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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Series C Depositary Share [Member]
Sep. 30, 2011
Series C Depositary Share [Member]
Sep. 30, 2012
Series D Depositary Share [Member]
Sep. 30, 2011
Series D Depositary Share [Member]
Cash flows from operating activities:            
Earnings including noncontrolling interests $ 101,290 $ 64,731        
Adjustments to reconcile net earnings to net cash provided by operating activities:            
Performance incentive plan expense 7,010 5,057        
Depreciation and amortization 54,926 42,802        
Impairment losses and other charges 9,043 431        
Impairment - commercial mortgage residual interests valuation 2,718 396        
Amortization of notes payable discount 3,641 5,032        
Amortization of debt costs 2,506 0        
Amortization of mortgages payable premium (14) 0        
Amortization of deferred interest rate hedges 171 (47)        
Equity in earnings of unconsolidated affiliate (4,074) (321)        
Distributions received from unconsolidated affiliate 7,019 432        
Gain on disposition of real estate portfolio (4,446) (140)        
Gain on note receivable and property foreclosure (198) 0        
Other 0 266        
Change in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:            
Additions to held for sale real estate (4,941) (790)        
Proceeds from disposition of held for sale real estate 0 1,058        
Decrease in real estate leased to others using the direct financing method 1,222 1,191        
Increase in work in process (1,225) (856)        
Decrease in mortgages, notes and accrued interest receivable 37 170        
Decrease in receivables 1,014 1,734        
Decrease (increase) in commercial mortgage residual interests 286 (204)        
Decrease (increase) in accrued rental income (695) 93        
Decrease in other assets 1,365 571        
Increase in accrued interest payable 7,004 15,029        
Increase (decrease) in other liabilities (4,893) 1,548        
Increase (decrease) in current tax liability (7,192) 962        
Net cash provided by operating activities 171,574 139,145        
Cash flows from investing activities:            
Proceeds from the disposition of real estate, Investment Portfolio 32,371 8,138        
Additions to real estate:            
Accounted for using the operating method (414,843) (434,532)        
Accounted for using the direct financing method 0 (1,747)        
Increase in mortgages and notes receivable (8,768) (5,706)        
Principal payments on mortgages and notes receivable 10,668 4,938        
Payment of lease costs (1,583) (862)        
Return of investment from unconsolidated affiliate 1,220 0        
Other (313) (2,191)        
Net cash used in investing activities (381,248) (431,962)        
Cash flows from financing activities:            
Proceeds from line of credit payable 685,900 504,800        
Repayment of line of credit payable (751,500) (665,800)        
Payment of interest rate hedge 0 (5,300)        
Proceeds from notes payable 320,011 295,731        
Repayment of notes payable (50,000) 0        
Payment of debt costs (2,992) (5,464)        
Repayment of mortgages payable (19,134) (816)        
Proceeds from issuance of common stock 119,259 299,528        
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) (5,089) (10,688) 0
Payment of common stock dividends (124,139) (96,915)        
Noncontrolling interest distributions 0 (45)        
Noncontrolling interest contributions 0 41        
Stock issuance costs (11,200) (10,224)        
Net cash provided by financing activities 349,038 310,447        
Net increase in cash and cash equivalents 139,364 17,630        
Cash and cash equivalents at beginning of year 2,082 2,048        
Cash and cash equivalents at end of year 141,446 19,678        
Supplemental disclosure of cash flow information:            
Interest paid, net of amount capitalized 50,872 37,117        
Taxes paid (received) 125 (541)        
Supplemental disclosure of non-cash investing and financing activities:            
Issued 396,577 and 141,351 shares of restricted and unrestricted common stock in 2012 and 2011, respectively, pursuant to NNN's performance incentive plan 8,576 3,456        
Issued 12,373 and 6,975 shares of common stock in 2012 and 2011, respectively, to directors pursuant to NNN’s performance incentive plan 346 177        
Issued 14,836 and 19,962 shares of common stock in 2012 and 2011, respectively, pursuant to NNN’s Deferred Director Fee Plan 223 338        
Surrender of 4,712 and of 5,215 shares of restricted common stock in 2012 and 2011, respectively 113 109        
Change in other comprehensive income (382) (4,701)        
Change in lease classification (direct financing lease to operating lease) 757 3,407        
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