National Retail Properties Inc (NNN) — Cash Flow Reinvestment Rate

Latest as of December 2025: 7.43x

National Retail Properties Inc (NNN) has a Cash Flow Reinvestment Rate of 7.43x as of December 2025, reinvesting $937.08 Million (capex $937.08 Million ) from operating cash flow of $126.17 Million. Check National Retail Properties Inc (NNN) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

7.43x
(Capex + Investments) / Operating CF

Total Reinvested

$937.08 Million
Capex + Investments

Operating Cash Flow

$126.17 Million
USD

Capital Expenditures

$937.08 Million
USD

National Retail Properties Inc Cash Flow Reinvestment Rate (1990–2025)

Historical reinvestment intensity for National Retail Properties Inc across 36 annual periods. Explore how much of National Retail Properties Inc's assets are long-term investments to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for National Retail Properties Inc (1990–2025)

Year-by-year capital reinvestment analysis for National Retail Properties Inc. For live market cap and broader valuation context, see market value of National Retail Properties Inc.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 1.40x $937.08 Million $667.13 Million $937.08 Million ▼ -10.5%
2024 1.57x $997.21 Million $635.50 Million $572.87 Million ▼ -35.2%
2023 2.42x $1.48 Billion $612.41 Million $795.79 Million ▼ -16.9%
2022 2.91x $1.69 Billion $578.36 Million $842.87 Million ▲ +49.7%
2021 1.95x $1.11 Billion $568.42 Million $553.32 Million ▲ +123.8%
2020 0.87x $391.51 Million $450.19 Million $195.94 Million ▼ -68.1%
2019 2.73x $1.37 Billion $501.73 Million $623.52 Million ▼ -5.8%
2018 2.89x $1.37 Billion $471.91 Million $608.50 Million ▼ -9.3%
2017 3.19x $1.35 Billion $421.56 Million $624.65 Million ▼ -20.3%
2016 4.01x $1.66 Billion $415.34 Million $781.85 Million ▲ +3.1%
2015 3.89x $1.33 Billion $341.10 Million $644.74 Million ▲ +1.1%
2014 3.84x $1.14 Billion $296.73 Million $543.93 Million ▼ -12.4%
2013 4.39x $1.20 Billion $274.42 Million $576.79 Million ▼ -22.1%
2012 5.64x $1.29 Billion $228.13 Million $603.52 Million ▲ +36.0%
2011 4.15x $758.38 Million $182.95 Million $758.38 Million ▲ +237.3%
2010 1.23x $230.93 Million $187.91 Million $230.93 Million ▲ +313.5%
2009 0.30x $44.43 Million $149.50 Million $44.43 Million ▼ -80.0%
2008 1.49x $352.62 Million $236.75 Million $352.62 Million ▼ -71.5%
2007 5.22x $677.10 Million $129.63 Million $677.10 Million ▼ -72.5%
2006 18.99x $352.55 Million $18.56 Million $352.55 Million ▲ +119.4%
2005 8.66x $267.80 Million $30.93 Million $267.80 Million ▲ +381.2%
2004 1.80x $134.56 Million $74.79 Million $134.56 Million ▼ -54.7%
2003 3.97x $215.73 Million $54.32 Million $215.73 Million ▲ +437.7%
2002 0.74x $43.36 Million $58.70 Million $43.36 Million ▲ +41.5%
2001 0.52x $19.84 Million $38.01 Million $19.84 Million ▲ +555.1%
2000 0.08x $4.00 Million $50.20 Million $4.00 Million ▼ -95.1%
1999 1.63x $77.96 Million $47.88 Million $77.96 Million ▲ +127.2%
1998 0.72x $29.57 Million $41.26 Million $29.57 Million ▼ -86.8%
1997 5.41x $184.13 Million $34.01 Million $184.13 Million ▼ -17.0%
1996 6.52x $144.93 Million $22.22 Million $144.93 Million ▲ +38.6%
1995 4.71x $66.57 Million $14.14 Million $66.57 Million ▼ -43.2%
1994 8.28x $78.70 Million $9.50 Million $78.70 Million ▲ +0.6%
1993 8.24x $31.30 Million $3.80 Million $31.30 Million
1992 0.00x $0.00 $2.10 Million $0.00
1991 0.00x $0.00 $1.50 Million $0.00
1990 0.00x $0.00 $1.60 Million $0.00
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow