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Organization And Summary Of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2012
Accounting Policies [Abstract]  
Summary Of NNN's Investment Portfolio
NNN assets include: real estate assets, mortgages and notes receivable, and commercial mortgage residual interests. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (“Properties” or “Property Portfolio”). 
    
 
March 31, 2012
Property Portfolio:
 
Total properties
1,486

Gross leasable area (square feet)
16,999,000

States
47
Schedule of Finite-lived Intangible Lease Assets and Related Amortization [Table Text Block]
Intangible assets and liabilities consisted of the following as of (in thousands):
 
 
March 31, 2012
 
December 31, 2011
Intangible Lease Assets (included in Other assets):
 
 
 
 
Value of above market in-place leases, net
 
$
8,596

 
$
8,503

Value of in-place leases, net
 
45,659

 
43,880

Intangible Lease Liabilities (included in Other Liabilities):
 
 
 
 
Value of below market in-place leases, net
 
29,344

 
29,267
Computation Of Basic And Diluted Earnings Per Share
The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the quarter ended March 31 (dollars in thousands):
 
 
2012
 
2011
Basic and Diluted Earnings:
 
 
 
Net earnings attributable to NNN
$
29,832

 
$
20,820

Less: Series C preferred stock dividends
(1,979
)
 
(1,696
)
Less: Excess of redemption value over carrying value of preferred shares redeemed
(3,098
)
 
—

Net earnings available to NNN’s common stockholders
24,755

 
19,124

Less: Earnings attributable to unvested restricted shares
(566
)
 
(134
)
Net earnings used in basic earnings per share
24,189

 
18,990

Reallocated undistributed income (loss)
—

 
—

Net earnings used in diluted earnings per share
$
24,189

 
$
18,990

 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
Weighted average number of shares outstanding
105,635,630

 
83,955,295

Less: Unvested restricted stock
(568,163
)
 
(580,738
)
Less: Contingent shares
(226,600
)
 
(251,826
)
Weighted average number of shares outstanding used in basic earnings per share
104,840,867

 
83,122,731

Effects of dilutive securities:
 
 
 
Contingent shares
25,471

 
—

Convertible debt
1,192,706

 
298,241

Common stock options
2,286

 
3,276

Directors’ deferred fee plan
150,036

 
146,190

Weighted average number of shares outstanding used in diluted earnings per share
106,211,366

 
83,570,438