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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental income from operating leases $ 565,405,000 $ 512,883,000 $ 462,346,000
Earned income from direct financing leases 978,000 1,336,000 1,506,000
Percentage rent 1,700,000 1,735,000 1,430,000
Real estate expense reimbursement from tenants 15,512,000 14,984,000 14,868,000
Interest and other income from real estate transactions 724,000 1,032,000 988,000
Interest income on commercial mortgage residual interests 614,000 1,677,000 1,778,000
Total revenues 584,933,000 533,647,000 482,916,000
Operating expenses:      
General and administrative 33,805,000 36,508,000 34,736,000
Real estate 23,105,000 20,852,000 19,776,000
Depreciation and amortization 173,720,000 149,101,000 134,798,000
Impairment – commercial mortgage residual interests valuation 0 6,830,000 531,000
Impairment losses – real estate and other charges, net of recoveries 8,955,000 11,287,000 4,420,000
Retirement severance costs 7,845,000 0 0
Total operating expenses 247,430,000 224,578,000 194,261,000
Earnings from operations 337,503,000 309,069,000 288,655,000
Other expenses (revenues):      
Interest and other income (322,000) (170,000) (109,000)
Interest expense 109,109,000 96,352,000 90,008,000
Real estate acquisition costs 0 563,000 927,000
Total other expenses (revenues) 108,787,000 96,745,000 90,826,000
Earnings from operations before income tax expense 228,716,000 212,324,000 197,829,000
Income tax expense 0 0 (10,318,000)
Earnings before gain on disposition of real estate, net of income tax expense 228,716,000 212,324,000 187,511,000
Gain on disposition of real estate, net of income tax expense 36,655,000 27,182,000 10,450,000
Net earnings 265,371,000 239,506,000 197,961,000
Earnings attributable to noncontrolling interests (398,000) (6,000) (125,000)
Net earnings attributable to NNN 264,973,000 239,500,000 197,836,000
Net earnings attributable to common stockholders $ 217,193,000 $ 200,877,000 $ 162,402,000
Net earnings per share of common stock:      
Basic (in dollars per share) $ 1.45 $ 1.39 $ 1.21
Diluted (in dollars per share) $ 1.45 $ 1.38 $ 1.20
Weighted average number of common shares outstanding:      
Basic (in shares) 149,111,188 144,176,224 133,998,674
Diluted (in shares) 149,432,641 144,660,633 134,489,416
Other comprehensive income:      
Net earnings attributable to NNN $ 264,973,000 $ 239,500,000 $ 197,836,000
Amortization of deferred interest rate hedges 1,932,000 2,802,000 1,902,000
Deferred fair value of forward starting swaps (7,688,000) 13,345,000 (13,369,000)
Net loss – commercial mortgage residual interests 0 (4,454,000) (339,000)
Net gain – available-for-sale securities 209,000 468,000 112,000
Comprehensive income attributable to NNN 259,426,000 251,661,000 186,142,000
Series D Preferred Stock      
Other expenses (revenues):      
Preferred stock dividends (3,598,000) (19,047,000) (19,047,000)
Excess of redemption value over carrying value of Series D preferred shares redeemed (9,855,000) 0 0
Series E Preferred Stock      
Other expenses (revenues):      
Preferred stock dividends (16,387,000) (16,387,000) (16,387,000)
Series F Preferred Stock      
Other expenses (revenues):      
Preferred stock dividends $ (17,940,000) $ (3,189,000) $ 0