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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of Stock Issuance

The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Quarter Ended March 31,
	2018				2017
Shares of common stock	44,659				16,320
Net proceeds	$	1,491			$	714

Schedule of ATM Program

The following outlines NNN's ATM programs:

	2018 ATM		2016 ATM
Established date	February 2018		March 2016
Termination date	February 2021		February 2018
Total allowable shares	12,000,000		12,000,000
Total shares issued as of March 31, 2018	—		10,044,656

Schedule of Stock by Class

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the quarter ended March 31, 2017 (dollars in thousands, except per share data):

Shares of common stock	1,087,355
Average price per share (net)	$	43.92
Net proceeds	$	47,757
Stock issuance costs(1)	$	743
(1)   Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

Schedule of Dividends Declared and Paid

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 March 31,
	2018				2017
Series D preferred stock(1):
Dividends	$	—			$	3,598
Per depositary share	—				0.312847
Series E preferred stock(2):
Dividends	4,097				4,097
Per depositary share	0.356250				0.356250
Series F preferred stock(3):
Dividends	4,485				4,485
Per depositary share	0.325000				0.325000
Common stock:
Dividends	72,733				66,781
Per share	0.475				0.455

⁽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 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.

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Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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