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Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) E10 : $0.70 (As of Dec. 2023)


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What is Dream Office Real Estate Investment Trust E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Dream Office Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was $-1.472. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.70 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Dream Office Real Estate Investment Trust's average E10 Growth Rate was -57.90% per year. During the past 3 years, the average E10 Growth Rate was -34.70% per year. During the past 5 years, the average E10 Growth Rate was -21.60% per year. During the past 10 years, the average E10 Growth Rate was -18.30% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Dream Office Real Estate Investment Trust was 52.00% per year. The lowest was -34.70% per year. And the median was 2.80% per year.

As of today (2024-04-30), Dream Office Real Estate Investment Trust's current stock price is $13.175. Dream Office Real Estate Investment Trust's E10 for the quarter that ended in Dec. 2023 was $0.70. Dream Office Real Estate Investment Trust's Shiller PE Ratio of today is 18.82.

During the past 13 years, the highest Shiller PE Ratio of Dream Office Real Estate Investment Trust was 23.27. The lowest was 3.07. And the median was 11.33.


Dream Office Real Estate Investment Trust E10 Historical Data

The historical data trend for Dream Office Real Estate Investment Trust's E10 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.

Dream Office Real Estate Investment Trust E10 Chart

Dream Office Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.03 2.72 2.03 1.68 0.70

Dream Office Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 1.68 1.42 1.08 0.97 0.70

Competitive Comparison of Dream Office Real Estate Investment Trust's E10

For the REIT - Office subindustry, Dream Office Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Dream Office Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Dream Office Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dream Office Real Estate Investment Trust's Shiller PE Ratio falls into.



Dream Office Real Estate Investment Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Dream Office Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-1.472/125.4675*125.4675
=-1.472

Current CPI (Dec. 2023) = 125.4675.

Dream Office Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201403 0.833 98.604 1.060
201406 0.782 99.473 0.986
201409 0.903 99.394 1.140
201412 0.117 98.367 0.149
201503 0.887 99.789 1.115
201506 -1.264 100.500 -1.578
201509 0.343 100.421 0.429
201512 -0.732 99.947 -0.919
201603 -1.334 101.054 -1.656
201606 -9.587 102.002 -11.793
201609 0.381 101.765 0.470
201612 -1.440 101.449 -1.781
201703 0.002 102.634 0.002
201706 0.491 103.029 0.598
201709 -0.013 103.345 -0.016
201712 2.141 103.345 2.599
201803 0.654 105.004 0.781
201806 0.551 105.557 0.655
201809 0.958 105.636 1.138
201812 1.466 105.399 1.745
201903 0.228 106.979 0.267
201906 1.075 107.690 1.252
201909 -0.056 107.611 -0.065
201912 1.538 107.769 1.791
202003 1.490 107.927 1.732
202006 1.382 108.401 1.600
202009 0.980 108.164 1.137
202012 0.423 108.559 0.489
202103 0.284 110.298 0.323
202106 0.733 111.720 0.823
202109 2.555 112.905 2.839
202112 0.874 113.774 0.964
202203 1.538 117.646 1.640
202206 1.930 120.806 2.004
202209 0.790 120.648 0.822
202212 -2.280 120.964 -2.365
202303 0.039 122.702 0.040
202306 -1.509 124.203 -1.524
202309 0.518 125.230 0.519
202312 -1.472 125.468 -1.472

Add all the adjusted EPS together and divide 10 will get our e10.


Dream Office Real Estate Investment Trust  (OTCPK:DRETF) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Dream Office Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.175/0.7
=18.82

* 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 Shiller P/E Ratio of Dream Office Real Estate Investment Trust was 23.27. The lowest was 3.07. And the median was 11.33.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Dream Office Real Estate Investment Trust E10 Related Terms

Thank you for viewing the detailed overview of Dream Office Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.

Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) Headlines