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CT Real Estate Investment Trust (TSX:CRT.UN) E10 : C$1.27 (As of Mar. 2024)


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What is CT Real Estate Investment Trust E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

CT Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was C$0.345. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.27 for the trailing ten years ended in Mar. 2024.

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 E10 growth rate using E10 data.

As of today (2024-06-09), CT Real Estate Investment Trust's current stock price is C$13.65. CT Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2024 was C$1.27. CT Real Estate Investment Trust's Shiller PE Ratio of today is 10.75.

During the past 11 years, the highest Shiller PE Ratio of CT Real Estate Investment Trust was 11.44. The lowest was 9.79. And the median was 10.76.


CT Real Estate Investment Trust E10 Historical Data

The historical data trend for CT Real Estate Investment Trust's E10 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.

CT Real Estate Investment Trust E10 Chart

CT Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.30

CT Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 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 - - 1.30 1.30 1.27

Competitive Comparison of CT Real Estate Investment Trust's E10

For the REIT - Retail subindustry, CT Real Estate Investment Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


CT Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CT Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CT Real Estate Investment Trust's Shiller PE Ratio falls into.



CT Real Estate Investment Trust E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, CT Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.345/126.2576*126.2576
=0.345

Current CPI (Mar. 2024) = 126.2576.

CT Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201406 0.200 99.473 0.254
201409 0.200 99.394 0.254
201412 0.250 98.367 0.321
201503 0.230 99.789 0.291
201506 0.230 100.500 0.289
201509 0.240 100.421 0.302
201512 0.260 99.947 0.328
201603 0.260 101.054 0.325
201606 0.256 102.002 0.317
201609 0.290 101.765 0.360
201612 0.268 101.449 0.334
201703 0.300 102.634 0.369
201706 0.292 103.029 0.358
201709 0.275 103.345 0.336
201712 0.378 103.345 0.462
201803 0.276 105.004 0.332
201806 0.282 105.557 0.337
201809 0.296 105.636 0.354
201812 0.243 105.399 0.291
201903 0.273 106.979 0.322
201906 0.297 107.690 0.348
201909 0.301 107.611 0.353
201912 0.318 107.769 0.373
202003 0.173 107.927 0.202
202006 0.235 108.401 0.274
202009 0.240 108.164 0.280
202012 0.061 108.559 0.071
202103 0.281 110.298 0.322
202106 0.610 111.720 0.689
202109 0.300 112.905 0.335
202112 0.426 113.774 0.473
202203 0.345 117.646 0.370
202206 0.296 120.806 0.309
202209 0.285 120.648 0.298
202212 0.272 120.964 0.284
202303 0.265 122.702 0.273
202306 0.376 124.203 0.382
202309 0.048 125.230 0.048
202312 0.159 125.072 0.161
202403 0.345 126.258 0.345

Add all the adjusted EPS together and divide 10 will get our e10.


CT Real Estate Investment Trust  (TSX:CRT.UN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

CT Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.65/1.27
=10.75

* 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 11 years, the highest Shiller P/E Ratio of CT Real Estate Investment Trust was 11.44. The lowest was 9.79. And the median was 10.76.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


CT Real Estate Investment Trust E10 Related Terms

Thank you for viewing the detailed overview of CT Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


CT Real Estate Investment Trust (TSX:CRT.UN) Business Description

Traded in Other Exchanges
Address
2180 Yonge Street, P.O. Box 770, Station K, Toronto, ON, CAN, M4P 2V8
CT Real Estate Investment Trust is an unincorporated real estate investment trust that invests in retail properties across Canada. The most significant portion of properties are located in Ontario, followed by Quebec and Western Canada. The trust generates the vast majority of revenue from leasing its properties to Canadian Tire Corporation, which operates the Canadian Tire retail stores. The trust's portfolio primarily consists of properties anchored by a Canadian Tire retail store, in addition to retail properties not anchored by Canadian Tire, distribution centres, and mixed-use commercial property.

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