Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2022		2,316,777

Schedule of Common Stock Issuances Pursuant to Equity Programs

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

	Six Months Ended June 30,
	2022		2021
Shares of common stock		717,473		30,000
Average price per share (net)	$	43.23	$	37.05
Net proceeds	$	31,018	$	1,111
Stock issuance costs(1)	$	575	$	122

(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):

	Six Months Ended June 30,
	2022		2021
Shares of common stock		34,396		31,430
Net proceeds	$	1,456	$	1,293

Schedule of Dividends Declared and Paid

Dividends – 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Series F preferred stock(1):
Dividends	$	—	$	4,485	$	—	$	8,970
Per depositary share		—		0.3250		—		0.6500
Common stock:
Dividends		92,878		90,971		185,629		181,819
Per share		0.5300		0.5200		1.0600		1.0400

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