Stockholders' Equity (Tables)

9 Months Ended

Sep. 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 September 30, 2022		4,401,082

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):

	Nine Months Ended September 30,
	2022		2021
Shares of common stock		2,801,778		30,000
Average price per share (net)	$	45.42	$	35.35
Net proceeds	$	127,270	$	1,061
Stock issuance costs(1)	$	1,879	$	173

(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):

	Nine Months Ended September 30,
	2022		2021
Shares of common stock		51,567		46,666
Net proceeds	$	2,258	$	2,012

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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Series F preferred stock(1):
Dividends	$	—	$	4,485	$	—	$	13,455
Per depositary share		—		0.3250		—		0.9750
Common stock:
Dividends		97,008		92,731		282,637		274,550
Per share		0.5500		0.5300		1.6100		1.5700

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