Segment Information

6 Months Ended

Jun. 30, 2011

Note 9 – Segment Information:

NNN has identified two primary financial segments: (i) Investment Assets, and (ii) Inventory Assets. The following tables represent the segment data and reconciliation to NNN's consolidated totals (dollars in thousands):


	Quarter Ended June 30,
	Investment Assets		Inventory Assets		Eliminations (Intercompany)			Condensed Consolidated Totals
2011
External revenues	$	62,881	$	—	$	—		$	62,881
Intersegment revenues		12		—		(12	)		—
Earnings from continuing operations		21,320		366		(547	)		21,139
Earnings including noncontrolling interests		21,303		513		(547	)		21,269
Net earnings attributable to NNN		21,303		547		(547	)		21,303
Total assets	$	2,929,244	$	38,365	$	(168,802	)	$	2,798,807

2010
External revenues	$	56,928	$	70	$	—		$	56,998
Intersegment revenues		285		275		(560	)		—
Earnings from continuing operations		20,742		1,036		(815	)		20,963
Earnings including noncontrolling interests		21,308		1,157		(815	)		21,650
Net earnings attributable to NNN		21,206		815		(815	)		21,206
Total assets	$	2,725,655	$	43,915	$	(182,172	)	$	2,587,398

The following tables represent the segment data and reconciliation to NNN's consolidated totals (dollars in thousands):


	Six Months Ended June 30,
	Investment Assets		Inventory Assets		Eliminations (Intercompany)			Condensed Consolidated Totals
2011
External revenues	$	125,134	$	42	$	—		$	125,176
Intersegment revenues		25		—		(25	)		—
Earnings from continuing operations		42,144		424		(703	)		41,865
Earnings including noncontrolling interest		42,123		703		(703	)		42,123
Net earnings attributable to NNN		42,123		703		(703	)		42,123
Total assets	$	2,929,244	$	38,365	$	(168,802	)	$	2,798,807

2010
External revenues	$	113,632	$	112	$	—		$	113,744
Intersegment revenues		584		533		(1,117	)		—
Earnings from continuing operations		36,940		1,304		(1,198	)		37,046
Earnings including noncontrolling interest		37,580		1,566		(1,198	)		37,948
Net earnings attributable to NNN		37,571		1,198		(1,198	)		37,571
Total assets	$	2,725,655	$	43,915	$	(182,172	)	$	2,587,398