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Kilroy Realty (Kilroy Realty) Cyclically Adjusted FCF per Share : $-5.93 (As of Dec. 2023)


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What is Kilroy Realty 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.

Kilroy Realty's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.220. 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 $-5.93 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 6.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 4.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -1.60% 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 Kilroy Realty was 34.60% per year. The lowest was -36.40% per year. And the median was -4.60% per year.

As of today (2024-04-28), Kilroy Realty's current stock price is $33.14. Kilroy Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $-5.93. Kilroy Realty's Cyclically Adjusted Price-to-FCF of today is .


Kilroy Realty Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Kilroy Realty'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.

Kilroy Realty Cyclically Adjusted FCF per Share Chart

Kilroy Realty 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 -8.31 -7.14 -7.57 -6.63 -5.93

Kilroy Realty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -6.63 -6.46 -6.52 -6.22 -5.93

Competitive Comparison of Kilroy Realty's Cyclically Adjusted FCF per Share

For the REIT - Office subindustry, Kilroy Realty'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.


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

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

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



Kilroy Realty 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, Kilroy Realty'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)
=-0.22/129.4194*129.4194
=-0.220

Current CPI (Dec. 2023) = 129.4194.

Kilroy Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.981 99.695 -2.572
201406 -1.869 100.560 -2.405
201409 -0.805 100.428 -1.037
201412 -3.058 99.070 -3.995
201503 -1.254 99.621 -1.629
201506 -0.858 100.684 -1.103
201509 -1.361 100.392 -1.755
201512 -0.778 99.792 -1.009
201603 -0.485 100.470 -0.625
201606 -1.444 101.688 -1.838
201609 0.411 101.861 0.522
201612 -4.321 101.863 -5.490
201703 0.071 102.862 0.089
201706 -0.307 103.349 -0.384
201709 -0.332 104.136 -0.413
201712 -1.034 104.011 -1.287
201803 -1.649 105.290 -2.027
201806 -3.474 106.317 -4.229
201809 -0.125 106.507 -0.152
201812 -2.863 105.998 -3.496
201903 -1.121 107.251 -1.353
201906 -1.522 108.070 -1.823
201909 -1.181 108.329 -1.411
201912 -5.367 108.420 -6.407
202003 -0.824 108.902 -0.979
202006 -0.535 108.767 -0.637
202009 0.334 109.815 0.394
202012 -0.419 109.897 -0.493
202103 -0.483 111.754 -0.559
202106 -5.484 114.631 -6.191
202109 -4.671 115.734 -5.223
202112 -0.320 117.630 -0.352
202203 0.079 121.301 0.084
202206 -0.367 125.017 -0.380
202209 0.663 125.227 0.685
202212 -0.327 125.222 -0.338
202303 0.518 127.348 0.526
202306 -0.312 128.729 -0.314
202309 0.515 129.860 0.513
202312 -0.220 129.419 -0.220

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


Kilroy Realty  (NYSE:KRC) 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.


Kilroy Realty Cyclically Adjusted FCF per Share Related Terms

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


Kilroy Realty (Kilroy Realty) Business Description

Industry
Traded in Other Exchanges
Address
12200 West Olympic Boulevard, Suite 200, Los Angeles, CA, USA, 90064
Kilroy Realty is a premier owner and landlord of approximately 16 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, and greater Seattle. The company operates as a real estate investment trust.
Executives
John Osmond officer: EVP, Head of Asset Management C/O KILROY REALTY CORPORATION, 12200 WEST OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michelle Ngo officer: SVP, CFO & Treasurer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Eliott Trencher officer: SVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Louisa Ritter director C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jonathan Praw officer: SVP, Chief Investment Officer C/O KILROY REALTYCORPORATION, 12200 W. OLYNPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Merryl Elizabeth Werber officer: SVP, CAO & Controller 12200 W OLYMPIC BLVD STE 200, LOS ANGELES CA 90064
Stephen A Rosetta officer: EVP, Chief Investment Officer C/O KILROY REALTY CORPORATION, 12200 W. OLYMPIC BOULEVARD, SUITE 200, LOS ANGELES CA 90064
Jolie A. Hunt director C/O KLIROY REALTY CORPORATION, 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Michael L. Sanford officer: EVP, Northern California 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Peter B. Stoneberg director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Gary R. Stevenson director 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
David Joshua Simon officer: EVP 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
A. Robert Paratte officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Justin William Smart officer: See Remarks 12200 W. OLYMPIC BLVD., SUITE 200, LOS ANGELES CA 90064
Kilroy John B Sr director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064

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