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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Summary Of NNN's Investment Portfolio
NNN assets include: real estate assets, mortgages and notes receivable, and commercial mortgage residual interests. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (“Properties” or “Property Portfolio”). 
 
December 31, 2013
Property Portfolio:
 
Total properties
1,860

Gross leasable area (square feet)
20,402,000

States
47
Schedule of Intangible Assets and Related Amortization
Intangible assets and liabilities consisted of the following as of December 31 (in thousands):
 
 
2013
 
2012
Intangible lease assets (included in Other assets):
 
 
 
 
Value of above market in-place leases, net
 
$
11,803

 
$
6,679

Value of in-place leases, net
 
58,456

 
37,889

Intangible lease liabilities (included in Other liabilities):
 
 
 
 
Value of below market in-place leases, net
 
28,708

 
23,708
Computation Of Basic And Diluted Earnings Per Share
The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands):
 
 
2013
 
2012
 
2011
Basic and Diluted Earnings:
 
 
 
 
 
Net earnings attributable to NNN
$
160,145

 
$
142,015

 
$
92,325

Less: Series C preferred stock dividends
—

 
(1,979
)
 
(6,785
)
Less: Series D preferred stock dividends
(19,047
)
 
(15,449
)
 
—

Less: Series E preferred stock dividends
(8,876
)
 
—

 
—

Less: Excess of redemption value over carrying value of Series C preferred shares redeemed
—

 
(3,098
)
 
—

Net earnings attributable to common stockholders
132,222

 
121,489

 
85,540

Less: Earnings attributable to unvested restricted shares
(503
)
 
(741
)
 
(622
)
Net earnings used in basic and diluted earnings per share
$
131,719

 
$
120,748

 
$
84,918

 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
Weighted average number of shares outstanding
118,969,771

 
107,873,577

 
88,972,723

Less: Unvested restricted shares
(448,590
)
 
(654,127
)
 
(630,102
)
Less: Unvested contingent shares
(317,033
)
 
(254,294
)
 
(242,545
)
Weighted average number of shares outstanding used in basic earnings per share
118,204,148

 
106,965,156

 
88,100,076

Effects of dilutive securities:
 
 
 
 
 
Convertible debt
1,468,559

 
1,987,842

 
512,024

Other
192,117

 
164,517

 
224,957

Weighted average number of shares outstanding used in diluted earnings per share
119,864,824

 
109,117,515

 
88,837,057
Changes in accumulated other comprehensive income
The following table outlines the changes in accumulated other comprehensive income (dollars in thousands):
 
Gain or Loss on Cash Flow Hedges (1)
 
Unrealized Gains and Losses on Commercial Mortgage Residual Interests (2)
 
Unrealized Gains and Losses on Available-for-Sale Securities
 
Total
 
Beginning balance, December 31, 2011
$
(5,924
)
 
$
2,112

 
$
(18
)
 
$
(3,830
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
—

 
1,132

 
85

 
1,217

 
Reclassifications from accumulated other comprehensive income to net earnings
231

 
—

 
—

 
231

(3) 
Net current period other comprehensive income (loss)
231

 
1,132

 
85

 
1,448

 
Ending balance, December 31, 2012
(5,693
)
 
3,244

 
67

 
(2,382
)
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
(3,141
)
 
511

 
69

 
(2,561
)
 
Reclassifications from accumulated other comprehensive income to net earnings
438

 
—

 
—

 
438

(3) 
Net current period other comprehensive income (loss)
(2,703
)
 
511

 
69

 
(2,123
)
 
Ending balance, December 31, 2013
$
(8,396
)
 
$
3,755

 
$
136

 
$
(4,505
)
 
1) Additional disclosure is included in Note 16 – Derivatives.
2) Additional disclosure is included in Note 5 – Commercial Mortgage Residual Interests.
3) Reclassifications out of other comprehensive income are recorded in Interest Expense on the Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.