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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024 |  | 4,652,100 |  | 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):
|  | Quarter Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Shares of common stock |  |  | 3,848,657 |  |  |  | — |  |  |  | 4,652,100 |  |  |  | 650,135 |
Average price per share (net) |  | $ | 46.31 |  |  | $ | — |  |  | $ | 45.51 |  |  | $ | 43.52 |
Net proceeds |  | $ | 178,235 |  |  | $ | (300 | ) |  | $ | 211,727 |  |  | $ | 28,292 |
Stock issuance costs(1) |  | $ | 2,899 |  |  | $ | (300 | ) |  | $ | 3,134 |  |  | $ | 858 |
(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):
|  | Quarter Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Shares of common stock |  |  | 15,043 |  |  |  | 19,339 |  |  |  | 49,352 |  |  |  | 55,261 |
Net proceeds |  | $ | 675 |  |  | $ | 763 |  |  | $ | 1,988 |  |  | $ | 2,302 |
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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Dividends |  | $ | 106,077 |  |  | $ | 102,647 |  |  | $ | 311,920 |  |  | $ | 301,793 |
Per share |  |  | 0.5800 |  |  |  | 0.5650 |  |  |  | 1.7100 |  |  |  | 1.6650 |

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