GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (NYSE:UDR) » Definitions » Cyclically Adjusted FCF per Share

UDR (UDR) Cyclically Adjusted FCF per Share : $1.84 (As of Mar. 2024)


View and export this data going back to 1990. Start your Free Trial

What is UDR 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.

UDR's adjusted free cash flow per share for the three months ended in Mar. 2024 was $0.336. 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 $1.84 for the trailing ten years ended in Mar. 2024.

During the past 12 months, UDR's average Cyclically Adjusted FCF Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.80% 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 UDR was 61.60% per year. The lowest was -7.00% per year. And the median was 5.70% per year.

As of today (2024-05-24), UDR's current stock price is $38.81. UDR's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.84. UDR's Cyclically Adjusted Price-to-FCF of today is 21.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of UDR was 93.85. The lowest was 17.73. And the median was 31.15.


UDR Cyclically Adjusted FCF per Share Historical Data

The historical data trend for UDR'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.

UDR Cyclically Adjusted FCF per Share Chart

UDR 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 1.21 1.31 1.50 1.68 1.80

UDR 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 1.72 1.76 1.78 1.80 1.84

Competitive Comparison of UDR's Cyclically Adjusted FCF per Share

For the REIT - Residential subindustry, UDR'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.


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

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

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



UDR 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, UDR'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)
=0.336/131.7762*131.7762
=0.336

Current CPI (Mar. 2024) = 131.7762.

UDR Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.296 100.560 0.388
201409 0.274 100.428 0.360
201412 0.390 99.070 0.519
201503 0.291 99.621 0.385
201506 0.353 100.684 0.462
201509 0.211 100.392 0.277
201512 0.430 99.792 0.568
201603 0.330 100.470 0.433
201606 0.329 101.688 0.426
201609 0.535 101.861 0.692
201612 0.452 101.863 0.585
201703 0.361 102.862 0.462
201706 0.332 103.349 0.423
201709 0.402 104.136 0.509
201712 0.366 104.011 0.464
201803 0.435 105.290 0.544
201806 0.342 106.317 0.424
201809 0.440 106.507 0.544
201812 0.429 105.998 0.533
201903 0.370 107.251 0.455
201906 0.376 108.070 0.458
201909 0.425 108.329 0.517
201912 0.388 108.420 0.472
202003 0.339 108.902 0.410
202006 0.493 108.767 0.597
202009 0.320 109.815 0.384
202012 0.306 109.897 0.367
202103 0.310 111.754 0.366
202106 0.554 114.631 0.637
202109 0.346 115.734 0.394
202112 0.436 117.630 0.488
202203 0.365 121.301 0.397
202206 0.608 125.017 0.641
202209 0.412 125.227 0.434
202212 0.426 125.222 0.448
202303 0.331 127.348 0.343
202306 0.443 128.729 0.453
202309 0.372 129.860 0.377
202312 0.430 129.419 0.438
202403 0.336 131.776 0.336

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


UDR  (NYSE:UDR) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=38.81/1.84
=21.09

* 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 UDR was 93.85. The lowest was 17.73. And the median was 31.15.


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.


UDR Cyclically Adjusted FCF per Share Related Terms

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


UDR (UDR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (NYSE:UDR) » Definitions » Cyclically Adjusted FCF per Share
Traded in Other Exchanges
Address
1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129
UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.
Executives
Thomas W Toomey director, officer: Chief Executive Officer
Patricia Sciutto Doerr officer: SVP-Chief ESG/People Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Kevin C Nickelberry director 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Harry G Alcock officer: SVP-Asset Management 4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jerry A Davis officer: SVP-Chief Operating Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Clinton D Mcdonnough director 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Tracy L Hofmeister officer: VP-Accounting 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Joseph D Fisher officer: SVP-Chief Financial Officer 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Diane M Morefield director 200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Michael D Lacy officer: SVP-Property Operations 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Matthew A Cozad officer: SVP-Corp Serv and Innovation 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Warren L Troupe officer: Sr Exec VP & General Counsel 1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
James D Klingbeil director
Lynne B Sagalyn director
Jon A Grove director

UDR (UDR) Headlines

From GuruFocus

Q3 2022 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2023 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2021 UDR Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024