$NNN
NNN REIT, INC.

2012 Q2 Form 10-Q Financial Statement

#000075136412000005 Filed on May 04, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $81.21M $77.39M $61.53M
YoY Change 31.26% 25.77% -2.33%
Cost Of Revenue $30.50M $15.60M $12.50M
YoY Change 94.27% 24.8% 23.76%
Gross Profit $39.70M $72.90M $57.80M
YoY Change -32.25% 26.12% 9.26%
Gross Profit Margin 48.89% 94.2% 93.94%
Selling, General & Admin $7.000M $7.600M $6.700M
YoY Change 6.06% 13.43% 19.64%
% of Gross Profit 17.63% 10.43% 11.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.10M $18.26M $13.67M
YoY Change 36.43% 33.6% 13.92%
% of Gross Profit 48.11% 25.05% 23.65%
Operating Expenses $32.29M $29.98M $23.87M
YoY Change 31.7% 25.62% 37.16%
Operating Profit $49.22M $47.57M $37.66M
YoY Change 29.4% 26.3% 6.09%
Interest Expense $19.57M $19.82M $17.66M
YoY Change 11.75% 12.21% -212.5%
% of Operating Profit 39.76% 41.66% 46.9%
Other Income/Expense, Net -$19.21M -$19.46M -$17.32M
YoY Change 11.49% 12.36%
Pretax Income $30.01M $28.11M $20.34M
YoY Change 44.24% 38.18% 26.34%
Income Tax $156.0K $115.0K -$19.00K
% Of Pretax Income 0.52% 0.41% -0.09%
Net Earnings $33.51M $29.83M $20.82M
YoY Change 57.28% 43.29% 27.22%
Net Earnings / Revenue 41.26% 38.55% 33.84%
Basic Earnings Per Share $0.26 $0.23 $0.23
Diluted Earnings Per Share $0.26 $0.23 $0.23
COMMON SHARES
Basic Shares Outstanding 106.0M shares 104.8M shares 83.12M shares
Diluted Shares Outstanding 107.5M shares 106.2M shares 83.57M shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.900M $3.000M $2.600M
YoY Change -19.44% 15.38% -91.67%
Cash & Equivalents $2.907M $3.033M $2.557M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $31.20M
Prepaid Expenses
Receivables $1.500M $1.600M $2.800M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.400M $4.600M $36.60M
YoY Change -88.24% -87.43% -64.88%
LONG-TERM ASSETS
Property, Plant & Equipment $3.511B $3.419B $2.591B
YoY Change 33.37% 31.95% 10.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.70M $19.30M $20.90M
YoY Change -19.32% -7.66% -1.42%
Other Assets $49.50M $53.00M $8.200M
YoY Change 410.31% 546.34% -35.94%
Total Long-Term Assets $3.700B $3.608B $2.717B
YoY Change 33.98% 32.79% 8.79%
TOTAL ASSETS
Total Short-Term Assets $4.400M $4.600M $36.60M
Total Long-Term Assets $3.700B $3.608B $2.717B
Total Assets $3.704B $3.613B $2.754B
YoY Change 32.34% 31.19% 5.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $14.40M $21.90M $19.00M
YoY Change 97.26% 15.26% 2.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.40M $21.90M $19.00M
YoY Change 97.26% 15.26% 2.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.375B $1.301B $1.158B
YoY Change 15.07% 12.29% 16.52%
Other Long-Term Liabilities $87.50M $73.90M $39.50M
YoY Change 116.58% 87.09% 35.27%
Total Long-Term Liabilities $1.462B $1.375B $1.198B
YoY Change 18.39% 14.75% 17.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.40M $21.90M $19.00M
Total Long-Term Liabilities $1.462B $1.375B $1.198B
Total Liabilities $1.477B $1.396B $1.218B
YoY Change 18.73% 14.63% 16.66%
SHAREHOLDERS EQUITY
Retained Earnings -$74.12M -$60.62M
YoY Change
Common Stock $1.076M $1.067M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.226B $2.215B $1.536B
YoY Change
Total Liabilities & Shareholders Equity $3.704B $3.613B $2.754B
YoY Change 32.34% 31.19% 5.84%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $33.51M $29.83M $20.82M
YoY Change 57.28% 43.29% 27.22%
Depreciation, Depletion And Amortization $19.10M $18.26M $13.67M
YoY Change 36.43% 33.6% 13.92%
Cash From Operating Activities $49.70M $50.60M $48.87M
YoY Change 71.38% 3.55% 5.31%
INVESTING ACTIVITIES
Capital Expenditures -$97.10M -$191.7M -$59.30M
YoY Change 79.48% 223.27% 812.31%
Acquisitions
YoY Change
Other Investing Activities $6.000M $139.0K -$463.0K
YoY Change -322.22% -130.02% -166.14%
Cash From Investing Activities -$91.10M -$190.7M -$57.94M
YoY Change 59.82% 229.07% 899.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $37.55M $20.03M
YoY Change 87.52%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 41.30M $141.0M $9.587M
YoY Change 42.91% 1371.04% -138.97%
NET CHANGE
Cash From Operating Activities 49.70M $50.60M $48.87M
Cash From Investing Activities -91.10M -$190.7M -$57.94M
Cash From Financing Activities 41.30M $141.0M $9.587M
Net Change In Cash -100.0K $951.0K $509.0K
YoY Change -111.11% 86.84% -96.82%
FREE CASH FLOW
Cash From Operating Activities $49.70M $50.60M $48.87M
Capital Expenditures -$97.10M -$191.7M -$59.30M
Free Cash Flow $146.8M $242.3M $108.2M
YoY Change 76.65% 124.01% 104.47%

