GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dream Industrial Real Estate Investment Trust (OTCPK:DREUF) » Definitions » Cyclically Adjusted FCF per Share

Dream Industrial Real Estate Investment Trust (Dream Industrial Real Estate Investment Trust) Cyclically Adjusted FCF per Share : $0.47 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Dream Industrial Real Estate Investment Trust 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.

Dream Industrial Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.041. 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 $0.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Dream Industrial Real Estate Investment Trust's average Cyclically Adjusted FCF Growth Rate was -4.40% 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.

As of today (2024-05-24), Dream Industrial Real Estate Investment Trust's current stock price is $9.326. Dream Industrial Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $0.47. Dream Industrial Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 19.84.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Dream Industrial Real Estate Investment Trust was 22.06. The lowest was 15.17. And the median was 20.01.


Dream Industrial Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Dream Industrial Real Estate Investment Trust'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.

Dream Industrial Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Dream Industrial Real Estate Investment Trust 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 - - - 0.50 0.50

Dream Industrial Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.49 0.51 0.51 0.50 0.47

Competitive Comparison of Dream Industrial Real Estate Investment Trust's Cyclically Adjusted FCF per Share

For the REIT - Industrial subindustry, Dream Industrial Real Estate 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.


Dream Industrial Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Dream Industrial Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF falls into.



Dream Industrial Real Estate Investment Trust 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, Dream Industrial Real Estate Investment Trust'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)
=0.041/126.2576*126.2576
=0.041

Current CPI (Mar. 2024) = 126.2576.

Dream Industrial Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.086 99.473 0.109
201409 0.177 99.394 0.225
201412 0.100 98.367 0.128
201503 0.134 99.789 0.170
201506 0.107 100.500 0.134
201509 0.138 100.421 0.174
201512 0.066 99.947 0.083
201603 0.116 101.054 0.145
201606 0.101 102.002 0.125
201609 0.092 101.765 0.114
201612 0.038 101.449 0.047
201703 0.127 102.634 0.156
201706 0.085 103.029 0.104
201709 0.134 103.345 0.164
201712 0.098 103.345 0.120
201803 0.116 105.004 0.139
201806 0.118 105.557 0.141
201809 0.087 105.636 0.104
201812 0.130 105.399 0.156
201903 0.176 106.979 0.208
201906 0.125 107.690 0.147
201909 0.146 107.611 0.171
201912 0.175 107.769 0.205
202003 0.122 107.927 0.143
202006 0.147 108.401 0.171
202009 0.151 108.164 0.176
202012 0.143 108.559 0.166
202103 0.160 110.298 0.183
202106 0.152 111.720 0.172
202109 0.099 112.905 0.111
202112 0.077 113.774 0.085
202203 0.050 117.646 0.054
202206 0.051 120.806 0.053
202209 0.062 120.648 0.065
202212 0.039 120.964 0.041
202303 0.106 122.702 0.109
202306 0.097 124.203 0.099
202309 0.042 125.230 0.042
202312 0.062 125.072 0.063
202403 0.041 126.258 0.041

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


Dream Industrial Real Estate Investment Trust  (OTCPK:DREUF) 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.

Dream Industrial Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=9.326/0.47
=19.84

* 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 12 years, the highest Cyclically Adjusted Price-to-FCF of Dream Industrial Real Estate Investment Trust was 22.06. The lowest was 15.17. And the median was 20.01.


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.


Dream Industrial Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Dream Industrial Real Estate Investment Trust's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Dream Industrial Real Estate Investment Trust (Dream Industrial Real Estate Investment Trust) Business Description

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada, Europe and the USA. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders. Geographically the business is organized into Ontario, Quebec, Western Canada, Europe and the USA. Substantial revenue is derived from the European portfolio.

Dream Industrial Real Estate Investment Trust (Dream Industrial Real Estate Investment Trust) Headlines