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. 2024, Kite Realty Group Trust has a Sloan Ratio of 0.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Kite Realty Group Trust 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.
Competitive Comparison of Kite Realty Group Trust's Sloan Ratio %
For the REIT - Retail subindustry, Kite Realty Group 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.
Kite Realty Group Trust's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Kite Realty Group Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kite Realty Group Trust's Sloan Ratio % falls into.
Kite Realty Group 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.
Kite Realty Group Trust's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Kite Realty Group Trust's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 32.058 (Jun. 2023 ) + 2.07 (Sep. 2023 ) + 7.979 (Dec. 2023 ) + 14.156 (Mar. 2024 ) = $56.3 Mil.
Kite Realty Group Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 116.822 (Jun. 2023 ) + 110.752 (Sep. 2023 ) + 103.471 (Dec. 2023 ) + 53.581 (Mar. 2024 ) = $384.6 Mil.
Kite Realty Group Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 49.527 (Jun. 2023 ) + -63.496 (Sep. 2023 ) + -26.248 (Dec. 2023 ) + -289.338 (Mar. 2024 ) = $-329.6 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.
Kite Realty Group Trust (NYSE:KRG) 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. 2024, Kite Realty Group Trust has a Sloan Ratio of 0.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Kite Realty Group Trust Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Kite Realty Group Trust's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kite Realty Group Trust (Kite Realty Group Trust) Business Description
Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
KRG has been successfully added to your 