What is Federal Realty Investment Trust 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.
Federal Realty Investment Trust's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.47%.
As of Dec. 2023, Federal Realty Investment Trust has a Sloan Ratio of 0.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Realty Investment Trust Sloan Ratio % Historical Data
The historical data trend for Federal Realty Investment Trust'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.
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Federal Realty Investment Trust Sloan Ratio % Chart
Competitive Comparison of Federal Realty Investment Trust's Sloan Ratio %
For the REIT - Retail subindustry, Federal Realty Investment Trust'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.
Federal Realty Investment Trust's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Federal Realty Investment Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Federal Realty Investment Trust's Sloan Ratio % falls into.
Federal Realty Investment Trust 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.
Federal Realty Investment Trust's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Federal Realty Investment Trust's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 55.335 (Mar. 2023 ) + 60.499 (Jun. 2023 ) + 57.048 (Sep. 2023 ) + 64.103 (Dec. 2023 ) = $237 Mil.
Federal Realty Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 143.007 (Mar. 2023 ) + 149.269 (Jun. 2023 ) + 150.939 (Sep. 2023 ) + 112.615 (Dec. 2023 ) = $556 Mil.
Federal Realty Investment Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -100.811 (Mar. 2023 ) + -103.388 (Jun. 2023 ) + -84.439 (Sep. 2023 ) + -69.687 (Dec. 2023 ) = $-358 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.
Federal Realty Investment Trust (NYSE:FRT) 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 Dec. 2023, Federal Realty Investment Trust has a Sloan Ratio of 0.47%, indicating the company is in the safe zone and there is no funny business with accruals.
Federal Realty Investment Trust Sloan Ratio % Related Terms
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Federal Realty Investment Trust (Federal Realty Investment Trust) Business Description
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 25.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
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