Real Estate - Services
Compare Stocks
5 / 10Stock Comparison
MLP vs LAND vs FPI vs CTO vs PINE
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
REIT - Specialty
REIT - Diversified
REIT - Retail
MLP vs LAND vs FPI vs CTO vs PINE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Real Estate - Services | REIT - Industrial | REIT - Specialty | REIT - Diversified | REIT - Retail |
| Market Cap | $309M | $354M | $462M | $686M | $281M |
| Revenue (TTM) | $18M | $76M | $54M | $155M | $65M |
| Net Income (TTM) | $-11M | $-10M | $30M | $12M | $-415K |
| Gross Margin | 30.6% | 87.4% | 78.7% | -2.8% | -4.1% |
| Operating Margin | -25.6% | 78.6% | 45.6% | 22.9% | 28.0% |
| Forward P/E | 26.4x | — | 49.6x | 55.9x | 59.3x |
| Total Debt | $3M | $0.00 | $161M | $648M | $394M |
| Cash & Equiv. | $7M | $27M | $9M | $6M | $5M |
MLP vs LAND vs FPI vs CTO vs PINE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Maui Land & Pineapp… (MLP) | 100 | 149.1 | +49.1% |
| Gladstone Land Corp… (LAND) | 100 | 67.2 | -32.8% |
| Farmland Partners I… (FPI) | 100 | 153.4 | +53.4% |
| CTO Realty Growth, … (CTO) | 100 | 145.7 | +45.7% |
| Alpine Income Prope… (PINE) | 100 | 158.8 | +58.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MLP vs LAND vs FPI vs CTO vs PINE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MLP is the #2 pick in this set and the best alternative if growth and value is your priority.
- 24.5% FFO/revenue growth vs LAND's -10.7%
- Lower P/E (26.4x vs 59.3x)
LAND lags the leaders in this set but could rank higher in a more targeted comparison.
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
- 56.0% margin vs MLP's -61.6%
CTO is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 20.1%, EPS growth 122.8%, 3Y rev CAGR 22.0%
- 79.5% 10Y total return vs MLP's 191.3%
PINE ranks third and is worth considering specifically for stability and momentum.
- Beta 0.33 vs MLP's 1.31
- +37.3% vs MLP's +6.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 24.5% FFO/revenue growth vs LAND's -10.7% | |
| Value | Lower P/E (26.4x vs 59.3x) | |
| Quality / Margins | 56.0% margin vs MLP's -61.6% | |
| Stability / Safety | Beta 0.33 vs MLP's 1.31 | |
| Dividends | 11.7% yield, 2-year raise streak, vs LAND's 6.7%, (1 stock pays no dividend) | |
| Momentum (1Y) | +37.3% vs MLP's +6.1% | |
| Efficiency (ROA) | 4.1% ROA vs MLP's -24.7%, ROIC 2.4% vs -18.8% |
MLP vs LAND vs FPI vs CTO vs PINE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
MLP vs LAND vs FPI vs CTO vs PINE — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CTO leads in 1 of 6 categories
MLP leads 0 • LAND leads 0 • FPI leads 0 • PINE leads 0 • 5 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — LAND and CTO each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CTO is the larger business by revenue, generating $155M annually — 8.4x MLP's $18M. FPI is the more profitable business, keeping 56.0% of every revenue dollar as net income compared to MLP's -61.6%. On growth, MLP holds the edge at +49.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $18M | $76M | $54M | $155M | $65M |
| EBITDAEarnings before interest/tax | -$4M | $94M | $28M | $94M | $45M |
| Net IncomeAfter-tax profit | -$11M | -$10M | $30M | $12M | -$415,000 |
| Free Cash FlowCash after capex | -$3,000 | $5M | $19M | $69M | -$46M |
| Gross MarginGross profit ÷ Revenue | +30.6% | +87.4% | +78.7% | -2.8% | -4.1% |
