Organization And Summary Of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2011

Organization And Summary Of Significant Accounting Policies


	June 30, 2011
Investment Portfolio:
Total properties (including retail operations)		1,248
Gross leasable area (square feet)		13,623
States		46

Change In Other Comprehensive Income


	Six Months Ended June 30, 2011
Balance at beginning of period	$	1,661
Amortization of interest rate hedges		(85	)
Fair value treasury locks		(5,218	)
Unrealized gain – commercial mortgage residual interests		599
Stock value adjustment		(26	)

Balance at end of period	$	(3,069	)

NNN's Total Comprehensive Income


	Quarter Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Net earnings	$	21,303		$	21,206		$	42,123		$	37,571
Other comprehensive income (loss)		(6,391	)		(18	)		(4,730	)		32

Comprehensive income including noncontrolling interests		14,912			21,188			37,393			37,603
Comprehensive (income) loss attributable to noncontrolling interests		—			(73	)		—			26

Comprehensive income attributable to NNN	$	14,912		$	21,115		$	37,393		$	37,629

Computation Of Basic and Diluted Earnings Per Share


	Quarter Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Basic and Diluted Earnings:
Net earnings attributable to NNN	$	21,303		$	21,206		$	42,123		$	37,571
Less: Series C preferred stock dividends		(1,696	)		(1,696	)		(3,392	)		(3,392	)

Net earnings available to NNN's common stockholders		19,607			19,510			38,731			34,179
Less: Earnings attributable to unvested restricted shares		(152	)		(92	)		(286	)		(144	)

Net earnings used in basic earnings per share		19,455			19,418			38,445			34,035
Reallocated undistributed income		—			—			—			—

Net earnings used in diluted earnings per share	$	19,455		$	19,418		$	38,445		$	34,035


Basic and Diluted Weighted Average Shares Outstanding:
Weighted average number of shares outstanding		85,309,082			83,344,447			84,635,929			83,149,908
Less: contingent shares		(251,826	)		—			(251,826	)		—
Less: unvested restricted stock		(647,468	)		(649,823	)		(612,375	)		(559,991	)

Weighted average number of shares outstanding used in basic earnings per share		84,409,788			82,694,624			83,771,728			82,589,917
Effects of dilutive securities:
Common stock options		3,162			3,866			3,305			4,151
Convertible debt		160,006			—			346,699			—
Directors' deferred fee plan		153,012			126,933			149,620			123,907

Weighted average number of shares outstanding used in diluted earnings per share		84,725,968			82,825,423			84,271,352			82,717,975

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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