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Federal Realty Investment Trust (Federal Realty Investment Trust) Cyclically Adjusted Price-to-FCF : 164.82 (As of Apr. 27, 2024)


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What is Federal Realty Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Federal Realty Investment Trust's current share price is $102.19. Federal Realty Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.62. Federal Realty Investment Trust's Cyclically Adjusted Price-to-FCF for today is 164.82.

The historical rank and industry rank for Federal Realty Investment Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 68.81   Med: 129.54   Max: 317.02
Current: 164.91

During the past years, Federal Realty Investment Trust's highest Cyclically Adjusted Price-to-FCF was 317.02. The lowest was 68.81. And the median was 129.54.

FRT's Cyclically Adjusted Price-to-FCF is ranked worse than
97.44% of 390 companies
in the REITs industry
Industry Median: 11.545 vs FRT: 164.91

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.

Federal Realty Investment Trust's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.458. 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 $0.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Federal Realty Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Federal Realty 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.

Federal Realty Investment Trust Cyclically Adjusted Price-to-FCF Chart

Federal Realty 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 123.62 153.69 313.45 284.61 166.30

Federal Realty 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 284.61 251.30 207.30 165.12 166.30

Competitive Comparison of Federal Realty Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Retail subindustry, Federal Realty 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.


Federal Realty Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Federal Realty 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.

Federal Realty 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
=102.19/0.62
=164.82

* 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.

Federal Realty Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Federal Realty 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)
=0.458/129.4194*129.4194
=0.458

Current CPI (Dec. 2023) = 129.4194.

Federal Realty Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.071 99.695 -0.092
201406 0.027 100.560 0.035
201409 -0.375 100.428 -0.483
201412 0.198 99.070 0.259
201503 0.242 99.621 0.314
201506 0.165 100.684 0.212
201509 0.407 100.392 0.525
201512 0.437 99.792 0.567
201603 0.528 100.470 0.680
201606 0.014 101.688 0.018
201609 -0.678 101.861 -0.861
201612 0.013 101.863 0.017
201703 -0.160 102.862 -0.201
201706 -0.175 103.349 -0.219
201709 -0.345 104.136 -0.429
201712 -0.152 104.011 -0.189
201803 0.478 105.290 0.588
201806 0.582 106.317 0.708
201809 0.262 106.507 0.318
201812 0.703 105.998 0.858
201903 0.370 107.251 0.446
201906 0.597 108.070 0.715
201909 -0.105 108.329 -0.125
201912 -0.162 108.420 -0.193
202003 -0.048 108.902 -0.057
202006 -0.777 108.767 -0.925
202009 -0.246 109.815 -0.290
202012 -0.675 109.897 -0.795
202103 0.409 111.754 0.474
202106 -0.023 114.631 -0.026
202109 0.064 115.734 0.072
202112 -0.047 117.630 -0.052
202203 0.230 121.301 0.245
202206 0.605 125.017 0.626
202209 0.729 125.227 0.753
202212 -0.310 125.222 -0.320
202303 0.819 127.348 0.832
202306 0.864 128.729 0.869
202309 0.869 129.860 0.866
202312 0.458 129.419 0.458

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.


Federal Realty Investment Trust  (NYSE:FRT) 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.


Federal Realty Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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


Federal Realty Investment Trust (Federal Realty Investment Trust) Business Description

Traded in Other Exchanges
Address
909 Rose Avenue, Suite 200, North Bethesda, MD, USA, 20852
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 25.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
Executives
Donald C Wood director, officer: Chief Executive Officer 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jeffrey S Berkes officer: President and COO 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Daniel Guglielmone officer: EVP-CFO and Treasurer 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Thomas Mceachin director 11621 RESEARCH CIRCLE, ALACHUA FL 32615
David W Faeder director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Dawn M Becker officer: EVP-General Counsel &Secretary 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Gail P Steinel director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Elizabeth I Holland director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Jon E Bortz director 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Mark S Ordan director 7315 WISCONSIN AVENUE, SUITE #250 WEST, BETHESDA MD 20814
Joseph Vassalluzzo director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Nicole Lamb-hale director 909 ROSE AVENUE, SUITE 200, NORTH BETHESDA MD 20852
Nader Anthony P Iii director 6862 ELM STREET, SUITE 320, MCLEAN VA 22101
Melissa Solis officer: VP-Chief Accounting Officer 1626 EAST JEFFERSON STREET, ROCKVILLE MD 20852
Kristin Gamble director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852