XML 38 R17.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Dividends | 12 Months Ended
--- | ---
Dec. 31, 2021
Dividends [Abstract] |
Dividends | Note 9 – Dividends: The following table outlines the dividends declared and paid for NNN's common stock for the years ended December 31 (in thousands, except per share data):
|  | 2021 |  |  | 2020 |  |  | 2019 |
Dividends |  | $ | 367,291 |  |  | $ | 356,409 |  |  | $ | 333,692 |
Per share |  |  | 2.1000 |  |  |  | 2.0700 |  |  |  | 2.0300 |
On January 14, 2022, NNN declared a dividend of $0.530 per share, payable February 15, 2022, to its common stockholders of record as of January 31, 2022. The following presents the characterization for tax purposes of common stock dividends per share paid to stockholders for the years ended December 31:
|  | 2021 |  |  | 2020 |  |  | 2019 |
Ordinary dividends(1) |  | $ | 1.615753 |  |  | $ | 1.659755 |  |  | $ | 1.762899 |
Nontaxable distributions |  |  | 0.484247 |  |  |  | 0.410245 |  |  |  | 0.267101 |
|  | $ | 2.100000 |  |  | $ | 2.070000 |  |  | $ | 2.030000 |
(1) Eligible for the 20% qualified business income deduction under section 199A of the Code. The following presents the dividends declared and paid to stockholders for NNN's preferred stock for the years ended December 31 (dollars in thousands, except per share data):
|  | Series F(1) |  |  | Series E(2) |
|  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2019 |
Dividends |  | $ | 14,999 |  |  | $ | 17,940 |  |  | $ | 17,940 |  |  | $ | 13,201 |
Per share(3) |  |  | 1.086944 |  |  |  | 1.3000 |  |  |  | 1.3000 |  |  |  | 1.147917 |
(1) The Series F Preferred Stock was redeemed in October 2021. The dividends paid in 2021 include accumulated and unpaid dividends through, but not including, the redemption date. (2) The Series E preferred stock was redeemed in October 2019. The dividends paid in 2019 include accumulated and unpaid dividends through, but not including, the redemption date. (3) 100% of preferred stock dividends were characterized as ordinary dividends for tax purposes, eligible for the 20% qualified business income deduction under section 199A of the Code.

X
- Definition Disclosure relating to common and preferred dividends including schedule of characterization for tax purposes, dividends declared and paid and any other information related to dividends. + References No definition available. + Details
Name: | nnn_DividendsTextBlock
Namespace Prefix: | nnn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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