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Allied Properties Real Estate Investment Trust (FRA:5G8) Cyclically Adjusted FCF per Share : €1.39 (As of Mar. 2024)


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What is Allied Properties Real Estate Investment 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.

Allied Properties Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.114. 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 €1.39 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Allied Properties Real Estate Investment Trust's average Cyclically Adjusted FCF Growth Rate was 32.50% 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 Allied Properties Real Estate Investment Trust was 38.90% per year. The lowest was 0.20% per year. And the median was 19.85% per year.

As of today (2024-06-16), Allied Properties Real Estate Investment Trust's current stock price is €10.614. Allied Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.39. Allied Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 7.64.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Allied Properties Real Estate Investment Trust was 164.96. The lowest was 7.56. And the median was 22.82.


Allied Properties Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Allied Properties Real Estate Investment 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.

Allied Properties Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Allied Properties Real Estate Investment 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 - -0.30 0.24 0.86 1.29

Allied Properties Real Estate Investment Trust 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 1.05 1.16 1.26 1.29 1.39

Competitive Comparison of Allied Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, Allied Properties Real Estate Investment 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.


Allied Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Allied Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Allied Properties Real Estate Investment 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, Allied Properties Real Estate Investment Trust'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)
=0.114/126.2576*126.2576
=0.114

Current CPI (Mar. 2024) = 126.2576.

Allied Properties Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.587 99.473 -0.745
201409 -1.183 99.394 -1.503
201412 -0.163 98.367 -0.209
201503 0.415 99.789 0.525
201506 0.558 100.500 0.701
201509 0.265 100.421 0.333
201512 0.395 99.947 0.499
201603 0.349 101.054 0.436
201606 0.223 102.002 0.276
201609 0.383 101.765 0.475
201612 0.420 101.449 0.523
201703 0.488 102.634 0.600
201706 0.393 103.029 0.482
201709 0.302 103.345 0.369
201712 0.355 103.345 0.434
201803 0.452 105.004 0.543
201806 0.182 105.557 0.218
201809 0.480 105.636 0.574
201812 0.423 105.399 0.507
201903 0.249 106.979 0.294
201906 0.314 107.690 0.368
201909 0.507 107.611 0.595
201912 0.383 107.769 0.449
202003 0.530 107.927 0.620
202006 0.593 108.401 0.691
202009 0.401 108.164 0.468
202012 0.330 108.559 0.384
202103 0.320 110.298 0.366
202106 0.284 111.720 0.321
202109 0.206 112.905 0.230
202112 0.474 113.774 0.526
202203 0.382 117.646 0.410
202206 0.358 120.806 0.374
202209 0.565 120.648 0.591
202212 0.513 120.964 0.535
202303 0.257 122.702 0.264
202306 0.437 124.203 0.444
202309 0.312 125.230 0.315
202312 0.709 125.072 0.716
202403 0.114 126.258 0.114

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


Allied Properties Real Estate Investment Trust  (FRA:5G8) 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.

Allied Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.614/1.39
=7.64

* 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 Allied Properties Real Estate Investment Trust was 164.96. The lowest was 7.56. And the median was 22.82.


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.


Allied Properties Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms

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


Allied Properties Real Estate Investment Trust (FRA:5G8) Business Description

Traded in Other Exchanges
Address
134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.

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