v3.25.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 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 June 30, 2025

 

4,889,006

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Shares of common stock

 

 

236,906

 

 

 

303,443

 

 

 

236,906

 

 

 

803,443

 

Average price per share (net)

 

$

42.48

 

 

$

41.81

 

 

$

42.12

 

 

$

41.69

 

Net proceeds

 

$

10,063

 

 

$

12,687

 

 

$

9,978

 

 

$

33,493

 

Stock issuance costs(1)

 

$

167

 

 

$

115

 

 

$

252

 

 

$

234

 

 

(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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Shares of common stock

 

 

17,316

 

 

 

14,815

 

 

 

34,092

 

 

 

34,309

 

Net proceeds

 

$

707

 

 

$

604

 

 

$

1,363

 

 

$

1,313

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Dividends

 

$

108,566

 

 

$

103,159

 

 

$

216,901

 

 

$

205,843

 

Per share

 

 

0.5800

 

 

 

0.5650

 

 

 

1.1600

 

 

 

1.1300