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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of ATM Program | The following 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 June 30, 2024 |  | 803,443 |  | 7,722,511
Schedule of Common Stock Issuances Pursuant to NNN's ATM | The following table outlines the common stock issuances pursuant to NNN's ATM (dollars in thousands, except per share data):
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Shares of common stock |  |  | 803,443 |  |  |  | 650,135 |
Average price per share (net) |  | $ | 41.69 |  |  | $ | 43.98 |
Net proceeds |  | $ | 33,493 |  |  | $ | 28,592 |
Stock issuance costs(1) |  | $ | 234 |  |  | $ | 558 |
(1) | Stock issuance costs consist primarily of underwriters' and agents' fees and commissions, and legal and accounting fees.
Schedule of Common Stock Issuances Pursuant to NNN's DRIP | The following outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):
|  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
Shares of common stock |  |  | 34,309 |  |  |  | 35,922 |
Net proceeds |  | $ | 1,313 |  |  | $ | 1,615 |
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, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Dividends |  | $ | 103,159 |  |  | $ | 99,745 |  |  | $ | 205,843 |  |  | $ | 199,146 |
Per share |  |  | 0.5650 |  |  |  | 0.5500 |  |  |  | 1.1300 |  |  |  | 1.1000 |

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