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Organization And Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
Accounting Policies [Abstract]  
Summary Of NNN's Investment Portfolio
NNN assets include: real estate assets, mortgages and notes receivable, and commercial mortgage residual interests. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (“Properties” or “Property Portfolio”). 
 
December 31, 2011
Property Portfolio:
 
Total properties (including retail operations)
1,422

Gross leasable area (square feet)
16,428,000

States
47
Computation Of Basic And Diluted Earnings Per Share
The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per common share using the two-class method for the years ended December 31 (dollars in thousands):
 
 
2011
 
2010
 
2009
Basic and Diluted Earnings:
 
 
 
 
 
Net earnings attributable to NNN
$
92,325

 
$
72,997

 
$
54,810

Less: Series C preferred stock dividends
(6,785
)
 
(6,785
)
 
(6,785
)
Net earnings available to NNN’s common stockholders
85,540

 
66,212

 
48,025

Less: Earnings attributable to unvested restricted shares
(622
)
 
(299
)
 
(290
)
Net earnings used in basic earnings per share
84,918

 
65,913

 
47,735

Reallocated undistributed income (loss)
(2
)
 
—

 
(1
)
Net earnings used in diluted earnings per share
$
84,916

 
$
65,913

 
$
47,734

 
 
 
 
 
 
Basic and Diluted Weighted Average Shares Outstanding:
 
 
 
 
 
Weighted average number of shares outstanding
88,972,723

 
83,320,921

 
80,486,215

Less: Unvested restricted stock
(630,102
)
 
(605,276
)
 
(639,957
)
Less: Contingent shares
(242,545
)
 
—

 
—

Weighted average number of shares outstanding used in basic earnings per share
88,100,076

 
82,715,645

 
79,846,258

Effects of dilutive securities:
 
 
 
 
 
Contingent shares
66,001

 
—

 
—

Convertible debt
512,024

 
—

 
—

Common stock options
2,881

 
3,814

 
9,037

Directors’ deferred fee plan
156,075

 
129,903

 
98,204

Weighted average number of shares outstanding used in diluted earnings per share
88,837,057

 
82,849,362

 
79,953,499