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Riocan Real Estate Investment Trust (FRA:R7G) Cyclically Adjusted FCF per Share : €0.20 (As of Mar. 2024)


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What is Riocan 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.

Riocan Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2024 was €0.004. 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 €0.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Riocan Real Estate Investment Trust's average Cyclically Adjusted FCF Growth Rate was -25.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -16.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -12.20% 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 Riocan Real Estate Investment Trust was 38.90% per year. The lowest was -16.40% per year. And the median was 18.65% per year.

As of today (2024-05-14), Riocan Real Estate Investment Trust's current stock price is €11.70. Riocan Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.20. Riocan Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 58.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Riocan Real Estate Investment Trust was 87.55. The lowest was 17.33. And the median was 46.04.


Riocan Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Riocan 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.

Riocan Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Riocan 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 0.44 0.34 0.32 0.27 0.20

Riocan 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 0.26 0.25 0.23 0.20 0.20

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

For the REIT - Retail subindustry, Riocan 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.


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

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

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



Riocan 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, Riocan 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)
=0.004/125.4675*125.4675
=0.004

Current CPI (Mar. 2024) = 125.4675.

Riocan Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.104 99.473 0.131
201409 0.169 99.394 0.213
201412 0.146 98.367 0.186
201503 0.079 99.789 0.099
201506 0.144 100.500 0.180
201509 0.118 100.421 0.147
201512 0.427 99.947 0.536
201603 0.116 101.054 0.144
201606 -0.098 102.002 -0.121
201609 0.055 101.765 0.068
201612 0.100 101.449 0.124
201703 -0.235 102.634 -0.287
201706 0.011 103.029 0.013
201709 0.063 103.345 0.076
201712 0.096 103.345 0.117
201803 -0.039 105.004 -0.047
201806 -0.025 105.557 -0.030
201809 0.007 105.636 0.008
201812 0.023 105.399 0.027
201903 -0.082 106.979 -0.096
201906 -0.026 107.690 -0.030
201909 0.206 107.611 0.240
201912 -0.023 107.769 -0.027
202003 -0.001 107.927 -0.001
202006 0.029 108.401 0.034
202009 -0.004 108.164 -0.005
202012 0.049 108.559 0.057
202103 -0.058 110.298 -0.066
202106 0.108 111.720 0.121
202109 -0.078 112.905 -0.087
202112 0.089 113.774 0.098
202203 0.020 117.646 0.021
202206 0.091 120.806 0.095
202209 0.002 120.648 0.002
202212 0.150 120.964 0.156
202303 0.004 122.702 0.004
202306 0.031 124.203 0.031
202309 -0.091 125.230 -0.091
202312 0.043 125.468 0.043
202403 0.004 125.468 0.004

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


Riocan Real Estate Investment Trust  (FRA:R7G) 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.

Riocan 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
=11.70/0.2
=58.50

* 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 Riocan Real Estate Investment Trust was 87.55. The lowest was 17.33. And the median was 46.04.


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.


Riocan Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms

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Riocan Real Estate Investment Trust (FRA:R7G) Business Description

Traded in Other Exchanges
Address
2300 Yonge Street, Suite 500, P.O. Box 2386, RioCan Yonge Eglinton Centre, Toronto, ON, CAN, M4P 1E4
Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan's tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.

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