Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of ATM Program

The following outlines NNN's ATM program:

	2020 ATM
Established date	August 2020
Termination date	August 2023
Total allowable shares		17,500,000
Total shares issued as of March 31, 2022		1,599,304

Schedule of Common Stock Issuances Pursuant to Equity Programs

The following table outlines the common stock issuances pursuant to NNN's ATM equity program for the quarter ended March 31, 2021 (dollars in thousands, except per share data):

Shares of common stock		30,000
Average price per share (net)	$	38.59
Net proceeds	$	1,158
Stock issuance costs(1)	$	75

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

Schedule of Common Stock Issuances Pursuant to DRIP

The following table outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Quarter Ended March 31,
	2022		2021
Shares of common stock		17,571		15,769
Net proceeds	$	748	$	569

Schedule of Dividends Declared and Paid

The following table outlines the dividends declared and paid for each issuance of NNN's stock (dollars in thousands, except per share data):

	Quarter Ended March 31,
	2022		2021
Series F preferred stock(1):
Dividends	$	—	$	4,485
Per depositary share		—		0.3250
Common stock:
Dividends		92,751		90,848
Per share		0.5300		0.5200

(1) The Series F preferred stock was redeemed in October 2021.