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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental income $ 203,630 $ 189,763
Interest and other income from real estate transactions 478 516
Total revenues 204,108 190,279
Operating expenses:    
General and administrative 12,251 11,042
Real estate 6,846 7,198
Depreciation and amortization 59,148 52,680
Leasing transaction costs 75 88
Real estate impairments, net of recoveries 2,640 1,632
Executive retirement costs 423 3,594
Total operating expenses 81,383 76,234
Gain on disposition of real estate 6,300 3,992
Earnings from operations 129,025 118,037
Other expenses (revenues):    
Interest and other income (33) (35)
Interest expense 38,891 36,699
Total other expenses (revenues) 38,858 36,664
Net earnings 90,167 81,373
Loss attributable to noncontrolling interests 0 (1)
Net earnings attributable to common stockholders $ 90,167 $ 81,372
Net earnings per share of common stock:    
Basic (in dollars per share) $ 0.50 $ 0.46
Diluted (in dollars per share) $ 0.50 $ 0.46
Weighted average number of common shares outstanding:    
Basic (in shares) 180,845,503 174,772,243
Diluted (in shares) 181,434,345 174,911,213
Other comprehensive income:    
Net earnings attributable to NNN $ 90,167 $ 81,372
Amortization of interest rate hedges 607 583
Comprehensive income attributable to NNN 90,774 81,955
Comprehensive loss attributable to noncontrolling interests 0 1
Total comprehensive income $ 90,774 $ 81,956