GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Artis Real Estate Investment Trust (TSX:AX.UN) » Definitions » Cyclically Adjusted FCF per Share

Artis Real Estate Investment Trust (TSX:AX.UN) Cyclically Adjusted FCF per Share : C$1.50 (As of Mar. 2025)


View and export this data going back to 2006. Start your Free Trial

What is Artis 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.

Artis Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2025 was C$0.176. 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 C$1.50 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Artis Real Estate Investment Trust's average Cyclically Adjusted FCF Growth Rate was -5.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.70% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 7.60% 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 Artis Real Estate Investment Trust was 37.30% per year. The lowest was -1.70% per year. And the median was 19.60% per year.

As of today (2025-05-30), Artis Real Estate Investment Trust's current stock price is C$7.28. Artis Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$1.50. Artis Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 4.85.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Artis Real Estate Investment Trust was 340.00. The lowest was 3.61. And the median was 7.24.


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

The historical data trend for Artis 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.

Artis Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Artis Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 1.60 1.66 1.60 1.52

Artis Real Estate Investment Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.59 1.57 1.54 1.52 1.50

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

For the REIT - Diversified subindustry, Artis 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.


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

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

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


;
;

Artis 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, Artis Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.176/129.1809*129.1809
=0.176

Current CPI (Mar. 2025) = 129.1809.

Artis Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.358 100.500 0.460
201509 0.452 100.421 0.581
201512 0.340 99.947 0.439
201603 0.386 101.054 0.493
201606 0.436 102.002 0.552
201609 0.418 101.765 0.531
201612 0.461 101.449 0.587
201703 0.295 102.634 0.371
201706 0.365 103.029 0.458
201709 0.388 103.345 0.485
201712 0.339 103.345 0.424
201803 0.344 105.004 0.423
201806 0.282 105.557 0.345
201809 0.419 105.636 0.512
201812 0.343 105.399 0.420
201903 0.409 106.979 0.494
201906 0.314 107.690 0.377
201909 0.356 107.611 0.427
201912 0.309 107.769 0.370
202003 0.324 107.927 0.388
202006 0.353 108.401 0.421
202009 0.448 108.164 0.535
202012 0.159 108.559 0.189
202103 0.443 110.298 0.519
202106 0.382 111.720 0.442
202109 0.479 112.905 0.548
202112 0.225 113.774 0.255
202203 0.320 117.646 0.351
202206 0.376 120.806 0.402
202209 0.345 120.648 0.369
202212 0.143 120.964 0.153
202303 0.230 122.702 0.242
202306 0.156 124.203 0.162
202309 0.257 125.230 0.265
202312 0.067 125.072 0.069
202403 0.190 126.258 0.194
202406 0.075 127.522 0.076
202409 0.255 127.285 0.259
202412 0.239 127.364 0.242
202503 0.176 129.181 0.176

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


Artis Real Estate Investment Trust  (TSX:AX.UN) 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.

Artis 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
=7.28/1.50
=4.85

* 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 Artis Real Estate Investment Trust was 340.00. The lowest was 3.61. And the median was 7.24.


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.


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

Thank you for viewing the detailed overview of Artis 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.


Artis Real Estate Investment Trust Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end real estate investment trust created under, and governed by, the laws of the Province of Manitoba. The REIT owns, manages, leases and develops industrial, office, retail and residential properties in Canada and the United States, and holds other real estate investments. The segmented information for Canada and U.S. presented below includes the REIT's proportionate share of revenue, expenses, assets and liabilities of investment properties held in equity accounted investments which were set up to develop and operate specific investment properties.

Artis Real Estate Investment Trust Headlines

No Headlines