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Kite Realty Group Trust (Kite Realty Group Trust) Cyclically Adjusted FCF per Share : $0.85 (As of Dec. 2023)


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What is Kite Realty Group Trust 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.

Kite Realty Group Trust's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.271. 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 $0.85 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Kite Realty Group Trust's average Cyclically Adjusted FCF Growth Rate was 123.70% 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 Kite Realty Group Trust was 46.70% per year. The lowest was 18.60% per year. And the median was 34.40% per year.

As of today (2024-04-30), Kite Realty Group Trust's current stock price is $22.095. Kite Realty Group Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.85. Kite Realty Group Trust's Cyclically Adjusted Price-to-FCF of today is 25.99.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Kite Realty Group Trust was 377.67. The lowest was 23.76. And the median was 36.50.


Kite Realty Group Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kite Realty Group Trust'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.

Kite Realty Group Trust Cyclically Adjusted FCF per Share Chart

Kite Realty Group Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.77 -0.64 -0.37 0.38 0.85

Kite Realty Group Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.38 0.54 0.63 0.72 0.85

Competitive Comparison of Kite Realty Group Trust's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Kite Realty Group Trust'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.


Kite Realty Group Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Kite Realty Group Trust's Cyclically Adjusted Price-to-FCF falls into.



Kite Realty Group Trust 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, Kite Realty Group Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.271/129.4194*129.4194
=0.271

Current CPI (Dec. 2023) = 129.4194.

Kite Realty Group Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.423 99.695 -0.549
201406 -0.069 100.560 -0.089
201409 -0.545 100.428 -0.702
201412 0.117 99.070 0.153
201503 0.269 99.621 0.349
201506 0.185 100.684 0.238
201509 0.337 100.392 0.434
201512 0.127 99.792 0.165
201603 0.131 100.470 0.169
201606 0.309 101.688 0.393
201609 0.183 101.861 0.233
201612 0.100 101.863 0.127
201703 0.148 102.862 0.186
201706 0.400 103.349 0.501
201709 0.196 104.136 0.244
201712 0.238 104.011 0.296
201803 0.217 105.290 0.267
201806 0.350 106.317 0.426
201809 0.290 106.507 0.352
201812 0.279 105.998 0.341
201903 0.247 107.251 0.298
201906 0.282 108.070 0.338
201909 0.288 108.329 0.344
201912 0.192 108.420 0.229
202003 0.103 108.902 0.122
202006 0.223 108.767 0.265
202009 0.329 109.815 0.388
202012 0.025 109.897 0.029
202103 0.278 111.754 0.322
202106 0.269 114.631 0.304
202109 0.245 115.734 0.274
202112 -0.109 117.630 -0.120
202203 0.118 121.301 0.126
202206 0.317 125.017 0.328
202209 0.275 125.227 0.284
202212 0.296 125.222 0.306
202303 0.111 127.348 0.113
202306 0.401 128.729 0.403
202309 0.363 129.860 0.362
202312 0.271 129.419 0.271

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


Kite Realty Group Trust  (NYSE:KRG) 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.

Kite Realty Group Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=22.095/0.85
=25.99

* 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 Kite Realty Group Trust was 377.67. The lowest was 23.76. And the median was 36.50.


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.


Kite Realty Group Trust Cyclically Adjusted FCF per Share Related Terms

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


Kite Realty Group Trust (Kite Realty Group Trust) Business Description

Industry
Traded in Other Exchanges
Address
30 South Meridian Street, Suite 1100, Indianapolis, IN, USA, 46204
Kite Realty Group Trust that owns mainly community shopping centers concentrated in Indiana (39% of base rent), Florida (10.9%), Maryland (6.8%), New York (6%), North Carolina (5.4%) and Texas (25.7%). At year-end 2022, Kite owned interests in 183 retail operating properties and three commercial properties, representing 8.9 million of gross leasable area. It also had eight properties under development or redevelopment.
Executives
Steven P Grimes director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
John A Kite director, officer: CEO, Pres & Trustee KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Charles H Wurtzebach director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Gerald M Gorski director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Bonnie Biumi director RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Peter L Lynch director 2021 SPRING ROAD SUITE 200, OAK BROOK IL 60523
Derrick Burks director C/O EQUITY LIFESTYLE PROPERTIES INC, TWO NORTH RIVERSIDE PLAZA, SUITE 800, CHICAGO IL 60606
Caroline L. Young director C/O KITE REALTY GROUP TRUST, 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
R Fear Heath officer: EVP & Chief Financial Officer C/O GGP INC., 350 N. ORLEANS, SUITE 300, CHICAGO IL 60654
Lee A Daniels director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
William E Bindley director
Barton R Peterson director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
David Buell officer: Senior VP & CAO KITE REALTY GROUP TRUST, 30 SOUTH MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas K Mcgowan officer: EVP & COO KITE REALTY GROUP TRUST, 30 S MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204
Thomas R Olinger officer: Senior VP & CAO 30 S. MERIDIAN STREET, SUITE 1100, INDIANAPOLIS IN 46204