XML 41 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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):
 
Six Months Ended June 30,
 
2015
 
2014
Shares of common stock
82,271

 
290,399

Net proceeds
$
3,019

 
$
9,814

Schedule of ATM Program
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 June 30, 2015
1,910,873

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):
 
Six Months Ended June 30,
 
2015
 
2014
 
2015 ATM
 
2013 ATM
 
2013 ATM
Shares of common stock
1,910,873

 
214,000

 
1,861,206

Average price per share (net)
$
39.70

 
$
39.84

 
$
35.21

Net proceeds
$
75,857

 
$
8,525

 
$
65,526

Stock issuance costs(1)
$
1,312

 
$
130

 
$
1,065

(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):
 
Six Months Ended June 30,
 
2015
 
2014
Series D preferred stock(1):
 
 
 
Dividends
$
9,523

 
$
9,523

Per depositary share
0.828125

 
0.828125

 
 
 
 
Series E preferred stock(1):
 
 
 
Dividends
8,194

 
8,194

Per depositary share
0.712500

 
0.712500

 
 
 
 
Common stock:
 
 
 
Dividends
111,400

 
98,958

Per share
0.840

 
0.810

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