Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Sloan Ratio % : -16.93% (As of Sep. 2023)

View and export this data going back to 1973. Start your Free Trial

What is Pennsylvania 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.

Pennsylvania Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Sep. 2023 was -16.93%.

As of Sep. 2023, Pennsylvania Real Estate Investment Trust has a Sloan Ratio of -16.93%, indicating there is a warning stage of accrual build up.

Pennsylvania Real Estate Investment Trust Sloan Ratio % Historical Data

The historical data trend for Pennsylvania 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.

* Premium members only.

Pennsylvania Real Estate Investment Trust Sloan Ratio % Chart

Pennsylvania Real Estate Investment Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sloan Ratio %

Get a 7-Day Free Trial

-8.47

0.39

-8.64

-8.77

-15.85

Pennsylvania Real Estate Investment Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial															-12.23	-15.85	-18.53	-19.09	-16.93

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

For the REIT - Retail subindustry, Pennsylvania 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.

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

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

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

Pennsylvania 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.

Pennsylvania Real Estate Investment Trust's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-148.318	-	69.274
	-	68.151)	/	1803.129
	=	-15.85%

Pennsylvania Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(-181.786	-	63.299
	-	45.79)	/	1717.955
	=	-16.93%

Pennsylvania Real Estate Investment Trust's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -34.705 (Dec. 2022 ) + -45.086 (Mar. 2023 ) + -44.951 (Jun. 2023 ) + -57.044 (Sep. 2023 ) = $-181.8 Mil.
Pennsylvania Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 30.863 (Dec. 2022 ) + 18.537 (Mar. 2023 ) + 14.608 (Jun. 2023 ) + -0.709 (Sep. 2023 ) = $63.3 Mil.
Pennsylvania Real Estate Investment Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 41.527 (Dec. 2022 ) + 18.605 (Mar. 2023 ) + -2.105 (Jun. 2023 ) + -12.237 (Sep. 2023 ) = $45.8 Mil.

Pennsylvania Real Estate Investment Trust (OTCPK:PRETQ) 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 Sep. 2023, Pennsylvania Real Estate Investment Trust has a Sloan Ratio of -16.93%, indicating there is a warning stage of accrual build up.

Pennsylvania Real Estate Investment Trust Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Pennsylvania Real Estate Investment Trust's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Pennsylvania Real Estate Investment Trust (OTCPK:PRETQ) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

PRTNQ.PFD:USA PRTMQ.PFD:USA PRTLQ.PFD:USA WX3A:Germany

Address

One Commerce Square, 2005 Market Street, Suite 1000, Philadelphia, PA, USA, 19103

Website

https://www.preit.com

Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development, and disposition of retail shopping malls including regional department stores and large format retailers. Its properties involve mall portfolio, redevelopment, specialty leasing, partnerships, and marketing. It derives the substantial majority of revenue from rent leases of retail properties in the real estate portfolio.

Executives

Christopher Swann	director	C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Kenneth B. Hart	director	C/O PENN REAL ESTATE TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Joseph J. Aristone	officer: EVP - Leasing	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Joseph F Coradino	director, officer: Chief Executive Officer	C/O PENN. REAL ESTATE INVESTMENT TRUST, 200 S. BROAD ST., THE BELLEVUE, PHILADEPHIA PA 19102
Michael J. Demarco	director	C/O MACK-CALI REALTY CORPORATION, HARBORSIDE 3, 210 HUDSON ST., STE. 400, JERSEY CITY NJ 07311
Ventresca Mario C. Jr.	officer: EVP-Chief Financial Officer	C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Andrew M. Ioannou	officer: EVP-Finance and Acquisitions	C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Mark E Pasquerilla	director
Charles P Pizzi	director	C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Joanne A. Epps	director	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Alburger George J Jr	director	C/O LIBERTY PROPERTY TRUST, 65 VALLEY STREAM PARKWAY, MALVERN PA 19355
Lisa M. Most	officer: EVP, GC, CCO & Secretary	C/O PENN. REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Heather Crowell	officer: EVP-Strategy & Communications	C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
John Joseph Roberts	director	1007 CANTERBURY LANE, VILLANOVA PA 19085
Sathana Semonsky	officer: VP - Chief Accounting Officer	C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103