Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023		7,722,511

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,
	2023		2022
Shares of common stock		650,135		717,473
Average price per share (net)	$	43.98	$	43.23
Net proceeds	$	28,592	$	31,018
Stock issuance costs(1)	$	558	$	575

(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,
	2023		2022
Shares of common stock		35,922		34,396
Net proceeds	$	1,615	$	1,456

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Dividends	$	99,745	$	92,878	$	199,146	$	185,629
Per share		0.550		0.530		1.100		1.060