FPI vs. LAND
FPI (Farmland Partners Inc.) and LAND (Gladstone Land Corporation) are both stocks. Both are in the Real Estate sector — FPI in REIT - Specialty, LAND in REIT - Industrial. Over the past 10 years, FPI returned 3.71%/yr vs 2.62%/yr for LAND. At a 0.39 correlation, their price movements are largely independent.
Performance
FPI vs. LAND - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a 4.47% return, which is significantly higher than LAND's 0.20% return. Over the past 10 years, FPI has outperformed LAND with an annualized return of 3.71%, while LAND has yielded a comparatively lower 2.62% annualized return.
FPI
- 1D
- 0.91%
- 1M
- -4.04%
- YTD
- 4.47%
- 6M
- 2.38%
- 1Y
- -9.20%
- 3Y*
- -0.15%
- 5Y*
- -0.55%
- 10Y*
- 3.71%
LAND
- 1D
- -0.44%
- 1M
- -5.51%
- YTD
- 0.20%
- 6M
- 2.75%
- 1Y
- -7.11%
- 3Y*
- -15.37%
- 5Y*
- -15.24%
- 10Y*
- 2.62%
FPI vs. LAND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.47% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
LAND Gladstone Land Corporation | 0.20% | -10.69% | -21.63% | -18.49% | -44.42% | 136.25% | 17.35% | 18.07% | -10.82% | 24.66% |
Correlation
The correlation between FPI and LAND is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2014 | 0.39 |
The correlation between FPI and LAND shifts across timeframes, from 0.39 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FPI:
$431.11M
LAND:
$366.07M
FPI:
$0.63
LAND:
-$0.31
FPI:
8.89
LAND:
3.89
FPI:
0.94
LAND:
0.53
FPI:
$53.83M
LAND:
$86.33M
FPI:
$42.39M
LAND:
$12.83M
FPI:
$36.98M
LAND:
$64.70M
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Return for Risk
FPI vs. LAND — Risk / Return Rank
FPI
LAND
FPI vs. LAND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) and Gladstone Land Corporation (LAND). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPI | LAND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.98 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.26 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.82 | -0.49 | -0.33 |
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Drawdowns
FPI vs. LAND - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, smaller than the maximum LAND drawdown of -76.45%. Use the drawdown chart below to compare losses from any high point for FPI and LAND.
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Drawdown Indicators
| FPI | LAND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -76.45% | +16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -27.30% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.64% | -45.24% | +21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -76.45% | +36.57% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -76.45% | +19.01% |
Current DrawdownCurrent decline from peak | -23.54% | -74.39% | +50.85% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -30.71% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.21% | 14.42% | -3.21% |
Volatility
FPI vs. LAND - Volatility Comparison
Farmland Partners Inc. (FPI) and Gladstone Land Corporation (LAND) have volatilities of 6.49% and 6.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPI | LAND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 6.75% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 22.18% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 29.45% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.32% | 31.38% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.64% | 29.94% | +5.70% |
Dividends
FPI vs. LAND - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 4.71%, less than LAND's 6.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.71% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
LAND Gladstone Land Corporation | 6.25% | 6.12% | 5.16% | 3.83% | 2.98% | 1.60% | 3.67% | 4.12% | 4.63% | 3.90% | 4.40% | 5.38% |
Financials
FPI vs. LAND - Financials Comparison
This section allows you to compare key financial metrics between Farmland Partners Inc. and Gladstone Land Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FPI vs. LAND - Profitability Comparison
FPI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Farmland Partners Inc. reported a gross profit of 8.63M and revenue of 10.10M. Therefore, the gross margin over that period was 85.5%.
LAND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Gladstone Land Corporation reported a gross profit of 14.64M and revenue of 14.80M. Therefore, the gross margin over that period was 98.9%.
FPI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Farmland Partners Inc. reported an operating income of 3.57M and revenue of 10.10M, resulting in an operating margin of 35.4%.
LAND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Gladstone Land Corporation reported an operating income of 12.68M and revenue of 14.80M, resulting in an operating margin of 85.7%.
FPI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Farmland Partners Inc. reported a net income of 640.00K and revenue of 10.10M, resulting in a net margin of 6.3%.
LAND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Gladstone Land Corporation reported a net income of -9.99M and revenue of 14.80M, resulting in a net margin of -67.5%.
Frequently Asked Questions
FPI and LAND have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAND has higher volatility (6.75%) compared to FPI (6.49%). In terms of maximum drawdown, FPI dropped -59.77% vs LAND's -76.45%.
LAND currently has the higher Sharpe Ratio (-0.24 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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