XML 35 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental income $ 174,547 $ 163,026
Interest and other income from real estate transactions 516 686
Total revenues 175,063 163,712
Operating expenses:    
General and administrative 10,100 9,521
Real estate 7,635 7,093
Depreciation and amortization 49,188 46,180
Leasing transaction costs 36 52
Impairment losses – real estate, net of recoveries 5,513 3,245
Total operating expenses 72,472 66,091
Gain on disposition of real estate 12,770 10,445
Earnings from operations 115,361 108,066
Other expenses (revenues):    
Interest and other income (164) (1,924)
Interest expense 33,670 29,957
Loss on early extinguishment of debt 16,679 0
Total other expenses (revenues) 50,185 28,033
Net earnings 65,176 80,033
Earnings attributable to noncontrolling interests 2 (10)
Net earnings attributable to NNN 65,178 80,023
Net earnings attributable to common stockholders $ 60,693 $ 71,441
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.35 $ 0.44
Diluted (in dollars per share) $ 0.35 $ 0.44
Weighted average number of common shares outstanding:    
Basic (in shares) 171,039,017 161,105,315
Diluted (in shares) 171,231,828 161,614,074
Other comprehensive income:    
Net earnings attributable to NNN $ 65,178 $ 80,023
Amortization of interest rate hedges 383 323
Fair value of forward starting swaps (7,617) 0
Valuation adjustments – available-for-sale securities 0 116
Realized gain – available-for-sale securities 0 (1,331)
Comprehensive income attributable to NNN 57,944 79,131
Series E Preferred Stock    
Other expenses (revenues):    
Dividends 0 (4,097)
Series F Preferred Stock    
Other expenses (revenues):    
Dividends $ (4,485) $ (4,485)