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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.
Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $16.6M, roughly 1.1× GLADSTONE LAND Corp). On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -1.5%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs -11.8%).
Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.
LAND vs PINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $16.6M | $18.4M |
| Net Profit | — | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 200.3% | 35.4% |
| Net Margin | — | 11.9% |
| Revenue YoY | -1.5% | 29.6% |
| Net Profit YoY | — | 285.3% |
| EPS (diluted) | — | $0.06 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $16.6M | $18.4M | ||
| Q4 25 | $41.5M | $16.9M | ||
| Q3 25 | $17.8M | $14.6M | ||
| Q2 25 | $12.3M | $14.9M | ||
| Q1 25 | $16.8M | $14.2M | ||
| Q4 24 | $21.1M | $13.8M | ||
| Q3 24 | $22.6M | $13.5M | ||
| Q2 24 | $21.3M | $12.5M |
| Q1 26 | — | $2.2M | ||
| Q4 25 | $4.2M | $1.5M | ||
| Q3 25 | $2.1M | $-1.3M | ||
| Q2 25 | $-7.9M | $-1.6M | ||
| Q1 25 | $15.1M | $-1.2M | ||
| Q4 24 | $540.0K | $-958.0K | ||
| Q3 24 | $6.0K | $3.1M | ||
| Q2 24 | $-823.0K | $204.0K |
| Q1 26 | 200.3% | 35.4% | ||
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 24.0% |
| Q1 26 | — | 11.9% | ||
| Q4 25 | 10.2% | 8.7% | ||
| Q3 25 | 11.7% | -9.0% | ||
| Q2 25 | -64.1% | -11.0% | ||
| Q1 25 | 89.9% | -8.3% | ||
| Q4 24 | 2.6% | -6.9% | ||
| Q3 24 | 0.0% | 22.8% | ||
| Q2 24 | -3.9% | 1.6% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $-0.05 | $0.07 | ||
| Q3 25 | $-0.11 | $-0.09 | ||
| Q2 25 | $-0.38 | $-0.12 | ||
| Q1 25 | $0.25 | $-0.08 | ||
| Q4 24 | $-0.15 | $-0.06 | ||
| Q3 24 | $-0.16 | $0.21 | ||
| Q2 24 | $-0.19 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $688.3M | $312.5M |
| Total Assets | $1.2B | $745.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.6M | ||
| Q4 25 | $27.2M | $4.6M | ||
| Q3 25 | $11.3M | $1.2M | ||
| Q2 25 | $30.5M | $5.0M | ||
| Q1 25 | $42.9M | $6.1M | ||
| Q4 24 | $18.3M | $1.6M | ||
| Q3 24 | $13.2M | $2.6M | ||
| Q2 24 | $49.8M | $3.3M |
| Q1 26 | — | — | ||
| Q4 25 | $473.6M | $377.7M | ||
| Q3 25 | $480.4M | $358.2M | ||
| Q2 25 | $496.4M | $352.6M | ||
| Q1 25 | $498.8M | $356.5M | ||
| Q4 24 | $527.5M | $301.5M | ||
| Q3 24 | $530.7M | $278.9M | ||
| Q2 24 | $549.4M | $268.3M |
| Q1 26 | $688.3M | $312.5M | ||
| Q4 25 | $670.3M | $279.9M | ||
| Q3 25 | $661.8M | $223.5M | ||
| Q2 25 | $670.1M | $229.8M | ||
| Q1 25 | $689.9M | $240.9M | ||
| Q4 24 | $687.2M | $253.0M | ||
| Q3 24 | $691.2M | $248.2M | ||
| Q2 24 | $708.5M | $244.0M |
| Q1 26 | $1.2B | $745.1M | ||
| Q4 25 | $1.2B | $715.9M | ||
| Q3 25 | $1.2B | $621.4M | ||
| Q2 25 | $1.3B | $628.4M | ||
| Q1 25 | $1.3B | $647.4M | ||
| Q4 24 | $1.3B | $605.0M | ||
| Q3 24 | $1.3B | $579.0M | ||
| Q2 24 | $1.4B | $565.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.71× | 1.35× | ||
| Q3 25 | 0.73× | 1.60× | ||
| Q2 25 | 0.74× | 1.53× | ||
| Q1 25 | 0.72× | 1.48× | ||
| Q4 24 | 0.77× | 1.19× | ||
| Q3 24 | 0.77× | 1.12× | ||
| Q2 24 | 0.78× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LAND
Segment breakdown not available.
PINE
| Lease Income | $12.6M | 68% |
| Other | $5.8M | 31% |
| Other Revenue | $46.0K | 0% |
