XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 30, 2017
Equity [Abstract] |
Stockholders' Equity | Stockholders' Equity: In February 2015, NNN filed a shelf registration statement with the Securities and Exchange Commission (the "Commission") which permits the issuance by NNN of an indeterminate amount of debt and equity securities. Dividend Reinvestment and Stock Purchase Plan – In February 2015, NNN filed a shelf registration statement with the Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP") which permits the issuance by NNN of up to 16,000,000 shares of common stock. The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):
| Nine Months Ended September 30,
| 2017 |  | 2016
Shares of common stock | 135,721 |  |  | 164,640 |
Net proceeds | $ | 5,469 |  |  | $ | 7,376 |
At-The-Market Offerings – NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following outlines NNN's ATM programs:
| 2016 ATM | 2015 ATM
Established date | March 2016 |  | February 2015 |
Termination date | March 2019 |  | March 2016 |
Total allowable shares | 12,000,000 |  | 10,000,000 |
Total shares issued as of September 30, 2017 | 8,192,542 |  | 9,852,465 |
The following table outlines the common stock issuances pursuant to NNN's ATM equity programs (dollars in thousands, except per share data):
| Nine Months Ended September 30,
| 2017 |  | 2016
Shares of common stock | 3,969,252 |  |  | 5,716,222 |
Average price per share (net) | $ | 42.00 |  |  | $ | 46.48 |
Net proceeds | $ | 166,698 |  |  | $ | 265,696 |
Stock issuance costs(1) | $ | 2,563 |  |  | $ | 4,266 |
(1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees. Dividends – The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):
| Quarter Ended September 30, |  | Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Series D preferred stock(1): |  |  |  |  |  |  |
Dividends | $ | — |  |  | $ | 4,762 |  |  | $ | 3,598 |  |  | $ | 14,285 |
Per depositary share | — |  |  | 0.414063 |  |  | 0.312847 |  |  | 1.242188 |
Series E preferred stock(2): |  |  |  |  |  |  |
Dividends | 4,097 |  |  | 4,097 |  |  | 12,291 |  |  | 12,291 |
Per depositary share | 0.356250 |  |  | 0.356250 |  |  | 1.068750 |  |  | 1.068750 |
Series F preferred stock(3): |  |  |  |  |  |  |
Dividends | 4,485 |  |  | — |  |  | 13,455 |  |  | — |
Per depositary share | 0.325000 |  |  | — |  |  | 0.975000 |  |  | — |
Common stock: |  |  |  |  |  |  |
Dividends | 70,670 |  |  | 66,676 |  |  | 205,110 |  |  | 190,277 |
Per share | 0.475 |  |  | 0.455 |  |  | 1.385 |  |  | 1.325 |
(1) The Series D preferred stock was redeemed in February 2017. The dividends paid in 2017 included accumulated and unpaid dividends through the redemption date. (2) The Series E preferred stock has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series E Preferred Stock is May 2018. (3) The Series F preferred stock was issued in October 2016 and has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F preferred stock is October 2021. In October 2017, NNN declared a dividend of $0.475 per share, which is payable in November 2017 to its common stockholders of record as of October 31, 2017.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration