What is Equity Lifestyle Properties 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 Dec. 2023, Equity Lifestyle Properties has a Sloan Ratio of 1.62%, indicating the company is in the safe zone and there is no funny business with accruals.
Equity Lifestyle Properties 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 Equity Lifestyle Properties's Sloan Ratio %
For the REIT - Residential subindustry, Equity Lifestyle Properties'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.
Equity Lifestyle Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Equity Lifestyle Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Equity Lifestyle Properties's Sloan Ratio % falls into.
Equity Lifestyle Properties 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.
Equity Lifestyle Properties's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 82.371 (Mar. 2023 ) + 62.928 (Jun. 2023 ) + 76.969 (Sep. 2023 ) + 91.939 (Dec. 2023 ) = $314 Mil.
Equity Lifestyle Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 158.98 (Mar. 2023 ) + 107.846 (Jun. 2023 ) + 151.832 (Sep. 2023 ) + 129.347 (Dec. 2023 ) = $548 Mil.
Equity Lifestyle Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -66.447 (Mar. 2023 ) + -87.159 (Jun. 2023 ) + -83.913 (Sep. 2023 ) + -87.234 (Dec. 2023 ) = $-325 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.
Equity Lifestyle Properties (NYSE:ELS) 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, Equity Lifestyle Properties has a Sloan Ratio of 1.62%, indicating the company is in the safe zone and there is no funny business with accruals.
Equity Lifestyle Properties Sloan Ratio % Related Terms
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Equity Lifestyle Properties (Equity Lifestyle Properties) Business Description
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
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