v3.22.4
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Series F Preferred Stock
Total Stockholders' Equity of NNN
Total Stockholders' Equity of NNN
Series F Preferred Stock
Preferred Stock
Series F Preferred Stock
Common Stock
Capital in Excess of Par Value
Capital in Excess of Par Value
Series F Preferred Stock
Accumulated Deficit
Accumulated Deficit
Series F Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2019 $ 4,331,682   $ 4,331,675   $ 345,000 $ 1,718 $ 4,495,314   $ (499,229)   $ (11,128) $ 7
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 228,796   228,799           228,799     (3)
Dividends declared and paid:                        
Preferred stock dividends declared and paid   $ (17,940)   $ (17,940)           $ (17,940)    
Common stock dividends declared and paid (351,544)   (351,544)     1 4,864   (356,409)      
Issuance of common stock:                        
Director compensation 1,132   1,132       1,132          
Stock purchase plan 308   308       308          
ATM equity program 121,315   121,315     31 121,284          
Restricted shares - net of forfeitures and repurchases           3 (3)          
Stock issuance costs (2,212)   (2,212)       (2,212)          
Amortization of deferred compensation 13,084   13,084       13,084          
Amortization of interest rate hedges 2,300   2,300               2,300  
Fair value of forward starting swaps (7,617)   (7,617)               (7,617)  
Ending balance at Dec. 31, 2020 4,319,304   4,319,300   345,000 1,753 4,633,771   (644,779)   (16,445) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 290,110   290,113           290,113     (3)
Dividends declared and paid:                        
Preferred stock dividends declared and paid   (14,999)   (14,999)           (14,999)    
Common stock dividends declared and paid (364,792)   (364,792)       2,499   (367,291)      
Redemption of depositary shares   $ (345,000)   $ (345,000) (345,000)     $ 10,897   $ (10,897)    
Issuance of common stock:                        
Director compensation 1,145   1,145       1,145          
Stock purchase plan 320   320       320          
ATM equity program 1,234   1,234     1 1,233          
Restricted shares - net of forfeitures and repurchases           3 (3)          
Stock issuance costs (299)   (299)       (299)          
Amortization of deferred compensation 13,151   13,151       13,151          
Amortization of interest rate hedges 3,073   3,073               3,073  
Fair value of forward starting swaps (1,584)   (1,584)               (1,584)  
Ending balance at Dec. 31, 2021 3,901,663   3,901,662   $ 0 1,757 4,662,714   (747,853)   (14,956) 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net earnings 334,621   334,626           334,626     (5)
Dividends declared and paid:                        
Common stock dividends declared and paid (377,773)   (377,773)       2,765   (380,538)      
Issuance of common stock:                        
Director compensation 1,244   1,244       1,244   0      
Stock purchase plan 317   317       317   0      
ATM equity program 250,890   250,890     55 250,835   0      
Restricted shares - net of forfeitures and repurchases           3 (3)          
Stock issuance costs (3,761)   (3,761)       (3,761)   0      
Amortization of deferred compensation 14,205   14,205       14,205   0      
Amortization of interest rate hedges 2,374   2,374               2,374  
Fair value of forward starting swaps 0                      
Other     (282)       (282)         282
Distributions to noncontrolling interests (278)                     (278)
Ending balance at Dec. 31, 2022 $ 4,123,502   $ 4,123,502     $ 1,815 $ 4,928,034   $ (793,765)   $ (12,582) $ 0