Earnings From Discontinued Operations

9 Months Ended

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

	Quarter Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Revenues:
Rental income from operating leases	$	791		$	1,606		$	1,999		$	5,796
Earned income from direct financing leases	12			37			38			121
Real estate expense reimbursement from tenants	63			124			231			323
Interest and other income from real estate transactions	1			4			37			38
	867			1,771			2,305			6,278
Operating expenses:
General and administrative	3			2			218			7
Real estate	219			305			479			846
Depreciation and amortization	148			301			297			1,204
Impairment losses and other charges, net of recoveries	(1		)	5,440			2,046			5,785
	369			6,048			3,040			7,842
Other expenses:
Interest expense	136			183			444			552
	136			183			444			552
Earnings (loss) before gain on disposition of real estate and income tax expense	362			(4,460		)	(1,179		)	(2,116		)
Gain on disposition of real estate	1,228			1,694			4,402			4,446
Income tax expense	(411		)	(37		)	(429		)	(99		)
Earnings (loss) from discontinued operations attributable to NNN including noncontrolling interests	1,179			(2,803		)	2,794			2,231
Earnings attributable to noncontrolling interests	(7		)	(2		)	(223		)	(10		)
Earnings (loss) from discontinued operations attributable to NNN	$	1,172		$	(2,805	)	$	2,571		$	2,221