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): October 2, 2006

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):

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

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

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

¨ 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 Ratios 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: October 2, 2006

EXHIBIT INDEX

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

EX-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.

		YTD June 2006			2005			YTD June 2005			2004			2003			2002			2001
Net Earnings, before Extraordinary Item	$	103,648,964		$	74,615,024		$	42,892,181		$	64,933,739		$	53,472,592		$	48,058,349		$	28,963,548
Fixed Charges:
Interest on Indebtedness		25,355,895			37,034,923			17,345,681			33,453,678			28,356,201			27,239,152			25,522,640
Amortization of Discount Relating to Indebtedness		65,976			104,463			49,795			122,859			146,195			127,375			107,201
Amortization of Treasury Lock Gain		(170,091	)		(325,945	)		(160,514	)		(456,669	)		(596,741	)		(554,527	)		(515,299	)
Amortization of Deferred Charges		805,433			1,507,466			576,641			1,260,198			1,334,224			963,438			817,170
		26,057,213			38,320,906			17,811,603			34,380,066			29,239,879			27,775,438			25,931,712
Net Earnings Before Fixed Charges	$	129,706,177		$	112,935,930		$	60,703,784		$	99,313,805		$	82,712,471		$	75,833,787		$	54,895,260
Divided by Fixed Charges
Fixed Charges	$	26,057,213		$	38,320,906		$	17,811,603		$	34,380,066		$	29,239,879		$	27,775,438		$	25,931,712
Capitalized and Deferred Interest		1,032,045			2,563,035			443,386			270,879			102,544			(599,902	)		451,624
	$	27,089,258		$	40,883,941		$	18,254,989		$	34,650,945		$	29,342,423		$	27,175,536		$	26,383,336
Ratio of Net Earnings to Fixed Charges		4.79			2.76			3.33			2.87			2.82			2.79			2.08
Net Earnings Before Fixed Charges	$	129,706,177		$	112,935,930		$	60,703,784		$	99,313,805		$	82,712,471		$	75,833,787		$	54,895,260
Gain of Disposition of DC Office Buildings (May 2006)		(59,495,663	)		—			—			—			—			—			—
		70,210,514			112,935,930			60,703,784			99,313,805			82,712,471			75,833,787			54,895,260
Ratio of Net Earnings to Fixed Charges adjusted for DC Office Bldgs		2.59			2.76			3.33			2.87			2.82			2.79			2.08
Preferred Stock Dividends
Series A Preferred Stock	$	2,004,288		$	4,008,575		$	2,004,288		$	4,008,378		$	4,007,532		$	4,009,554			—
Series B Convertible Preferred Stock		418,750			1,675,000			837,500			1,675,000			502,500			—			—
Total Preferred Stock Dividends	$	2,423,038		$	5,683,575		$	2,841,788		$	5,683,378		$	4,510,032		$	4,009,554			—
Combined Fixed Charges and Preferred Stock Dividends	$	29,512,296		$	46,567,517		$	21,096,777		$	40,334,323		$	33,852,455		$	31,185,090		$	26,383,336
Ratio of Net Earnings to Combined Fixed Charges and Preferred Stock Dividends		4.39			2.43			2.88			2.46			2.44			2.43			2.08
Ratio of Net Earnings to Combined Fixed Charges and Preferred Stock Dividends adjusted for DC Office Bldgs		2.38			2.43			2.88			2.46			2.44			2.43			2.08