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Condensed Consolidated Statements Of Income And Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental income $ 204,856 $ 193,102 $ 610,912 $ 573,401
Interest and other income from real estate transactions 276 369 968 1,132
Total revenues 205,132 193,471 611,880 574,533
Operating expenses:        
General and administrative 10,225 10,124 33,216 30,906
Real estate 6,459 5,875 20,141 19,246
Depreciation and amortization 59,523 56,388 178,546 166,512
Leasing transaction costs 96 96 223 260
Impairment losses – real estate, net of recoveries 1,001 971 3,675 7,221
Executive retirement costs 153 556 885 6,805
Total operating expenses 77,457 74,010 236,686 230,950
Gain on disposition of real estate 19,992 5,889 40,222 10,656
Earnings from operations 147,667 125,350 415,416 354,239
Other expenses (revenues):        
Interest and other income (644) (33) (751) (120)
Interest expense 41,524 36,962 120,509 110,400
Total other expenses (revenues) 40,880 36,929 119,758 110,280
Net earnings 106,787 88,421 295,658 243,959
Loss attributable to noncontrolling interests 0 0 0 (5)
Net earnings available to NNNs common stockholders $ 106,787 $ 88,421 $ 295,658 $ 243,964
Net earnings per share of common stock:        
Basic (in dollars per share) $ 0.59 $ 0.5 $ 1.63 $ 1.39
Diluted (in dollars per share) $ 0.59 $ 0.5 $ 1.63 $ 1.38
Weighted average number of common shares outstanding:        
Basic (in shares) 181,398,273 176,900,786 181,120,963 175,542,356
Diluted (in shares) 181,721,467 177,367,710 181,460,622 175,993,907
Other comprehensive income:        
Net earnings attributable to NNN $ 106,787 $ 88,421 $ 295,658 $ 243,964
Amortization of interest rate hedges 620 595 1,843 1,770
Comprehensive income attributable to NNN 107,407 89,016 297,501 245,734
Comprehensive loss attributable to noncontrolling interests 0 0 0 (5)
Total comprehensive income $ 107,407 $ 89,016 $ 297,501 $ 245,729