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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Lease income $ 163,026  
Rental income from operating leases   $ 147,829
Earned income from direct financing leases   230
Percentage rent   546
Real estate expense reimbursement from tenants 3,993 4,158
Interest and other income from real estate transactions 686 73
Total revenues 163,712 152,836
Operating expenses:    
General and administrative 9,521 8,697
Real estate 7,093 5,862
Depreciation and amortization 46,180 44,498
Impairment losses – real estate, net of recoveries 3,245 2,248
Retirement severance costs 0 261
Total operating expenses 66,039 61,566
Gain on disposition of real estate 10,445 38,596
Earnings from operations 108,118 129,866
Other expenses (revenues):    
Interest and other income (1,924) (25)
Interest expense 29,957 26,602
Leasing transaction costs 52  
Total other expenses (revenues) 28,085 26,577
Net earnings 80,033 103,289
Earnings attributable to noncontrolling interests (10) (9)
Net earnings attributable to NNN 80,023 103,280
Net earnings attributable to common stockholders $ 71,441 $ 94,698
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.44 $ 0.62
Diluted (in dollars per share) $ 0.44 $ 0.62
Weighted average number of common shares outstanding:    
Basic (in shares) 161,105,315 153,041,056
Diluted (in shares) 161,614,074 153,393,383
Other comprehensive income:    
Net earnings attributable to NNN $ 80,023 $ 103,280
Amortization of interest rate hedges 323 525
Fair value of forward starting swaps 0 (2,164)
Net gain (loss) – available-for-sale securities (1,215) (132)
Comprehensive income attributable to NNN 79,131 101,509
Series E Preferred Stock    
Other expenses (revenues):    
Dividends (4,097) (4,097)
Series F Preferred Stock    
Other expenses (revenues):    
Dividends $ (4,485) $ (4,485)