Common Stock (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Schedule of Stock by Class

The following outlines the common stock issuances pursuant to the DRIP for the year ended December 31 (dollars in thousands):

	2015		2014		2013
Shares of common stock	196,584		422,406		764,891
Net proceeds	$	7,182	$	14,817	$	25,407

At The Market Offerings. NNN has 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 December 31, 2015	8,359,533	6,252,812	8,958,840

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

	Year Ended December 31,
	2015				2014		2013
	2015 ATM		2013 ATM		2013 ATM		2013 ATM		2012 ATM
Shares of common stock	8,359,533		214,000		3,758,362		2,280,450		4,676,542
Average price per share (net)	$	37.39	$	39.84	$	35.90	$	37.80	$	32.60
Net proceeds	$	312,542	$	8,525	$	134,919	$	86,208	$	152,435
Stock issuance costs(1)	$	3,886	$	130	$	2,195	$	1,613	$	2,161

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