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Consolidated Statements Of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental income from operating leases $ 246,569 $ 210,329 $ 207,734
Earned income from direct financing leases 2,787 3,001 3,070
Percentage rent 1,093 919 1,310
Real estate expense reimbursement from tenants 9,927 7,197 8,138
Interest and other income from real estate transactions 2,312 2,982 4,323
Interest income on commercial mortgage residual interests 3,105 3,460 4,252
Total revenues 265,793 227,888 228,827
Retail operations:      
Revenues 45,139 32,958 15,595
Operating expenses (43,096) (31,647) (15,176)
Net 2,043 1,311 419
Operating expenses:      
General and administrative 28,814 22,763 21,774
Real estate 16,887 13,235 13,497
Depreciation and amortization 58,115 48,047 46,258
Impairment losses and other charges, net of recoveries (1,431) 7,458 36,080
Impairment - commercial mortgage residual interests valuation 1,024 3,995 498
Restructuring Costs 0 0 731
Total operating expenses 103,409 95,498 118,838
Earnings from operations 164,427 133,701 110,408
Other expenses (revenues):      
Interest and other income (1,511) (1,513) (1,371)
Interest expense 74,845 65,179 62,151
Total other expenses (revenues) 73,334 63,666 60,780
Earnings from continuing operations before income tax benefit (expense), equity in earnings of unconsolidated affiliate and gain on extinguishment of debt 91,093 70,035 49,628
Gain on disposition of real estate 297 641 37
Income tax benefit (expense) (779) (475) 1,049
Equity in earnings of unconsolidated affiliate 474 428 421
Gain on extinguishment of debt 0 0 3,432
Earnings (loss) from continuing operations 91,085 70,629 54,567
Earnings from discontinued operations, net of income tax expense (Note 18): 1,331 2,724 1,832
Earnings (loss) including noncontrolling interests 92,416 73,353 56,399
Loss (earnings) attributable to noncontrolling interests:      
Continuing operations (11) (367) (1,423)
Discontinued operations (80) 11 (166)
Net loss (income) attributable to noncontrolling interest (91) (356) (1,589)
Net earnings attributable to NNN 92,325 72,997 54,810
Other comprehensive income (loss) (5,491) 1,150 (1,903)
Total comprehensive income 86,834 74,147 52,907
Series C preferred stock dividends (6,785) (6,785) (6,785)
Net earnings attributable to common stockholders 85,540 66,212 48,025
Basic:      
Continuing operations $ 0.95 $ 0.77 $ 0.58
Discontinued operations $ 0.01 $ 0.03 $ 0.02
Net earnings $ 0.96 $ 0.80 $ 0.60
Diluted:      
Continuing operations $ 0.95 $ 0.77 $ 0.58
Discontinued operations $ 0.01 $ 0.03 $ 0.02
Net earnings $ 0.96 $ 0.80 $ 0.60
Weighted average number of common shares outstanding:      
Basic 88,100,076 82,715,645 79,846,258
Diluted 88,837,057 82,849,362 79,953,499
Segment, Discontinued Operations [Member]
     
Revenues:      
Rental income from operating leases 3,709 5,394 11,284
Percentage rent 27 40 30
Real estate expense reimbursement from tenants 619 1,647 1,944
Interest and other income from real estate transactions 37 578 471
Total revenues 4,392 7,659 13,729
Operating expenses:      
General and administrative 22 101 123
Real estate 1,146 2,363 3,098
Depreciation and amortization 306 627 2,043
Total operating expenses 1,905 3,091 10,894
Other expenses (revenues):      
Interest and other income 0 (2) (6)
Interest expense 1,382 2,655 3,790
Total other expenses (revenues) 1,382 2,653 3,784
Earnings from continuing operations before income tax benefit (expense), equity in earnings of unconsolidated affiliate and gain on extinguishment of debt 1,105 1,915 (949)
Gain on disposition of real estate 424 1,434 2,950
Income tax benefit (expense) (198) (625) (169)
Loss (earnings) attributable to noncontrolling interests:      
Net loss (income) attributable to noncontrolling interest $ 80 $ (11) $ 166