Gladstone Land Corporation (LAND) vs OUTFRONT Media Inc. (OUT)

Gladstone Land Corporation and OUTFRONT Media Inc. are both Reit Specialty companies. OUTFRONT Media Inc. is the larger, with a market value of $4.9B against $409.4M — 12.0× the size. Gladstone Land Corporation has negative trailing earnings, so its P/E is not meaningful; OUTFRONT Media Inc. trades at 19.8×. Gladstone Land Corporation grew revenue faster over the last twelve months: 21.6% against 7.62%. OUTFRONT Media Inc. has the higher net margin (12.3% vs −33.0%) and the higher return on invested capital (7.74% vs 0.67%). Both pay a dividend; OUTFRONT Media Inc. yields more (9.65% vs 4.08%). Across the 21 metrics below, OUTFRONT Media Inc. leads on 11 and Gladstone Land Corporation on 10.

Valuation

Metric LAND OUT Reit Specialty median
P/E n/m 19.75 26.27
P/S 4.60 2.52 5.86
P/B 0.60 7.01 2.19
Price to free cash flow 7.52 16.71 14.62
EV/EBITDA 14.94 13.29 16.22
EV/Sales 9.84 3.81 8.93
Earnings yield (5.80%) 5.06% 3.43%
Free cash flow yield 13.30% 5.98% 5.37%

Profitability

Metric LAND OUT Reit Specialty median
Gross margin 82.50% 51.40% 67.43%
Operating margin 13.84% 20.46% 21.38%
Net margin (33.02%) 12.25% 16.14%
Free cash flow margin 61.13% 15.08% 31.07%
Return on equity (4.35%) 38.34% 4.76%
Return on assets (2.38%) 4.55% 3.29%
Return on invested capital 0.67% 7.74% 4.19%

Growth

Metric LAND OUT Reit Specialty median
Revenue growth (TTM) 21.60% 7.62% 5.36%
EPS growth (last fiscal year) 0.00% (45.70%) —
Revenue growth, 5-year CAGR 9.15% 8.18% 6.70%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LAND OUT Reit Specialty median
Debt to equity 0.72 3.64 0.62
Current ratio 1.29 0.67 0.70
Net debt to EBITDA 6.65 5.40 4.47

Dividend

Metric LAND OUT Reit Specialty median
Dividend yield 4.08% 9.65% 3.88%
Payout ratio — 1.08 1.14

Size

Metric LAND OUT Reit Specialty median
Market cap 409.37m 4.92b 8.48b

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