Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Sloan Ratio % : 0.00% (As of Dec. 2023)

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What is Automotive Properties Real Estate 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.

Automotive Properties Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Automotive Properties Real Estate Investment Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Automotive Properties Real Estate Investment Trust Sloan Ratio % Historical Data

The historical data trend for Automotive Properties Real Estate 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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Automotive Properties Real Estate Investment Trust Sloan Ratio % Chart

Automotive Properties Real Estate Investment Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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5.77

1.66

4.57

3.98

7.30

Automotive Properties Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Automotive Properties Real Estate Investment Trust's Sloan Ratio %

For the REIT - Specialty subindustry, Automotive Properties Real Estate 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.

Automotive Properties Real Estate Investment Trust's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Automotive Properties Real Estate Investment Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Automotive Properties Real Estate Investment Trust's Sloan Ratio % falls into.

Automotive Properties Real Estate 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.

Automotive Properties Real Estate Investment Trust's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(50.991	-	74.266
	-	-110.425)	/	1193.907
	=	7.30%

Automotive Properties Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(50.991	-	74.266
	-	-110.425)	/	1193.907
	=	7.30%

Automotive Properties Real Estate Investment Trust's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 16.967 (Mar. 2023 ) + 20.891 (Jun. 2023 ) + 28.332 (Sep. 2023 ) + -15.199 (Dec. 2023 ) = C$50.99 Mil.
Automotive Properties Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 17.099 (Mar. 2023 ) + 16.404 (Jun. 2023 ) + 20.704 (Sep. 2023 ) + 20.059 (Dec. 2023 ) = C$74.27 Mil.
Automotive Properties Real Estate Investment Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -100.536 (Mar. 2023 ) + -8.66 (Jun. 2023 ) + 0 (Sep. 2023 ) + -1.229 (Dec. 2023 ) = C$-110.43 Mil.

Automotive Properties Real Estate Investment Trust (TSX:APR.UN) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Automotive Properties Real Estate Investment Trust has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Automotive Properties Real Estate Investment Trust Sloan Ratio % Related Terms

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Automotive Properties Real Estate Investment Trust (TSX:APR.UN) Business Description

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APPTF:USA

Address

133 King Street East, Suite 300, Toronto, ON, CAN, M5C 1G6

Website

https://www.automotivepropertiesreit.ca

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio in order to maximize Unitholder value.

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