Earnings From Discontinued Operations

6 Months Ended

Jun. 30, 2013

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 June 30, 2013, as discontinued operations. The following is a summary of the earnings (loss) from discontinued operations (dollars in thousands):

	Quarter Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenues:
Rental income from operating leases	$	523		$	2,089		$	1,149		$	4,293
Earned income from direct financing leases	—			24			—			54
Real estate expense reimbursement from tenants	60			55			132			199
Interest and other income from real estate transactions	31			4			36			6
	614			2,172			1,317			4,552
Operating expenses:
General and administrative	212			3			214			5
Real estate	135			178			202			527
Depreciation and amortization	61			389			148			847
Impairment losses and other charges, net of recoveries	1,008			345			2,047			317
	1,416			915			2,611			1,696
Other expenses:
Interest expense	145			185			308			369
	145			185			308			369
Earnings (loss) before gain on disposition of real estate and income tax expense	(947		)	1,072			(1,602		)	2,487
Gain on disposition of real estate	2,669			2,438			3,174			2,752
Income tax expense	(363		)	(44		)	(18		)	(62		)
Earnings from discontinued operations attributable to NNN including noncontrolling interests	1,359			3,466			1,554			5,177
Earnings attributable to noncontrolling interests	(160		)	(3		)	(216		)	(8		)
Earnings from discontinued operations attributable to NNN	$	1,199		$	3,463		$	1,338		$	5,169