Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2014

Preferred Stock [Abstract]

Schedule of Preferred Stock

NNN completed the following underwritten public offerings of cumulative redeemable preferred stock and are still outstanding ("Preferred Stock Shares") (dollars in thousands, except per share data):

Series	Dividend Rate(1)		Issued	Depositary Shares Outstanding(2)	Gross Proceeds		Stock Issuance Costs(3)		Dividend Per Depositary Share		Earliest Redemption Date(4)
Series D	6.625	%	February 2012	11,500,000	$	287,500	$	9,855	$	1.656250	February 2017
Series E	5.700	%	May 2013	11,500,000	287,500		9,856		1.425000		May 2018

⁽¹⁾  Holders are entitled to receive, when and as authorized by the Board of Directors, cumulative preferential cash dividends.

⁽²⁾  Representing 1/100th of a preferred share. Each issuance included 1,500,000 depositary shares in connection with the underwriters' over-allotment.

⁽³⁾  Consisting primarily of underwriting commissions and fees, rating agency fees, legal and accounting fees and printing expenses.

⁽⁴⁾  NNN may redeem the preferred stock underlying the depositary shares at a redemption price of $2,500.00 per share (or $25.00 per depositary share), plus all accumulated and unpaid dividends.