Facts In Submission

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CY2012Q1 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
50767000 USD
CY2012Q1 us-gaap Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
May 2015
CY2012Q1 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.018
CY2011Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
450000000 USD
CY2012Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
423800000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
33428000 USD
CY2012Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
36366000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1378000 USD
CY2012Q1 us-gaap Minority Interest
MinorityInterest
1370000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
141029000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9587000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-57944000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-190678000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
50600000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48866000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
29832000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
20820000 USD
CY2011Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-33000 USD
CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24755000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19124000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
24189000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
18990000 USD
CY2011Q4 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
25752000 USD
CY2012Q1 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
25359000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
894967000 USD
CY2012Q1 us-gaap Notes Payable
NotesPayable
895103000 USD
CY2011Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1362922000 USD
CY2012Q1 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1376658000 USD
CY2012Q1 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
0
CY2012Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
30332000 USD
CY2011Q1 us-gaap Operating Expenses
OperatingExpenses
23866000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
37661000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
48488000 USD
CY2011Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
57007000 USD
CY2012Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
73625000 USD
CY2012Q1 us-gaap Other Assets
OtherAssets
54324000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
53382000 USD
CY2011Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1663000 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2011Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
60000 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
CY2012Q1 us-gaap Other Income
OtherIncome
755000 USD
CY2011Q1 us-gaap Other Income
OtherIncome
767000 USD
CY2012Q1 us-gaap Other Liabilities
OtherLiabilities
73879000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
76336000 USD
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19259000 USD
CY2011Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17320000 USD
CY2011Q1 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
138000 USD
CY2012Q1 us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
615000 USD
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
139000 USD
CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-463000 USD
CY2011Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2012Q1 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
92000000 USD
CY2012Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40432000 USD
CY2011Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31678000 USD
CY2012Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1979000 USD
CY2011Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1696000 USD
CY2012Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
9922000 USD
CY2011Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
CY2011Q1 us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
92000 USD
CY2012Q1 us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
4385000 USD
CY2012Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
3935000 USD
CY2011Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1245000 USD
CY2011Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
57512000 USD
CY2012Q1 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
191745000 USD
CY2012Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2011Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
33000 USD
