CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	3 Months Ended
	Mar. 31, 2020 USD ($)		Mar. 31, 2019 USD ($)
Cash flows from operating activities:
Net earnings	$ 65,176,000		$ 80,033,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	49,188,000		46,180,000
Impairment losses – real estate, net of recoveries	5,513,000		3,245,000
Loss on early extinguishment of debt	16,679,000		0
Amortization of notes payable discount	1,897,000		425,000
Amortization of debt costs	1,816,000		920,000
Amortization of mortgages payable premium	(21,000)		(21,000)
Amortization of interest rate hedges	383,000		323,000
Settlement of forward starting swaps	(13,141,000)		0
Gain on disposition of real estate	(12,770,000)		(10,445,000)
Performance incentive plan expense	3,078,000		2,787,000
Performance incentive plan payment	(846,000)		(775,000)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed:
Decrease in real estate leased to others using the direct financing method	61,000		172,000
Decrease (increase) in receivables	(1,340,000)		887,000
Increase in accrued rental income	(61,000)		(747,000)
Decrease (increase) in other assets	183,000		(12,000)
Increase in accrued interest payable	23,448,000		27,937,000
Decrease in other liabilities	(11,299,000)		(7,315,000)
Other	140,000		(218,000)
Net cash provided by operating activities	128,084,000		143,376,000
Cash flows from investing activities:
Proceeds from the disposition of real estate	33,384,000		16,909,000
Additions to real estate:
Accounted for using the operating method	(64,197,000)		(112,130,000)
Principal payments received on mortgages and notes receivable	100,000		0
Other	59,000		2,191,000
Net cash used in investing activities	(30,654,000)		(93,030,000)
Cash flows from financing activities:
Proceeds from line of credit payable	311,000,000		0
Repayment of line of credit payable	(444,600,000)		0
Repayment of mortgages payable	(147,000)		(141,000)
Proceeds from notes payable	692,646,000		0
Repayment of notes payable	(325,000,000)		0
Payment for early extinguishment of debt	(16,679,000)		0
Payment of debt issuance costs	(6,397,000)		(40,000)
Proceeds from issuance of common stock	696,000		5,279,000
Stock issuance costs	(45,000)		(42,000)
Payment of common stock dividends	(88,148,000)		(80,566,000)
Net cash provided by (used in) financing activities	118,841,000		(84,092,000)
Net increase (decrease) in cash, cash equivalents and restricted cash	216,271,000		(33,746,000)
Cash, cash equivalents and restricted cash at beginning of period	1,112,000	[1]	114,267,000	[1]
Cash, cash equivalents and restricted cash at end of period	217,383,000	[1]	80,521,000	[1]
Supplemental disclosure of cash flow information:
Interest paid, net of amount capitalized	6,613,000		499,000
Supplemental disclosure of noncash investing and financing activities:
Decrease in other comprehensive income	7,234,000		892,000
Right-of-use assets recorded in connection with lease liabilities	0		7,735,000
Work in progress accrual balance	24,579,000		21,670,000
Mortgage receivable accepted in connection with real estate transactions	3,000,000		3,100,000
Restricted cash and cash held in escrow	0		0
Series E Preferred Stock
Cash flows from financing activities:
Payment of preferred stock dividends	0		(4,097,000)
Series F Preferred Stock
Cash flows from financing activities:
Payment of preferred stock dividends	$ (4,485,000)		$ (4,485,000)

[1] Cash, cash equivalents and restricted cash is the aggregate of cash and cash equivalents and restricted cash and cash held in escrow from the Condensed Consolidated Balance Sheets. NNN had no restricted cash and cash held in escrow at March 31, 2020 and 2019.