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Easterly Government Properties (Easterly Government Properties) Cyclically Adjusted Price-to-FCF : 8.47 (As of Apr. 28, 2024)


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What is Easterly Government Properties Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Easterly Government Properties's current share price is $11.69. Easterly Government Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.38. Easterly Government Properties's Cyclically Adjusted Price-to-FCF for today is 8.47.

The historical rank and industry rank for Easterly Government Properties's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DEA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.64   Med: 9.63   Max: 11.15
Current: 8.47

During the past years, Easterly Government Properties's highest Cyclically Adjusted Price-to-FCF was 11.15. The lowest was 7.64. And the median was 9.63.

DEA's Cyclically Adjusted Price-to-FCF is ranked better than
66.67% of 390 companies
in the REITs industry
Industry Median: 11.545 vs DEA: 8.47

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.

Easterly Government Properties's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.176. 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 $1.38 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Easterly Government Properties Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Easterly Government Properties'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.

Easterly Government Properties Cyclically Adjusted Price-to-FCF Chart

Easterly Government Properties 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 - - - - 9.74

Easterly Government Properties 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 - 10.35 10.75 8.36 9.74

Competitive Comparison of Easterly Government Properties's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Easterly Government Properties'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.


Easterly Government Properties's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Easterly Government Properties's Cyclically Adjusted Price-to-FCF falls into.



Easterly Government Properties 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.

Easterly Government Properties's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=11.69/1.38
=8.47

* 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.

Easterly Government Properties's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Easterly Government Properties'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)
=0.176/129.4194*129.4194
=0.176

Current CPI (Dec. 2023) = 129.4194.

Easterly Government Properties Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.265 99.695 -1.642
201406 0.044 100.560 0.057
201409 0.109 100.428 0.140
201412 0.102 99.070 0.133
201503 -0.104 99.621 -0.135
201506 0.330 100.684 0.424
201509 0.466 100.392 0.601
201512 0.462 99.792 0.599
201603 0.384 100.470 0.495
201606 0.382 101.688 0.486
201609 0.411 101.861 0.522
201612 0.299 101.863 0.380
201703 0.274 102.862 0.345
201706 0.347 103.349 0.435
201709 0.436 104.136 0.542
201712 0.139 104.011 0.173
201803 0.263 105.290 0.323
201806 0.336 106.317 0.409
201809 0.330 106.507 0.401
201812 0.221 105.998 0.270
201903 0.228 107.251 0.275
201906 0.357 108.070 0.428
201909 1.127 108.329 1.346
201912 0.307 108.420 0.366
202003 0.510 108.902 0.606
202006 0.482 108.767 0.574
202009 0.408 109.815 0.481
202012 0.446 109.897 0.525
202103 0.315 111.754 0.365
202106 0.364 114.631 0.411
202109 0.447 115.734 0.500
202112 0.274 117.630 0.301
202203 0.266 121.301 0.284
202206 0.442 125.017 0.458
202209 0.433 125.227 0.447
202212 0.243 125.222 0.251
202303 0.237 127.348 0.241
202306 0.400 128.729 0.402
202309 0.404 129.860 0.403
202312 0.176 129.419 0.176

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.


Easterly Government Properties  (NYSE:DEA) 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.


Easterly Government Properties Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Easterly Government Properties's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Easterly Government Properties (Easterly Government Properties) Business Description

Traded in Other Exchanges
Address
2001 K Street NW, Suite 775, Washington, DC, USA, 20006
Easterly Government Properties Inc is a real estate investment trust. It is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies. The company generates all its revenue by leasing its properties to such agencies.
Executives
Darrell W Crate director, officer: Chairman 138 CONANT STREET, BEVERLY MA 01915
John Stuart Burns officer: EVP, Government Relations EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
Franklin V. Logan officer: EVP, GC & Secretary EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
William C. Trimble director, officer: CEO and President EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Allison E. Marino officer: SVP & CAO C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2001 K STREET NW, SUITE 775 NORTH, WASHINGTON DC 20006
Alison M. Bernard officer: EVP & CAO EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Scott D. Freeman director C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 650, WASHINGTON DC 20037
James E Mead director C/O STRATEGIC HOTEL CAPITAL, INC., 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Tara S. Innes director C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 650, WASHINGTON DC 20037
Ronald E. Kendall officer: EVP - Government Relations C/O EASTERLY GOVERNMENT PROPERTIES, 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Meghan G. Baivier officer: EVP, CFO & COO C/O EASTERLY GOVERNMENT PROPERTIES, INC., 2101 L STREET NW, SUITE 750, WASHINGTON DC 20037
Cynthia A Fisher director 186 PARK STREET, NEWTON MA 02458
Henry Emil W Jr director C/O GLEACHER & CO INC, 660 MADISON AVE 19TH FLOOR, NEW YORK NY 10021
William H Binnie director
Usgp Ii Investor, Lp 10 percent owner 2101 L STREET, NW, SUITE 750, WASHINGTON DC 20037