CY2012Q1 us-gaap Percentage Rent
PercentageRent
111000 USD
CY2011Q1 us-gaap Percentage Rent
PercentageRent
115000 USD
CY2011Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.4609
CY2012Q1 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.5378
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2012Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
563000 USD
CY2011Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1462000 USD
CY2012Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
-1038000 USD
CY2011Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
20025000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
37550000 USD
CY2011Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
287500000 USD
CY2011Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
129500000 USD
CY2012Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
242400000 USD
CY2012Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2011Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
41000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2011Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1058000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
5193000 USD
CY2011Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
773000 USD
CY2011Q1 us-gaap Profit Loss
ProfitLoss
20853000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
29824000 USD
CY2011Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
269687000 USD
CY2012Q1 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
285560000 USD
CY2011Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2012Q1 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
490000 USD
CY2012Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3393906000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3223304000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
2214802000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
2002498000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2003876000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2216172000 USD
CY2012Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
281800000 USD
CY2011Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
106300000 USD
CY2012Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
288000 USD
CY2011Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
272000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-60623000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44946000 USD
CY2012Q1 us-gaap Revenues
Revenues
78658000 USD
CY2011Q1 us-gaap Revenues
Revenues
61529000 USD
CY2012Q1 us-gaap Secured Debt
SecuredDebt
22883000 USD
CY2011Q4 us-gaap Secured Debt
SecuredDebt
23171000 USD
CY2012Q1 us-gaap Square Footage Of Real Estate Property
SquareFootageOfRealEstateProperty
16999000
CY2012Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3098000 USD
CY2011Q1 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2012Q1 us-gaap Tenant Reimbursements
TenantReimbursements
2832000 USD
CY2011Q1 us-gaap Tenant Reimbursements
TenantReimbursements
2280000 USD
CY2012Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Management of NNN has made a number of estimates and assumptions relating to the reporting of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. Significant estimates include provision for impairment and allowances for certain assets, accruals, useful lives of assets and purchase price allocation. Actual results could differ from those estimates.</font></div></div>
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83570438 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106211366 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104840867 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83122731 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-580738 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-568163 shares
CY2011Q4 nnn Allowance Rental Income
AllowanceRentalIncome
4870000 USD
CY2012Q1 nnn Allowance Rental Income
AllowanceRentalIncome
4875000 USD
CY2012Q1 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
56000 USD
CY2011Q1 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
-43000 USD
CY2012Q1 nnn Change In Lease Classification
ChangeInLeaseClassification
757000 USD
CY2011Q1 nnn Change In Lease Classification
ChangeInLeaseClassification
0 USD
CY2012Q1 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
5319000 USD
CY2011Q4 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
6363000 USD
CY2012Q1 nnn Debt Instrument Maturity Date Option To Extend
DebtInstrumentMaturityDateOptionToExtend
May 2016.
