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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rental income $ 179,198 $ 174,547
Interest and other income from real estate transactions 580 516
Total revenues 179,778 175,063
Operating expenses:    
General and administrative 11,748 10,100
Real estate 7,725 7,635
Depreciation and amortization 49,980 49,188
Leasing transaction costs 38 36
Impairment losses – real estate, net of recoveries 2,131 5,513
Total operating expenses 71,622 72,472
Gain on disposition of real estate 4,281 12,770
Earnings from operations 112,437 115,361
Other expenses (revenues):    
Interest and other income (65) (164)
Interest expense 34,587 33,670
Loss on early extinguishment of debt 21,328 16,679
Total other expenses (revenues) 55,850 50,185
Net earnings 56,587 65,176
Loss attributable to noncontrolling interests 0 2
Net earnings attributable to NNN 56,587 65,178
Series F preferred stock dividends (4,485) (4,485)
Net earnings attributable to common stockholders $ 52,102 $ 60,693
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.30 $ 0.35
Diluted (in dollars per share) $ 0.30 $ 0.35
Weighted average number of common shares outstanding:    
Basic (in shares) 174,589,300 171,039,017
Diluted (in shares) 174,714,617 171,231,828
Other comprehensive income:    
Net earnings attributable to NNN $ 56,587 $ 65,178
Amortization of interest rate hedges 1,368 383
Fair value of forward starting swaps 0 (7,617)
Comprehensive income attributable to NNN 57,955 57,944
Comprehensive income attributable to noncontrolling interests 0 2
Comprehensive income attributable to NNN $ 57,955 $ 57,946