Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of ATM Program

The following table outlines NNN's ATM:

	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 December 31, 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 for the years ended December 31 (dollars in thousands, except per share data):

	2023		2022		2021
Shares of common stock		650,135		5,473,072		30,000
Average price per share (net)	$	43.52	$	45.15	$	33.65
Net proceeds	$	28,292	$	247,129	$	1,009
Stock issuance costs(1)	$	858	$	3,761	$	224

(1)Stock issuance costs consist primarily of underwriters' and agent's fees and commissions, and legal and accounting fees.

Schedule of Common Stock Issuances Pursuant to DRIP

The following outlines the common stock issuances pursuant to NNN's DRIP for the years ended December 31 (dollars in thousands):

	2023		2022		2021
Shares of common stock		76,229		70,342		62,577
Net proceeds	$	3,082	$	3,082	$	2,744

Schedule of Dividends Declared and Paid

The following table outlines the dividends declared and paid for NNN's common stock for the years ended December 31 (in thousands, except per share data):

	2023		2022		2021
Dividends	$	404,458	$	380,538	$	367,291
Per share		2.230		2.160		2.100