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Dream Office Real Estate Investment Trust (Dream Office Real Estate Investment Trust) Cyclically Adjusted Price-to-FCF : 7.34 (As of May. 24, 2024)


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What is Dream Office Real Estate Investment Trust Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Dream Office Real Estate Investment Trust's current share price is $13.00. Dream Office Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.77. Dream Office Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF for today is 7.34.

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

DRETF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.99   Med: 13.39   Max: 23.14
Current: 7.15

During the past years, Dream Office Real Estate Investment Trust's highest Cyclically Adjusted Price-to-FCF was 23.14. The lowest was 5.99. And the median was 13.39.

DRETF's Cyclically Adjusted Price-to-FCF is ranked better than
71.58% of 387 companies
in the REITs industry
Industry Median: 11.46 vs DRETF: 7.15

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 Office Real Estate Investment Trust's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.601. 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 $1.77 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dream Office Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Dream Office Real Estate 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.

Dream Office Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Chart

Dream Office Real Estate 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 - 16.67 19.16 11.57 8.45

Dream Office 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 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 11.40 10.10 7.59 8.45 6.51

Competitive Comparison of Dream Office Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Office subindustry, Dream Office 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 Office Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Dream Office Real Estate 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.

Dream Office Real Estate 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
=13.00/1.77
=7.34

* 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.

Dream Office Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Dream Office 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)
=0.601/126.2576*126.2576
=0.601

Current CPI (Mar. 2024) = 126.2576.

Dream Office Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.818 99.473 1.038
201409 0.703 99.394 0.893
201412 0.658 98.367 0.845
201503 0.490 99.789 0.620
201506 0.637 100.500 0.800
201509 0.445 100.421 0.559
201512 0.445 99.947 0.562
201603 0.300 101.054 0.375
201606 0.262 102.002 0.324
201609 0.366 101.765 0.454
201612 0.299 101.449 0.372
201703 0.407 102.634 0.501
201706 0.042 103.029 0.051
201709 0.235 103.345 0.287
201712 0.019 103.345 0.023
201803 0.470 105.004 0.565
201806 -0.040 105.557 -0.048
201809 0.272 105.636 0.325
201812 -0.119 105.399 -0.143
201903 0.611 106.979 0.721
201906 0.643 107.690 0.754
201909 0.604 107.611 0.709
201912 0.473 107.769 0.554
202003 0.320 107.927 0.374
202006 0.549 108.401 0.639
202009 0.299 108.164 0.349
202012 0.293 108.559 0.341
202103 0.528 110.298 0.604
202106 0.396 111.720 0.448
202109 0.553 112.905 0.618
202112 1.410 113.774 1.565
202203 0.469 117.646 0.503
202206 0.233 120.806 0.244
202209 0.453 120.648 0.474
202212 0.034 120.964 0.035
202303 0.247 122.702 0.254
202306 0.383 124.203 0.389
202309 0.437 125.230 0.441
202312 0.489 125.072 0.494
202403 0.601 126.258 0.601

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.


Dream Office Real Estate Investment Trust  (OTCPK:DRETF) 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.


Dream Office Real Estate Investment Trust Cyclically Adjusted Price-to-FCF Related Terms

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

Traded in Other Exchanges
Address
30 Adelaide Street East, Suite 301, State Street Financial Centre, Toronto, ON, CAN, M5C 3H1
Dream Office Real Estate Investment Trust is a real estate investment trust that acquires, manages, and leases primarily central business district and suburban office properties in urban areas throughout Canada. The majority of the company's real estate portfolio, in terms of revenue generation, is located in the Canadian province of Ontario. The province of Alberta also brings in a sizable percentage of revenue. The company generates nearly all of its revenue in the form of rental income from mid-to long-term lease agreements with tenants. The company's office buildings located in central business districts are responsible for the vast majority of its revenue generation. Most of Dream Office's customers are in the finance, insurance, science, and government industries.

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