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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Series C Depositary Share [Member]
Jun. 30, 2011
Series C Depositary Share [Member]
Jun. 30, 2012
Series D Depositary Share [Member]
Jun. 30, 2011
Series D Depositary Share [Member]
Cash flows from operating activities:            
Earnings including noncontrolling interests $ 63,299 $ 42,123        
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Performance incentive plan expense 3,889 3,297        
Depreciation and amortization 37,383 27,678        
Impairment losses and other charges 380 0        
Impairment - commercial mortgage residual interests valuation 2,718 396        
Amortization of notes payable discount 2,378 3,335        
Amortization of deferred interest rate hedges 114 (85)        
Equity in earnings of unconsolidated affiliate (305) (213)        
Distributions received from unconsolidated affiliate 362 286        
Gain on disposition of real estate portfolio (2,752) (132)        
Gain on note receivable and property foreclosure (198) 0        
Other 0 82        
Change in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:            
Additions to held for sale real estate (4,472) (212)        
Proceeds from disposition of held for sale real estate 0 1,058        
Decrease in real estate leased to others using the direct financing method 807 802        
Increase in work in process (889) (575)        
Increase in mortgages, notes and accrued interest receivable (345) (88)        
Decrease in receivables 633 998        
Decrease (increase) in commercial mortgage residual interests 399 (127)        
Decrease (increase) in accrued rental income (218) 149        
Decrease (increase) in other assets 487 (19)        
Decrease in accrued interest payable (668) (57)        
Decrease in other liabilities (3,490) (1,631)        
Increase in current tax liability 255 794        
Net cash provided by operating activities 99,767 77,859        
Cash flows from investing activities:            
Proceeds from the disposition of real estate, Investment Portfolio 12,024 807        
Additions to real estate:            
Accounted for using the operating method (287,923) (111,673)        
Accounted for using the direct financing method 0 (1,747)        
Increase in mortgages and notes receivable (7,861) (4,090)        
Principal payments on mortgages and notes receivable 3,085 2,107        
Payment of lease costs (1,154) (672)        
Other 557 402        
Net cash used in investing activities (281,272) (114,866)        
Cash flows from financing activities:            
Proceeds from line of credit payable 614,400 328,800        
Repayment of line of credit payable (537,400) (270,600)        
Payment of interest rate hedge 0 (5,300)        
Repayment of notes payable (50,000) 0        
Payment of debt costs 0 (2,920)        
Repayment of mortgages payable (680) (541)        
Proceeds from issuance of common stock 60,319 56,391        
Proceeds from issuance of preferred stock 287,500 0        
Redemption of preferred stock (92,000) 0        
Payment of Series C and Series D preferred stock dividends     (1,979) (3,392) (5,926) 0
Payment of common stock dividends (81,511) (63,887)        
Noncontrolling interest distributions 0 (45)        
Noncontrolling interest contributions 0 41        
Stock issuance costs (10,393) 0        
Net cash provided by financing activities 182,330 38,547        
Net increase in cash and cash equivalents 825 1,540        
Cash and cash equivalents at beginning of year 2,082 2,048        
Cash and cash equivalents at end of year 2,907 3,588        
Supplemental disclosure of cash flow information:            
Interest paid, net of amount capitalized 38,800 33,230        
Taxes paid (received) 78 (487)        
Supplemental disclosure of non-cash investing and financing activities:            
Issued 396,577 and 139,351 shares of restricted and unrestricted common stock in 2012 and 2011, respectively, pursuant to NNN's performance incentive plan 8,576 3,407        
Issued 8,389 and 4,623 shares of common stock in 2012 and 2011, respectively, to directors pursuant to NNN's performance incentive plan 229 118        
Issued 10,247 and 13,879 shares of common stock in 2012 and 2011, respectively, pursuant to NNN's Deferred Director Fee Plan 149 245        
Surrender of 4,178 and 4,494 shares of restricted stock in 2012 and 2011, respectively 98 94        
Change in other comprehensive income (326) (4,730)        
Change in lease classification (direct financing lease to operating lease) 757 2,243        
Mortgage payable assumed in connection with real estate transaction 6,634 0        
Real estate acquired in connection with mortgage receivable foreclosure 490 0        
Real estate received in note receivable foreclosure $ 1,595 $ 0