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Organization And Summary Of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Summary Of NNN's Investment Portfolio
NNN's assets include: real estate, 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”). 
 
June 30, 2014
Property Portfolio:
 
Total properties
1,927

Gross leasable area (square feet)
20,751,000

States
47
Intangible Assets and Liabilities
Intangible assets and liabilities consisted of the following as of (in thousands):
 
June 30, 2014
 
December 31, 2013
Intangible lease assets (included in Other assets):
 
 
 
Value of above market in-place leases, net
$
11,892

 
$
11,803

Value of in-place leases, net
56,690

 
58,456

Intangible lease liabilities (included in Other liabilities):
 
 
 
Value of below market in-place leases, net
27,596

 
28,708
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 (dollars in thousands):
 
Quarter Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Basic and Diluted Earnings:
 
 
 
 
 
 
 
Net earnings attributable to NNN
$
45,571

 
$
37,486

 
$
88,904

 
$
71,552

Less: Series D preferred stock dividends
(4,762
)
 
(4,762
)
 
(9,523
)
 
(9,523
)
Less: Series E preferred stock dividends
(4,096
)
 
—

 
(8,194
)
 
—

Net earnings available to NNN’s common stockholders
36,713

 
32,724

 
71,187

 
62,029

Less: Earnings attributable to unvested restricted shares
(198
)
 
(130
)
 
(361
)
 
(231
)
Net earnings used in basic and diluted earnings per share
$
36,515

 
$
32,594

 
$
70,826

 
$
61,798

 
 
 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
 
 
Weighted average number of shares outstanding
123,495,650

 
118,620,837

 
122,957,186

 
116,386,249

Less: Unvested restricted stock
(489,095
)
 
(469,370
)
 
(446,439
)
 
(427,465
)
Less: Unvested contingent shares
(516,249
)
 
(338,816
)
 
(475,077
)
 
(294,889
)
Weighted average number of shares outstanding used in basic
   earnings per share
122,490,306

 
117,812,651

 
122,035,670

 
115,663,895

Effects of dilutive securities:
 
 
 
 
 
 
 
Convertible debt
—

 
2,882,355

 
—

 
2,570,706

Other
342,218

 
170,519

 
357,061

 
169,088

Weighted average number of shares outstanding used in
  diluted earnings per share
122,832,524

 
120,865,525

 
122,392,731

 
118,403,689
Schedule of AOCI
The following table outlines the changes in accumulated other comprehensive income (dollars in thousands):
 
Gain or Loss on Cash Flow Hedges (1)
 
Gains and Losses on Commercial Mortgage Residual Interests (2)
 
Gains and Losses on Available-for-Sale Securities
 
Total
Beginning balance, December 31, 2013
$
(8,396
)
 
$
3,755

 
$
136

 
$
(4,505
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
(6,312
)
 
762

 
107

 
(5,443
)
Reclassifications from accumulated other comprehensive income to net earnings
351

(3) 
163

(4) 
(16
)
(5) 
498

Net current period other comprehensive income (loss)
(5,961
)
 
925

 
91

 
(4,945
)
Ending balance, June 30, 2014
$
(14,357
)
 
$
4,680

 
$
227

 
$
(9,450
)
1) Additional disclosure is included in Note 9 – Derivatives.
2) Additional disclosure is included in Note 10 – Fair Value Measurements.
3) Reclassifications out of other comprehensive income are recorded in Interest Expense on the Condensed Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.
4) Reclassifications out of other comprehensive income are recorded in Impairment on the Condensed Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.
5) Reclassifications out of other comprehensive income are recorded in Other Income on the Condensed Consolidated Statements of Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.