REIT - Residential
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Side-by-side financial analysisStock Comparison
MRP vs LAND
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Specialty
MRP vs LAND — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Residential | REIT - Specialty |
| Market Cap | $4.49B | $387M |
| Revenue (TTM) | $713M | $88M |
| Net Income (TTM) | $463M | $-6M |
| Gross Margin | 96.9% | -11.2% |
| Operating Margin | 85.1% | 24.0% |
| Forward P/E | 9.4x | — |
| Total Debt | $2.11B | $538M |
| Cash & Equiv. | $35M | $27M |
MRP vs LAND — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 25 | Jun 26 | Return |
|---|---|---|---|
| Millrose Properties… (MRP) | 100 | 127.4 | +27.4% |
| Gladstone Land Corp… (LAND) | 100 | 78.2 | -21.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MRP vs LAND
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MRP carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.6%, EPS growth 264.9%
- 47.9% 10Y total return vs LAND's 37.3%
- 7.6% FFO/revenue growth vs LAND's 3.7%
LAND is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 11 yrs, beta 0.58, yield 6.3%
- Lower volatility, beta 0.58, Low D/E 80.3%, current ratio 1.67x
- Beta 0.58, yield 6.3%, current ratio 1.67x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.6% FFO/revenue growth vs LAND's 3.7% | |
| Quality / Margins | 65.0% margin vs LAND's -6.7% | |
| Stability / Safety | Beta 0.58 vs MRP's 0.82 | |
| Dividends | 6.3% yield, 11-year raise streak, vs MRP's 6.2% | |
| Momentum (1Y) | +17.3% vs LAND's -6.8% | |
| Efficiency (ROA) | 5.2% ROA vs LAND's -0.5%, ROIC 5.6% vs 1.5% |
MRP vs LAND — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MRP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MRP is the larger business by revenue, generating $713M annually — 8.1x LAND's $88M. MRP is the more profitable business, keeping 65.0% of every revenue dollar as net income compared to LAND's -6.7%. On growth, MRP holds the edge at +135.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $713M | $88M |
| EBITDAEarnings before interest/tax | $610M | $58M |
| Net IncomeAfter-tax profit | $463M | -$6M |
| Free Cash FlowCash after capex | $4.4B | $6M |
| Gross MarginGross profit ÷ Revenue | +96.9% | -11.2% |
| Operating MarginEBIT ÷ Revenue | +85.1% | +24.0% |
| Net MarginNet income ÷ Revenue | +65.0% | -6.7% |
| FCF MarginFCF ÷ Revenue | +6.2% | +7.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +135.7% | -1.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +89.7% | -196.0% |
Valuation Metrics
LAND leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, MRP's 13.3x EV/EBITDA is more attractive than LAND's 15.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.5B | $387M |
| Enterprise ValueMkt cap + debt − cash | $6.6B | $897M |
| Trailing P/EPrice ÷ TTM EPS | 11.94x | -30.90x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.41x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 13.35x | 15.33x |
| Price / SalesMarket cap ÷ Revenue | 7.48x | 4.38x |
| Price / BookPrice ÷ Book value/share | 0.83x | 0.49x |
| Price / FCFMarket cap ÷ FCF | 1.22x | — |
Profitability & Efficiency
MRP leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
MRP delivers a 7.9% return on equity — every $100 of shareholder capital generates $8 in annual profit, vs $-1 for LAND. MRP carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to LAND's 0.80x. On the Piotroski fundamental quality scale (0–9), MRP scores 6/9 vs LAND's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +7.9% | -0.9% |
| ROA (TTM)Return on assets | +5.2% | -0.5% |
| ROICReturn on invested capital | +5.6% | +1.5% |
| ROCEReturn on capital employed | +6.6% | +1.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.36x | 0.80x |
| Net DebtTotal debt minus cash | $2.1B | $511M |
| Cash & Equiv.Liquid assets | $35M | $27M |
| Total DebtShort + long-term debt | $2.1B | $538M |
| Interest CoverageEBIT ÷ Interest expense | 5.36x | 1.59x |
Total Returns (Dividends Reinvested)
MRP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MRP five years ago would be worth $14,786 today (with dividends reinvested), compared to $4,745 for LAND. Over the past 12 months, MRP leads with a +17.3% total return vs LAND's -6.8%. The 3-year compound annual growth rate (CAGR) favors MRP at 13.9% vs LAND's -14.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +2.7% | +0.7% |
| 1-Year ReturnPast 12 months | +17.3% | -6.8% |
| 3-Year ReturnCumulative with dividends | +47.9% | -38.1% |
| 5-Year ReturnCumulative with dividends | +47.9% | -52.6% |
| 10-Year ReturnCumulative with dividends | +47.9% | +37.3% |
| CAGR (3Y)Annualised 3-year return | +13.9% | -14.8% |
Risk & Volatility
Evenly matched — MRP and LAND each lead in 1 of 2 comparable metrics.
