Common Stock (Tables)

12 Months Ended

Dec. 31, 2018

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):

	2018		2017		2016
Shares of common stock	311,048		229,696		187,626
Net proceeds	$	13,264	$	9,391	$	8,340

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:

	2018 ATM	2016 ATM	2015 ATM
Established date	February 2018	March 2016	February 2015
Termination date	February 2021	February 2018	March 2016
Total allowable shares	12,000,000	12,000,000	10,000,000
Total shares issued as of December 31, 2018	7,378,163	10,044,656	9,852,465

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs (dollars in thousands, except per share data):

	Year Ended December 31,
	2018		2017		2016
Shares of common stock	7,378,163		5,821,366		5,716,222
Average price per share (net)	$	44.48	$	41.88	$	46.48
Net proceeds	$	328,196	$	243,822	$	265,696
Stock issuance costs(1)	$	3,821	$	3,782	$	4,266

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