| Operating MarginEBIT ÷ Revenue | -25.6% | +78.6% | +45.6% | +22.9% | +28.0% |
| Net MarginNet income ÷ Revenue | -61.6% | -13.8% | +56.0% | +7.9% | -0.6% |
| FCF MarginFCF ÷ Revenue | -0.0% | +6.2% | +35.9% | +44.5% | -71.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +49.4% | +38.6% | -1.5% | +15.0% | +29.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +110.9% | +66.7% | -64.2% | +9.7% | +185.7% |
Valuation Metrics
Evenly matched — LAND and CTO each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 17.1x trailing earnings, FPI trades at a 93% valuation discount to CTO's 254.1x P/E. On an enterprise value basis, LAND's 3.5x EV/EBITDA is more attractive than FPI's 22.5x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $309M | $354M | $462M | $686M | $281M |
| Enterprise ValueMkt cap + debt − cash | $306M | $327M | $614M | $1.3B | $671M |
| Trailing P/EPrice ÷ TTM EPS | -41.24x | -33.62x | 17.07x | 254.07x | -89.27x |
| Forward P/EPrice ÷ next-FY EPS est. | 26.43x | — | 49.62x | 55.88x | 59.32x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 3.46x | 22.54x | 14.26x | 14.63x |
| Price / SalesMarket cap ÷ Revenue | 26.75x | 4.65x | 8.85x | 4.59x | 4.65x |
| Price / BookPrice ÷ Book value/share | 9.26x | 0.53x | 1.01x | 1.16x | 1.01x |
| Price / FCFMarket cap ÷ FCF | — | 50.62x | 26.50x | 13.87x | — |
Profitability & Efficiency
Evenly matched — LAND and FPI 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 $-34 for MLP. MLP carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to PINE's 1.31x. On the Piotroski fundamental quality scale (0–9), MLP scores 6/9 vs PINE's 2/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -33.5% | -1.6% | +5.7% | +2.2% | -0.1% |
| ROA (TTM)Return on assets | -24.7% | -0.8% | +4.1% | +1.0% | -0.1% |
| ROICReturn on invested capital | -18.8% | +4.9% | +2.4% | +2.1% | +2.2% |
| ROCEReturn on capital employed | -18.7% | +4.7% | +3.0% | +2.8% | +2.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 2 | 6 | 5 | 2 |
| Debt / EquityFinancial leverage | 0.10x | — | 0.30x | 1.14x | 1.31x |
| Net DebtTotal debt minus cash | -$4M | -$27M | $152M | $642M | $390M |
| Cash & Equiv.Liquid assets | $7M | $27M | $9M | $6M | $5M |
| Total DebtShort + long-term debt | $3M | $0 | $161M | $648M | $394M |
| Interest CoverageEBIT ÷ Interest expense | -9.24x | 2.99x | 4.34x | 1.39x | 0.82x |
Total Returns (Dividends Reinvested)
CTO leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CTO five years ago would be worth $15,802 today (with dividends reinvested), compared to $5,616 for LAND. Over the past 12 months, PINE leads with a +37.3% total return vs MLP's +6.1%. The 3-year compound annual growth rate (CAGR) favors CTO at 15.1% vs LAND's -10.2% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -6.3% | +8.8% | +11.0% | +12.7% | +18.8% |
| 1-Year ReturnPast 12 months | +6.1% | +11.2% | +10.3% | +22.8% | +37.3% |
| 3-Year ReturnCumulative with dividends | +25.9% | -27.5% | +19.0% | +52.4% | +46.6% |
| 5-Year ReturnCumulative with dividends | +40.5% | -43.8% | -8.7% | +58.0% | +41.2% |
| 10-Year ReturnCumulative with dividends | +191.3% | +42.9% | +29.7% | +79.5% | +38.3% |
| CAGR (3Y)Annualised 3-year return | +8.0% | -10.2% | +6.0% | +15.1% | +13.6% |
Risk & Volatility
Evenly matched — CTO and PINE each lead in 1 of 2 comparable metrics.
