Gladstone Land (NASDAQ:LAND – Get Free Report) and NewLake Capital Partners (OTCMKTS:NLCP – Get Free Report) are both real estate companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, earnings, risk, dividends and analyst recommendations.
Earnings & Valuation
This table compares Gladstone Land and NewLake Capital Partners”s gross revenue, earnings per share and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Gladstone Land | $89.54 million | 5.41 | $14.56 million | $0.06 | 225.17 |
NewLake Capital Partners | N/A | N/A | N/A | N/A | N/A |
Gladstone Land has higher revenue and earnings than NewLake Capital Partners.
Insider and Institutional Ownership
Profitability
This table compares Gladstone Land and NewLake Capital Partners’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Gladstone Land | 19.77% | 2.46% | 1.29% |
NewLake Capital Partners | N/A | N/A | N/A |
Analyst Recommendations
This is a summary of current ratings and price targets for Gladstone Land and NewLake Capital Partners, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Gladstone Land | 0 | 2 | 2 | 0 | 2.50 |
NewLake Capital Partners | 0 | 0 | 1 | 0 | 3.00 |
Gladstone Land presently has a consensus price target of $16.00, suggesting a potential upside of 18.43%. NewLake Capital Partners has a consensus price target of $18.25, suggesting a potential downside of 6.55%. Given Gladstone Land’s higher probable upside, equities analysts plainly believe Gladstone Land is more favorable than NewLake Capital Partners.
Summary
Gladstone Land beats NewLake Capital Partners on 8 of the 9 factors compared between the two stocks.
About Gladstone Land
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and over 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company’s fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 129 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 32 times over the prior 35 quarters, and the current per-share distribution on its common stock is $0.0464 per month, or $0.5568 per year.
About NewLake Capital Partners
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 31 properties comprised of 14 cultivation facilities and 17 dispensaries that are leased to single tenants on a triple-net basis.
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