Earnings From Discontinued Operations

12 Months Ended

Dec. 31, 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 generated revenue and were sold or generated revenue and were held for sale as of December 31, 2013, as discontinued operations. The following is a summary of the earnings from discontinued operations for each of the years ended December 31 (dollars in thousands):

	2013			2012			2011
Revenues:
Rental income from operating leases	$	2,631		$	7,342		$	10,520
Earned income from direct financing leases	190			324			420
Percentage rent	1			27			27
Real estate expense reimbursement from tenants	327			383			466
Interest and other income from real estate transactions	37			17			62
	3,186			8,093			11,495
Operating expenses:
General and administrative	219			20			41
Real estate	600			1,026			1,041
Depreciation and amortization	371			1,480			1,957
Impairment losses and other charges	2,149			7,026			431
	3,339			9,552			3,470
Other expenses (revenues):
Interest expense	580			732			695
	580			732			695
Earnings (loss) before gain on disposition of real estate and income tax expense	(733		)	(2,191		)	7,330
Gain on disposition of real estate	6,272			10,956			424
Income tax expense	(467		)	(56		)	(78		)
Earnings from discontinued operations attributable to NNN including noncontrolling interests	5,072			8,709			7,676
Earnings attributable to noncontrolling interests	(226		)	(29		)	(100		)
Earnings from discontinued operations attributable to NNN	$	4,846		$	8,680		$	7,576