Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Schedule of Stock Issuance

The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Nine Months Ended September 30,
	2019		2018
Shares of common stock	309,127		225,481
Net proceeds	$	16,481	$	9,115

Schedule of ATM Program

The following outlines NNN's ATM program:

	2018 ATM
Established date	February 2018
Termination date	February 2021
Total allowable shares	12,000,000
Total shares issued as of September 30, 2019	9,722,185

Common Stock Issuances Pursuant to ATM Equity Programs

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

	Nine Months Ended September 30,
	2019		2018
Shares of common stock	2,344,022		4,896,563
Average price per share (net)	$	53.73	$	42.60
Net proceeds	$	125,946	$	208,579
Stock issuance costs (1)	$	1,390	$	2,792
(1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.

Schedule of Dividends Declared and Paid

The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):

	Quarter Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Series E preferred stock(1):
Dividends	$	4,097	$	4,097	$	12,291	$	12,291
Per depositary share	0.356250		0.356250		1.068750		1.068750
Series F preferred stock(2):
Dividends	4,485		4,485		13,455		13,455
Per depositary share	0.325000		0.325000		0.975000		0.975000
Common stock:
Dividends	83,935		78,253		245,574		223,836
Per share	0.515		0.500		1.515		1.450

⁽¹⁾ In September 2019, NNN called for redemption of all outstanding shares of its 5.700% Series E Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"), including all accrued and unpaid dividends through, but not including, the redemption date, on October 5, 2019.

⁽²⁾ The 5.200% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") has no maturity date and will remain outstanding unless redeemed by NNN. The earliest redemption date for the Series F Preferred Stock is October 2021.