First Avenue for Real Estate De

9610.SRSAUReal Estate● Active

$6.92

$-0.01(-0.14%)

Market Cap$1.3B

P/E Ratio—

52W High$10

52W Low$5.2

Avg Volume66K

Open$6.93

Beta1.60

Free Cash Flow Financials Revenue

First Avenue for Real Estate De (9610.SR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

9610.SR · free cash flow · updated Jun 15, 2026

Core FCF metrics

9610.SR · FCF · TTM · margin & CAGR

Free cash flow was $43.7M for FY2024 (fiscal year ending 2024-12-31), down 54.9% year-over-year The FCF margin was 15.9%.

FY2024 Free Cash Flow$43.7M▼ -54.9% YoY

Trailing 12M (TTM)$23.5Mtrailing 4 quarters sum

FCF Margin15.9%$43.7M ÷ revenue

3-Year CAGR+903.6%FY2021 → FY2024

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 15, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

9610.SR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$43.7M(0M)$43.7M▼ 54.9%15.9%

FY2023$97.0M(0M)$96.9M▲ +382.0%40.7%

FY2022−$34.3M(0M)−$34.4M▼ 79646.7%-16.7%

FY2021$219,586(0M)$43,220▼ 99.4%0.0%

FY2020$7.5M(0M)$7.5M—10.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

9610.SR · P/FCF · FCF yield · FCF per share

First Avenue for Real Estate De (9610.SR) trades at a FCF yield of 0.85% and a price-to-free-cash-flow ratio of 57.7x. FCF per share stands at $0.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.85%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x57.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x141.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

9610.SR · cash flow statement · operating / investing / financing

For FY2024, First Avenue for Real Estate De generated $43.7M in operating cash flow and spent 0M in capital expenditures, yielding $43.7M in free cash flow.

Operating Activities

+$43.7M

Cash from core business operations

2024-12-31

Investing Activities

−$100.3M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

+$139.4M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($43.7M) − |CapEx| (0M) = FCF ($43.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

9610.SR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

First Avenue for Real Estate DeYOU

9610.SR

$43.7M-54.9%13.4%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

First Avenue for Real Estate De (9610.SR) reported free cash flow of $43.7M for FY2024 (fiscal year ending 2024-12-31), down 54.9% year-over-year. The FCF margin was 15.9%.

Based on available data, First Avenue for Real Estate De has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $96.9M in FY2023.

First Avenue for Real Estate De's FCF yield is 0.85% and price-to-FCF ratio is 57.7x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

9610.SR free cash flow · 8 questions

First Avenue for Real Estate De free cash flow was $43.7M for FY2024, down 54.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $23.5M.

9610.SR free cash flow9610.SR FCF9610.SR FCF 20249610.SR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · First Avenue for Real Estate De · First Avenue for Real Estate De SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 15, 2026