FPI
Farmland Partners Inc.
REIT - Specialty
Market Cap$462M
5Y Perf.+53.4%
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Stock Comparison
FPI vs WELL vs VTR vs LAND
Revenue, margins, valuation, and 5-year total return — side by side.
WELL
Welltower Inc.
REIT - Healthcare Facilities
Market Cap$149.25B
5Y Perf.+320.4%
VTR
Ventas, Inc.
REIT - Healthcare Facilities
Market Cap$41.15B
5Y Perf.+147.6%
LAND
Gladstone Land Corporation
REIT - Industrial
Market Cap$354M
5Y Perf.-32.8%
FPI vs WELL vs VTR vs LAND — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FPI | WELL | VTR | LAND |
|---|---|---|---|---|
| Industry | REIT - Specialty | REIT - Healthcare Facilities | REIT - Healthcare Facilities | REIT - Industrial |
| Market Cap | $462M | $149.25B | $41.15B | $354M |
| Revenue (TTM) | $54M | $11.63B | $6.13B | $76M |
| Net Income (TTM) | $30M | $1.43B | $260M | $-10M |
| Gross Margin | 78.7% | 39.1% | -4.3% | 87.4% |
| Operating Margin | 45.6% | 4.4% | 13.4% | 78.6% |
| Forward P/E | 49.6x | 78.4x | 118.0x | — |
| Total Debt | $161M | $21.38B | $13.22B | $0.00 |
| Cash & Equiv. | $9M | $5.03B | $741M | $27M |
FPI vs WELL vs VTR vs LAND — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FPI
WELL
VTR
LAND
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Farmland Partners I… (FPI) | 100 | 153.4 | +53.4% |
| Welltower Inc. (WELL) | 100 | 420.4 | +320.4% |
| Ventas, Inc. (VTR) | 100 | 247.6 | +147.6% |
| Gladstone Land Corp… (LAND) | 100 | 67.2 | -32.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FPI vs WELL vs VTR vs LAND
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FPI leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Welltower Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. VTR also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
FPI
Farmland Partners Inc.
The Real Estate Income Play
FPI carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.56, yield 11.7%
- Lower volatility, beta 0.56, Low D/E 30.0%, current ratio 537.08x
- Beta 0.56, yield 11.7%, current ratio 537.08x
- Better valuation composite
Best for: income & stability and sleep-well-at-night
WELL
Welltower Inc.
The Real Estate Income Play
WELL is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
- 223.1% 10Y total return vs VTR's 65.0%
- 35.8% FFO/revenue growth vs LAND's -10.7%
- +42.7% vs FPI's +10.3%
Best for: growth exposure and long-term compounding
VTR
Ventas, Inc.
The Real Estate Income Play
VTR is the clearest fit if your priority is stability.
- Beta 0.01 vs LAND's 0.68
Best for: stability
LAND
Gladstone Land Corporation
The REIT Holding
LAND lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: real estate exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WELL | 35.8% FFO/revenue growth vs LAND's -10.7% |
| Value | FPI | Better valuation composite |
| Quality / Margins | FPI | 56.0% margin vs LAND's -13.8% |
| Stability / Safety | VTR | Beta 0.01 vs LAND's 0.68 |
| Dividends | FPI | 11.7% yield, 2-year raise streak, vs LAND's 6.7% |
| Momentum (1Y) | WELL | +42.7% vs FPI's +10.3% |
| Efficiency (ROA) | FPI | 4.1% ROA vs LAND's -0.8%, ROIC 2.4% vs 4.9% |
FPI vs WELL vs VTR vs LAND — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
Segment breakdown not available.
FPI vs WELL vs VTR vs LAND — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLLANDLAGGINGFPI
Who Leads Where
LAND leads in 2 of 6 categories
WELL leads 1 • VTR leads 1 • FPI leads 0 • 2 tied
Explore the data ↓FPIFarmland Partners Inc.
0leads
VTRVentas, Inc.
1leads
WELLWelltower Inc.
