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Organization And Summary Of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2012
Accounting Policies [Abstract]  
Summary Of NNN's Investment Portfolio
NNN's 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”). 
    
 
June 30, 2012
Property Portfolio:
 
Total properties
1,506

Gross leasable area (square feet)
17,798,000

States
47
Intangible Assets and Liabilities
Intangible assets and liabilities consisted of the following as of (in thousands):
 
 
June 30, 2012
 
December 31, 2011
Intangible lease assets (included in Other assets):
 
 
 
 
Value of above market in-place leases, net
 
$
6,999

 
$
5,907

Value of in-place leases, net
 
38,342

 
31,970

Intangible lease liabilities (included in Other liabilities):
 
 
 
 
Value of below market in-place leases, net
 
25,377

 
23,367
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 (dollars in thousands):
 
 
Quarter Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Basic and Diluted Earnings:
 
 
 
 
 
 
 
Net earnings attributable to NNN
$
33,505

 
$
21,303

 
$
63,337

 
$
42,123

Less: Series C preferred stock dividends
—

 
(1,696
)
 
(1,979
)
 
(3,392
)
Less: Series D preferred stock dividends
(5,926
)
 
—

 
(5,926
)
 
—

Less: Excess of redemption value over carrying value of preferred shares redeemed
—

 
—

 
(3,098
)
 
—

Net earnings available to NNN’s common stockholders
27,579

 
19,607

 
52,334

 
38,731

Less: Earnings attributable to unvested restricted shares
(180
)
 
(152
)
 
(312
)
 
(286
)
Net earnings used in basic earnings per share
27,399

 
19,455

 
52,022

 
38,445

Reallocated undistributed income (loss)
—

 
—

 
—

 
—

Net earnings used in diluted earnings per share
$
27,399

 
$
19,455

 
$
52,022

 
$
38,445

 
 
 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
 
 
Weighted average number of shares outstanding
107,006,399

 
85,309,082

 
106,321,014

 
84,635,929

Less: Unvested restricted stock
(696,804
)
 
(647,468
)
 
(631,329
)
 
(612,375
)
Less: Contingent shares
(317,581
)
 
(251,826
)
 
(272,090
)
 
(251,826
)
Weighted average number of shares outstanding used in basic earnings
   per share
105,992,014

 
84,409,788

 
105,417,595

 
83,771,728

Effects of dilutive securities:
 
 
 
 
 
 
 
Contingent shares
—

 
—

 
12,735

 
—

Convertible debt
1,310,445

 
160,006

 
1,259,319

 
346,699

Common stock options
1,419

 
3,162

 
1,855

 
3,305

Directors’ deferred fee plan
155,115

 
153,012

 
152,576

 
149,620

Weighted average number of shares outstanding used in diluted earnings
   per share
107,458,993

 
84,725,968

 
106,844,080

 
84,271,352