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Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF : 24.45 (As of May. 02, 2024)


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What is Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-02), Canadian Apartment Properties Real Estate Investment Trust's current share price is $31.79. Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.30. Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 24.45.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CDPYF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 24.14   Med: 43.07   Max: 801
Current: 24.94

During the past years, Canadian Apartment Properties Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 801.00. The lowest was 24.14. And the median was 43.07.

CDPYF's Cyclically Adjusted Price-to-FCF is ranked worse than
78.77% of 391 companies
in the REITs industry
Industry Median: 11.45 vs CDPYF: 24.94

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.

Canadian Apartment Properties Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.388. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.30 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF 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.

Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.04 35.93 40.20 26.64 28.42

Canadian Apartment Properties 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
Cyclically Adjusted Price-to-FCF 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 26.64 29.13 30.89 26.59 28.42

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Residential subindustry, Canadian Apartment 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.


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

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

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



Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.79/1.3
=24.45

* 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.

Canadian Apartment Properties Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Canadian Apartment Properties Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.388/125.4675*125.4675
=0.388

Current CPI (Dec. 2023) = 125.4675.

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.204 98.604 0.260
201406 0.267 99.473 0.337
201409 0.310 99.394 0.391
201412 0.181 98.367 0.231
201503 0.221 99.789 0.278
201506 0.183 100.500 0.228
201509 0.281 100.421 0.351
201512 0.090 99.947 0.113
201603 0.184 101.054 0.228
201606 0.231 102.002 0.284
201609 0.241 101.765 0.297
201612 0.259 101.449 0.320
201703 0.128 102.634 0.156
201706 0.258 103.029 0.314
201709 0.354 103.345 0.430
201712 0.363 103.345 0.441
201803 0.277 105.004 0.331
201806 0.293 105.557 0.348
201809 0.342 105.636 0.406
201812 0.296 105.399 0.352
201903 0.184 106.979 0.216
201906 0.219 107.690 0.255
201909 0.260 107.611 0.303
201912 0.348 107.769 0.405
202003 0.236 107.927 0.274
202006 0.647 108.401 0.749
202009 0.555 108.164 0.644
202012 0.459 108.559 0.530
202103 0.223 110.298 0.254
202106 0.256 111.720 0.288
202109 0.328 112.905 0.364
202112 0.331 113.774 0.365
202203 0.278 117.646 0.296
202206 0.239 120.806 0.248
202209 0.334 120.648 0.347
202212 0.290 120.964 0.301
202303 0.219 122.702 0.224
202306 0.236 124.203 0.238
202309 0.502 125.230 0.503
202312 0.388 125.468 0.388

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


Canadian Apartment Properties Real Estate Investment Trust  (OTCPK:CDPYF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Canadian Apartment Properties Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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Canadian Apartment Properties Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

Canadian Apartment Properties Real Estate Investment Trust Headlines

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