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Whitestone REIT (Whitestone REIT) Cyclically Adjusted FCF per Share : $1.31 (As of Dec. 2023)


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What is Whitestone REIT 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.

Whitestone REIT's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.226. 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 $1.31 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Whitestone REIT's average Cyclically Adjusted FCF Growth Rate was -2.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 46.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 47.50% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Whitestone REIT was 70.10% per year. The lowest was -2.40% per year. And the median was 52.55% per year.

As of today (2024-04-27), Whitestone REIT's current stock price is $11.37. Whitestone REIT's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.31. Whitestone REIT's Cyclically Adjusted Price-to-FCF of today is 8.68.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Whitestone REIT was 479.33. The lowest was 6.27. And the median was 24.54.


Whitestone REIT Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Whitestone REIT'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.

Whitestone REIT Cyclically Adjusted FCF per Share Chart

Whitestone REIT 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 0.31 0.42 1.28 1.34 1.31

Whitestone REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.34 1.35 1.36 1.35 1.31

Competitive Comparison of Whitestone REIT's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Whitestone REIT'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.


Whitestone REIT's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

* The bar in red indicates where Whitestone REIT's Cyclically Adjusted Price-to-FCF falls into.



Whitestone REIT 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, Whitestone REIT's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.226/129.4194*129.4194
=0.226

Current CPI (Dec. 2023) = 129.4194.

Whitestone REIT Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.272 99.695 0.353
201406 0.278 100.560 0.358
201409 0.337 100.428 0.434
201412 0.240 99.070 0.314
201503 0.323 99.621 0.420
201506 0.301 100.684 0.387
201509 0.422 100.392 0.544
201512 0.351 99.792 0.455
201603 0.206 100.470 0.265
201606 0.379 101.688 0.482
201609 0.409 101.861 0.520
201612 0.429 101.863 0.545
201703 0.029 102.862 0.036
201706 0.357 103.349 0.447
201709 0.368 104.136 0.457
201712 0.337 104.011 0.419
201803 0.127 105.290 0.156
201806 0.267 106.317 0.325
201809 0.315 106.507 0.383
201812 0.264 105.998 0.322
201903 0.149 107.251 0.180
201906 0.324 108.070 0.388
201909 0.257 108.329 0.307
201912 0.417 108.420 0.498
202003 0.121 108.902 0.144
202006 0.204 108.767 0.243
202009 0.352 109.815 0.415
202012 0.316 109.897 0.372
202103 0.095 111.754 0.110
202106 0.226 114.631 0.255
202109 0.368 115.734 0.412
202112 0.307 117.630 0.338
202203 0.098 121.301 0.105
202206 0.268 125.017 0.277
202209 0.302 125.227 0.312
202212 0.219 125.222 0.226
202303 0.098 127.348 0.100
202306 0.334 128.729 0.336
202309 0.279 129.860 0.278
202312 0.226 129.419 0.226

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


Whitestone REIT  (NYSE:WSR) 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.

Whitestone REIT's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=11.37/1.31
=8.68

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Whitestone REIT was 479.33. The lowest was 6.27. And the median was 24.54.


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.


Whitestone REIT Cyclically Adjusted FCF per Share Related Terms

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


Whitestone REIT (Whitestone REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Whitestone REIT (NYSE:WSR) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
N/A
Address
2600 South Gessner, Suite 500, Houston, TX, USA, 77063
Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.
Executives
Julia Bruns Buthman director 5414 BELMONT AVE., DALLAS TX 75206
Amy Shih-hua Feng director 305 2ND AVENUE, APT 534, NEW YORK NY 10003
Christine J Mastandrea officer: VP Strategy & Mkt Research 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Soklin Siv officer: VP of Human Resources 4506 LAKE BARDWELL CT., RICHMOND TX 77406
John Scott Hogan officer: Chief Financial Officer 2311 SUN SHADOW LN, SPRING TX 77386
Peter Tropoli officer: General Counsel
Jeffrey Alan Jones director WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
James C Mastandrea director, officer: CHAIRMAN & CEO 1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
David F. Taylor director WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Najeeb A Khan director PO BOX 1602, SOUTH BEND IN 46634
Nandita Berry director 2600 SOUTH GESSNER, SUITE 500, HOUSTON TX 77063
Paul T Lambert director
David K Holeman officer: CHIEF FINANCIAL OFFICER 20 GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046
John J Dee officer: CHIEF OPERATING OFFICER
Kyle A Miller officer: Vice President of Operations 2600 SOUTH GESSNER ROAD SUITE 500, HOUSTON TX 77063

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