v3.22.4
Common Stock (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of ATM Program The following table outlines NNN's active ATM programs for the three years ended December 31, 2022:

 

 

 

2020 ATM

 

 

2018 ATM

 

Established date

 

August 2020

 

 

February 2018

 

Termination date

 

August 2023

 

 

August 2020

 

Total allowable shares

 

 

17,500,000

 

 

 

12,000,000

 

Total shares issued as of December 31, 2022

 

 

7,072,376

 

 

 

11,272,034

 

Schedule of Common Stock Issuances Pursuant to Equity Programs

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the years ended December 31 (dollars in thousands, except per share data):

 

 

 

2022

 

 

2021

 

 

2020

 

Shares of common stock

 

 

5,473,072

 

 

 

30,000

 

 

 

3,119,153

 

Average price per share (net)

 

$

45.15

 

 

$

33.65

 

 

$

38.21

 

Net proceeds

 

$

247,129

 

 

$

1,009

 

 

$

119,185

 

Stock issuance costs(1)

 

$

3,761

 

 

$

224

 

 

$

2,130

 

(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 the DRIP for the year ended December 31 (dollars in thousands):

 

 

 

2022

 

 

2021

 

 

2020

 

Shares of common stock

 

 

70,342

 

 

 

62,577

 

 

 

138,507

 

Net proceeds

 

$

3,082

 

 

$

2,744

 

 

$

5,092

 

 

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):

 

 

 

2022

 

 

2021

 

 

2020

 

Dividends

 

$

380,538

 

 

$

367,291

 

 

$

356,409

 

Per share

 

 

2.1600

 

 

 

2.1000

 

 

 

2.0700