Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net earnings		$ 196,987	$ 201,037
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		132,966	123,118
Impairment losses – real estate, net of recoveries		6,047	2,148
Amortization of notes payable discount		1,593	1,384
Amortization of debt costs		2,944	3,088
Amortization of interest rate hedges		929	1,242
Settlement of forward starting swaps		(409)	0
Gain on disposition of real estate		(20,011)	(22,442)
Performance incentive plan expense		8,692	6,852
Performance incentive plan payment		(1,702)	(1,274)
Change in operating assets and liabilities, net of assets acquired and liabilities assumed:
Decrease in receivables		476	1,098
Decrease (increase) in accrued rental income		(84)	131
Increase in other assets		(1,560)	(1,602)
Increase (decrease) in accrued interest payable		986	(3,443)
Increase (decrease) in other liabilities		(5,247)	61
Other		95	(204)
Net cash provided by operating activities		322,702	311,194
Cash flows from investing activities:
Proceeds from the disposition of real estate		67,198	86,268
Additions to real estate		(453,909)	(224,986)
Principal payments received on mortgages and notes receivable		460	344
Other		(718)	(974)
Net cash used in investing activities		(386,969)	(139,348)
Cash flows from financing activities:
Proceeds from line of credit payable		618,000	408,000
Repayment of line of credit payable		(350,300)	(528,000)
Proceeds from notes payable		0	493,840
Repayment of notes payable		0	(350,000)
Payment of debt issuance costs		(187)	(13,014)
Proceeds from issuance of common stock		11,593	35,116
Stock issuance costs		(252)	(298)
Payment of common stock dividends		(216,901)	(205,843)
Net cash provided by (used in) financing activities		61,953	(160,199)
Net increase (decrease) in cash, cash equivalents and restricted cash	[1]	(2,314)	11,647
Cash, cash equivalents and restricted cash at beginning of period	[1]	9,062	5,155
Cash, cash equivalents and restricted cash at end of period	[1]	6,748	16,802
Supplemental disclosure of cash flow information:
Interest paid, net of amount capitalized		92,016	91,851
Supplemental disclosure of noncash investing and financing activities:
Change in other comprehensive income		520	1,242
Change in work in progress accrual		$ 11,020	$ 10,048

[1] Cash, cash equivalents and restricted cash is the aggregate of cash and cash equivalents and restricted cash and cash held in escrow from the Condensed Consolidated Balance Sheets. As of June 30, 2025, December 31, 2024 and June 30, 2024, NNN had restricted cash of $775, $331 and $14,672, respectively.