Industrial Logistics Properties Trust (ILPT) vs Gladstone Land Corporation (LANDO)
A side-by-side comparison of Industrial Logistics Properties Trust and Gladstone Land Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — ILPT vs LANDO
growth of $100 · dividends reinvested · last 6yILPT vs LANDO: by the numbers
- •LANDO is the larger company ($719M vs $484M market cap).
- •Both run net losses; LANDO's is the smaller (-7.31% vs -10.37% net margin).
- •ILPT grew revenue faster over the past five years (14.29% vs 7.36% CAGR).
- •LANDO pays the higher dividend yield (7.52% vs 3.52%).
Metrics side by side
Valuation
| Metric | ILPT | LANDO |
|---|---|---|
| P/S ratio | 1.06 | 8.12 |
| P/B ratio | 1.05 | 1.07 |
| EV / EBITDA | 14.76 | 20.74 |
| FCF yield | 11.24% | 3.45% |
For REITs like Industrial Logistics Properties Trust, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Gladstone Land Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ILPT | LANDO |
|---|---|---|
| Gross margin | 10.99% | -9.71% |
| Operating margin | 32.85% | 24.01% |
| Net margin | -10.37% | -7.31% |
| ROE | -10.23% | -0.96% |
| ROIC | 2.97% | 1.78% |
Dividends
| Metric | ILPT | LANDO |
|---|---|---|
| Dividend yield | 3.52% | 7.52% |
Industrial Logistics Properties Trust's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Gladstone Land Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ILPT | LANDO |
|---|---|---|
| Revenue CAGR (5Y) | 14.29% | 7.36% |
| FCF CAGR (5Y) | -13.15% | N/A |
| Total return CAGR (5Y) | -20.92% | 1.85% |
Frequently asked
- Which has grown faster, ILPT or LANDO?
- Over the past five years, ILPT grew revenue faster — ILPT at a 14.29% CAGR versus LANDO at 7.36%.
- Does ILPT or LANDO pay a bigger dividend?
- ILPT yields 3.52% and LANDO yields 7.52% based on trailing dividends and the latest price.
- How have ILPT and LANDO total returns compared?
- Over the past 5 years, ILPT delivered -20.92% and LANDO delivered 1.85% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Industrial Logistics Properties & Gladstone L appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.