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First Industrial Realty Trust (FRA:F5W) Cyclically Adjusted Revenue per Share : €3.92 (As of Mar. 2024)


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What is First Industrial Realty Trust Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

First Industrial Realty Trust's adjusted revenue per share for the three months ended in Mar. 2024 was €1.128. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €3.92 for the trailing ten years ended in Mar. 2024.

During the past 12 months, First Industrial Realty Trust's average Cyclically Adjusted Revenue Growth Rate was 5.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -6.50% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of First Industrial Realty Trust was 5.10% per year. The lowest was -12.80% per year. And the median was -4.50% per year.

As of today (2024-06-09), First Industrial Realty Trust's current stock price is €42.40. First Industrial Realty Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €3.92. First Industrial Realty Trust's Cyclically Adjusted PS Ratio of today is 10.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of First Industrial Realty Trust was 17.61. The lowest was 2.02. And the median was 7.08.


First Industrial Realty Trust Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for First Industrial Realty Trust's Cyclically Adjusted Revenue 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.

First Industrial Realty Trust Cyclically Adjusted Revenue per Share Chart

First Industrial Realty Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.86 3.29 3.73 3.77

First Industrial Realty Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 3.68 3.73 3.93 3.77 3.92

Competitive Comparison of First Industrial Realty Trust's Cyclically Adjusted Revenue per Share

For the REIT - Industrial subindustry, First Industrial Realty Trust's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


First Industrial Realty Trust's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, First Industrial Realty Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Industrial Realty Trust's Cyclically Adjusted PS Ratio falls into.



First Industrial Realty Trust Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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, First Industrial Realty Trust's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.128/131.7762*131.7762
=1.128

Current CPI (Mar. 2024) = 131.7762.

First Industrial Realty Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.560 100.560 0.734
201409 0.608 100.428 0.798
201412 0.679 99.070 0.903
201503 0.751 99.621 0.993
201506 0.728 100.684 0.953
201509 0.741 100.392 0.973
201512 0.771 99.792 1.018
201603 0.756 100.470 0.992
201606 0.710 101.688 0.920
201609 0.713 101.861 0.922
201612 0.793 101.863 1.026
201703 0.776 102.862 0.994
201706 0.737 103.349 0.940
201709 0.694 104.136 0.878
201712 0.719 104.011 0.911
201803 0.673 105.290 0.842
201806 0.682 106.317 0.845
201809 0.681 106.507 0.843
201812 0.731 105.998 0.909
201903 0.732 107.251 0.899
201906 0.728 108.070 0.888
201909 0.763 108.329 0.928
201912 0.785 108.420 0.954
202003 0.786 108.902 0.951
202006 0.762 108.767 0.923
202009 0.770 109.815 0.924
202012 0.715 109.897 0.857
202103 0.756 111.754 0.891
202106 0.754 114.631 0.867
202109 0.793 115.734 0.903
202112 0.821 117.630 0.920
202203 0.864 121.301 0.939
202206 0.931 125.017 0.981
202209 1.068 125.227 1.124
202212 1.032 125.222 1.086
202303 1.055 127.348 1.092
202306 1.062 128.729 1.087
202309 1.098 129.860 1.114
202312 1.089 129.419 1.109
202403 1.128 131.776 1.128

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


First Industrial Realty Trust  (FRA:F5W) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

First Industrial Realty Trust's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=42.40/3.92
=10.82

* 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 PS Ratio of First Industrial Realty Trust was 17.61. The lowest was 2.02. And the median was 7.08.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


First Industrial Realty Trust Cyclically Adjusted Revenue per Share Related Terms

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


First Industrial Realty Trust (FRA:F5W) Business Description

Industry
Traded in Other Exchanges
Address
One North Wacker Drive, Suite 4200, Chicago, IL, USA, 60606
First Industrial Realty Trust is a real estate investment trust which which owns, manages, acquires, sells, develops and redevelops industrial real estate. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial's holdings, bulk warehouses make up most of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

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