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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

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Tabular disclosure of share-based payment arrangement.

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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

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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.

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