Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2015

Stockholders' Equity Note [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Quarter Ended March 31,
	2015		2014
Shares of common stock	31,854		184,503
Net proceeds	$	1,142	$	6,107

Schedule of ATM Program

NNN established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following outlines NNN's ATM programs:

	2015 ATM	2013 ATM	2012 ATM
Established date	February 2015	March 2013	May 2012
Termination date	February 2018	February 2015	February 2015
Total allowable shares	10,000,000	9,000,000	9,000,000
Total shares issued as of March 31, 2015	977,973	6,252,812	8,958,840

Schedule of Stock by Class

The following table outlines the common stock issuances pursuant to NNN's ATM equity program (dollars in thousands, except per share data):

	Quarter Ended March 31,
	2015				2014
	2015 ATM		2013 ATM		2013 ATM
Shares of common stock	977,973		214,000		432,000
Average price per share (net)	$	39.91	$	39.84	$	34.91
Net proceeds	$	39,031	$	8,525	$	15,080
Stock issuance costs(1)	$	712	$	130	$	265

⁽¹⁾ Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

Schedule of Dividends Declared and Paid

The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):

	Quarter Ended March 31,
	2015		2014
Series D preferred stock(1):
Dividends	$	4,762	$	4,762
Per depositary share	0.414063		0.414063
Series E preferred stock(1):
Dividends	4,097		4,097
Per depositary share	0.356250		0.356250
Common stock:
Dividends	55,314		49,273
Per share	0.420		0.405

⁽¹⁾ The Series D and E preferred stock have no maturity date and will remain outstanding unless redeemed.