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Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Earnings including noncontrolling interests $ 92,416,000 $ 73,353,000 $ 56,399,000
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Performance incentive plan expense 8,283,000 5,756,000 4,172,000
Stock option expense - tax effect 0 122,000 190,000
Depreciation and amortization 58,817,000 49,084,000 48,485,000
Impairment losses and other charges 2,115,000 7,458,000 41,710,000
Impairment - commercial mortgage residual interests valuation 1,024,000 3,995,000 498,000
Amortization of notes payable discount 6,191,000 6,360,000 6,006,000
Amortization of deferred interest rate hedges 9,000 (166,000) (159,000)
Equity in earnings of unconsolidated affiliate (474,000) (428,000) (421,000)
Distributions received from unconsolidated affiliate 593,000 578,000 607,000
Gain on disposition of real estate portfolio (721,000) (2,075,000) (2,987,000)
Gain on extinguishment of debt 0 0 (3,432,000)
Deferred income taxes 884,000 (2,544,000) (16,649,000)
Income tax valuation allowance 0 3,121,000 14,900,000
Change in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:      
Additions to held for sale real estate (1,025,000) (478,000) (2,457,000)
Proceeds from disposition of held for sale real estate 1,993,000 42,817,000 6,276,000
Decrease in real estate leased to others using the direct financing method 1,595,000 1,544,000 1,378,000
Decrease (increase) in work in process (1,213,000) (755,000) (786,000)
Increase in mortgages, notes and accrued interest receivable (96,000) (467,000) (10,000)
Decrease (increase) in receivables 1,108,000 (219,000) 941,000
Decrease (increase) in commercial mortgage residual interests (654,000) 1,516,000 (291,000)
Decrease (increase) in accrued rental income 253,000 124,000 (2,061,000)
Decrease (increase) in other assets 746,000 (53,000) (172,000)
Decrease in accrued interest payable 7,766,000 (129,000) (137,000)
Decrease in other liabilities 2,682,000 (431,000) (2,930,000)
Increase (decrease) in current tax liability 654,000 (169,000) 432,000
Net cash provided by operating activities 182,946,000 187,914,000 149,502,000
Cash flows from investing activities:      
Proceeds from the disposition of real estate, Investment Portfolio 10,696,000 10,312,000 14,588,000
Additions to real estate, Investment Portfolio:      
Accounted for using the operating method (756,633,000) (230,928,000) (44,433,000)
Payments To Acquire Real Estate Held For Investments Direct Financing Lease (1,747,000) 0 0
Increase in mortgages and notes receivable (9,838,000) (8,564,000) (959,000)
Principal payments on mortgages and notes receivable 6,837,000 13,818,000 4,009,000
Payment of lease costs (1,589,000) (1,324,000) (451,000)
Other 206,000 (3,574,000) (817,000)
Net cash used in investing activities (752,068,000) (220,260,000) (28,063,000)
Cash flows from financing activities:      
Proceeds from line of credit payable 805,300,000 278,900,000 132,400,000
Repayment of line of credit payable (900,700,000) (117,900,000) (158,900,000)
Payment of interest rate hedge (5,218,000) 0 0
Repayment of mortgages payable (1,098,000) (6,453,000) (1,000,000)
Proceeds from notes payable 295,731,000 0 0
Repurchase of notes payable – convertible – debt component 0 0 (14,785,000)
Repurchase of notes payable – convertible – equity component 0 0 (795,000)
Repayment of notes payable 0 (20,000,000) 0
Payment of debt costs (5,582,000) (75,000) (6,275,000)
Proceeds from issuance of common stock 540,560,000 17,692,000 68,060,000
Payment of Series C preferred stock dividends (6,785,000) (6,785,000) (6,785,000)
Payment of common stock dividends (133,720,000) (125,391,000) (120,256,000)
Noncontrolling interest distributions (45,000) (861,000) (552,000)
Noncontrolling interest contributions 41,000 43,000 152,000
Stock issuance costs (19,328,000) (1,000) (104,000)
Net cash provided by (used in) financing activities 569,156,000 19,169,000 (108,840,000)
Net increase (decrease) in cash and cash equivalents 34,000 (13,177,000) 12,599,000
Cash and cash equivalents at beginning of year 2,048,000 15,225,000 2,626,000
Cash and cash equivalents at end of year 2,082,000 2,048,000 15,225,000
Supplemental disclosure of cash flow information:      
Interest paid, net of amount capitalized 63,474,000 62,386,000 61,475,000
Taxes paid (received) (561,000) 472,000 (63,000)
Supplemental disclosure of non-cash investing and financing activities:      
Issued 141,351, 392,474 and 262,546 shares of restricted and unrestricted common stock in 2011, 2010 and 2009, respectively, pursuant to NNN's performance incentive plan 3,456,000 6,889,000 4,290,000
Issued 9,632, 10,092 and 6,594 shares of common stock in 2011, 2010 and 2009, respectively, to directors pursuant to NNN's performance incentive plan 250,000 236,000 118,000
Issued 26,023, 25,066 and 41,604 shares of common stock in 2011, 2010 and 2009, respectively, pursuant to NNN's Deferred Director Fee Plan 449,000 401,000 611,000
Surrender of 5,215 shares of restricted stock in 2008 109,000 0 0
Change in other comprehensive income (5,491,000) 1,150,000 (1,903,000)
Change in lease classification (direct financing lease to operating lease) 3,407,000 0 0
Transfer of real estate from Portfolio to held for sale 0 0 16,058,000
Note and mortgage receivable accepted in connection with real estate transactions 0 5,950,000 1,550,000
Mortgages payable assumed in connection with real estate transactions 0 5,432,000 0
Real estate acquired in connection with mortgage receivable foreclosure 0 6,250,000 4,240,000
Assets received in note receivable foreclosure 0 0 5,527,000
Note receivable foreclosures $ 0 $ 0 $ (17,013,000)