v3.25.1
Stockholders' Equity (Tables)
3 Months Ended
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