XML 29 R21.htm IDEA: XBRL DOCUMENT
v3.25.3

Stockholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, 2025 |  | 6,544,059
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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Shares of common stock |  |  | 1,655,053 |  |  |  | 3,848,657 |  |  |  | 1,891,959 |  |  |  | 4,652,100 |
Average price per share (net) |  | $ | 42.13 |  |  | $ | 46.31 |  |  | $ | 42.13 |  |  | $ | 45.51 |
Net proceeds |  | $ | 69,736 |  |  | $ | 178,235 |  |  | $ | 79,714 |  |  | $ | 211,727 |
Stock issuance costs(1) |  | $ | 1,277 |  |  | $ | 2,899 |  |  | $ | 1,529 |  |  | $ | 3,134 |
(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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Shares of common stock |  |  | 15,684 |  |  |  | 15,043 |  |  |  | 49,776 |  |  |  | 49,352 |
Net proceeds |  | $ | 647 |  |  | $ | 675 |  |  | $ | 2,010 |  |  | $ | 1,988 |
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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Dividends |  | $ | 112,809 |  |  | $ | 106,077 |  |  | $ | 329,710 |  |  | $ | 311,920 |
Per share |  |  | 0.600 |  |  |  | 0.580 |  |  |  | 1.760 |  |  |  | 1.710 |

X
- Definition Schedule of At The Market Equity Program [Table Text Block] + References No definition available. + Details
Name: | nnn_ScheduleOfAtTheMarketEquityProgramTableTextBlock
Namespace Prefix: | nnn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Dividends Declared and Paid [Table Text Block] + References No definition available. + Details
Name: | nnn_ScheduleOfDividendsDeclaredAndPaidTableTextBlock
Namespace Prefix: | nnn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of sales of stock or previously unissued stock made by subsidiary or equity method investee to investors outside the consolidated group. This includes stock issued in a business combination in exchange for shares of an acquired entity. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration