GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Regency Centers Corp (BSP:R1EG34) » Definitions » Cyclically Adjusted FCF per Share

Regency Centers (BSP:R1EG34) Cyclically Adjusted FCF per Share : R$9.99 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Regency Centers 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.

Regency Centers's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$2.261. 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 R$9.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Regency Centers's average Cyclically Adjusted FCF Growth Rate was 4.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 9.40% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 10.80% 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 Regency Centers was 61.50% per year. The lowest was -16.30% per year. And the median was 16.95% per year.

As of today (2024-06-01), Regency Centers's current stock price is R$154.88. Regency Centers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$9.99. Regency Centers's Cyclically Adjusted Price-to-FCF of today is 15.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Regency Centers was 497.50. The lowest was 11.48. And the median was 21.20.


Regency Centers Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Regency Centers'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.

Regency Centers Cyclically Adjusted FCF per Share Chart

Regency Centers 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 - 7.81 9.91 9.92 9.47

Regency Centers 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 9.51 9.30 10.18 9.47 9.99

Competitive Comparison of Regency Centers's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Regency Centers'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.


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

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

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



Regency Centers 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, Regency Centers'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)
=2.261/131.7762*131.7762
=2.261

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.818 100.560 1.072
201409 1.243 100.428 1.631
201412 0.849 99.070 1.129
201503 0.911 99.621 1.205
201506 1.201 100.684 1.572
201509 1.843 100.392 2.419
201512 1.391 99.792 1.837
201603 1.451 100.470 1.903
201606 1.298 101.688 1.682
201609 1.155 101.861 1.494
201612 1.150 101.863 1.488
201703 0.403 102.862 0.516
201706 1.396 103.349 1.780
201709 1.547 104.136 1.958
201712 1.196 104.011 1.515
201803 1.437 105.290 1.798
201806 1.678 106.317 2.080
201809 1.982 106.507 2.452
201812 1.664 105.998 2.069
201903 1.504 107.251 1.848
201906 1.813 108.070 2.211
201909 2.208 108.329 2.686
201912 1.860 108.420 2.261
202003 1.829 108.902 2.213
202006 1.400 108.767 1.696
202009 2.497 109.815 2.996
202012 1.887 109.897 2.263
202103 2.310 111.754 2.724
202106 2.747 114.631 3.158
202109 2.834 115.734 3.227
202112 2.483 117.630 2.782
202203 2.071 121.301 2.250
202206 2.706 125.017 2.852
202209 3.064 125.227 3.224
202212 1.950 125.222 2.052
202303 2.462 127.348 2.548
202306 2.445 128.729 2.503
202309 2.951 129.860 2.995
202312 2.280 129.419 2.322
202403 2.261 131.776 2.261

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


Regency Centers  (BSP:R1EG34) 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.

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

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=154.88/9.99
=15.50

* 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 Regency Centers was 497.50. The lowest was 11.48. And the median was 21.20.


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.


Regency Centers Cyclically Adjusted FCF per Share Related Terms

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


Regency Centers (BSP:R1EG34) Business Description

Industry
Traded in Other Exchanges
Address
One Independent Drive, Suite 114, Jacksonville, FL, USA, 32202-5019
Regency Centers is the largest shopping center-focused retail REIT. The company's portfolio includes an interest in 480 properties, which includes nearly 57 million square feet of retail space following the completion of the Urstadt Biddle acquisition in August 2023. The portfolio is geographically diversified with 22 regional offices and no single market representing more than 14% of total company net operating income. Regency's retail portfolio is primarily composed of grocery-anchored centers, with 80% of properties featuring a grocery anchor and grocery stores representing 20% of annual base rent.

Regency Centers (BSP:R1EG34) Headlines

No Headlines