1leads
LANDGladstone Land Corpor…
2leads
6 Total Categories
CATEGORYLEADERvs WELLvs VTRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
LAND3/6
Valuation MetricsMultiples, price ratios, and targets
LAND4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
WELL6/6
Risk & VolatilityBeta, volatility, and downside exposure
VTR2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
LAND leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 216.1x FPI's $54M. FPI is the more profitable business, keeping 56.0% of every revenue dollar as net income compared to LAND's -13.8%. On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $54M | $11.6B | $6.1B | $76M |
| EBITDAEarnings before interest/tax | $28M | $2.8B | $2.3B | $94M |
| Net IncomeAfter-tax profit | $30M | $1.4B | $260M | -$10M |
| Free Cash FlowCash after capex | $19M | $2.5B | $1.4B | $5M |
| Gross MarginGross profit ÷ Revenue | +78.7% | +39.1% | -4.3% | +87.4% |
| Operating MarginEBIT ÷ Revenue | +45.6% | +4.4% | +13.4% | +78.6% |
| Net MarginNet income ÷ Revenue | +56.0% | +12.3% | +4.2% | -13.8% |
| FCF MarginFCF ÷ Revenue | +35.9% | +21.9% | +22.4% | +6.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.5% | +40.3% | +22.0% | +38.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -64.2% | +22.5% | 0.0% | +66.7% |
LAND leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
LAND leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.1x trailing earnings, FPI trades at a 89% valuation discount to VTR's 160.3x P/E. On an enterprise value basis, LAND's 3.5x EV/EBITDA is more attractive than WELL's 66.4x.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| Market CapShares × price | $462M | $149.2B | $41.1B | $354M |
| Enterprise ValueMkt cap + debt − cash | $614M | $165.6B | $53.6B | $327M |
| Trailing P/EPrice ÷ TTM EPS | 17.07x | 153.25x | 160.26x | -33.62x |
| Forward P/EPrice ÷ next-FY EPS est. | 49.62x | 78.42x | 118.01x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 22.54x | 66.40x | 24.31x | 3.46x |
| Price / SalesMarket cap ÷ Revenue | 8.85x | 13.99x | 7.05x | 4.65x |
| Price / BookPrice ÷ Book value/share | 1.01x | 3.35x | 3.18x | 0.53x |
| Price / FCFMarket cap ÷ FCF | 26.50x | 52.41x | 31.25x | 50.62x |
LAND leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
Evenly matched — FPI and LAND each lead in 4 of 9 comparable metrics.
Profitability & Efficiency
FPI delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-2 for LAND. FPI carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to VTR's 1.05x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs LAND's 2/9, reflecting strong financial health.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | +5.7% | +3.5% | +2.1% | -1.6% |
| ROA (TTM)Return on assets | +4.1% | +2.3% | +1.0% | -0.8% |
| ROICReturn on invested capital | +2.4% | +0.5% | +2.5% | +4.9% |
| ROCEReturn on capital employed | +3.0% | +0.6% | +3.2% | +4.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 | 6 | 2 |
| Debt / EquityFinancial leverage | 0.30x | 0.49x | 1.05x | — |
| Net DebtTotal debt minus cash | $152M | $16.3B | $12.5B | -$27M |
| Cash & Equiv.Liquid assets | $9M | $5.0B | $741M | $27M |
| Total DebtShort + long-term debt | $161M | $21.4B | $13.2B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 4.34x | 0.26x | 1.40x | 2.99x |
Evenly matched — FPI and LAND each lead in 4 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
WELL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WELL five years ago would be worth $30,234 today (with dividends reinvested), compared to $5,616 for LAND. Over the past 12 months, WELL leads with a +42.7% total return vs FPI's +10.3%. The 3-year compound annual growth rate (CAGR) favors WELL at 42.5% vs LAND's -10.2% — a key indicator of consistent wealth creation.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +11.0% | +14.3% | +12.6% | +8.8% |
| 1-Year ReturnPast 12 months | +10.3% | +42.7% | +33.9% | +11.2% |
| 3-Year ReturnCumulative with dividends | +19.0% | +189.5% | +94.2% | -27.5% |
| 5-Year ReturnCumulative with dividends | -8.7% | +202.3% | +74.8% | -43.8% |
| 10-Year ReturnCumulative with dividends | +29.7% | +223.1% | +65.0% | +42.9% |
| CAGR (3Y)Annualised 3-year return | +6.0% | +42.5% | +24.8% | -10.2% |
WELL leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
VTR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VTR is the less volatile stock with a 0.01 beta — it tends to amplify market swings less than LAND's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VTR currently trades 97.8% from its 52-week high vs LAND's 75.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | 0.13x | 0.01x | 0.68x |
| 52-Week HighHighest price in past year | $13.23 | $219.59 | $88.50 | $13.00 |
| 52-Week LowLowest price in past year | $9.37 | $142.65 | $61.76 | $8.47 |
| % of 52W HighCurrent price vs 52-week peak | +80.0% | +97.0% | +97.8% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 33.1 | 60.2 | 56.2 | 41.0 |
| Avg Volume (50D)Average daily shares traded | 394K | 2.6M | 3.4M | 543K |
VTR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — FPI and LAND each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FPI as "Hold", WELL as "Buy", VTR as "Buy", LAND as "Buy". Consensus price targets imply 60.6% upside for FPI (target: $17) vs 2.6% for LAND (target: $10). For income investors, FPI offers the higher dividend yield at 11.75% vs WELL's 1.30%.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. | VTRVentas, Inc. | LANDGladstone Land Co… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $17.00 | $226.50 | $90.80 | $10.00 |
| # AnalystsCovering analysts | 15 | 34 | 32 | 11 |
| Dividend YieldAnnual dividend ÷ price | +11.7% | +1.3% | +2.1% | +6.7% |
| Dividend StreakConsecutive years of raises | 2 | 2 | 1 | 6 |
| Dividend / ShareAnnual DPS | $1.24 | $2.76 | $1.86 | $0.66 |
| Buyback YieldShare repurchases ÷ mkt cap | +8.3% | 0.0% | 0.0% | 0.0% |
Evenly matched — FPI and LAND each lead in 1 of 2 comparable metrics.
