TSLX vs IIPR

Comparison between Sixth Street Specialty Lending Inc (TSLX, Company) and Innovative Industrial Properties Inc (IIPR, Company).

TSLX is from the Financial Services sector, while IIPR is from the Real Estate sector.

5-Year PerformanceTSLX has outperformed IIPR, delivering a return of +5.0% compared to -13.1%

TSLX vs IIPR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TSLX(COMPANY)	IIPR(COMPANY)
Market Cap	$1.64B	$1.64B
Max Drawdown	52.72%	84.42%
Sharpe Ratio	-0.83	0.61
5Y Beta	0.56	0.69
Industry	Asset Management	Reit - Industrial
P/E Ratio	15.13	13.53
Forward P/E	13.28	13.37
PEG Ratio	1.27	0.00
Dividend Yield	11.30%	13.00%
5Y Dividends CAGR	-2.77%	14.68%
5Y EPS CAGR	N/A	3.72%
Debt to Equity	116.90%	0.00%
Free Cash Flow Yield	13.92%	12.23%
P/S Ratio	3.85	6.29
P/B Ratio	1.06	0.93

Market Cap

Winner

TSLX

$1.64B

IIPR

$1.64B

Max Drawdown

Winner

TSLX

52.72%

IIPR

84.42%

Sharpe Ratio

TSLX

-0.83

Winner

IIPR

0.61

5Y Beta

Winner

TSLX

0.56

IIPR

0.69

Industry

TSLX

Asset Management

IIPR

Reit - Industrial

P/E Ratio

TSLX

15.13

Winner

IIPR

13.53

Forward P/E

Winner

TSLX

13.28

IIPR

13.37

PEG Ratio

TSLX

1.27

Winner

IIPR

0.00

Dividend Yield

TSLX

11.30%

Winner

IIPR

13.00%

5Y Dividends CAGR

TSLX

-2.77%

Winner

IIPR

14.68%

5Y EPS CAGR

TSLX

N/A

IIPR

3.72%

Debt to Equity

TSLX

116.90%

Winner

IIPR

0.00%

Free Cash Flow Yield

Winner

TSLX

13.92%

IIPR

12.23%

P/S Ratio

Winner

TSLX

3.85

IIPR

6.29

P/B Ratio

TSLX

1.06

Winner

IIPR

0.93

TSLX vs IIPR - Historical Returns

Returns include dividend reinvestment.

Period	TSLX	IIPR
1 month	-11.28%	-2.88%
3 months	-3.29%	+10.42%
6 months	-18.22%	+26.12%
1 year	-18.28%	+23.65%
5 years(CAGR)	+4.96%	-13.10%
10 years(CAGR)	+11.66%	+19.26%
Max(CAGR)	+11.46%	+19.26%

TSLX

-11.28%

Winner

IIPR

-2.88%

TSLX

-3.29%

Winner

IIPR

+10.42%

TSLX

-18.22%

Winner

IIPR

+26.12%

TSLX

-18.28%

Winner

IIPR

+23.65%

5Y(CAGR)

Winner

TSLX

+4.96%

IIPR

-13.10%

10Y(CAGR)

TSLX

+11.66%

Winner

IIPR

+19.26%

Max(CAGR)

TSLX

+11.46%

Winner

IIPR

+19.26%

TSLX vs IIPR - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	TSLX	IIPR
2026	-17.58%	+22.90%
2025	+11.88%	-19.45%
2024	+8.94%	-28.90%
2023	+33.93%	+12.26%
2022	-16.67%	-56.68%
2021	+33.21%	+52.15%
2020	+9.15%	+158.90%
2019	+27.10%	+70.62%
2018	-0.12%	+27.13%
2017	+16.88%	+77.27%
2016	+24.12%	-5.01%
2015	+6.55%	N/A
2014	+14.82%	N/A

TSLX vs IIPR Drawdown Comparison

The maximum drawdown for TSLX was -50.17%, occurring on Mar 23, 2020. Recovery took 198 trading sessions.

The maximum drawdown for IIPR was -78.34%, occurring on Aug 8, 2025. This drawdown has not yet recovered.

The current TSLX drawdown is -25.70%. The current IIPR drawdown is -69.05%.

Rank	TSLX	IIPR
#1	-50.17% Feb 20, 2020 - Dec 1, 2020	-78.34% Nov 15, 2021 - Aug 8, 2025
#2	-31.30% Jun 11, 2014 - Jan 4, 2017	-65.46% Jul 11, 2019 - Oct 9, 2020
#3	-28.79% Jan 12, 2022 - Aug 4, 2023	-33.22% Jan 2, 2018 - May 25, 2018
#4	-27.87% Jul 17, 2025 - Feb 27, 2026	-24.76% Feb 24, 2021 - Aug 6, 2021
#5	-16.78% Feb 28, 2025 - May 20, 2025	-21.36% Jan 5, 2017 - Oct 25, 2017
#6	-13.46% Oct 5, 2017 - Aug 2, 2018	-20.75% Nov 23, 2018 - Jan 17, 2019
#7	-11.91% Nov 9, 2018 - Feb 20, 2019	-19.58% Dec 1, 2016 - Jan 5, 2017
#8	-8.65% Jul 10, 2024 - Nov 29, 2024	-16.79% Jun 11, 2018 - Aug 24, 2018
#9	-7.60% Jul 12, 2021 - Oct 18, 2021	-16.65% Sep 28, 2018 - Nov 16, 2018
#10	-7.33% Aug 15, 2017 - Oct 5, 2017	-14.18% Mar 21, 2019 - Jun 5, 2019
#11	-7.12% Sep 28, 2023 - Nov 3, 2023	-14.10% Oct 13, 2020 - Nov 5, 2020
#12	-6.92% Apr 29, 2021 - Jun 1, 2021	-12.87% Feb 27, 2019 - Mar 15, 2019
#13	-6.12% Nov 8, 2021 - Jan 4, 2022	-12.76% Jun 20, 2019 - Jul 11, 2019
#14	-5.94% Jan 26, 2024 - May 1, 2024	-11.21% Dec 22, 2020 - Jan 21, 2021
#15	-5.78% Feb 21, 2019 - Jun 19, 2019	-9.44% Sep 3, 2021 - Oct 20, 2021

Correlation

Correlation between TSLX and IIPR is 0.37 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.37

-101

Dividend Comparison (2014 - 2026)

TSLX vs IIPR dividend yield comparison.

Year	TSLX	IIPR
2026	2.70%	3.24%
2025	9.44%	16.05%
2024	9.81%	11.28%
2023	9.72%	7.16%
2022	10.34%	7.01%
2021	15.35%	2.18%
2020	11.08%	2.44%
2019	8.43%	3.73%
2018	9.84%	1.87%
2017	8.84%	1.70%
2016	8.35%	0.00%
2015	9.62%	0.00%
2014	9.10%	0.00%