National Retail Properties Inc (NNN) — Cash Flow Quality Index
National Retail Properties Inc (NNN) has a Cash Flow Quality Index of 1.31x as of December 2025. Operating cash flow of $126.17 Million exceeds net income of $95.95 Million, indicating high earnings quality where cash backs reported profits. Explore National Retail Properties Inc cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
National Retail Properties Inc Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for National Retail Properties Inc across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of National Retail Properties Inc.
Annual Cash Flow Quality Index for National Retail Properties Inc (1990–2025)
Year-by-year earnings quality comparison for National Retail Properties Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.71x | $667.13 Million | $389.78 Million | ▲ +6.9% |
| 2024 | 1.60x | $635.50 Million | $396.83 Million | ▲ +2.6% |
| 2023 | 1.56x | $612.41 Million | $392.34 Million | ▼ -9.7% |
| 2022 | 1.73x | $578.36 Million | $334.62 Million | ▼ -11.8% |
| 2021 | 1.96x | $568.42 Million | $290.11 Million | ▼ -0.4% |
| 2020 | 1.97x | $450.19 Million | $228.80 Million | ▲ +17.5% |
| 2019 | 1.67x | $501.73 Million | $299.61 Million | ▲ +3.8% |
| 2018 | 1.61x | $471.91 Million | $292.49 Million | ▲ +1.6% |
| 2017 | 1.59x | $421.56 Million | $265.37 Million | ▼ -8.4% |
| 2016 | 1.73x | $415.34 Million | $239.51 Million | ▲ +0.6% |
| 2015 | 1.72x | $341.10 Million | $197.96 Million | ▲ +11.0% |
| 2014 | 1.55x | $296.73 Million | $191.17 Million | ▼ -9.5% |
| 2013 | 1.71x | $274.42 Million | $160.09 Million | ▲ +6.7% |
| 2012 | 1.61x | $228.13 Million | $141.94 Million | ▼ -18.8% |
| 2011 | 1.98x | $182.95 Million | $92.42 Million | ▼ -22.7% |
| 2010 | 2.56x | $187.91 Million | $73.35 Million | ▼ -3.4% |
| 2009 | 2.65x | $149.50 Million | $56.40 Million | ▲ +37.8% |
| 2008 | 1.92x | $236.75 Million | $123.08 Million | ▲ +133.1% |
| 2007 | 0.83x | $129.63 Million | $157.11 Million | ▲ +711.3% |
| 2006 | 0.10x | $18.56 Million | $182.50 Million | ▼ -75.5% |
| 2005 | 0.41x | $30.93 Million | $74.61 Million | ▼ -64.0% |
| 2004 | 1.15x | $74.79 Million | $64.93 Million | ▲ +13.4% |
| 2003 | 1.02x | $54.32 Million | $53.47 Million | ▼ -16.8% |
| 2002 | 1.22x | $58.70 Million | $48.06 Million | ▼ -6.9% |
| 2001 | 1.31x | $38.01 Million | $28.96 Million | ▲ +1.0% |
| 2000 | 1.30x | $50.20 Million | $38.62 Million | ▼ -22.4% |
| 1999 | 1.68x | $47.88 Million | $28.58 Million | ▲ +26.1% |
| 1998 | 1.33x | $41.26 Million | $31.05 Million | ▲ +16.3% |
| 1997 | 1.14x | $34.01 Million | $29.75 Million | ▲ +1.9% |
| 1996 | 1.12x | $22.22 Million | $19.80 Million | ▲ +0.8% |
| 1995 | 1.11x | $14.14 Million | $12.70 Million | ▲ +4.3% |
| 1994 | 1.07x | $9.50 Million | $8.90 Million | ▼ -1.7% |
| 1993 | 1.09x | $3.80 Million | $3.50 Million | ▼ -17.3% |
| 1992 | 1.31x | $2.10 Million | $1.60 Million | ▲ +13.8% |
| 1991 | 1.15x | $1.50 Million | $1.30 Million | ▲ +1.0% |
| 1990 | 1.14x | $1.60 Million | $1.40 Million | — |