Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of ATM Program

The following outlines NNN's ATM:

	2023 ATM	2020 ATM
Shelf registration statement:
Effective date	August 2023	August 2020
Termination date	August 2026	August 2023
Total allowable shares	17,500,000	17,500,000
Total shares issued as of June 30, 2024	803,443	7,722,511

Schedule of Common Stock Issuances Pursuant to NNN's ATM

The following table outlines the common stock issuances pursuant to NNN's ATM (dollars in thousands, except per share data):

	Six Months Ended June 30,
	2024		2023
Shares of common stock		803,443		650,135
Average price per share (net)	$	41.69	$	43.98
Net proceeds	$	33,493	$	28,592
Stock issuance costs(1)	$	234	$	558

(1) Stock issuance costs consist primarily of underwriters' and agents' fees and commissions, and legal and accounting fees.

Schedule of Common Stock Issuances Pursuant to NNN's DRIP

The following outlines the common stock issuances pursuant to NNN's DRIP (dollars in thousands):

	Six Months Ended June 30,
	2024		2023
Shares of common stock		34,309		35,922
Net proceeds	$	1,313	$	1,615

Schedule of Dividends Declared and Paid

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

	Quarter Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Dividends	$	103,159	$	99,745	$	205,843	$	199,146
Per share		0.5650		0.5500		1.1300		1.1000