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Organization And Summary Of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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”). 
 
September 30, 2014
Property Portfolio:
 
Total properties
2,038

Gross leasable area (square feet)
22,125,000

States
47
Intangible Assets and Liabilities
Intangible assets and liabilities consisted of the following as of (in thousands):
 
September 30, 2014
 
December 31, 2013
Intangible lease assets (included in Other assets):
 
 
 
Value of above market in-place leases, net
$
11,699

 
$
11,803

Value of in-place leases, net
64,926

 
58,456

Intangible lease liabilities (included in Other liabilities):
 
 
 
Value of below market in-place leases, net
29,462

 
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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Basic and Diluted Earnings:
 
 
 
 
 
 
 
Net earnings attributable to NNN
$
47,940

 
$
44,352

 
$
136,844

 
$
115,904

Less: Series D preferred stock dividends
(4,762
)
 
(4,762
)
 
(14,285
)
 
(14,285
)
Less: Series E preferred stock dividends
(4,097
)
 
(4,780
)
 
(12,291
)
 
(4,780
)
Net earnings available to NNN’s common stockholders
39,081

 
34,810

 
110,268

 
96,839

Less: Earnings attributable to unvested restricted shares
(205
)
 
(135
)
 
(567
)
 
(366
)
Net earnings used in basic and diluted earnings per share
$
38,876

 
$
34,675

 
$
109,701

 
$
96,473

 
 
 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
 
 
Weighted average number of shares outstanding
125,559,410

 
121,096,076

 
123,834,126

 
117,973,443

Less: Unvested restricted stock
(489,095
)
 
(469,370
)
 
(460,814
)
 
(441,588
)
Less: Unvested contingent shares
(516,249
)
 
(338,816
)
 
(488,952
)
 
(309,692
)
Weighted average number of shares outstanding used in basic
   earnings per share
124,554,066

 
120,287,890

 
122,884,360

 
117,222,163

Effects of dilutive securities:
 
 
 
 
 
 
 
Convertible debt
—

 
768,843

 
—

 
1,963,457

Other
491,031

 
173,499

 
481,704

 
170,574

Weighted average number of shares outstanding used in
  diluted earnings per share
125,045,097

 
121,230,232

 
123,366,064

 
119,356,194
Schedule of AOCI
The following table outlines the changes in accumulated other comprehensive income (dollars in thousands):
 
Gains or Losses 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
)
 
538

 
(33
)
 
(5,807
)
Reclassifications from accumulated other comprehensive income to net earnings
736

(3) 
163

(4) 
(78
)
(5) 
821

Net current period other comprehensive income (loss)
(5,576
)
 
701

 
(111
)
 
(4,986
)
Ending balance, September 30, 2014
$
(13,972
)
 
$
4,456

 
$
25

 
$
(9,491
)
(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.