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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental income $ 189,763 $ 179,198
Interest and other income from real estate transactions 516 580
Total revenues 190,279 179,778
Operating expenses:    
General and administrative 11,042 11,748
Real estate 7,198 7,725
Depreciation and amortization 52,680 49,980
Leasing transaction costs 88 38
Impairment losses – real estate, net of recoveries 1,632 2,131
Executive retirement costs 3,594 0
Total operating expenses 76,234 71,622
Gain on disposition of real estate 3,992 4,281
Earnings from operations 118,037 112,437
Other expenses (revenues):    
Interest and other income (35) (65)
Interest expense 36,699 34,587
Loss on early extinguishment of debt 0 21,328
Total other expenses (revenues) 36,664 55,850
Net earnings 81,373 56,587
Earnings attributable to noncontrolling interests (1) 0
Net earnings attributable to NNN 81,372 56,587
Series F preferred stock dividends 0 (4,485)
Net earnings attributable to common stockholders $ 81,372 $ 52,102
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.46 $ 0.30
Diluted (in dollars per share) $ 0.46 $ 0.30
Weighted average number of common shares outstanding:    
Basic (in shares) 174,772,243 174,589,300
Diluted (in shares) 174,911,213 174,714,617
Other comprehensive income:    
Net earnings attributable to NNN $ 81,372 $ 56,587
Amortization of interest rate hedges 583 1,368
Comprehensive income attributable to NNN 81,955 57,955
Comprehensive earnings attributable to noncontrolling interests 1 0
Total comprehensive income $ 81,956 $ 57,955