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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental income from operating leases $ 147,829 $ 136,493
Earned income from direct financing leases 230 257
Percentage rent 546 548
Real estate expense reimbursement from tenants 4,158 3,860
Interest and other income from real estate transactions 73 274
Total revenues 152,836 141,432
Operating expenses:    
General and administrative 8,697 8,919
Real estate 5,862 5,663
Depreciation and amortization 44,498 40,143
Impairment losses – real estate and other charges, net of recoveries 2,248 1,206
Retirement severance costs 261 0
Total operating expenses 61,566 55,931
Earnings from operations 91,270 85,501
Other expenses (revenues):    
Interest and other income (25) (137)
Interest expense 26,602 26,614
Total other expenses (revenues) 26,577 26,477
Earnings before gain on disposition of real estate 64,693 59,024
Gain on disposition of real estate 38,596 14,624
Net earnings 103,289 73,648
Loss (earnings) attributable to noncontrolling interests (9) 9
Net earnings attributable to NNN 103,280 73,657
Net earnings attributable to common stockholders $ 94,698 $ 51,622
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.62 $ 0.35
Diluted (in dollars per share) $ 0.62 $ 0.35
Weighted average number of common shares outstanding:    
Basic (in shares) 153,041,056 146,929,678
Diluted (in shares) 153,393,383 147,279,537
Other comprehensive income:    
Net earnings attributable to NNN $ 103,280 $ 73,657
Amortization of interest rate hedges 525 447
Deferred fair value of forward starting swaps (2,164) (554)
Net gain (loss) – available-for-sale securities (132) 74
Comprehensive income attributable to NNN 101,509 73,624
Series D Preferred Stock    
Other expenses (revenues):    
Dividends 0 (3,598)
Excess of redemption value over carrying value of Series D preferred shares redeemed 0 (9,855)
Series E Preferred Stock    
Other expenses (revenues):    
Dividends (4,097) (4,097)
Series F Preferred Stock    
Other expenses (revenues):    
Dividends $ (4,485) $ (4,485)