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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental income from operating leases $ 602,131,000 $ 565,405,000 $ 512,883,000
Earned income from direct financing leases 923,000 978,000 1,336,000
Percentage rent 1,561,000 1,700,000 1,735,000
Real estate expense reimbursement from tenants 16,784,000 15,512,000 14,984,000
Interest and other income from real estate transactions 1,262,000 1,338,000 2,709,000
Total revenues 622,661,000 584,933,000 533,647,000
Operating expenses:      
General and administrative 34,248,000 33,805,000 36,508,000
Real estate 25,099,000 23,105,000 20,852,000
Depreciation and amortization 174,398,000 173,720,000 149,101,000
Impairment – commercial mortgage residual interests valuation 0 0 6,830,000
Impairment losses – real estate and other charges, net of recoveries 28,211,000 8,955,000 11,287,000
Retirement severance costs 1,013,000 7,845,000 0
Total operating expenses 262,969,000 247,430,000 224,578,000
Gain on disposition of real estate 65,070,000 36,655,000 27,182,000
Earnings from operations 424,762,000 374,158,000 336,251,000
Other expenses (revenues):      
Interest and other income (1,810,000) (322,000) (170,000)
Interest expense 115,847,000 109,109,000 96,352,000
Real estate acquisition costs 0 0 563,000
Loss on early extinguishment of debt 18,240,000 0 0
Total other expenses (revenues) 132,277,000 108,787,000 96,745,000
Net earnings 292,485,000 265,371,000 239,506,000
Earnings attributable to noncontrolling interests (38,000) (398,000) (6,000)
Net earnings attributable to NNN 292,447,000 264,973,000 239,500,000
Net earnings available to common stockholders $ 258,120,000 $ 217,193,000 $ 200,877,000
Net earnings per share of common stock:      
Basic (in dollars per share) $ 1.65 $ 1.45 $ 1.39
Diluted (in dollars per share) $ 1.65 $ 1.45 $ 1.38
Weighted average number of common shares outstanding:      
Basic (in shares) 155,744,601 149,111,188 144,176,224
Diluted (in shares) 156,295,619 149,432,641 144,660,633
Other comprehensive income:      
Net earnings attributable to NNN $ 292,447,000 $ 264,973,000 $ 239,500,000
Amortization of interest rate hedges 3,664,000 1,932,000 2,802,000
Fair value of forward starting swaps 4,080,000 (7,688,000) 13,345,000
Net loss – commercial mortgage residual interests 0 0 (4,454,000)
Net gain – available-for-sale securities 298,000 209,000 468,000
Comprehensive income attributable to NNN 300,489,000 259,426,000 251,661,000
Series D Preferred Stock      
Other expenses (revenues):      
Preferred stock dividends 0 (3,598,000) (19,047,000)
Excess of redemption value over carrying value of Series D preferred shares redeemed 0 (9,855,000) 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) $ (17,940,000) $ (3,189,000)