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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Schedule of ATM Program | The following outlines NNN's ATM program:
|  | 2020 ATM |
Established date |  | August 2020 |
Termination date |  | August 2023 |
Total allowable shares |  |  | 17,500,000 |
Total shares issued as of September 30, 2022 |  |  | 4,401,082 |
Schedule of Common Stock Issuances Pursuant to Equity Programs | The following table outlines the common stock issuances pursuant to NNN's ATM equity program (dollars in thousands, except per share data):
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
Shares of common stock |  |  | 2,801,778 |  |  |  | 30,000 |
Average price per share (net) |  | $ | 45.42 |  |  | $ | 35.35 |
Net proceeds |  | $ | 127,270 |  |  | $ | 1,061 |
Stock issuance costs(1) |  | $ | 1,879 |  |  | $ | 173 |
(1) | Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.
Schedule of Common Stock Issuances Pursuant to DRIP | The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
Shares of common stock |  |  | 51,567 |  |  |  | 46,666 |
Net proceeds |  | $ | 2,258 |  |  | $ | 2,012 |
Schedule of Dividends Declared and Paid | 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, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Series F preferred stock(1): |  |  |  |  |  |  |  |  |  |  |  |
Dividends |  | $ | — |  |  | $ | 4,485 |  |  | $ | — |  |  | $ | 13,455 |
Per depositary share |  |  | — |  |  |  | 0.3250 |  |  |  | — |  |  |  | 0.9750 |
Common stock: |  |  |  |  |  |  |  |  |  |  |  |
Dividends |  |  | 97,008 |  |  |  | 92,731 |  |  |  | 282,637 |  |  |  | 274,550 |
Per share |  |  | 0.5500 |  |  |  | 0.5300 |  |  |  | 1.6100 |  |  |  | 1.5700 |
(1) | The Series F preferred stock was redeemed in October 2021.

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