Earnings From Discontinued Operations

6 Months Ended

Jun. 30, 2012

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

Earnings From Discontinued Operations

Earnings from Discontinued Operations:

NNN classified the revenues and expenses related to properties which were sold or were held for sale as of June 30, 2012, as discontinued operations. The following is a summary of the earnings from discontinued operations (dollars in thousands):

	Quarter Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Revenues:
Rental income from operating leases	$	687		$	1,273		$	1,571		$	2,163
Earned income from direct financing leases	—			20			6			40
Interest and other income from real estate transactions	110			165			262			359
	797			1,458			1,839			2,562
Operating expenses:
General and administrative	4			3			7			7
Real estate	192			346			478			621
Depreciation and amortization	35			132			95			263
Impairment losses and other charges	345			—			380			—
	576			481			960			891
Other expenses (revenues):
Interest expense	360			340			717			681
	360			340			717			681
Earnings before gain on disposition of real estate and income tax    expense	(139		)	637			162			990
Gain on disposition of real estate	2,438			1			2,752			132
Income tax expense	(60		)	(70		)	(97		)	(117		)
Earnings from discontinued operations attributable to NNN	2,239			568			2,817			1,005
Earnings attributable to noncontrolling interests	(5		)	(33		)	(17		)	(93		)
Earnings from discontinued operations attributable to NNN	$	2,234		$	535		$	2,800		$	912