Key Takeaway
LAND leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). WELL leads in 1 (Total Returns). 2 tied.
Best OverallGladstone Land Corporation (LAND)Leads 2 of 6 categories
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FPI vs WELL vs VTR vs LAND: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FPI or WELL or VTR or LAND a better buy right now?
For growth investors, Welltower Inc.
(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus -10. 7% for Gladstone Land Corporation (LAND). Farmland Partners Inc. (FPI) offers the better valuation at 17. 1x trailing P/E (49. 6x forward), making it the more compelling value choice. Analysts rate Welltower Inc. (WELL) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FPI or WELL or VTR or LAND?
On trailing P/E, Farmland Partners Inc.
(FPI) is the cheapest at 17. 1x versus Ventas, Inc. at 160. 3x. On forward P/E, Farmland Partners Inc. is actually cheaper at 49. 6x.
03Which is the better long-term investment — FPI or WELL or VTR or LAND?
Over the past 5 years, Welltower Inc.
(WELL) delivered a total return of +202. 3%, compared to -43. 8% for Gladstone Land Corporation (LAND). Over 10 years, the gap is even starker: WELL returned +223. 1% versus FPI's +29. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FPI or WELL or VTR or LAND?
By beta (market sensitivity over 5 years), Ventas, Inc.
(VTR) is the lower-risk stock at 0. 01β versus Gladstone Land Corporation's 0. 68β — meaning LAND is approximately 7018% more volatile than VTR relative to the S&P 500. On balance sheet safety, Farmland Partners Inc. (FPI) carries a lower debt/equity ratio of 30% versus 105% for Ventas, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FPI or WELL or VTR or LAND?
By revenue growth (latest reported year), Welltower Inc.
(WELL) is pulling ahead at 35. 8% versus -10. 7% for Gladstone Land Corporation (LAND). On earnings-per-share growth, the picture is similar: Ventas, Inc. grew EPS 184. 2% year-over-year, compared to -41. 5% for Farmland Partners Inc.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FPI or WELL or VTR or LAND?
Farmland Partners Inc.
(FPI) is the more profitable company, earning 60. 5% net margin versus -13. 8% for Gladstone Land Corporation — meaning it keeps 60. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LAND leads at 78. 6% versus 3. 3% for WELL. At the gross margin level — before operating expenses — LAND leads at 87. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FPI or WELL or VTR or LAND more undervalued right now?
On forward earnings alone, Farmland Partners Inc.
(FPI) trades at 49. 6x forward P/E versus 118. 0x for Ventas, Inc. — 68. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FPI: 60. 6% to $17. 00.
08Which pays a better dividend — FPI or WELL or VTR or LAND?
All stocks in this comparison pay dividends.
Farmland Partners Inc. (FPI) offers the highest yield at 11. 7%, versus 1. 3% for Welltower Inc. (WELL).
09Is FPI or WELL or VTR or LAND better for a retirement portfolio?
For long-horizon retirement investors, Ventas, Inc.
(VTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 01), 2. 1% yield). Both have compounded well over 10 years (VTR: +65. 0%, LAND: +42. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FPI and WELL and VTR and LAND?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FPI is a small-cap deep-value stock; WELL is a mid-cap high-growth stock; VTR is a mid-cap high-growth stock; LAND is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FPI: -1.5% · WELL: 40.3%)Net Margin>
%
(FPI: 56.0% · WELL: 12.3%)P/E Ratio<
x
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