Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023		7,422,185

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, 2023 (dollars in thousands, except per share data):

Shares of common stock		349,809
Average price per share (net)	$	45.95
Net proceeds	$	16,074
Stock issuance costs(1)	$	294

(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,
	2023		2022
Shares of common stock		17,760		17,571
Net proceeds	$	822	$	748

Schedule of Dividends Declared and Paid

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

	Quarter Ended March 31,
	2023		2022
Common stock:
Dividends	$	99,401	$	92,751
Per share		0.550		0.530