Right-of-Use Assets and Operating Lease Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Operating Lease Information

As of March 31, 2019, NNN has recorded the following (dollars in thousands):

	Ground Leases			Headquarters Office Lease
Operating lease – ROU assets(1)	$	4,190		$	3,367
Operating lease – lease liabilities	(5,898		)	(4,063		)
Weighted average remaining lease term (years)	15.2			6.0
Weighted average discount rate	4.1		%	3.5		%

⁽¹⁾ 

ROU assets are shown net of accrued lease payments of $1,708 and $696, respectively.

Operating Leases - Undiscounted Cash Flows

The following is a schedule of the undiscounted cash flows to be paid as of March 31, 2019 (dollars in thousands):

	Ground Leases		Headquarters Office Lease
2019	$	364	$	572
2020	511		773
2021	520		788
2022	530		804
2023	530		821
Thereafter	5,794		1,047
	$	8,249	$	4,805