XML 43 R23.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
--- | ---
Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE | NNN REIT, INC. AND SUBSIDIARIES SCHEDU LE IV - MORTGAGE LOANS ON REAL ESTATE December 31, 2023 (dollars in thousands)
Description |  | Interest Rate |  | Maturity Date |  | Periodic Payment Terms |  | Prior Liens |  |  | Face Amount of Mortgages |  |  | Carrying Amount of Mortgages(c) |  |  | Principal Amount of Loans Subject to Delinquent Principal or Interest |
First mortgages on properties: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2 properties in VA |  | 7.000% |  | 3/1/2025 |  | (b) |  |  | — |  |  | $ | 3,000 |  | (d) | $ | 996 |  |  | $ | — |
|  |  |  |  |  |  |  |  |  |  | $ | 3,000 |  |  | $ | 996 |  | (a) | $ | — |
(a) The following shows the changes in the carrying amounts of mortgage loans during the years ended December 31:
|  | 2023 |  |  | 2022 |  |  | 2021 |
Beginning balance, January 1 |  | $ | 1,521 |  |  | $ | 2,011 |  |  | $ | 2,468 |
New mortgage loans |  |  | — |  |  |  | — |  |  |  | — |
Deductions during the year: |  |  |  |  |  |  |  |  |
Collections of principal |  |  | (559 | ) |  |  | (521 | ) |  |  | (486 | )
Other: credit (losses) recoveries(e) |  |  | 34 |  |  |  | 31 |  |  |  | 29 |
Foreclosures |  |  | — |  |  |  | — |  |  |  | — |
Ending balance, December 31 |  | $ | 996 |  |  | $ | 1,521 |  |  | $ | 2,011 |
(b) Principal and interest is payable at varying amounts over the life of the loan. (c) Mortgages held by NNN and its subsidiaries for federal income tax purposes for the year ended December 31, 2023, 2022 and 2021 were $1,002, $1,530 and $2,011, respectively. (d) Mortgages totaling $3,000 were accepted in connection with real estate transactions for the year ended December 31, 2020. (e) In accordance with FASB ASC Topic 326, Financial Instruments - Credit Losses, NNN recorded an allowance for an estimated expected lifetime credit loss on its mortgage receivables based on the fair value of the collateral and the historical collectability trend analysis over 15 years.

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

X
- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding 3 percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479851/948-310-S99-1 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration