Gladstone Land Corporation (LAND) vs Chicago Atlantic Real Estate Finance, Inc. (REFI)
A side-by-side comparison of Gladstone Land Corporation and Chicago Atlantic Real Estate Finance, Inc. 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 — LAND vs REFI
growth of $100 · dividends reinvested · last 5yLAND vs REFI: by the numbers
- •LAND is the larger company ($421M vs $210M market cap).
- •REFI is profitable (48.89% net margin) while LAND runs a net loss (-7.31%).
- •REFI pays the higher dividend yield (18.97% vs 5.79%).
Metrics side by side
Valuation
| Metric | LAND | REFI |
|---|---|---|
| P/E ratio | N/A | 7.20 |
| Forward P/E | N/A | 5.18 |
| P/S ratio | 4.76 | 3.50 |
| P/B ratio | 0.63 | 0.70 |
| EV / EBITDA | 15.55 | N/A |
| FCF yield | 5.89% | N/A |
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 | LAND | REFI |
|---|---|---|
| Gross margin | -9.71% | N/A |
| Operating margin | 24.01% | 57.07% |
| Net margin | -7.31% | 48.89% |
| ROE | -0.96% | 9.75% |
| ROIC | 1.78% | N/A |
Chicago Atlantic Real Estate Finance, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | LAND | REFI |
|---|---|---|
| Dividend yield | 5.79% | 18.97% |
| Payout ratio | N/A | 137.23% |
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 | LAND | REFI |
|---|---|---|
| Revenue CAGR (5Y) | 7.36% | N/A |
| Total return CAGR (5Y) | -11.96% | N/A |
Frequently asked
- Does LAND or REFI pay a bigger dividend?
- LAND yields 5.79% and REFI yields 18.97% based on trailing dividends and the latest price.
- Is LAND or REFI more profitable?
- REFI runs the higher net margin — LAND at -7.31% versus REFI at 48.89%.
Go deeper
Dig into the metrics
Gladstone L & Chicago Atlantic Real Estate Finance 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.