CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Revenues:
Rental income from operating leases		$ 136,493	$ 121,645
Earned income from direct financing leases		257	356
Percentage rent		548	474
Real estate expense reimbursement from tenants		3,860	3,590
Interest and other income from real estate transactions		189	463
Interest income on commercial mortgage residual interests		85	452
Total revenues		141,432	126,980
Operating expenses:
General and administrative		8,919	9,249
Real estate		5,663	4,787
Depreciation and amortization		40,143	34,655
Impairment – commercial mortgage residual interests valuation		0	220
Impairment losses – real estate and other charges, net of recoveries		1,206	572
Total operating expenses		55,931	49,483
Earnings from operations		85,501	77,497
Other expenses (revenues):
Interest and other income		(137)	(19)
Interest expense		26,614	23,586
Real estate acquisition costs		0	129
Total other expenses (revenues)		26,477	23,696
Earnings before gain on disposition of real estate		59,024	53,801
Gain on disposition of real estate		14,624	16,875
Earnings including noncontrolling interests		73,648	70,676
Loss attributable to noncontrolling interests		9	7
Net earnings attributable to NNN		73,657	70,683
Net earnings attributable to common stockholders		$ 51,622	$ 61,824
Net earnings per share of common stock:
Basic (in dollars per share)		$ 0.35	$ 0.44
Diluted (in dollars per share)		$ 0.35	$ 0.44
Weighted average number of common shares outstanding:
Basic (in shares)		146,929,678	140,840,371
Diluted (in shares)		147,279,537	141,326,003
Other comprehensive income:
Net earnings attributable to NNN		$ 73,657	$ 70,683
Amortization of interest rate hedges		447	695
Fair value forward starting swaps		(554)	0
Net loss – commercial mortgage residual interests		0	(175)
Net gain – available-for-sale securities		74	174
Comprehensive income attributable to NNN		73,624	71,377
Series D Preferred Stock
Other expenses (revenues):
Dividends	[1]	(3,598)	(4,762)
Excess of redemption value over carrying value of Series D preferred shares redeemed		(9,855)	0
Series E Preferred Stock
Other expenses (revenues):
Dividends	[2]	(4,097)	(4,097)
Series F Preferred Stock
Other expenses (revenues):
Dividends		$ (4,485)	$ 0

[1] The Series D preferred stock was redeemed in February 2017. The dividends paid during the quarter ended March 31, 2017 included accumulated and unpaid dividends through the redemption date.

[2] The Series E preferred stock has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series E Preferred Stock is May 2018.