National Retail Properties Inc (NNN) — Capital Reinvestment Ratio
National Retail Properties Inc (NNN) has a Capital Reinvestment Ratio of 7.43x as of December 2025, meaning it reinvests 7% of its operating cash flow ($126.17 Million) in capital expenditures ($937.08 Million). Check NNN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
National Retail Properties Inc Capital Reinvestment Ratio (1993–2025)
This chart tracks National Retail Properties Inc's Capital Reinvestment Ratio across 33 annual periods. For the full cash flow conversion analysis, see NNN cash generation efficiency.
Annual Capital Reinvestment Ratio for National Retail Properties Inc (1993–2025)
Year-by-year Capital Reinvestment Ratio for National Retail Properties Inc from 1993 to 2025. See NNN cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.40x | $667.13 Million | $937.08 Million | ▲ +55.8% |
| 2024 | 0.90x | $635.50 Million | $572.87 Million | ▼ -30.6% |
| 2023 | 1.30x | $612.41 Million | $795.79 Million | ▼ -10.8% |
| 2022 | 1.46x | $578.36 Million | $842.87 Million | ▲ +49.7% |
| 2021 | 0.97x | $568.42 Million | $553.32 Million | ▲ +123.7% |
| 2020 | 0.44x | $450.19 Million | $195.94 Million | ▼ -65.0% |
| 2019 | 1.24x | $501.73 Million | $623.52 Million | ▼ -3.6% |
| 2018 | 1.29x | $471.91 Million | $608.50 Million | ▼ -13.0% |
| 2017 | 1.48x | $421.56 Million | $624.65 Million | ▼ -21.3% |
| 2016 | 1.88x | $415.34 Million | $781.85 Million | ▼ -0.4% |
| 2015 | 1.89x | $341.10 Million | $644.74 Million | ▲ +3.1% |
| 2014 | 1.83x | $296.73 Million | $543.93 Million | ▼ -12.8% |
| 2013 | 2.10x | $274.42 Million | $576.79 Million | ▼ -20.6% |
| 2012 | 2.65x | $228.13 Million | $603.52 Million | ▼ -36.2% |
| 2011 | 4.15x | $182.95 Million | $758.38 Million | ▲ +237.3% |
| 2010 | 1.23x | $187.91 Million | $230.93 Million | ▲ +313.5% |
| 2009 | 0.30x | $149.50 Million | $44.43 Million | ▼ -80.0% |
| 2008 | 1.49x | $236.75 Million | $352.62 Million | ▼ -71.5% |
| 2007 | 5.22x | $129.63 Million | $677.10 Million | ▼ -72.5% |
| 2006 | 18.99x | $18.56 Million | $352.55 Million | ▲ +119.4% |
| 2005 | 8.66x | $30.93 Million | $267.80 Million | ▲ +381.2% |
| 2004 | 1.80x | $74.79 Million | $134.56 Million | ▼ -54.7% |
| 2003 | 3.97x | $54.32 Million | $215.73 Million | ▲ +437.7% |
| 2002 | 0.74x | $58.70 Million | $43.36 Million | ▲ +41.5% |
| 2001 | 0.52x | $38.01 Million | $19.84 Million | ▲ +555.1% |
| 2000 | 0.08x | $50.20 Million | $4.00 Million | ▼ -95.1% |
| 1999 | 1.63x | $47.88 Million | $77.96 Million | ▲ +127.2% |
| 1998 | 0.72x | $41.26 Million | $29.57 Million | ▼ -86.8% |
| 1997 | 5.41x | $34.01 Million | $184.13 Million | ▼ -17.0% |
| 1996 | 6.52x | $22.22 Million | $144.93 Million | ▲ +38.6% |
| 1995 | 4.71x | $14.14 Million | $66.57 Million | ▼ -43.2% |
| 1994 | 8.28x | $9.50 Million | $78.70 Million | ▲ +0.6% |
| 1993 | 8.24x | $3.80 Million | $31.30 Million | — |