HomeCompareNLOP vs BXSL

NLOP vs BXSL: Dividend Comparison 2026

NLOP yields 197.79% · BXSL yields 12.95%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 BXSL wins by $693326.13M in total portfolio value· pulled ahead in Year 7
10 years
NLOP
NLOP
● Live price
197.79%
Share price
$11.30
Annual div
$22.35
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$111.94M
Annual income
$56,120,699.27
Full NLOP calculator →
BXSL
BXSL
● Live price
12.95%
Share price
$23.79
Annual div
$3.08
5Y div CAGR
94.4%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$693438.07M
Annual income
$680,033,607,476.38
Full BXSL calculator →

Portfolio growth — NLOP vs BXSL

📍 BXSL pulled ahead of the other in Year 7

Annual dividend income

🛡️

Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodNLOPBXSL
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
📅

Dividend Calendar Overlap

Combined, NLOP + BXSL cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
NLOP pays
BXSL pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

NLOP
Annual income on $10K today (after 15% tax)
$16,811.95/yr
After 10yr DRIP, annual income (after tax)
$47,702,594.38/yr
BXSL
Annual income on $10K today (after 15% tax)
$1,100.46/yr
After 10yr DRIP, annual income (after tax)
$578,028,566,354.92/yr
At 15% tax rate, BXSL beats the other by $577,980,863,760.54/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of NLOP + BXSL for your $10,000?

NLOP: 50%BXSL: 50%
100% BXSL50/50100% NLOP
Portfolio after 10yr
$346775.00M
Annual income
$340,044,864,087.83/yr
Blended yield
98.06%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on BXSL right now

NLOP
Analyst Ratings
1
Buy
Consensus: Buy
Price Target
$73.00
+546.0% upside vs current
Range: $73.00 — $73.00
Altman Z
-0.9
Piotroski
5/9
BXSL
Analyst Ratings
9
Buy
2
Hold
1
Sell
Consensus: Buy
Price Target
$26.00
+9.3% upside vs current
Range: $24.00 — $28.00
Altman Z
0.6
Piotroski
3/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

NLOP buys
0
BXSL buys
0
No recent congressional trades found for NLOP or BXSL in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricNLOPBXSL
Forward yield197.79%12.95%
Annual dividend / share$22.35$3.08
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%94.4%
Portfolio after 10y$111.94M$693438.07M
Annual income after 10y$56,120,699.27$680,033,607,476.38
Total dividends collected$105.42M$692530.98M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy
Analyst price target$73.00$26.00

Year-by-year: NLOP vs BXSL ($10,000, DRIP)

YearNLOP PortfolioNLOP Income/yrBXSL PortfolioBXSL Income/yrGap
1$30,479$19,778.76$13,217$2,516.82+$17.3KNLOP
2$88,952$56,339.45$20,186$6,043.55+$68.8KNLOP
3$248,847$153,668.87$38,368$16,769.42+$210.5KNLOP
4$668,039$401,772.81$98,964$57,910.68+$569.1KNLOP
5$1,722,815$1,008,012.72$377,274$271,382.26+$1.35MNLOP
6$4,272,922$2,429,510.56$2,283,312$1,879,628.45+$1.99MNLOP
7← crossover$10,203,492$5,631,465.45$23,110,868$20,667,724.06$12.91MBXSL
8$23,485,601$12,567,864.41$404,792,131$380,063,502.87$381.31MBXSL
9$52,164,853$27,035,259.74$12,527,531,257$12,094,403,676.51$12475.37MBXSL
10$111,937,092$56,120,699.27$693,438,065,921$680,033,607,476.38$693326.13MBXSL

NLOP vs BXSL: Complete Analysis 2026

NLOPStock

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe. The portfolio consists of 62 corporate tenants operating in a variety of industries, generating annualized based rent (ABR) of approximately $145 million. NLOP's business plan is to focus on realizing value for its shareholders primarily through strategic asset management and disposition of its property portfolio over time. Given WPC's extensive knowledge of the portfolio, NLOP is externally managed and advised by wholly owned affiliates of WPC to successfully execute on its business strategy. Over the course of its 50-year history, WPC has developed significant expertise in the single-tenant office real estate sector, including the operation, leasing, acquisition and development of assets through many market cycles, and has a proven track record of execution.

Full NLOP Calculator →

BXSLBDC

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.

Full BXSL Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.