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Consolidated Statements of Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental income from operating leases $ 311,624,000 $ 240,816,000 $ 204,627,000
Earned income from direct financing leases 2,437,000 2,709,000 2,915,000
Percentage rent 1,165,000 1,093,000 919,000
Real estate expense reimbursement from tenants 11,443,000 9,914,000 7,181,000
Interest and other income from real estate transactions 2,410,000 2,302,000 2,982,000
Interest income on commercial mortgage residual interests 2,673,000 3,105,000 3,460,000
Total revenues 331,752,000 259,939,000 222,084,000
Retail operations:      
Revenues 19,008,000 45,139,000 32,958,000
Operating expenses (18,543,000) (43,096,000) (31,647,000)
Net 465,000 2,043,000 1,311,000
Operating expenses:      
General and administrative 32,182,000 28,814,000 22,764,000
Real estate 17,069,000 16,832,000 13,177,000
Depreciation and amortization 74,140,000 56,926,000 46,887,000
Impairment – commercial mortgage residual interests valuation 2,812,000 1,024,000 3,995,000
Impairment losses and other charges, net of recoveries 8,411,000 (1,431,000) 7,458,000
Total operating expenses 134,614,000 102,165,000 94,281,000
Earnings from operations 197,603,000 159,817,000 129,114,000
Other expenses (revenues):      
Interest and other income (2,232,000) (1,511,000) (1,513,000)
Interest expense 82,502,000 74,845,000 65,179,000
Total other expenses (revenues) 80,270,000 73,334,000 63,666,000
Earnings from continuing operations before gain on disposition of real estate, income tax benefit (expense) and equity in earnings of unconsolidated affiliate 117,333,000 86,483,000 65,448,000
Gain on disposition of real estate 0 297,000 641,000
Income tax benefit (expense) 7,086,000 (779,000) (475,000)
Equity in earnings of unconsolidated affiliate 4,074,000 474,000 428,000
Earnings from continuing operations 128,493,000 86,475,000 66,042,000
Earnings from discontinued operations, net of income tax expense 13,444,000 5,941,000 7,311,000
Earnings including noncontrolling interests 141,937,000 92,416,000 73,353,000
Loss (earnings) attributable to noncontrolling interests:      
Continuing operations 129,000 (11,000) (367,000)
Discontinued operations (51,000) (80,000) 11,000
Net loss (income) attributable to noncontrolling interest 78,000 (91,000) (356,000)
Net earnings attributable to NNN 142,015,000 92,325,000 72,997,000
Preferred stock dividends   (6,785,000) (6,785,000)
Excess of redemption value over carrying value of preferred shares redeemed (3,098,000) 0 0
Net earnings attributable to common stockholders 121,489,000 85,540,000 66,212,000
Basic:      
Continuing operations (in dollars per share) $ 1.00 $ 0.90 $ 0.71
Discontinued operations (in dollars per share) $ 0.13 $ 0.06 $ 0.09
Net earnings (in dollars per share) $ 1.13 $ 0.96 $ 0.80
Diluted:      
Continuing operations (in dollars per share) $ 0.99 $ 0.89 $ 0.71
Discontinued operations (in dollars per share) $ 0.12 $ 0.07 $ 0.09
Net earnings (in dollars per share) $ 1.11 $ 0.96 $ 0.80
Weighted average number of common shares outstanding:      
Basic (in shares) 106,965,156 88,100,076 82,715,645
Diluted (in shares) 109,117,515 88,837,057 82,849,362
Other comprehensive income:      
Net earnings attributable to NNN 142,015,000 92,325,000 72,997,000
Amortization of interest rate hedges 231,000 9,000 (165,000)
Fair value treasury locks 0 (5,218,000) 0
Unrealized gain (loss) - commercial mortgage residual interests 1,132,000 (246,000) 1,272,000
Stock value adjustments 85,000 (36,000) 17,000
Noncontrolling interests 0 0 26,000
Comprehensive income attributable to NNN 143,463,000 86,834,000 74,147,000
Series C Depositary Share [Member]
     
Loss (earnings) attributable to noncontrolling interests:      
Preferred stock dividends (1,979,000) [1] (6,785,000) [1] (6,785,000) [1]
Series D Depositary Share [Member]
     
Loss (earnings) attributable to noncontrolling interests:      
Preferred stock dividends $ (15,449,000) [2] $ 0 [2] $ 0 [2]
[1] The Series C Preferred Stock was redeemed in March 2012. The dividends paid during the quarter ended March 31, 2012 include accumulated and unpaid dividends through the redemption date.
[2] The Series D Preferred Stock dividends paid during the quarter ended June 30, 2012 include accumulated and unpaid dividends from the issuance date through the declaration date. The Series D Preferred Stock has no maturity date and will remain outstanding unless redeemed.