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Glimcher Realty Trust (FRA:GRY) Cyclically Adjusted FCF per Share : €0.00 (As of Sep. 2014)


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What is Glimcher Realty 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.

Glimcher Realty Trust's adjusted free cash flow per share for the three months ended in Sep. 2014 was €0.183. 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 €0.00 for the trailing ten years ended in Sep. 2014.

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.

As of today (2024-06-17), Glimcher Realty Trust's current stock price is €10.15. Glimcher Realty Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2014 was €0.00. Glimcher Realty Trust's Cyclically Adjusted Price-to-FCF of today is .


Glimcher Realty Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Glimcher Realty 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.

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Glimcher Realty Trust Cyclically Adjusted FCF per Share Chart

Glimcher Realty Trust Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Cyclically Adjusted FCF per Share
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Glimcher Realty Trust Quarterly Data
Sep09 Dec09 Mar10 Jun10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Competitive Comparison of Glimcher Realty Trust's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Glimcher Realty 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.


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

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

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



Glimcher Realty 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, Glimcher Realty Trust's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2014 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2014 (Change)*Current CPI (Sep. 2014)
=0.183/100.4278*100.4278
=0.183

Current CPI (Sep. 2014) = 100.4278.

Glimcher Realty Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
200409 0.494 80.121 0.619
200412 0.000 80.290 0.000
200503 0.216 81.555 0.266
200506 0.565 82.062 0.691
200509 0.758 83.876 0.908
200512 0.391 83.032 0.473
200603 -1.104 84.298 -1.315
200606 1.268 85.606 1.488
200609 0.651 85.606 0.764
200612 0.521 85.142 0.615
200703 0.353 86.640 0.409
200706 0.582 87.906 0.665
200709 0.347 87.964 0.396
200712 0.578 88.616 0.655
200803 -0.038 90.090 -0.042
200806 0.018 92.320 0.020
200809 -0.008 92.307 -0.009
200812 0.000 88.697 0.000
200903 0.158 89.744 0.177
200906 0.323 91.003 0.356
200909 0.171 91.120 0.188
200912 0.137 91.111 0.151
201003 0.013 91.821 0.014
201006 -0.055 91.962 -0.060
201012 -0.215 92.474 -0.233
201103 -0.008 94.283 -0.009
201106 0.060 95.235 0.063
201109 0.045 95.727 0.047
201112 -0.606 95.213 -0.639
201203 -0.033 96.783 -0.034
201206 -1.058 96.819 -1.097
201209 0.160 97.633 0.165
201212 0.216 96.871 0.224
201303 -0.448 98.209 -0.458
201306 0.007 98.518 0.007
201309 0.173 98.790 0.176
201312 -0.091 98.326 -0.093
201403 -0.124 99.695 -0.125
201406 0.186 100.560 0.186
201409 0.183 100.428 0.183

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


Glimcher Realty Trust  (FRA:GRY) 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.


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.


Glimcher Realty Trust Cyclically Adjusted FCF per Share Related Terms

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


Glimcher Realty Trust (FRA:GRY) Business Description

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Glimcher Realty Trust is a self-administered and self-managed Maryland real estate investment trust which was formed on September 1, 1993. The Company and its affiliates are engaged in owning, leasing, acquiring, developing and operating a portfolio of retail properties consisting of regional and super regional malls and community shopping centers. At December 31, 2013, the Company owned material interests in and managed 28 properties - 25 wholly-owned and 3 partially owned through joint ventures which are located in 15 states. The Properties contain an aggregate of approximately 19.3 million square feet of gross leasable area of which approximately 95.6% was occupied at December 31, 2013. The Malls provide a range of shopping alternatives to serve the needs of customers in all market segments. The Company's Malls are in various formats such as enclosed regional malls, open-air retail centers, and outlet centers. Malls are generally anchored by multiple department stores such as Belk's, The Bon-Ton, Boscov's, Dick's Sporting Goods, Dillard's, Elder-Beerman, Herberger's, JCPenney, Kohl's, Macy's, Saks, Sears, and Von Maur. Mall stores, most of which are national retailers, include Abercrombie & Fitch, American Eagle Outfitters, Apple, Bath & Body Works, Express, Finish Line, Foot Locker, Forever 21, H&M, Hallmark, Kay Jewelers, The Limited, lululemon athletica, Pacific Sunwear, and Victoria's Secret. The Malls also have additional restaurants and retail businesses, such as Benihana, Cheesecake Factory, P.F. Chang's, and Red Lobster, located along the perimeter of the parking areas. The Company's Community Centers are designed to attract local and regional area customers and are typically anchored by a combination of discount department stores or supermarkets which attract shoppers to each center's smaller shops. The tenants at the Company's Community Centers typically offer day-to-day necessities and value-oriented merchandise. Many of the Community Centers have retail businesses or restaurants located along the perimeter of the parking areas. There are numerous shopping facilities that compete with the Company's Properties in attracting retailers to lease space.

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