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Firm Capital Apartment REIT (TSXV:FCA.U) Cyclically Adjusted Revenue per Share : $1.25 (As of Mar. 2025)


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What is Firm Capital Apartment REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Firm Capital Apartment REIT's adjusted revenue per share for the three months ended in Mar. 2025 was $0.202. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $1.25 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Firm Capital Apartment REIT's average Cyclically Adjusted Revenue Growth Rate was -24.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -4.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.10% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Firm Capital Apartment REIT was 5.70% per year. The lowest was -4.70% per year. And the median was 3.10% per year.

As of today (2025-05-15), Firm Capital Apartment REIT's current stock price is $3.49. Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $1.25. Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio of today is 2.79.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Firm Capital Apartment REIT was 11.04. The lowest was 1.37. And the median was 3.88.


Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Firm Capital Apartment REIT's Cyclically Adjusted Revenue 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.

Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Chart

Firm Capital Apartment REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.52 1.59 1.40 1.22

Firm Capital Apartment REIT Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Revenue 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 1.32 1.48 1.29 1.22 1.25

Competitive Comparison of Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share

For the REIT - Residential subindustry, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio falls into.


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Firm Capital Apartment REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, Firm Capital Apartment REIT's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.202/128.7859*128.7859
=0.202

Current CPI (Mar. 2025) = 128.7859.

Firm Capital Apartment REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.914 100.500 1.171
201509 0.895 100.421 1.148
201512 -1.108 99.947 -1.428
201603 0.507 101.054 0.646
201606 0.487 102.002 0.615
201609 0.491 101.765 0.621
201612 0.661 101.449 0.839
201703 0.239 102.634 0.300
201706 0.225 103.029 0.281
201709 0.164 103.345 0.204
201712 0.156 103.345 0.194
201803 0.127 105.004 0.156
201806 0.135 105.557 0.165
201809 0.167 105.636 0.204
201812 0.153 105.399 0.187
201903 0.154 106.979 0.185
201906 0.155 107.690 0.185
201909 0.156 107.611 0.187
201912 0.154 107.769 0.184
202003 0.126 107.927 0.150
202006 0.123 108.401 0.146
202009 0.127 108.164 0.151
202012 0.135 108.559 0.160
202103 0.137 110.298 0.160
202106 0.168 111.720 0.194
202109 0.234 112.905 0.267
202112 0.230 113.774 0.260
202203 0.269 117.646 0.294
202206 0.401 120.806 0.427
202209 0.424 120.648 0.453
202212 0.430 120.964 0.458
202303 0.460 122.702 0.483
202306 0.448 124.203 0.465
202309 0.368 125.230 0.378
202312 0.283 125.072 0.291
202403 0.311 126.258 0.317
202406 0.275 127.522 0.278
202409 0.211 127.285 0.213
202412 0.148 127.364 0.150
202503 0.202 128.786 0.202

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Firm Capital Apartment REIT  (TSXV:FCA.U) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Firm Capital Apartment REIT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.49/1.25
=2.79

* 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 PS Ratio of Firm Capital Apartment REIT was 11.04. The lowest was 1.37. And the median was 3.88.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Firm Capital Apartment REIT Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Firm Capital Apartment REIT's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Firm Capital Apartment REIT Business Description

Industry
Traded in Other Exchanges
Address
163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5
Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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