Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Equity [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,
	2016		2015
Shares of common stock	134,150		31,854
Net proceeds	$	5,892	$	1,142

Schedule of ATM Program

The following outlines NNN's ATM programs:

	2016 ATM	2015 ATM	2013 ATM
Established date	March 2016	February 2015	March 2013
Termination date	March 2019	March 2016	February 2015
Total allowable shares	12,000,000	10,000,000	9,000,000
Total shares issued as of March 31, 2016	372,328	9,852,465	6,252,812

Schedule of Stock by Class

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

	Quarter Ended March 31,
	2016		2015
Shares of common stock	1,865,260		1,191,973
Average price per share (net)	$	44.00	$	39.90
Net proceeds	$	82,076	$	47,556
Stock issuance costs(1)	$	1,429	$	842

⁽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,
	2016		2015
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	61,151		55,314
Per share	0.435		0.420

⁽¹⁾ The Series D and E preferred stock have no maturity date and will remain outstanding unless redeemed. The earliest redemption date for the Series D and Series E preferred stock is February 2017 and May 2018, respectively.