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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 |  | 4,652,100 |  | 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):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Shares of common stock |  |  | 4,652,100 |  |  |  | 650,135 |  |  |  | 5,473,072 |
Average price per share (net) |  | $ | 45.49 |  |  | $ | 43.52 |  |  | $ | 45.15 |
Net proceeds |  | $ | 211,619 |  |  | $ | 28,292 |  |  | $ | 247,129 |
Stock issuance costs(1) |  | $ | 3,242 |  |  | $ | 858 |  |  | $ | 3,761 |
(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):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Shares of common stock |  |  | 64,654 |  |  |  | 76,229 |  |  |  | 70,342 |
Net proceeds |  | $ | 2,634 |  |  | $ | 3,082 |  |  | $ | 3,082 |
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):
|  | 2024 |  |  | 2023 |  |  | 2022 |
Dividends |  | $ | 420,239 |  |  | $ | 404,458 |  |  | $ | 380,538 |
Per share |  |  | 2.290 |  |  |  | 2.230 |  |  |  | 2.160 |

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