Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of ATM Program

The following 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 March 31, 2024	500,000	7,722,511

Schedule of Common Stock Issuances Pursuant to NNN's ATM

The following table outlines the common stock issuances pursuant to NNN's ATM (dollars in thousands, except per share data):

	Quarter Ended March 31,
	2024		2023
Shares of common stock		500,000		349,809
Average price per share (net)	$	41.61	$	45.95
Net proceeds	$	20,806	$	16,074
Stock issuance costs(1)	$	119	$	294

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

Schedule of Common Stock Issuances Pursuant to NNN's DRIP

The following outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Quarter Ended March 31,
	2024		2023
Shares of common stock		19,494		17,760
Net proceeds	$	709	$	822

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 March 31,
	2024		2023
Dividends	$	102,684	$	99,401
Per share		0.5650		0.5500