Earnings From Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2012

Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following is a summary of the earnings from discontinued operations quarter ended March 31 (dollars in thousands):

	2012			2011
Revenues:
Rental income from operating leases	$	826		$	831
Earned income from direct financing leases	6			20
Interest and other income from real estate transactions	124			194
	956			1,045
Operating expenses:
General and administrative	4			4
Real estate	244			279
Depreciation and amortization	51			123
Impairment losses and other charges	35			—
	334			406
Other expenses (revenues):
Interest expense	357			340
	357			340
Earnings before gain on disposition of real estate and income tax expense	265			299
Gain on disposition of real estate	314			132
Income tax expense	(37		)	(47		)
Earnings from discontinued operations attributable to NNN	542			384
Earnings attributable to noncontrolling interests	(12		)	(59		)
Earnings from discontinued operations attributable to NNN	$	530		$	325