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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of ATM Program | The following outlines NNN's ATM:
|  | 2023 ATM
Shelf registration statement: |  |
Effective date |  | August 2023
Termination date |  | August 2026
Total allowable shares |  | 17,500,000
Total shares issued as of March 31, 2025 |  | 4,652,100
Schedule of Common Stock Issuances Pursuant to NNN's ATM | The following table outlines the common stock issuances pursuant to NNN's ATM for the quarter ended March 31, 2024 (there were no issuances for the quarter ended March 31, 2025) (dollars in thousands, except per share data):
Shares of common stock |  |  | 500,000 |
Average price per share (net) |  | $ | 41.61 |
Net proceeds |  | $ | 20,806 |
Stock issuance costs(1) |  | $ | 119 |
(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 March 31, |
|  | 2025 |  |  | 2024 |
Shares of common stock |  |  | 16,776 |  |  |  | 19,494 |
Net proceeds |  | $ | 655 |  |  | $ | 709 |
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 March 31, |
|  | 2025 |  |  | 2024 |
Dividends |  | $ | 108,335 |  |  | $ | 102,684 |
Per share |  |  | 0.5800 |  |  |  | 0.5650 |

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