Common Stock (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Stock by Class

The following outlines the common stock issuances pursuant to the DRIP for the year ended December 31 (dollars in thousands):

	2019		2018		2017
Shares of common stock	362,918		311,048		229,696
Net proceeds	$	19,442	$	13,264	$	9,391

At-The-Market Offerings. NNN has established an at-the-market equity program ("ATM") which allows NNN to sell shares of common stock from time to time. The following table outlines NNN's active ATM programs for the three years ended December 31, 2019:

	2018 ATM	2016 ATM
Established date	February 2018	March 2016
Termination date	February 2021	February 2018
Total allowable shares	12,000,000	12,000,000
Total shares issued as of December 31, 2019	9,722,185	10,044,656

The following table outlines the common stock issuances pursuant to NNN's ATM equity programs for the years ended December 31 (dollars in thousands, except per share data):

	2019		2018		2017
Shares of common stock	2,344,022		7,378,163		5,821,366
Average price per share (net)	$	53.71	$	44.48	$	41.88
Net proceeds	$	125,905	$	328,196	$	243,822
Stock issuance costs(1)	$	1,431	$	3,821	$	3,782

⁽¹⁾ Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees.