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LXP (LXP Industrial Trust) Sloan Ratio % : -2.57% (As of Sep. 2024)


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What is LXP Industrial 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.

LXP Industrial Trust's Sloan Ratio for the quarter that ended in Sep. 2024 was -2.57%.

As of Sep. 2024, LXP Industrial Trust has a Sloan Ratio of -2.57%, indicating the company is in the safe zone and there is no funny business with accruals.


LXP Industrial Trust Sloan Ratio % Historical Data

The historical data trend for LXP Industrial 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.

LXP Industrial Trust Sloan Ratio % Chart

LXP Industrial Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.64 13.62 12.48 3.86 0.10

LXP Industrial Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.63 0.10 0.33 -2.55 -2.57

Competitive Comparison of LXP Industrial Trust's Sloan Ratio %

For the REIT - Industrial subindustry, LXP Industrial 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.


LXP Industrial Trust's Sloan Ratio % Distribution in the REITs Industry

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

* The bar in red indicates where LXP Industrial Trust's Sloan Ratio % falls into.



LXP Industrial 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.

LXP Industrial 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 )
=(30.383-209.446
--183.451)/4192.775
=0.10%

LXP Industrial Trust's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(26.104-197.889
--72.551)/3854.052
=-2.57%

LXP Industrial Trust's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 14.601 (Dec. 2023 ) + -0.269 (Mar. 2024 ) + 5.426 (Jun. 2024 ) + 6.346 (Sep. 2024 ) = $26.1 Mil.
LXP Industrial Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 55.923 (Dec. 2023 ) + 38.916 (Mar. 2024 ) + 38.453 (Jun. 2024 ) + 64.597 (Sep. 2024 ) = $197.9 Mil.
LXP Industrial Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -136.971 (Dec. 2023 ) + -27.696 (Mar. 2024 ) + 109.756 (Jun. 2024 ) + -17.64 (Sep. 2024 ) = $-72.6 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.


LXP Industrial Trust  (NYSE:LXP) 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. 2024, LXP Industrial Trust has a Sloan Ratio of -2.57%, indicating the company is in the safe zone and there is no funny business with accruals.


LXP Industrial Trust Sloan Ratio % Related Terms

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LXP Industrial Trust Business Description

Traded in Other Exchanges
Address
One Penn Plaza, Suite 4015, New York, NY, USA, 10119-4015
LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.
Executives
Arun Gupta director C/O COLUMBIA CAPITAL, 201 NORTH UNION STREET, SUITE 300, ALEXANDRIA VA 22314
Derrick L Johnson director C/O LXP INDUSTRIAL TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Nancy Elizabeth Noe director ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119
Nabil Andrawis officer: EVP, Director of Taxation C/O LXP INDUSTRIAL TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Richard Frary director C/O TALLWOOD ASSOCIATES INC., 14 EAST 60TH STREET, SUITE 1003, NEW YORK NY 10022
Jamie Handwerker director 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Lara Sweeney Johnson officer: EVP C/O WINTHROP FINANCIAL ASSOCIATES, TWO JERICHO QUADRANGLE WING A SUITE 111, JERICHO NY 11753
Joseph Bonventre officer: EVP, Gen Counsel & Secretary ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Mark Cherone officer: Chief Accounting Officer C/O LEXINGTON REALTY TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 11743
James Dudley officer: EVP & Director of Asset Mgmt. C/O LEXINGTON REALTY TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Brendan P Mullinix officer: EVP LEXINGTON CORPORATE PROPERTIES TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Howard Stewart Roth director 19 DEEPDALE DRIVE, GREAT NECK NY 11021
T Wilson Eglin director, officer: CEO, President and COO
E Robert Roskind director, officer: Chairman of the Board
Richard J Rouse director, officer: Co-Vice Chairman & CIO