What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Transcontinental Realty Investors TCI Free cash flow

Discontinued — last reported Q4 '18

Free cash flow at other companies

CenterspaceCSR

$16.11M-21.0%

JBG SMITH PropertiesJBGS

-$24.57M+11.7%

FRP HoldingsFRPH

-$3.75M-368%

LTC PropertiesLTC

$28.1M-0.5%

AvalonBay CommunitiesAVB

$359.48M-2.2%

Mid-America Apartment CommunitiesMAA

——

Other financials

Income statement

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Revenue$12.3M+2.8%

Operating income-$2.0M-209%

Net income$168.0K-96.4%

EPS (diluted)$0.02-96.2%

Balance sheet

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Cash & equivalents$9.5M-31.2%

Total debt$211.9M+6.9%

Total equity$846.9M+1.2%

Total assets$1.1B+4.2%

Cash flow

See full

Operating cash flow-$2.9M+60.4%

Valuation

See full

Market cap$359.91M-1.6%

Enterprise value$562.33M+2.2%

P/E38.5×-7.7×

P/S7.3×-0.5×

Profitability

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Operating margin-15.5%+12.4pp

Net margin18.9%+2.1pp

FCF margin-128.6%—

Returns & leverage

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Return on equity1.1%+0.2pp

Debt / equity0.3×0.0×

Where this comes from

Calculated from Transcontinental Realty Investors’s reported figures.

−$160.9Mnet cash from operating−$2.6Mcapital expenditures=-$47.94M

The official record: Transcontinental Realty Investors’s 10-K, filed March 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.