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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Stockholders' Equity | Stockholders' Equity: In February 2018, 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. In September 2019, NNN filed a prospectus supplement to the prospectus contained in its February 2018 shelf registration statement and issued 7,000,000 shares of common stock at a price of $56.50 per share and received net proceeds of $379,410,000. In connection with this offering, NNN incurred stock issuance costs totaling approximately $16,090,000, consisting primarily of underwriters' fees and commissions, legal and accounting fees and printing expenses. Dividend Reinvestment and Stock Purchase Plan – In February 2018, 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 10,000,000 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,
| 2019 |  | 2018
Shares of common stock | 309,127 |  |  | 225,481 |
Net proceeds | $ | 16,481 |  |  | $ | 9,115 |
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 program:
| 2018 ATM
Established date | February 2018 |
Termination date | February 2021 |
Total allowable shares | 12,000,000 |
Total shares issued as of September 30, 2019 | 9,722,185 |
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,
| 2019 |  | 2018
Shares of common stock | 2,344,022 |  |  | 4,896,563 |
Average price per share (net) | $ | 53.73 |  |  | $ | 42.60 |
Net proceeds | $ | 125,946 |  |  | $ | 208,579 |
Stock issuance costs (1) | $ | 1,390 |  |  | $ | 2,792 |
(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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Series E preferred stock(1): |  |  |  |  |  |  |
Dividends | $ | 4,097 |  |  | $ | 4,097 |  |  | $ | 12,291 |  |  | $ | 12,291 |
Per depositary share | 0.356250 |  |  | 0.356250 |  |  | 1.068750 |  |  | 1.068750 |
Series F preferred stock(2): |  |  |  |  |  |  |
Dividends | 4,485 |  |  | 4,485 |  |  | 13,455 |  |  | 13,455 |
Per depositary share | 0.325000 |  |  | 0.325000 |  |  | 0.975000 |  |  | 0.975000 |
Common stock: |  |  |  |  |  |  |
Dividends | 83,935 |  |  | 78,253 |  |  | 245,574 |  |  | 223,836 |
Per share | 0.515 |  |  | 0.500 |  |  | 1.515 |  |  | 1.450 |
(1) In September 2019, NNN called for redemption of all outstanding shares of its 5.700% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"), including all accrued and unpaid dividends through, but not including, the redemption date, on October 5, 2019. (2) The 5.200% Series F Cumulative Redeemable Preferred Stock (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. In October 2019, NNN declared a dividend of $0.515 per share, which is payable in November 2019 to its common stockholders of record as of October 31, 2019.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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