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Regency Centers (Regency Centers) Cyclically Adjusted FCF per Share : $3.99 (As of Mar. 2024)


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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 $0.908. 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 $3.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Regency Centers's average Cyclically Adjusted FCF Growth Rate was 2.30% 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 (2024-05-16), Regency Centers's current stock price is $60.12. Regency Centers's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.99. Regency Centers's Cyclically Adjusted Price-to-FCF of today is 15.07.

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 21.28.


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 2.78 3.04 3.56 3.80 3.98

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 3.90 3.94 3.97 3.98 3.99

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)
=0.908/131.7762*131.7762
=0.908

Current CPI (Mar. 2024) = 131.7762.

Regency Centers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.732 100.560 0.959
201409 1.063 100.428 1.395
201412 0.642 99.070 0.854
201503 0.580 99.621 0.767
201506 0.772 100.684 1.010
201509 0.945 100.392 1.240
201512 0.717 99.792 0.947
201603 0.785 100.470 1.030
201606 0.758 101.688 0.982
201609 0.710 101.861 0.919
201612 0.686 101.863 0.887
201703 0.258 102.862 0.331
201706 0.847 103.349 1.080
201709 0.988 104.136 1.250
201712 0.726 104.011 0.920
201803 0.877 105.290 1.098
201806 0.890 106.317 1.103
201809 0.965 106.507 1.194
201812 0.857 105.998 1.065
201903 0.783 107.251 0.962
201906 0.940 108.070 1.146
201909 1.072 108.329 1.304
201912 0.907 108.420 1.102
202003 0.748 108.902 0.905
202006 0.540 108.767 0.654
202009 0.925 109.815 1.110
202012 0.734 109.897 0.880
202103 0.820 111.754 0.967
202106 1.093 114.631 1.256
202109 1.074 115.734 1.223
202112 0.878 117.630 0.984
202203 0.832 121.301 0.904
202206 1.072 125.017 1.130
202209 1.169 125.227 1.230
202212 0.744 125.222 0.783
202303 0.945 127.348 0.978
202306 1.008 128.729 1.032
202309 1.195 129.860 1.213
202312 0.931 129.419 0.948
202403 0.908 131.776 0.908

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


Regency Centers  (NAS:REG) 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
=60.12/3.99
=15.07

* 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 21.28.


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 (Regency Centers) 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.
Executives
Stein Martin E Jr director, officer: Chairman and CEO ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Alan Todd Roth officer: Managing Director 1919 GALLOWS ROAD SUITE 1000, VIENNA VA 22182
Michael J Mas officer: EVP and CFO 2764 SHADE TREE DRIVE, FLEMING ISLAND FL 32003
Nicholas Andrew Wibbenmeyer officer: EVP, W. Regional Pres. 1211 W 22ND STREET SUITE 300, OAK BROOK IL 60523
Deirdre Evens director 10 STILLMEADOW WAY, FRAMINGHAM MA 01702
Simmons James H. Iii director 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Thomas W Furphy director C/O REGENCY CENTERS CORPORATION, 1 INDEPENDENT DRIVE, SUITE 1300, JACKSONVILLE FL 32202
Bryce Blair director
David P Oconnor director C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Karin Klein director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, SUITE 1801, NEW YORK NY 10019
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
Kristin Ann Campbell director 500 STAPLES DRIVE, FRAMINGHAM MA 01702
Terah L Devereaux officer: Principal Accounting Officer ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202
Lisa Palmer officer: Chief Financial Officer C/O REGENCY CENTERS CORPORATION, ONE INDEPENDENT DR., SUITE 114, JACKSONVILLE FL 32202
Thomas G Wattles director ONE INDEPENDENT DRIVE, SUITE 114, JACKSONVILLE FL 32202

Regency Centers (Regency Centers) Headlines