Earnings From Discontinued Operations

9 Months Ended

Sep. 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 September 30, 2012, as discontinued operations. The following is a summary of the earnings from discontinued operations (dollars in thousands):

	Quarter Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues:
Rental income from operating leases	$	1,011		$	2,163		$	4,072		$	5,547
Earned income from direct financing leases	—			19			6			59
Interest and other income from real estate transactions	138			144			417			514
	1,149			2,326			4,495			6,120
Operating expenses:
General and administrative	3			4			11			11
Real estate	269			283			785			929
Depreciation and amortization	78			248			525			766
Impairment losses and other charges	1,402			431			1,747			431
	1,752			966			3,068			2,137
Other expenses:
Interest expense	356			345			1,072			1,025
	356			345			1,072			1,025
Earnings (loss) before gain on disposition of real estate and   income tax expense	(959		)	1,015			355			2,958
Gain on disposition of real estate	1,694			8			4,446			140
Income tax expense	(25		)	(45		)	(122		)	(162		)
Earnings from discontinued operations attributable to NNN	710			978			4,679			2,936
Loss (earnings) attributable to noncontrolling interests	(7		)	4			(24		)	(89		)
Earnings from discontinued operations attributable to NNN	$	703		$	982		$	4,655		$	2,847