Risk & Volatility
PINE is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than MLP's 1.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CTO currently trades 98.2% from its 52-week high vs LAND's 75.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.31x | 0.68x | 0.56x | 0.37x | 0.33x |
| 52-Week HighHighest price in past year | $20.34 | $13.00 | $13.23 | $20.67 | $20.80 |
| 52-Week LowLowest price in past year | $13.84 | $8.47 | $9.37 | $15.07 | $13.10 |
| % of 52W HighCurrent price vs 52-week peak | +77.0% | +75.0% | +80.0% | +98.2% | +94.4% |
| RSI (14)Momentum oscillator 0–100 | 49.3 | 41.0 | 33.1 | 65.1 | 54.0 |
| Avg Volume (50D)Average daily shares traded | 17K | 543K | 394K | 239K | 176K |
Analyst Outlook
Evenly matched — LAND and FPI each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: LAND as "Buy", FPI as "Hold", CTO as "Buy", PINE 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 PINE's 0.18%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $10.00 | $17.00 | $21.50 | $20.75 |
| # AnalystsCovering analysts | — | 11 | 15 | 10 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +6.7% | +11.7% | +8.6% | +0.2% |
| Dividend StreakConsecutive years of raises | 0 | 6 | 2 | 2 | 0 |
| Dividend / ShareAnnual DPS | — | $0.66 | $1.24 | $1.75 | $0.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +8.3% | +1.5% | +3.1% |
CTO leads in 1 of 6 categories — strongest in Total Returns. 5 categories are tied.
MLP vs LAND vs FPI vs CTO vs PINE: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is MLP or LAND or FPI or CTO or PINE a better buy right now?
For growth investors, Maui Land & Pineapple Company, Inc.
(MLP) is the stronger pick with 24. 5% 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 Gladstone Land Corporation (LAND) a "Buy" — based on 11 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 — MLP or LAND or FPI or CTO or PINE?
On trailing P/E, Farmland Partners Inc.
(FPI) is the cheapest at 17. 1x versus CTO Realty Growth, Inc. at 254. 1x. On forward P/E, Maui Land & Pineapple Company, Inc. is actually cheaper at 26. 4x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MLP or LAND or FPI or CTO or PINE?
Over the past 5 years, CTO Realty Growth, Inc.
(CTO) delivered a total return of +58. 0%, compared to -43. 8% for Gladstone Land Corporation (LAND). Over 10 years, the gap is even starker: MLP returned +191. 3% 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 — MLP or LAND or FPI or CTO or PINE?
By beta (market sensitivity over 5 years), Alpine Income Property Trust, Inc.
(PINE) is the lower-risk stock at 0. 33β versus Maui Land & Pineapple Company, Inc. 's 1. 31β — meaning MLP is approximately 293% more volatile than PINE relative to the S&P 500. On balance sheet safety, Maui Land & Pineapple Company, Inc. (MLP) carries a lower debt/equity ratio of 10% versus 131% for Alpine Income Property Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — MLP or LAND or FPI or CTO or PINE?
By revenue growth (latest reported year), Maui Land & Pineapple Company, Inc.
(MLP) is pulling ahead at 24. 5% versus -10. 7% for Gladstone Land Corporation (LAND). On earnings-per-share growth, the picture is similar: CTO Realty Growth, Inc. grew EPS 122. 8% year-over-year, compared to -257. 1% for Alpine Income Property Trust, Inc.. Over a 3-year CAGR, CTO leads at 22. 0% 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 — MLP or LAND or FPI or CTO or PINE?
Farmland Partners Inc.
(FPI) is the more profitable company, earning 60. 5% net margin versus -63. 9% for Maui Land & Pineapple Company, Inc. — 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 -63. 6% for MLP. 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 MLP or LAND or FPI or CTO or PINE more undervalued right now?
On forward earnings alone, Maui Land & Pineapple Company, Inc.
(MLP) trades at 26. 4x forward P/E versus 59. 3x for Alpine Income Property Trust, Inc. — 32. 9x 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 — MLP or LAND or FPI or CTO or PINE?
In this comparison, FPI (11.
7% yield), CTO (8. 6% yield), LAND (6. 7% yield), PINE (0. 2% yield) pay a dividend. MLP does not pay a meaningful dividend and should not be held primarily for income.
09Is MLP or LAND or FPI or CTO or PINE better for a retirement portfolio?
For long-horizon retirement investors, CTO Realty Growth, Inc.
(CTO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 37), 8. 6% yield). Both have compounded well over 10 years (CTO: +79. 5%, MLP: +191. 3%), 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 MLP and LAND and FPI and CTO and PINE?
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: MLP is a small-cap high-growth stock; LAND is a small-cap income-oriented stock; FPI is a small-cap deep-value stock; CTO is a small-cap high-growth stock; PINE is a small-cap high-growth stock. LAND, FPI, CTO pay a dividend while MLP, PINE do not, making them suitable for different income and tax situations. 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.