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Organization and Summary of Significant Accounting Policies(Tables) | 12 Months Ended
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Dec. 31, 2012
Accounting Policies [Abstract] |
Summary Of NNN's Investment Portfolio | NNN assets include: real estate assets, mortgages and notes receivable, and commercial mortgage residual interests. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (“Properties” or “Property Portfolio”).
| December 31, 2012
Property Portfolio: |
Total properties (including retail operations) | 1,622 |
Gross leasable area (square feet) | 19,168,000 |
States | 47 |
Schedule of Intangible Assets and Related Amortization | Intangible assets and liabilities consisted of the following as of December 31 (in thousands):
|  | 2012 |  | 2011
Intangible lease assets (included in Other assets): |  |  |  |
Value of above market in-place leases, net |  | $ | 6,679 |  |  | $ | 5,907 |
Value of in-place leases, net |  | 37,889 |  |  | 31,970 |
Intangible lease liabilities (included in Other liabilities): |  |  |  |
Value of below market in-place leases, net |  | 23,708 |  |  | 23,367 |
Computation Of Basic And Diluted Earnings Per Share | The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands):
| 2012 |  | 2011 |  | 2010
Basic and Diluted Earnings: |  |  |  |  |
Net earnings attributable to NNN | $ | 142,015 |  |  | $ | 92,325 |  |  | $ | 72,997 |
Less: Series C preferred stock dividends | (1,979 | ) |  | (6,785 | ) |  | (6,785 | )
Less: Series D preferred stock dividends | (15,449 | ) |  | — |  |  | — |
Less: Excess of redemption value over carrying value of preferred shares redeemed | (3,098 | ) |  | — |  |  | — |
Net earnings attributable to common stockholders | 121,489 |  |  | 85,540 |  |  | 66,212 |
Less: Earnings attributable to unvested restricted shares | (741 | ) |  | (622 | ) |  | (299 | )
Net earnings used in basic earnings per share | 120,748 |  |  | 84,918 |  |  | 65,913 |
Reallocated undistributed income (loss) | (5 | ) |  | (2 | ) |  | — |
Net earnings used in diluted earnings per share | $ | 120,743 |  |  | $ | 84,916 |  |  | $ | 65,913 |
Basic and Diluted Weighted Average Shares Outstanding: |  |  |  |  |
Weighted average number of shares outstanding | 107,873,577 |  |  | 88,972,723 |  |  | 83,320,921 |
Less: Unvested restricted stock | (654,127 | ) |  | (630,102 | ) |  | (605,276 | )
Less: Contingent shares | (254,294 | ) |  | (242,545 | ) |  | — |
Weighted average number of shares outstanding used in basic earnings per share | 106,965,156 |  |  | 88,100,076 |  |  | 82,715,645 |
Effects of dilutive securities: |  |  |  |  |
Contingent shares | 6,333 |  |  | 66,001 |  |  | — |
Convertible debt | 1,987,842 |  |  | 512,024 |  |  | — |
Common stock options | 992 |  |  | 2,881 |  |  | 3,814 |
Directors’ deferred fee plan | 157,192 |  |  | 156,075 |  |  | 129,903 |
Weighted average number of shares outstanding used in diluted earnings per share | 109,117,515 |  |  | 88,837,057 |  |  | 82,849,362 |

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