Common Stock (Tables)

12 Months Ended

Dec. 31, 2016

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):

	2016		2015		2014
Shares of common stock	187,626		196,584		422,406
Net proceeds	$	8,340	$	7,182	$	14,817

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:

	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 December 31, 2016	4,223,290	9,852,465	6,252,812

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,
	2016		2015		2014
Shares of common stock	5,716,222		8,573,533		3,758,362
Average price per share (net)	$	46.48	$	37.45	$	35.90
Net proceeds	$	265,696	$	321,067	$	134,919
Stock issuance costs(1)	$	4,266	$	4,016	$	2,195

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