Risk & Volatility
LAND is the less volatile stock with a 0.58 beta — it tends to amplify market swings less than MRP's 0.82 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MRP currently trades 80.9% from its 52-week high vs LAND's 68.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.82x | 0.58x |
| 52-Week HighHighest price in past year | $36.00 | $13.00 |
| 52-Week LowLowest price in past year | $26.30 | $8.47 |
| % of 52W HighCurrent price vs 52-week peak | +80.9% | +68.9% |
| RSI (14)Momentum oscillator 0–100 | 58.3 | 35.9 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 535K |
Analyst Outlook
LAND leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MRP as "Buy" and LAND as "Buy". For income investors, LAND offers the higher dividend yield at 6.26% vs MRP's 6.18%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $13.33 |
| # AnalystsCovering analysts | 3 | 11 |
| Dividend YieldAnnual dividend ÷ price | +6.2% | +6.3% |
| Dividend StreakConsecutive years of raises | 1 | 11 |
| Dividend / ShareAnnual DPS | $1.80 | $0.56 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.0% |
MRP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). LAND leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
MRP vs LAND: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is MRP or LAND a better buy right now?
Millrose Properties, Inc.
(MRP) offers the better valuation at 11. 9x trailing P/E (9. 4x forward), making it the more compelling value choice. Analysts rate Millrose Properties, Inc. (MRP) a "Buy" — based on 3 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 is the better long-term investment — MRP or LAND?
Over the past 5 years, Millrose Properties, Inc.
(MRP) delivered a total return of +47. 9%, compared to -52. 6% for Gladstone Land Corporation (LAND). Over 10 years, the gap is even starker: MRP returned +47. 9% versus LAND's +37. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — MRP or LAND?
By beta (market sensitivity over 5 years), Gladstone Land Corporation (LAND) is the lower-risk stock at 0.
58β versus Millrose Properties, Inc. 's 0. 82β — meaning MRP is approximately 41% more volatile than LAND relative to the S&P 500. On balance sheet safety, Millrose Properties, Inc. (MRP) carries a lower debt/equity ratio of 36% versus 80% for Gladstone Land Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — MRP or LAND?
On earnings-per-share growth, the picture is similar: Millrose Properties, Inc.
grew EPS 264. 9% year-over-year, compared to 0. 0% for Gladstone Land Corporation. 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.
05Which has better profit margins — MRP or LAND?
Millrose Properties, Inc.
(MRP) is the more profitable company, earning 63. 3% net margin versus 15. 3% for Gladstone Land Corporation — meaning it keeps 63. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MRP leads at 80. 9% versus 27. 2% for LAND. At the gross margin level — before operating expenses — MRP leads at 85. 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.
06Which pays a better dividend — MRP or LAND?
All stocks in this comparison pay dividends.
Gladstone Land Corporation (LAND) offers the highest yield at 6. 3%, versus 6. 2% for Millrose Properties, Inc. (MRP).
07Is MRP or LAND better for a retirement portfolio?
For long-horizon retirement investors, Gladstone Land Corporation (LAND) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
58), 6. 3% yield). Both have compounded well over 10 years (LAND: +37. 3%, MRP: +47. 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.
08What are the main differences between MRP 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: MRP is a small-cap deep-value 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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