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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2023 |  |  | 7,722,511 |
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):
|  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Shares of common stock |  |  | 650,135 |  |  |  | 717,473 |
Average price per share (net) |  | $ | 43.98 |  |  | $ | 43.23 |
Net proceeds |  | $ | 28,592 |  |  | $ | 31,018 |
Stock issuance costs(1) |  | $ | 558 |  |  | $ | 575 |
(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):
|  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Shares of common stock |  |  | 35,922 |  |  |  | 34,396 |
Net proceeds |  | $ | 1,615 |  |  | $ | 1,456 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Dividends |  | $ | 99,745 |  |  | $ | 92,878 |  |  | $ | 199,146 |  |  | $ | 185,629 |
Per share |  |  | 0.550 |  |  |  | 0.530 |  |  |  | 1.100 |  |  |  | 1.060 |

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