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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of NNN's Investment Portfolio NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment ("Properties" or "Property Portfolio," or individually a "Property"). 
 
December 31, 2019
Property Portfolio:
 
Total properties
3,118

Gross leasable area (square feet)
32,460,000

States
48

Weighted average remaining lease term (years)
11.2
Computation of Basic and Diluted Earnings Per Share The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands): 
 
2019
 
2018
 
2017
Basic and Diluted Earnings:
 
 
 
 
 
Net earnings attributable to NNN
$
299,180

 
$
292,447

 
$
264,973

Less: Series D preferred stock dividends
—

 
—

 
(3,598
)
Less: Series E preferred stock dividends
(13,201
)
 
(16,387
)
 
(16,387
)
Less: Series F preferred stock dividends
(17,940
)
 
(17,940
)
 
(17,940
)
Less: Excess of redemption value over carrying value of preferred shares redeemed
(9,856
)
 
—

 
(9,855
)
Net earnings available to common stockholders
258,183

 
258,120

 
217,193

Less: Earnings allocated to unvested restricted shares
(601
)
 
(548
)
 
(531
)
Net earnings used in basic and diluted earnings per share
$
257,582

 
$
257,572

 
$
216,662

 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
Weighted average number of shares outstanding
165,499,707

 
156,490,901

 
149,840,116

Less: Unvested restricted shares
(295,773
)
 
(280,633
)
 
(285,585
)
Less: Unvested contingent restricted shares
(515,436
)
 
(465,667
)
 
(443,343
)
Weighted average number of shares outstanding used in basic earnings per share
164,688,498

 
155,744,601

 
149,111,188

Other dilutive securities
395,181

 
551,018

 
321,453

Weighted average number of shares outstanding used in diluted earnings per share
165,083,679

 
156,295,619

 
149,432,641
Changes in Accumulated Other Comprehensive Income (Loss) The following table outlines the changes in accumulated other comprehensive income (loss) (dollars in thousands):
 
Gain or Loss on Cash Flow Hedges(1)
 
Gains and Losses on Available-for-Sale Securities
 
Total
Beginning balance, December 31, 2017
$
(14,655
)
 
$
917

 
$
(13,738
)
 
 
 
 
 
 
Other comprehensive income
4,080

 
298

 
4,378

Reclassifications from accumulated other comprehensive income to net earnings
3,664

(2) 
—

 
3,664

Net current period other comprehensive income
7,744

 
298

 
8,042

Ending balance, December 31, 2018
(6,911
)
 
1,215

 
(5,696
)
 
 
 
 
 
 
Other comprehensive income (loss)
(5,524
)
 
116

 
(5,408
)
Reclassifications from accumulated other comprehensive income to net earnings
1,307

(2) 
(1,331
)
 
(24
)
Net current period other comprehensive income (loss)
(4,217
)
 
(1,215
)
 
(5,432
)
Ending balance, December 31, 2019
$
(11,128
)
 
$
—

 
$
(11,128
)
(1) 
Additional disclosure is included in Note 12 – Derivatives.
(2) 
Reclassifications out of other comprehensive income (loss) are recorded in interest expense on the Consolidated Statements of Income and Comprehensive Income. There is no income tax expense (benefit) resulting from this reclassification.