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Firm Capital Apartment REIT (TSXV:FCA.UN) Cyclically Adjusted Revenue per Share : C$2.07 (As of Mar. 2024)


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What is Firm Capital Apartment REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Firm Capital Apartment REIT's adjusted revenue per share for the three months ended in Mar. 2024 was C$0.452. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$2.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Firm Capital Apartment REIT's average Cyclically Adjusted Revenue Growth Rate was -2.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.10% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Firm Capital Apartment REIT was 5.80% per year. The lowest was 0.40% per year. And the median was 3.35% per year.

As of today (2024-06-05), Firm Capital Apartment REIT's current stock price is C$5.30. Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$2.07. Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio of today is 2.56.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Firm Capital Apartment REIT was 11.04. The lowest was 1.37. And the median was 3.98.


Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Firm Capital Apartment REIT's Cyclically Adjusted Revenue 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.

Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Chart

Firm Capital Apartment REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 1.84 1.94 2.08 2.18

Firm Capital Apartment REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 2.12 2.18 2.19 2.18 2.07

Competitive Comparison of Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share

For the REIT - Residential subindustry, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio falls into.



Firm Capital Apartment REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, Firm Capital Apartment REIT's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.452/126.2576*126.2576
=0.452

Current CPI (Mar. 2024) = 126.2576.

Firm Capital Apartment REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.333 99.473 1.692
201409 1.306 99.394 1.659
201412 1.188 98.367 1.525
201503 1.261 99.789 1.595
201506 1.130 100.500 1.420
201509 1.187 100.421 1.492
201512 -1.520 99.947 -1.920
201603 0.670 101.054 0.837
201606 0.628 102.002 0.777
201609 0.643 101.765 0.798
201612 0.881 101.449 1.096
201703 0.320 102.634 0.394
201706 0.300 103.029 0.368
201709 0.202 103.345 0.247
201712 0.199 103.345 0.243
201803 0.165 105.004 0.198
201806 0.177 105.557 0.212
201809 0.217 105.636 0.259
201812 0.206 105.399 0.247
201903 0.206 106.979 0.243
201906 0.205 107.690 0.240
201909 0.207 107.611 0.243
201912 0.203 107.769 0.238
202003 0.175 107.927 0.205
202006 0.166 108.401 0.193
202009 0.168 108.164 0.196
202012 0.173 108.559 0.201
202103 0.172 110.298 0.197
202106 0.205 111.720 0.232
202109 0.297 112.905 0.332
202112 0.295 113.774 0.327
202203 0.341 117.646 0.366
202206 0.514 120.806 0.537
202209 0.565 120.648 0.591
202212 0.584 120.964 0.610
202303 0.629 122.702 0.647
202306 0.596 124.203 0.606
202309 0.498 125.230 0.502
202312 0.418 125.072 0.422
202403 0.452 126.258 0.452

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Firm Capital Apartment REIT  (TSXV:FCA.UN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5.30/2.07
=2.56

* 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 PS Ratio of Firm Capital Apartment REIT was 11.04. The lowest was 1.37. And the median was 3.98.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Related Terms

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


Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

Industry
Traded in Other Exchanges
Address
163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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