OZ vs IIPR vs GOOD vs EPRT vs GTY

For growth investors, Essential Properties Realty Trust, Inc.

(EPRT) is the stronger pick with 25. 0% revenue growth year-over-year, versus -13. 8% for Innovative Industrial Properties, Inc. (IIPR). Innovative Industrial Properties, Inc. (IIPR) offers the better valuation at 14. 4x trailing P/E (13. 2x forward), making it the more compelling value choice. Analysts rate Gladstone Commercial Corporation (GOOD) a "Buy" — based on 14 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.

On trailing P/E, Innovative Industrial Properties, Inc.

(IIPR) is the cheapest at 14. 4x versus Gladstone Commercial Corporation at 31. 0x. On forward P/E, Innovative Industrial Properties, Inc. is actually cheaper at 13. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Essential Properties Realty Trust, Inc. wins at 1. 01x versus Innovative Industrial Properties, Inc. 's 3. 52x — a reasonable growth-adjusted valuation.

Over the past 5 years, Essential Properties Realty Trust, Inc.

(EPRT) delivered a total return of +43. 1%, compared to -50. 0% for Innovative Industrial Properties, Inc. (IIPR). Over 10 years, the gap is even starker: IIPR returned +436. 4% versus OZ's -49. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Essential Properties Realty Trust, Inc.

(EPRT) is the lower-risk stock at 0. 01β versus Innovative Industrial Properties, Inc. 's 0. 92β — meaning IIPR is approximately 10300% more volatile than EPRT relative to the S&P 500. On balance sheet safety, Innovative Industrial Properties, Inc. (IIPR) carries a lower debt/equity ratio of 21% versus 3% for Gladstone Commercial Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Essential Properties Realty Trust, Inc.

(EPRT) is pulling ahead at 25. 0% versus -13. 8% for Innovative Industrial Properties, Inc. (IIPR). On earnings-per-share growth, the picture is similar: Gladstone Commercial Corporation grew EPS 57. 7% year-over-year, compared to -62. 6% for Belpointe PREP, LLC. Over a 3-year CAGR, OZ leads at 39. 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.

Essential Properties Realty Trust, Inc.

(EPRT) is the more profitable company, earning 45. 0% net margin versus -891. 8% for Belpointe PREP, LLC — meaning it keeps 45. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EPRT leads at 64. 5% versus -504. 3% for OZ. At the gross margin level — before operating expenses — IIPR leads at 88. 7%, 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Essential Properties Realty Trust, Inc. (EPRT) is the more undervalued stock at a PEG of 1. 01x versus Innovative Industrial Properties, Inc. 's 3. 52x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Innovative Industrial Properties, Inc. (IIPR) trades at 13. 2x forward P/E versus 83. 0x for Gladstone Commercial Corporation — 69. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EPRT: 16. 0% to $36. 50.

In this comparison, IIPR (13.

5% yield), GOOD (11. 4% yield), GTY (5. 8% yield), EPRT (3. 7% yield) pay a dividend. OZ does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Essential Properties Realty Trust, Inc.

(EPRT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 01), 3. 7% yield, +190. 2% 10Y return). Both have compounded well over 10 years (EPRT: +190. 2%, OZ: -49. 2%), 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.

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: OZ is a small-cap high-growth stock; IIPR is a small-cap deep-value stock; GOOD is a small-cap income-oriented stock; EPRT is a small-cap high-growth stock; GTY is a small-cap income-oriented stock. IIPR, GOOD, EPRT, GTY pay a dividend while OZ does 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.