CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended
	Mar. 31, 2022 USD ($)		Mar. 31, 2021 USD ($)
Cash flows from operating activities:
Net earnings	$ 81,373		$ 56,587
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	52,680		49,980
Impairment losses – real estate, net of recoveries	1,632		2,131
Loss on early extinguishment of debt	0		21,328
Amortization of notes payable discount	415		993
Amortization of debt costs	1,171		1,840
Amortization of mortgages payable premium	(21)		(21)
Amortization of interest rate hedges	583		1,368
Gain on disposition of real estate	(3,992)		(4,281)
Performance incentive plan expense	6,246		4,318
Performance incentive plan payment	(103)		(721)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed:
Decrease (increase) in receivables	338		(273)
Decrease in accrued rental income	1,096		8,332
Decrease (increase) in other assets	(115)		1,067
Increase in accrued interest payable	34,099		25,267
Decrease in other liabilities	(11,043)		(6,438)
Other	(21)		(307)
Net cash provided by operating activities	164,338		161,170
Cash flows from investing activities:
Proceeds from the disposition of real estate	20,315		18,067
Additions to real estate accounted for using the operating method	(209,483)		(106,490)
Principal payments received on mortgages and notes receivable	102		93
Other	(577)		(182)
Net cash used in investing activities	(189,643)		(88,512)
Cash flows from financing activities:
Repayment of mortgages payable	(165)		(156)
Proceeds from Notes Payable	0		441,594
Repayments of Notes Payable	0		350,000
Payment for early extinguishment of debt	0		(21,328)
Payment of debt issuance costs	(48)		(5,145)
Proceeds from issuance of common stock	748		1,882
Stock issuance costs	(65)		(177)
Payment of common stock dividends	(92,751)		(90,848)
Net cash used in financing activities	(92,281)		(28,663)
Net increase (decrease) in cash, cash equivalents and restricted cash	(117,586)		43,995
Cash, cash equivalents and restricted cash at beginning of period	171,322	[1]	267,236	[1]
Cash, cash equivalents and restricted cash at end of period	53,736	[1]	311,231	[1]
Supplemental disclosure of cash flow information:
Interest paid, net of amount capitalized	550		5,203
Supplemental disclosure of noncash investing and financing activities:
Change in other comprehensive income	583		1,368
Work in progress accrual balance	8,914		4,739
Restricted cash and cash held in escrow	0		0
Series F Preferred Stock
Cash flows from financing activities:
Payment of Series F preferred stock dividends	$ 0		$ (4,485)

[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, 2022 and 2021.