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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, 2023 |  |  | 7,422,185 |
Schedule of Common Stock Issuances Pursuant to Equity Programs | The following table outlines the common stock issuances pursuant to NNN's ATM equity program for the quarter ended March 31, 2023 (dollars in thousands, except per share data):
Shares of common stock |  |  | 349,809 |
Average price per share (net) |  | $ | 45.95 |
Net proceeds |  | $ | 16,074 |
Stock issuance costs(1) |  | $ | 294 |
(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):
|  | Quarter Ended March 31, |
|  | 2023 |  |  | 2022 |
Shares of common stock |  |  | 17,760 |  |  |  | 17,571 |
Net proceeds |  | $ | 822 |  |  | $ | 748 |
Schedule of Dividends Declared and Paid | The following table outlines the dividends declared and paid for NNN's common stock (dollars in thousands, except per share data):
|  | Quarter Ended March 31, |
|  | 2023 |  |  | 2022 |
Common stock: |  |  |  |  |  |
Dividends |  | $ | 99,401 |  |  | $ | 92,751 |
Per share |  |  | 0.550 |  |  |  | 0.530 |

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