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Centerspace (Centerspace) Cyclically Adjusted FCF per Share : $6.85 (As of Mar. 2024)


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What is Centerspace Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Centerspace's adjusted free cash flow per share for the three months ended in Mar. 2024 was $1.635. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $6.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Centerspace's average Cyclically Adjusted FCF Growth Rate was -1.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 10.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 15.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Centerspace was 43.60% per year. The lowest was 10.00% per year. And the median was 16.90% per year.

As of today (2024-06-09), Centerspace's current stock price is $68.09. Centerspace's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $6.85. Centerspace's Cyclically Adjusted Price-to-FCF of today is 9.94.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Centerspace was 96.35. The lowest was 6.87. And the median was 14.46.


Centerspace Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Centerspace's Cyclically Adjusted FCF per Share 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.

Centerspace Cyclically Adjusted FCF per Share Chart

Centerspace Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.33 5.12 6.78 6.92 6.82

Centerspace Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share 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 6.92 6.91 6.96 6.82 6.85

Competitive Comparison of Centerspace's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, Centerspace's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Centerspace's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Centerspace's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Centerspace's Cyclically Adjusted Price-to-FCF falls into.



Centerspace Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Centerspace's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.635/131.7762*131.7762
=1.635

Current CPI (Mar. 2024) = 131.7762.

Centerspace Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 2.508 100.023 3.304
201407 1.781 100.520 2.335
201410 2.163 100.176 2.845
201501 2.110 98.604 2.820
201504 2.430 99.824 3.208
201507 1.785 100.691 2.336
201510 0.688 100.346 0.903
201601 0.930 99.957 1.226
201604 2.091 100.947 2.730
201607 1.147 101.524 1.489
201610 1.429 101.988 1.846
201701 1.479 102.456 1.902
201704 1.705 103.167 2.178
201707 1.162 103.278 1.483
201710 0.889 104.070 1.126
201801 1.062 104.578 1.338
201804 0.987 105.708 1.230
201807 1.105 106.324 1.370
201810 0.938 106.695 1.159
201903 0.479 107.251 0.589
201906 1.722 108.070 2.100
201909 1.760 108.329 2.141
201912 1.362 108.420 1.655
202003 0.474 108.902 0.574
202006 1.430 108.767 1.733
202009 1.554 109.815 1.865
202012 0.999 109.897 1.198
202103 1.066 111.754 1.257
202106 1.076 114.631 1.237
202109 1.619 115.734 1.843
202112 1.881 117.630 2.107
202203 0.768 121.301 0.834
202206 1.490 125.017 1.571
202209 2.243 125.227 2.360
202212 1.532 125.222 1.612
202303 1.188 127.348 1.229
202306 1.589 128.729 1.627
202309 1.768 129.860 1.794
202312 0.736 129.419 0.749
202403 1.635 131.776 1.635

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Centerspace  (NYSE:CSR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Centerspace's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=68.09/6.85
=9.94

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Centerspace was 96.35. The lowest was 6.87. And the median was 14.46.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Centerspace Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Centerspace's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Centerspace (Centerspace) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Centerspace (NYSE:CSR) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
3100 10th Street SW, Post Office Box 1988, Minot, ND, USA, 58702-1988
Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment, and it owns properties in the following states: Minnesota, Colorado, North Dakota, Nebraska, South Dakota, and Montana. Rental income represents the company's main source of revenue, and properties owned in Minnesota, Colorado, and North Dakota represent the majority of the firm's commercial presence.
Executives
Decker Mark Okey Jr director, officer: President, CEO and CIO 10414 NEW ASCOT DRIVE, GREAT FALLS VA 22066
John A Schissel director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Mary J Twinem director 5500 WAYZATA BLVD., SUITE 1600, MINNEAPOLIS MN 55416
Emily Nagle Green director CASELLA WASTE SYSTEMS, 25 GREENS HILL LANE, RUTLAND VT 05701
Rodney Jones-tyson director C/O 3100 10TH STREET SW, POST OFFICE BOX 1988, MINOT ND 58702-1988
Michael T Dance director C/O INVESTORS REAL ESTATE TRUST, 1400 31ST AVE. NW,, MINOT ND 58702
Bhairav Patel officer: SVP, Finance 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Kirchmann officer: EVP and CFO 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Anne Olson officer: COO, Gen Counsel and Secretary 800 LASALLE AVENUE, SUITE 1600, MINNEAPOLIS MN 55402
Jeffrey Caira director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Linda J. Hall director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Nancy B Andersen officer: SVP& Principal Accting Officer 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Timothy P Mihalick director, officer: President and CEO 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Jeffrey L Miller director 1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Terrance P Maxwell director 1400 31ST AVE SW, SUITE 60, MINOT ND 58701