Gladstone Land Corporation (LAND) vs Power REIT (PW)

Gladstone Land Corporation and Power REIT are both Reit Specialty companies. Gladstone Land Corporation is the larger, with a market value of $303.3M against $2.5M — 122.8× the size. Power REIT grew revenue faster over the last twelve months: 35.8% against 21.6%. Gladstone Land Corporation has the higher net margin (−33.0% vs −91.3%) and the higher return on invested capital (0.67% vs 0.00%). Across the 19 metrics below, Power REIT leads on 10 and Gladstone Land Corporation on 9.

Valuation

Metric LAND PW Reit Specialty median
P/E n/m n/m 27.33
P/S 3.41 0.85 5.96
P/B 0.45 n/m 1.95
Price to free cash flow 5.58 2.50 17.87
EV/EBITDA 13.13 12.92 17.26
EV/Sales 8.65 6.75 8.16
Earnings yield (10.24%) (96.31%) 2.90%
Free cash flow yield 17.93% 39.94% 4.57%

Profitability

Metric LAND PW Reit Specialty median
Gross margin 82.50% 0.00% 59.09%
Operating margin 13.84% 0.00% 20.08%
Net margin (33.02%) (91.28%) 16.19%
Free cash flow margin 61.13% 12.35% 23.67%
Return on equity (4.35%) 82.87% 3.95%
Return on assets (2.38%) (9.62%) 3.00%
Return on invested capital 0.67% 0.00% 3.57%

Growth

Metric LAND PW Reit Specialty median
Revenue growth (TTM) 21.60% 35.80% 7.33%
EPS growth (last fiscal year) 0.00% 88.90% 26.78%
Revenue growth, 5-year CAGR 9.15% (13.98%) 6.70%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LAND PW Reit Specialty median
Debt to equity 0.72 4.24 0.35
Current ratio 1.29 3.60 0.72
Net debt to EBITDA 6.65 (180.08) 4.47

Dividend

Metric LAND PW Reit Specialty median
Dividend yield 7.97% — 3.87%
Payout ratio — — 1.21

Size

Metric LAND PW Reit Specialty median
Market cap 303.25m 2.47m 6.55b

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