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Rexford Industrial Realty (Rexford Industrial Realty) Cyclically Adjusted Price-to-FCF : 54.68 (As of Apr. 27, 2024)


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What is Rexford Industrial Realty Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Rexford Industrial Realty's current share price is $43.20. Rexford Industrial Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.79. Rexford Industrial Realty's Cyclically Adjusted Price-to-FCF for today is 54.68.

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

REXR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 53.05   Med: 79.19   Max: 150.2
Current: 54.4

During the past years, Rexford Industrial Realty's highest Cyclically Adjusted Price-to-FCF was 150.20. The lowest was 53.05. And the median was 79.19.

REXR's Cyclically Adjusted Price-to-FCF is ranked worse than
90.51% of 390 companies
in the REITs industry
Industry Median: 11.545 vs REXR: 54.40

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.

Rexford Industrial Realty's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.251. 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 $0.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Rexford Industrial Realty Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Rexford Industrial Realty'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.

Rexford Industrial Realty Cyclically Adjusted Price-to-FCF Chart

Rexford Industrial Realty 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 - - 151.37 76.79 72.55

Rexford Industrial Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 78.56 66.58 62.65 72.55 63.63

Competitive Comparison of Rexford Industrial Realty's Cyclically Adjusted Price-to-FCF

For the REIT - Industrial subindustry, Rexford Industrial 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.


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

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

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



Rexford Industrial Realty 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.

Rexford Industrial Realty's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=43.20/0.79
=54.68

* 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.

Rexford Industrial Realty's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Rexford Industrial Realty's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.251/129.4194*129.4194
=0.251

Current CPI (Mar. 2024) = 129.4194.

Rexford Industrial Realty Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.141 100.560 0.181
201409 0.118 100.428 0.152
201412 0.033 99.070 0.043
201503 0.104 99.621 0.135
201506 0.054 100.684 0.069
201509 0.134 100.392 0.173
201512 0.049 99.792 0.064
201603 0.142 100.470 0.183
201606 0.019 101.688 0.024
201609 0.166 101.861 0.211
201612 0.063 101.863 0.080
201703 0.195 102.862 0.245
201706 0.021 103.349 0.026
201709 0.199 104.136 0.247
201712 0.069 104.011 0.086
201803 0.131 105.290 0.161
201806 0.100 106.317 0.122
201809 0.229 106.507 0.278
201812 0.055 105.998 0.067
201903 0.268 107.251 0.323
201906 0.121 108.070 0.145
201909 0.307 108.329 0.367
201912 0.172 108.420 0.205
202003 0.270 108.902 0.321
202006 0.059 108.767 0.070
202009 0.413 109.815 0.487
202012 0.120 109.897 0.141
202103 0.100 111.754 0.116
202106 0.289 114.631 0.326
202109 0.402 115.734 0.450
202112 0.134 117.630 0.147
202203 0.399 121.301 0.426
202206 0.263 125.017 0.272
202209 0.364 125.227 0.376
202212 0.119 125.222 0.123
202303 0.384 127.348 0.390
202306 0.176 128.729 0.177
202309 0.164 129.860 0.163
202312 0.079 129.419 0.079
202403 0.251 129.419 0.251

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.


Rexford Industrial Realty  (NYSE:REXR) 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.


Rexford Industrial Realty Cyclically Adjusted Price-to-FCF Related Terms

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


Rexford Industrial Realty (Rexford Industrial Realty) Business Description

Address
11620 Wilshire Boulevard, Suite 1000, Los Angeles, CA, USA, 90025
Rexford Industrial Realty Inc is a real estate investment trust primarily engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's largest tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.
Executives
Laura E Clark officer: Chief Financial Officer 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Howard Schwimmer director, officer: Co-CEO, Co-President 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
David E. Lanzer officer: General Counsel 11620 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90025
Angela L. Kleiman director 1100 PARK PLACE, SUITE 200, SAN MATEO CA 94403
Michael S. Frankel director, officer: Co-CEO 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
Debra L Morris director 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Richard S Ziman director C/O AVP ADVISORS INC., 10940 WILSHIRE BLVD., STE. 1950, LOS ANGELES CA 90024
Adeel Khan officer: Chief Financial Officer 11620 WILSHIRE BOULEVARD, SUITE 300, LOS ANGELES CA 90025
Steven C Good director 11755 WILSHIRE BOULEVARD, SUITE 1700, LOS ANGELES CA 90025
Diana J Ingram director 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025
Tyler H Rose director 12200 W OLYMPIC BLVD, SUITE 200, LOS ANGELES CA 90064
Peter E Schwab director C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Jonathan Abrams officer: General Counsel 355 SOUTH GRAND AVENUE, SUITE 3300, LOS ANGELES CA 90071
Joel S Marcus director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Leslie E Bider director 1299 OCEAN AVENUE, SUITE 1000, SANTA MONICA CA 90401