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Condensed Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Rental income from operating leases $ 99,055 $ 87,597
Earned income from direct financing leases 443 508
Percentage rent 90 371
Real estate expense reimbursement from tenants 3,232 2,998
Interest and other income from real estate transactions 792 384
Interest income on commercial mortgage residual interests 452 606
Total revenues 104,064 92,464
Operating expenses:    
General and administrative 8,915 8,264
Real estate 4,340 3,964
Depreciation and amortization 28,012 23,716
Impairment – commercial mortgage residual interests valuation 158 0
Impairment charges 396 2,851
Total operating expenses 41,821 38,795
Earnings from operations 62,243 53,669
Other expenses (revenues):    
Interest and other income (63) (334)
Interest expense 20,278 21,960
Total other expenses (revenues) 20,215 21,626
Earnings from continuing operations before income tax benefit 42,028 32,043
Income tax benefit 93 830
Earnings from continuing operations 42,121 32,873
Earnings (loss) from discontinued operations, net of income tax expense (36) 1,030
Earnings before gain on disposition of real estate, net of income tax expense 42,085 33,903
Gain on disposition of real estate, net of income tax expense 1,756 0
Earnings including noncontrolling interests 43,841 33,903
Loss (earnings) attributable to noncontrolling interests:    
Continuing operations (508) 167
Discontinued operations 0 (4)
Net loss (income) attributable to noncontrolling interest (508) 163
Net earnings attributable to NNN 43,333 34,066
Net earnings attributable to common stockholders 34,474 29,304
Basic:    
Continuing operations (in dollars per share) $ 0.28 $ 0.25
Discontinued operations (in dollars per share) $ 0.00 $ 0.01
Net earnings (in dollars per share) $ 0.28 $ 0.26
Diluted:    
Continuing operations (in dollars per share) $ 0.28 $ 0.24
Discontinued operations (in dollars per share) $ 0.00 $ 0.01
Net earnings (in dollars per share) $ 0.28 $ 0.25
Weighted average number of common shares outstanding:    
Basic (in shares) 121,575,983 113,491,101
Diluted (in shares) 121,866,951 115,850,253
Other comprehensive income:    
Net earnings attributable to NNN 43,333 34,066
Amortization of interest rate hedges 135 60
Fair value forward starting swaps (3,373) (1,144)
Unrealized gain – commercial mortgage residual interests 684 869
Stock value adjustments 115 81
Reclassification of noncontrolling interests 0 949
Comprehensive income attributable to NNN 40,894 34,881
Series D Depositary Share
   
Loss (earnings) attributable to noncontrolling interests:    
Preferred stock dividends (4,762) [1] (4,762) [1]
Series E Depositary Share
   
Loss (earnings) attributable to noncontrolling interests:    
Preferred stock dividends $ (4,097) [1] $ 0 [1]
[1] The Series D and E preferred stock have no maturity date and will remain outstanding unless redeemed.