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Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Cyclically Adjusted FCF per Share : $26.42 (As of Sep. 2023)


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What is Pennsylvania Real Estate Investment Trust 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.

Pennsylvania Real Estate Investment Trust's adjusted free cash flow per share for the three months ended in Sep. 2023 was $-0.140. 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 $26.42 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Pennsylvania Real Estate Investment Trust's average Cyclically Adjusted FCF Growth Rate was -6.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -4.80% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 9.50% 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 Pennsylvania Real Estate Investment Trust was 73.70% per year. The lowest was -97.30% per year. And the median was 1.10% per year.

As of today (2024-05-25), Pennsylvania Real Estate Investment Trust's current stock price is $0.55. Pennsylvania Real Estate Investment Trust's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 was $26.42. Pennsylvania Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is 0.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Pennsylvania Real Estate Investment Trust was 71.81. The lowest was 0.01. And the median was 3.75.


Pennsylvania Real Estate Investment Trust Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Pennsylvania Real Estate Investment Trust'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.

Pennsylvania Real Estate Investment Trust Cyclically Adjusted FCF per Share Chart

Pennsylvania Real Estate Investment Trust Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.31 31.62 28.29 28.22 27.31

Pennsylvania Real Estate Investment Trust Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 28.21 27.31 27.72 26.94 26.42

Competitive Comparison of Pennsylvania Real Estate Investment Trust's Cyclically Adjusted FCF per Share

For the REIT - Retail subindustry, Pennsylvania 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.


Pennsylvania Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

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

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



Pennsylvania Real Estate Investment Trust 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, Pennsylvania Real Estate Investment Trust's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=-0.14/129.8595*129.8595
=-0.140

Current CPI (Sep. 2023) = 129.8595.

Pennsylvania Real Estate Investment Trust Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 11.158 98.326 14.736
201403 6.300 99.695 8.206
201406 11.519 100.560 14.875
201409 2.931 100.428 3.790
201412 9.950 99.070 13.042
201503 5.527 99.621 7.205
201506 7.512 100.684 9.689
201509 5.765 100.392 7.457
201512 9.428 99.792 12.269
201603 9.297 100.470 12.017
201606 7.486 101.688 9.560
201609 4.880 101.861 6.221
201612 10.645 101.863 13.571
201703 8.178 102.862 10.324
201706 6.566 103.349 8.250
201709 4.788 104.136 5.971
201712 9.885 104.011 12.342
201803 6.219 105.290 7.670
201806 8.024 106.317 9.801
201809 3.787 106.507 4.617
201812 8.387 105.998 10.275
201903 4.771 107.251 5.777
201906 7.691 108.070 9.242
201909 3.395 108.329 4.070
201912 6.183 108.420 7.406
202003 2.780 108.902 3.315
202006 -3.515 108.767 -4.197
202009 -0.988 109.815 -1.168
202012 2.846 109.897 3.363
202103 3.135 111.754 3.643
202106 3.542 114.631 4.013
202109 0.667 115.734 0.748
202112 5.814 117.630 6.418
202203 2.723 121.301 2.915
202206 3.129 125.017 3.250
202209 1.346 125.227 1.396
202212 5.799 125.222 6.014
202303 3.432 127.348 3.500
202306 2.736 128.729 2.760
202309 -0.140 129.860 -0.140

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


Pennsylvania Real Estate Investment Trust  (OTCPK:PRETQ) 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.

Pennsylvania Real Estate Investment Trust's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=0.55/26.42
=0.02

* 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 Price-to-FCF of Pennsylvania Real Estate Investment Trust was 71.81. The lowest was 0.01. And the median was 3.75.


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.


Pennsylvania Real Estate Investment Trust Cyclically Adjusted FCF per Share Related Terms

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


Pennsylvania Real Estate Investment Trust (Pennsylvania Real Estate Investment Trust) Business Description

Address
One Commerce Square, 2005 Market Street, Suite 1000, Philadelphia, PA, USA, 19103
Pennsylvania Real Estate Investment Trust is a self-managed and self-administered REIT in the United States. It is engaged in the ownership, management, leasing, acquisition, redevelopment, development, and disposition of retail shopping malls including regional department stores and large format retailers. Its properties involve mall portfolio, redevelopment, specialty leasing, partnerships, and marketing. It derives the substantial majority of revenue from rent leases of retail properties in the real estate portfolio.
Executives
Christopher Swann director C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Kenneth B. Hart director C/O PENN REAL ESTATE TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103
Joseph J. Aristone officer: EVP - Leasing C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Joseph F Coradino director, officer: Chief Executive Officer C/O PENN. REAL ESTATE INVESTMENT TRUST, 200 S. BROAD ST., THE BELLEVUE, PHILADEPHIA PA 19102
Michael J. Demarco director C/O MACK-CALI REALTY CORPORATION, HARBORSIDE 3, 210 HUDSON ST., STE. 400, JERSEY CITY NJ 07311
Ventresca Mario C. Jr. officer: EVP-Chief Financial Officer C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Andrew M. Ioannou officer: EVP-Finance and Acquisitions C/O PENN REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Mark E Pasquerilla director
Charles P Pizzi director C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Joanne A. Epps director C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Alburger George J Jr director C/O LIBERTY PROPERTY TRUST, 65 VALLEY STREAM PARKWAY, MALVERN PA 19355
Lisa M. Most officer: EVP, GC, CCO & Secretary C/O PENN. REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 SOUTH BROAD STREET, PHILADELPHIA PA 19102
Heather Crowell officer: EVP-Strategy & Communications C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
John Joseph Roberts director 1007 CANTERBURY LANE, VILLANOVA PA 19085
Sathana Semonsky officer: VP - Chief Accounting Officer C/O PENN. REAL ESTATE INVESTMENT TRUST, 2005 MARKET STREET, SUITE 1000, PHILADELPHIA PA 19103