Stockholders' Equity

6 Months Ended

Jun. 30, 2011

Note 5 – Stockholders' Equity:

The following table outlines the dividends declared and paid for each issuance of NNN's stock (in thousands, except per share data):


	Six Months Ended June 30,
	2011		2010
Series C preferred stock ⁽¹⁾:
Dividends	$	3,392	$	3,392
Per share		0.9218		0.9218

Common stock:
Dividends		63,887		62,174
Per share		0.760		0.750

⁽¹⁾	The Series C preferred stock has no maturity date and will remain outstanding unless redeemed.

In July 2011, NNN declared a dividend of $0.385 per share, which is payable in August 2011 to its common stockholders of record as of July 29, 2011.

In June 2009, NNN filed a shelf registration statement with the Securities and Exchange Commission for its Dividend Reinvestment and Stock Purchase Plan ("DRIP"). The following outlines the common stock issuances pursuant to the DRIP (dollars in thousands):


	Six Months Ended June 30,
	2011		2010
Shares of common stock issued		2,284,335		561,107
Net proceeds	$	56,447	$	11,770

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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