COMP <GO>
LAND vs KREF // EV/EBITDA & P/E VALUATION
Gladstone Land Corporation (NASDAQ) VS. KKR Real Estate Finance Trust Inc. (NYSE) • 15-METRIC TALLY: LAND 4
— KREF 2
■ METRIC PARITY
LAST: $7.81 (-6.80%) • MKT CAP: $336.9M
valuation
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LAST: $5.83 (+3.55%) • MKT CAP: $334.1M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (LAND VS. KREF)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | LAND | KREF | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 2.00% | -4.00% | +6.00 | LAND | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.08% | 21.64% | -19.56 | KREF | /fcf-yield <GO> |
| Operating Margin | — | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 68.00% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | — | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 6.07% | 0.00% | +6.07 | LAND | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 3/9 | +1.00 | LAND | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 19.0 | 34.2 | -15.22 | KREF | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 23.2x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $336.9M | $334.1M | $2.8M | LAND | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | LAND REV | KREF REV | LAND GROSS % | KREF GROSS % | LAND FCF | KREF FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $12.2M | $0 | — | — | $7.0M | $72.3M |
| FY 2024 | $0 | $0 | — | — | $29.5M | $132.6M |
| FY 2023 | $0 | $0 | — | — | $40.1M | $155.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
LAND // BETA —
KREF // BETA —