Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of ATM Program

The following outlines NNN's ATM programs:

	2023 ATM	2020 ATM
Shelf registration statement:
Effective date	August 2023	August 2020
Termination date	August 2026	August 2023
Total allowable shares	17,500,000	17,500,000
Total shares issued as of September 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 (dollars in thousands, except per share data):

	Nine Months Ended September 30,
	2023		2022
Shares of common stock		650,135		2,801,778
Average price per share (net)	$	43.52	$	45.42
Net proceeds	$	28,292	$	127,270
Stock issuance costs(1)	$	858	$	1,879

(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,
	2023		2022
Shares of common stock		55,261		51,567
Net proceeds	$	2,302	$	2,258

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Dividends	$	102,647	$	97,008	$	301,793	$	282,637
Per share		0.5650		0.5500		1.6650		1.6100