8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 4, 2007

NATIONAL RETAIL PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

Maryland	001-11290	56-1431377
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

450 South Orange Avenue Suite 900 Orlando, Florida	32801
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (407) 265-7348

Not applicable (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

     The exhibit listed in the following index relates to the Registration Statement on Form S-3 (No. 333-132095) of the registrant and is filed herewith for incorporation by reference into such Registration Statement.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits.

12 Computation of Consolidated Ratio of Earnings to Fixed Charges

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NATIONAL RETAIL PROPERTIES, INC.
By:	/s/ Kevin B. Habicht
	Name:	Kevin B. Habicht
	Title:	Executive Vice President and Chief Financial Officer

Dated: September 4, 2007

EXHIBIT INDEX

Exhibit No.	Description
12	Computation of Consolidated Ratio of Earnings to Fixed Charges

EX-12

Exhibit 12

NATIONAL RETAIL PROPERTIES, INC. AND SUBSIDIARIES
EXHIBIT 12

CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

The following table sets forth the Company’s consolidated ratios of earnings to fixed charges for the periods as shown (dollars in thousands).

	Six Months						Six Months
	2007			2006			2006			2005			2004			2003			2002
Net Earnings, before Extraordinary Item	$	75,359		$	182,505		$	103,649		$	74,614		$	64,934		$	53,473		$	48,058
Fixed Charges:
Interest on Indebtedness		25,062			48,947			25,356			37,035			33,454			28,356			27,239
Amortization of Discount Relating to Indebtedness		73			136			66			104			123			146			127
Amortization of Treasury Lock Gain		(180	)		(345	)		(170	)		(326	)		(457	)		(596	)		(554	)
Amortization of Deferred Charges		965			1,613			805			1,508			1,260			1,334			963
		25,920			50,351			26,057			38,321			34,380			29,240			27,775
Net Earnings Before Fixed Charges	$	101,279		$	232,856		$	129,706		$	112,935		$	99,314		$	82,713		$	75,833
Divided by Fixed Charges
Fixed Charges	$	25,920		$	50,351		$	26,057		$	38,321		$	34,380		$	29,240		$	27,775
Capitalized and Deferred Interest		1,444			2,278			1,032			2,563			271			102			(600	)
	$	27,364		$	52,629		$	27,089		$	40,884		$	34,651		$	29,342		$	27,175
Ratio of Net Earnings to Fixed Charges		3.70			4.42			4.79			2.76			2.87			2.82			2.79
Net Earnings Before Fixed Charges	$	101,279		$	232,856		$	129,706		$	112,935		$	99,314		$	82,713		$	75,833
Gain of Disposition of DC Office Buildings (May 2006)		—			(59,496	)		(59,496	)		—			—			—			—
	$	101,279		$	173,360		$	70,210		$	112,935		$	99,314		$	82,713		$	75,833
Ratio of Net Earnings to Fixed Charges adjusted for DC Office Bldgs		3.70			3.29			2.59			2.76			2.87			2.82			2.79
Preferred Stock Dividends
Series A Preferred Stock	$	—		$	4,376		$	2,004		$	4,008		$	4,008		$	4,008		$	4,010
Series B Convertible Preferred Stock		—			419			419			1,675			1,675			502			—
Series C Redeemable Preferred Stock		3,393			923			—			—			—			—			—
Total Preferred Stock Dividends	$	3,393		$	5,718		$	2,423		$	5,683		$	5,683		$	4,510		$	4,010
Combined Fixed Charges and Preferred Stock Dividends	$	30,757		$	58,347		$	29,512		$	46,567		$	40,334		$	33,852		$	31,185
Ratio of Net Earnings to Combined Fixed Charges and Preferred Stock Dividends		3.29			3.99			4.39			2.43			2.46			2.44			2.43
Ratio of Net Earnings to Combined Fixed Charges and Preferred Stock Dividends adjusted for DC Office Bldgs		3.29			2.97			2.38			2.43			2.46			2.44			2.43