Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of Stock Issuance

The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Six Months Ended June 30,
	2017		2016
Shares of common stock	34,466		149,543
Net proceeds	$	1,413	$	6,609

Schedule of ATM Program

The following outlines NNN's ATM programs:

	2016 ATM	2015 ATM
Established date	March 2016	February 2015
Termination date	March 2019	March 2016
Total allowable shares	12,000,000	10,000,000
Total shares issued as of June 30, 2017	5,876,445	9,852,465

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):

	Six Months Ended June 30,
	2017		2016
Shares of common stock	1,653,155		4,613,422
Average price per share (net)	$	43.64	$	45.46
Net proceeds	$	72,139	$	209,722
Stock issuance costs(1)	$	1,183	$	3,379

⁽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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Series D preferred stock(1):
Dividends	$	—	$	4,762	$	3,598	$	9,523
Per depositary share	—		0.414063		0.312847		0.828125
Series E preferred stock(2):
Dividends	4,096		4,096		8,194		8,194
Per depositary share	0.356250		0.356250		0.712500		0.712500
Series F preferred stock(3):
Dividends	4,485		—		8,970		—
Per depositary share	0.325000		—		0.650000		—
Common stock:
Dividends	67,660		62,451		134,440		123,602
Per share	0.455		0.435		0.910		0.870

⁽¹⁾ The Series D preferred stock was redeemed in February 2017. The dividends paid in 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.

⁽³⁾ The Series F preferred stock was issued in October 2016 and has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F preferred stock is October 2021.