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Plaza Retail REIT (TSX:PLZ.UN) Cyclically Adjusted Revenue per Share : C$1.22 (As of Mar. 2024)


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What is Plaza Retail REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Plaza Retail REIT's adjusted revenue per share for the three months ended in Mar. 2024 was C$0.268. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$1.22 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Plaza Retail REIT was 4.20% per year. The lowest was 1.20% per year. And the median was 3.10% per year.

As of today (2024-05-20), Plaza Retail REIT's current stock price is C$3.68. Plaza Retail REIT's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$1.22. Plaza Retail REIT's Cyclically Adjusted PS Ratio of today is 3.02.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Plaza Retail REIT was 5.04. The lowest was 2.45. And the median was 4.04.


Plaza Retail REIT Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Plaza Retail REIT's Cyclically Adjusted Revenue 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.

Plaza Retail REIT Cyclically Adjusted Revenue per Share Chart

Plaza Retail REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 1.10 1.14 1.21 1.21

Plaza Retail REIT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 1.22 1.23 1.23 1.21 1.22

Competitive Comparison of Plaza Retail REIT's Cyclically Adjusted Revenue per Share

For the REIT - Retail subindustry, Plaza Retail REIT's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Plaza Retail REIT's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Plaza Retail REIT's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Plaza Retail REIT's Cyclically Adjusted PS Ratio falls into.



Plaza Retail REIT Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, Plaza Retail REIT's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.268/126.2576*126.2576
=0.268

Current CPI (Mar. 2024) = 126.2576.

Plaza Retail REIT Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.254 99.473 0.322
201409 0.250 99.394 0.318
201412 0.253 98.367 0.325
201503 0.258 99.789 0.326
201506 0.258 100.500 0.324
201509 0.258 100.421 0.324
201512 0.262 99.947 0.331
201603 0.250 101.054 0.312
201606 0.254 102.002 0.314
201609 0.261 101.765 0.324
201612 0.256 101.449 0.319
201703 0.251 102.634 0.309
201706 0.265 103.029 0.325
201709 0.248 103.345 0.303
201712 0.253 103.345 0.309
201803 0.255 105.004 0.307
201806 0.257 105.557 0.307
201809 0.251 105.636 0.300
201812 0.254 105.399 0.304
201903 0.309 106.979 0.365
201906 0.257 107.690 0.301
201909 0.263 107.611 0.309
201912 0.269 107.769 0.315
202003 0.268 107.927 0.314
202006 0.263 108.401 0.306
202009 0.255 108.164 0.298
202012 0.264 108.559 0.307
202103 0.262 110.298 0.300
202106 0.294 111.720 0.332
202109 0.261 112.905 0.292
202112 0.269 113.774 0.299
202203 0.274 117.646 0.294
202206 0.273 120.806 0.285
202209 0.271 120.648 0.284
202212 0.275 120.964 0.287
202303 0.257 122.702 0.264
202306 0.258 124.203 0.262
202309 0.256 125.230 0.258
202312 0.262 125.072 0.264
202403 0.268 126.258 0.268

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Plaza Retail REIT  (TSX:PLZ.UN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Plaza Retail REIT's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.68/1.22
=3.02

* 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 Cyclically Adjusted PS Ratio of Plaza Retail REIT was 5.04. The lowest was 2.45. And the median was 4.04.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Plaza Retail REIT Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Plaza Retail REIT's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Plaza Retail REIT (TSX:PLZ.UN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Plaza Retail REIT (TSX:PLZ.UN) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
98 Main Street, Fredericton, NB, CAN, E3A 9N6
Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.

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