Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Schedule of Dividends Declared and Paid

The following table outlines the dividends declared and paid for each issuance of NNN's stock (in thousands, except per share data):

		Quarter Ended March 31,
		2013		2012
Series C preferred stock (1):
	Dividends	$	—	$	1,979
	Per share	—		0.5378
Series D preferred stock (2):
	Dividends	4,762		—
	Per share	0.4141		—
Common stock:
	Dividends	44,321		40,432
	Per share	0.395		0.385

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 has no maturity date and will remain outstanding unless redeemed.

Schedule of Stock by Class

The following outlines the common stock issuances pursuant to the 2012 ATM (dollars in thousands, except per share data):

	Quarter Ended March 31,
	2013		2012
Shares of common stock	4,616,542		—
Average price per share	$	32.56	$	—
Net proceeds	150,327		—
Stock issuance costs (1)	2,129		—

⁽¹⁾ Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Quarter Ended March 31,
	2013		2012
Shares of common stock	424,995		1,428,069
Net proceeds	$	13,822	$	37,666