XML 48 R28.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Common Stock (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of ATM Program | The following table outlines NNN's ATM:
|  | 2023 ATM |  | 2020 ATM
Shelf registration statement: |  |  |  |
Effective date |  | August 2023 |  | August 2020
Termination date |  | August 2026 |  | August 2023
Total allowable shares |  | 17,500,000 |  | 17,500,000
Total shares issued as of December 31, 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 for the years ended December 31 (dollars in thousands, except per share data):
|  | 2023 |  |  | 2022 |  |  | 2021 |
Shares of common stock |  |  | 650,135 |  |  |  | 5,473,072 |  |  |  | 30,000 |
Average price per share (net) |  | $ | 43.52 |  |  | $ | 45.15 |  |  | $ | 33.65 |
Net proceeds |  | $ | 28,292 |  |  | $ | 247,129 |  |  | $ | 1,009 |
Stock issuance costs(1) |  | $ | 858 |  |  | $ | 3,761 |  |  | $ | 224 |
(1) Stock issuance costs consist primarily of underwriters' and agent's fees and commissions, and legal and accounting fees.
Schedule of Common Stock Issuances Pursuant to DRIP | The following outlines the common stock issuances pursuant to NNN's DRIP for the years ended December 31 (dollars in thousands):
|  | 2023 |  |  | 2022 |  |  | 2021 |
Shares of common stock |  |  | 76,229 |  |  |  | 70,342 |  |  |  | 62,577 |
Net proceeds |  | $ | 3,082 |  |  | $ | 3,082 |  |  | $ | 2,744 |
Schedule of Dividends Declared and Paid | 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):
|  | 2023 |  |  | 2022 |  |  | 2021 |
Dividends |  | $ | 404,458 |  |  | $ | 380,538 |  |  | $ | 367,291 |
Per share |  |  | 2.230 |  |  |  | 2.160 |  |  |  | 2.100 |

X
- Definition Schedule of At The Market Equity Program [Table Text Block] + References No definition available. + Details
Name: | nnn_ScheduleOfAtTheMarketEquityProgramTableTextBlock
Namespace Prefix: | nnn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Dividends Declared and Paid [Table Text Block] + References No definition available. + Details
Name: | nnn_ScheduleOfDividendsDeclaredAndPaidTableTextBlock
Namespace Prefix: | nnn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of sales of stock or previously unissued stock made by subsidiary or equity method investee to investors outside the consolidated group. This includes stock issued in a business combination in exchange for shares of an acquired entity. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration