BlackRock Floating Rate Income Trust (BGT) vs NNN REIT, Inc. (NNN)
A side-by-side comparison of BlackRock Floating Rate Income Trust and NNN REIT, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 1, 2026. Differences are shown without an overall score or investment verdict.
Different business models: BGT is classified in Financial Services; NNN is classified in Real Estate. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
BGT
BlackRock Floating Rate Income Trust
$10.83Financial ServicesAt close: Jul 31, 2026, 4:00 PM ET
NNN
NNN REIT, Inc.
$47.52Real EstateAt close: Jul 31, 2026, 4:00 PM ET
Total return — BGT vs NNN
growth of $100 · dividends reinvested · last 22yBGT +191.9%NNN +790.6%NNN compounded faster
BGT NNN
BGT vs NNN: by the numbers
- •NNN is the larger company ($9.04B vs $323M market cap).
- •BGT trades at the lower trailing earnings multiple (9.94 vs 23.07 P/E), one valuation lens rather than an overall verdict.
- •BGT converts more revenue to profit (71.60% vs 41.38% net margin).
- •BGT grew revenue faster over the past five years (9.30% vs 7.06% CAGR).
- •BGT pays the higher dividend yield (13.33% vs 5.05%).
Metrics side by side
Valuation
| Metric | BGT | NNN |
|---|---|---|
| P/E ratio | 9.94 | 23.07 |
| Forward P/E | N/A | 23.46 |
| P/S ratio | 7.57 | 9.62 |
| P/B ratio | 0.82 | 2.05 |
| PEG ratio | 0.23 | 2.07 |
| EV / EBITDA | N/A | 16.01 |
| FCF yield | N/A | 7.23% |
Profitability
| Metric | BGT | NNN |
|---|---|---|
| Gross margin | 84.12% | 38.00% |
| Operating margin | 87.84% | 63.13% |
| Net margin | 71.60% | 41.38% |
| ROE | 7.75% | 8.81% |
| ROIC | 4.57% | 6.39% |
Dividends
| Metric | BGT | NNN |
|---|---|---|
| Dividend yield | 13.33% | 5.05% |
| Payout ratio | 197.72% | 115.94% |
Growth (annualized)
| Metric | BGT | NNN |
|---|---|---|
| Revenue CAGR (5Y) | 9.30% | 7.06% |
| EPS CAGR (5Y) | 43.50% | 11.15% |
| FCF CAGR (5Y) | N/A | 6.14% |
| Total return CAGR (5Y) | 6.81% | 4.86% |
Frequently asked
- Which has the lower trailing P/E, BGT or NNN?
- BGT has the lower trailing P/E: BGT trades at 9.94 and NNN at 23.07. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, BGT or NNN?
- Over the past five years, BGT grew revenue faster — BGT at a 9.30% CAGR versus NNN at 7.06%.
- Does BGT or NNN pay a bigger dividend?
- BGT yields 13.33% and NNN yields 5.05% based on trailing dividends and the latest price.
- Is BGT or NNN more profitable?
- BGT runs the higher net margin — BGT at 71.60% versus NNN at 41.38%.
- How have BGT and NNN total returns compared?
- Over the past 10 years, BGT delivered 6.51% and NNN delivered 3.89% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
BlackRock Floating Rate Income P/E ratioNNN REIT P/E ratioBlackRock Floating Rate Income dividend yieldNNN REIT dividend yieldBlackRock Floating Rate Income ROENNN REIT ROEBlackRock Floating Rate Income operating marginNNN REIT operating marginBlackRock Floating Rate Income revenue growthNNN REIT revenue growthBlackRock Floating Rate Income free cash flowNNN REIT free cash flow
BlackRock Floating Rate Income & NNN REIT 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 August 1, 2026.