XML 38 R18.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Organization and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Accounting Policies [Abstract] |
Summary Of NNN's Investment Portfolio | NNN's assets include: real estate, 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", "Property Portfolio", or individually a "Property").
| March 31, 2015
Property Portfolio: |
Total properties | 2,104 |
Gross leasable area (square feet) | 23,146,000 |
States | 47 |
Weighted average remaining lease term (years) | 11.5 |
Intangible Assets and Liabilities | Intangible assets and liabilities consisted of the following as of (dollars in thousands):
| March 31, 2015 |  | December 31, 2014
Intangible lease assets (included in Other assets): |  |  |
Value of above market in-place leases, net | $ | 11,937 |  |  | $ | 11,751 |
Value of in-place leases, net | 68,118 |  |  | 65,770 |
Intangible lease liabilities (included in Other liabilities): |  |  |
Value of below market in-place leases, net | 28,522 |  |  | 29,162 |
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 (dollars in thousands):
| Quarter Ended March 31,
| 2015 |  | 2014
Basic and Diluted Earnings: |  |  |
Net earnings attributable to NNN | $ | 53,978 |  |  | $ | 43,333 |
Less: Series D preferred stock dividends | (4,762 | ) |  | (4,762 | )
Less: Series E preferred stock dividends | (4,097 | ) |  | (4,097 | )
Net earnings available to NNN’s common stockholders | 45,119 |  |  | 34,474 |
Less: Earnings allocated to unvested restricted shares | (163 | ) |  | (163 | )
Net earnings used in basic and diluted earnings per share | $ | 44,956 |  |  | $ | 34,311 |
Basic and Diluted Weighted Average Shares Outstanding: |  |  |
Weighted average number of shares outstanding | 132,453,638 |  |  | 122,412,739 |
Less: Unvested restricted stock | (388,331 | ) |  | (403,309 | )
Less: Unvested contingent shares | (400,049 | ) |  | (433,447 | )
Weighted average number of shares outstanding used in basic earnings per share | 131,665,258 |  |  | 121,575,983 |
Other dilutive securities | 444,707 |  |  | 290,968 |
Weighted average number of shares outstanding used in diluted earnings per share | 132,109,965 |  |  | 121,866,951 |
Schedule of AOCI | The following table outlines the changes in accumulated other comprehensive income (dollars in thousands):
| Gains or Losses on Cash Flow Hedges (1) |  | Gains and Losses on Commercial Mortgage Residual Interests (2) |  | Gains and Losses on Available-for-Sale Securities |  | Total
Beginning balance, December 31, 2014 | $ | (13,579 | ) |  | $ | 4,793 |  |  | $ | 128 |  |  | $ | (8,658 | )
Other comprehensive income (loss) | — |  |  | (346 | ) |  | 73 |  |  | (273 | )
Reclassifications from accumulated other comprehensive income to net earnings | 414 |  | (3) | — |  |  | — |  |  | 414 |
Net current period other comprehensive income (loss) | 414 |  |  | (346 | ) |  | 73 |  |  | 141 |
Ending balance, March 31, 2015 | $ | (13,165 | ) |  | $ | 4,447 |  |  | $ | 201 |  |  | $ | (8,517 | )
(1) Additional disclosure is included in Note 7 – Derivatives. (2) Additional disclosure is included in Note 8 – Fair Value Measurements. (3) Reclassifications out of other comprehensive income are recorded in Interest Expense on the Condensed Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.

X
- Definition Represents the calculation of the numerator and denominator used in basic and diluted earnings per share calculation. + References No definition available. + Details
Name: | nnn_ScheduleOfComputationOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | nnn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Finite-lived Intangible Lease Assets and Related Amortization [Table Text Block] + References No definition available. + Details
Name: | nnn_ScheduleOfFiniteLivedIntangibleLeaseAssetsAndRelatedAmortizationTableTextBlock
Namespace Prefix: | nnn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of number of Investment Property Holdings and gross leasable area and number of states located + References No definition available. + Details
Name: | nnn_ScheduleOfInvestmentPropertiesTableTextBlock
Namespace Prefix: | nnn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration