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Allied Properties Real Estate Investment Trust (TSX:AP.UN) E10 : C$3.68 (As of Sep. 2024)


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What is Allied Properties Real Estate Investment Trust E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Allied Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Sep. 2024 was C$-0.674. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$3.68 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Allied Properties Real Estate Investment Trust's average E10 Growth Rate was -14.20% per year. During the past 3 years, the average E10 Growth Rate was -5.30% per year. During the past 5 years, the average E10 Growth Rate was 0.40% per year. During the past 10 years, the average E10 Growth Rate was 9.30% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Allied Properties Real Estate Investment Trust was 16.40% per year. The lowest was -5.30% per year. And the median was 12.80% per year.

As of today (2024-12-11), Allied Properties Real Estate Investment Trust's current stock price is C$18.11. Allied Properties Real Estate Investment Trust's E10 for the quarter that ended in Sep. 2024 was C$3.68. Allied Properties Real Estate Investment Trust's Shiller PE Ratio of today is 4.92.

During the past 13 years, the highest Shiller PE Ratio of Allied Properties Real Estate Investment Trust was 20.22. The lowest was 3.69. And the median was 12.06.


Allied Properties Real Estate Investment Trust E10 Historical Data

The historical data trend for Allied Properties Real Estate Investment Trust's E10 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.

Allied Properties Real Estate Investment Trust E10 Chart

Allied Properties Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.34 4.48 4.64 4.40 3.80

Allied Properties Real Estate Investment Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
E10 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 4.29 3.80 3.79 3.81 3.68

Competitive Comparison of Allied Properties Real Estate Investment Trust's E10

For the REIT - Office subindustry, Allied Properties Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Allied Properties Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Allied Properties Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Allied Properties Real Estate Investment Trust's Shiller PE Ratio falls into.



Allied Properties Real Estate Investment Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Allied Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-0.674/127.2847*127.2847
=-0.674

Current CPI (Sep. 2024) = 127.2847.

Allied Properties Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201412 1.140 98.367 1.475
201503 -0.050 99.789 -0.064
201506 1.630 100.500 2.064
201509 1.100 100.421 1.394
201512 0.570 99.947 0.726
201603 0.480 101.054 0.605
201606 0.880 102.002 1.098
201609 0.660 101.765 0.826
201612 1.990 101.449 2.497
201703 0.940 102.634 1.166
201706 1.330 103.029 1.643
201709 1.150 103.345 1.416
201712 0.650 103.345 0.801
201803 0.910 105.004 1.103
201806 1.210 105.557 1.459
201809 2.030 105.636 2.446
201812 1.310 105.399 1.582
201903 1.360 106.979 1.618
201906 0.910 107.690 1.076
201909 1.040 107.611 1.230
201912 2.290 107.769 2.705
202003 2.070 107.927 2.441
202006 0.750 108.401 0.881
202009 0.550 108.164 0.647
202012 0.640 108.559 0.750
202103 0.610 110.298 0.704
202106 0.770 111.720 0.877
202109 0.840 112.905 0.947
202112 1.250 113.774 1.398
202203 1.460 117.646 1.580
202206 0.700 120.806 0.738
202209 0.319 120.648 0.337
202212 0.281 120.964 0.296
202303 -0.118 122.702 -0.122
202306 0.887 124.203 0.909
202309 -0.243 125.230 -0.247
202312 -3.573 125.072 -3.636
202403 -0.134 126.258 -0.135
202406 0.201 127.522 0.201
202409 -0.674 127.285 -0.674

Add all the adjusted EPS together and divide 10 will get our e10.


Allied Properties Real Estate Investment Trust  (TSX:AP.UN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Allied Properties Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.11/3.68
=4.92

* 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 Shiller P/E Ratio of Allied Properties Real Estate Investment Trust was 20.22. The lowest was 3.69. And the median was 12.06.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Allied Properties Real Estate Investment Trust E10 Related Terms

Thank you for viewing the detailed overview of Allied Properties Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Allied Properties Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
134 Peter Street, Suite 1700, Toronto, ON, CAN, M5V 2H2
Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada. Allied Properties' major tenants include IT, banking, government, marketing, and telecommunications firms. The company also controls a number of telecommunications/IT and retail properties within its real estate portfolio.

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