What is Weingarten Realty Investors 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.
As of Jun. 2021, Weingarten Realty Investors has a Sloan Ratio of -4.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Weingarten Realty Investors 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 Weingarten Realty Investors's Sloan Ratio %
For the REIT - Retail subindustry, Weingarten Realty Investors'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.
Weingarten Realty Investors's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Weingarten Realty Investors's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Weingarten Realty Investors's Sloan Ratio % falls into.
Weingarten Realty Investors 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.
Weingarten Realty Investors's Net Income for the trailing twelve months (TTM) ended in Jun. 2021 was 25.089 (Sep. 2020 ) + 23.07 (Dec. 2020 ) + 28.037 (Mar. 2021 ) + 12.692 (Jun. 2021 ) = $88.9 Mil.
Weingarten Realty Investors's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2021 was 60.739 (Sep. 2020 ) + 54.796 (Dec. 2020 ) + 59.413 (Mar. 2021 ) + 65.665 (Jun. 2021 ) = $240.6 Mil.
Weingarten Realty Investors's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2021 was 12.373 (Sep. 2020 ) + -25.056 (Dec. 2020 ) + 42.213 (Mar. 2021 ) + -4.381 (Jun. 2021 ) = $25.1 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.
Weingarten Realty Investors (NYSE:WRI) 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. 2021, Weingarten Realty Investors has a Sloan Ratio of -4.56%, indicating the company is in the safe zone and there is no funny business with accruals.
Weingarten Realty Investors Sloan Ratio % Related Terms
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Weingarten Realty Investors (Weingarten Realty Investors) Business Description
Weingarten, founded in 1948, is a self-advised REIT that owns, acquires, and develops neighborhood shopping centers. Ownership interest in more than 300 retail assets (47 msf) is diversified in 22 states with the top 10 tenants accounting for 14% of revenue. The largest state concentrations are Texas, Florida, and California, comprising 67% of rents. Economic occupancy is 91.2% and 75% of tenants are national/regional. Differentiating Weingarten is a 9% inside ownership in its outstanding shares, compared with a 1%-3% REIT industry average.
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