Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 6 – Stockholders' Equity:

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

	Nine Months Ended September 30,
	2011		2010
Series C preferred stock(1):
Dividends	$	5,089	$	5,089
Per share		1.3828		1.3828
Common stock:
Dividends		96,915		93,762
Per share		1.145		1.130

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

In October 2011, NNN declared a dividend of $0.385 per share, which is payable in November 2011 to its common stockholders of record as of October 31, 2011.

In September 2011, NNN filed a prospectus supplement to the prospectus contained in its February 2009 shelf registration statement and issued 9,200,000 shares (including 1,200,000 shares in connection with the underwriters' over allotment) of common stock at a price of $26.07 per share and received net proceeds of $229,451,000. In connection with this offering, NNN incurred stock issuance costs totaling approximately $10,393,000, consisting primarily of underwriters' fees and commissions, legal and accounting fees and printing expenses.

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):

	Nine Months Ended September 30,
	2011		2010
Shares of common stock issued		2,423,611		663,741
Net proceeds	$	59,707	$	14,159