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Condensed Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental income from operating leases $ 73,625 $ 57,007
Earned income from direct financing leases 628 740
Percentage rent 111 115
Real estate expense reimbursement from tenants 2,832 2,280
Interest and other income from real estate transactions 707 620
Interest income on commercial mortgage residual interests 755 767
Total revenues 78,658 61,529
Retail operations:    
Revenues 11,224 8,850
Operating expenses (11,062) (8,852)
Net 162 (2)
Operating expenses:    
General and administrative 7,603 6,657
Real estate 4,612 3,652
Depreciation and amortization 18,117 13,428
Impairment - commercial mortgage residual interests valuation 0 129
Total operating expenses 30,332 23,866
Earnings from operations 48,488 37,661
Other expenses (revenues):    
Interest and other income (386) (342)
Interest expense 19,645 17,662
Total other expenses (revenues) 19,259 17,320
Earnings from continuing operations before income tax (expense) benefit and equity in earnings of unconsolidated affiliate 29,229 20,341
Income tax (expense) benefit (97) 19
Equity in earnings of unconsolidated affiliate 150 109
Earnings from continuing operations 29,282 20,469
Earnings from discontinued operations, net of income tax expense (Note 6) 542 384
Earnings including noncontrolling interests 29,824 20,853
Loss (earnings) attributable to noncontrolling interests:    
Continuing operations 20 26
Discontinued operations (12) (59)
Net loss (income) attributable to noncontrolling interest 8 (33)
Net earnings attributable to NNN 29,832 20,820
Series C preferred stock dividends (1,979) [1] (1,696) [1]
Excess of redemption value over carrying value of preferred shares redeemed (3,098) 0
Net earnings attributable to common stockholders 24,755 19,124
Basic:    
Continuing operations $ 0.23 $ 0.23
Discontinued operations $ 0.00 $ 0.00
Net earnings $ 0.23 $ 0.23
Diluted:    
Continuing operations $ 0.22 $ 0.22
Discontinued operations $ 0.01 $ 0.01
Net earnings $ 0.23 $ 0.23
Weighted average number of common shares outstanding:    
Basic 104,840,867 83,122,731
Diluted 106,211,366 83,570,438
Other Comprehensive Income    
Net earnings attributable to NNN 29,832 20,820
Amortization Of Interest Rate Hedges 56 (43)
Fair value treasury locks 0 1,663
Unrealized gains - commerical mortgage residual interests 0 60
Stock value adjustments (1) (19)
Comprehensive income attributable to NNN $ 29,887 $ 22,481
[1] The Series C preferred stock was redeemed in March 2012. The dividends paid during the quarter ended March 31, 2012 include accumulated and unpaid dividends through the redemption date.