's investment portfolio mainly comprises commercial properties with office and retail spaces, and includes the Gardens South Tower, Centrepoint North, The Gardens North Tower, and other properties.
36GF Score
Get the complete analysis for XKLS:5299
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5299 has been successfully added to your 