CY2012Q1 nnn Distribution Of Taxable Income Requirement
DistributionOfTaxableIncomeRequirement
0.90
CY2012Q1 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-566000 USD
CY2011Q1 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-134000 USD
CY2012Q1 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
150036 shares
CY2011Q1 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
146190 shares
CY2012Q1 nnn Excess Stock
ExcessStock
0 USD
CY2011Q4 nnn Excess Stock
ExcessStock
0 USD
CY2012Q1 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2011Q4 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2012Q1 nnn Excess Stock Shares Authorized
ExcessStockSharesAuthorized
205000000 shares
CY2011Q4 nnn Excess Stock Shares Authorized
ExcessStockSharesAuthorized
205000000 shares
CY2012Q1 nnn Excess Stock Shares Issued
ExcessStockSharesIssued
0 shares
CY2011Q4 nnn Excess Stock Shares Issued
ExcessStockSharesIssued
0 shares
CY2011Q4 nnn Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
0 shares
CY2012Q1 nnn Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
0 shares
CY2012Q1 nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
28000 USD
CY2011Q1 nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
0 USD
CY2011Q1 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
0 USD
CY2012Q1 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
35000 USD
CY2011Q1 nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
322000 USD
CY2012Q1 nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
430000 USD
CY2012Q1 nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-402000 USD
CY2011Q1 nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-413000 USD
CY2011Q1 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
CY2012Q1 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
25471 shares
CY2012Q1 nnn Investment Portfolio Amount Funded
InvestmentPortfolioAmountFunded
123858000 USD
CY2012Q1 nnn Investment Portfolio Funding Commitments
InvestmentPortfolioFundingCommitments
184819000 USD
CY2012Q1 nnn Investment Portfolio Remaining Commitment
InvestmentPortfolioRemainingCommitment
60961000 USD
CY2012Q1 nnn Investment Properties Total
InvestmentPropertiesTotal
1486
CY2012Q1 nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
5317 shares
CY2011Q1 nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
7115 shares
CY2012Q1 nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
4122 shares
CY2011Q1 nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
2391 shares
CY2012Q1 nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
396577 shares
CY2011Q1 nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
139351 shares
CY2012Q1 nnn Line Of Credit Facilities Table Block
LineOfCreditFacilitiesTableBlock
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Line of Credit Payable</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, NNN amended and restated its credit agreement increasing the borrowing capacity under its unsecured revolving credit facility from $</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">400,000,000</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$450,000,000</font><font style="font-family:inherit;font-size:10pt;"> and amending certain other terms under the former revolving credit facility (as the context requires, the previous and new revolving credit facility, the &#8220;Credit Facility&#8221;). The Credit Facility had a weighted average outstanding balance of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$50,767,000</font><font style="font-family:inherit;font-size:10pt;"> and a weighted average interest rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.8%</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">quarter ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">. The Credit Facility matures </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">May 2015</font><font style="font-family:inherit;font-size:10pt;">, with an option to extend maturity to</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"> May 2016.</font><font style="font-family:inherit;font-size:10pt;"> The Credit Facility bears interest at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">LIBOR plus 150</font><font style="font-family:inherit;font-size:10pt;"> basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Credit Facility also includes an accordion feature to increase the facility size up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$650,000,000</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$26,200,000</font><font style="font-family:inherit;font-size:10pt;"> was outstanding and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$423,800,000</font><font style="font-family:inherit;font-size:10pt;"> was available for future borrowings under the Credit Facility, excluding undrawn letters of credit totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3,857,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2012Q1 nnn Line Of Credit Facility Option To Increase Facility Size Through Accordion Feature
LineOfCreditFacilityOptionToIncreaseFacilitySizeThroughAccordionFeature
650000000 USD
CY2011Q1 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
18990000 USD
CY2012Q1 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
24189000 USD
CY2012Q1 nnn Number Of Properties With Funding Commitments
NumberOfPropertiesWithFundingCommitments
60
CY2012Q1 nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
CY2011Q1 nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
CY2011Q1 nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
1747000 USD
CY2012Q1 nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
0 USD
CY2012Q1 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
2257000 USD
CY2011Q1 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
1739000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3163198000 USD
CY2012Q1 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3322497000 USD
CY2012Q1 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3608057000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3432885000 USD
CY2011Q1 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
8852000 USD
CY2012Q1 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
11062000 USD
CY2012Q1 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
162000 USD
CY2011Q1 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
-2000 USD
CY2011Q1 nnn Retail Operations Revenues
RetailOperationsRevenues
8850000 USD
CY2012Q1 nnn Retail Operations Revenues
RetailOperationsRevenues
11224000 USD
CY2011Q2 nnn Revolving Credit Facility Original Borrowing Capacity
RevolvingCreditFacilityOriginalBorrowingCapacity
400000000 USD
CY2012Q1 nnn Stock Authorized Shares Employee Dividend Reinvestment And Stock Purchase Plan
StockAuthorizedSharesEmployeeDividendReinvestmentAndStockPurchasePlan
16000000 shares
CY2011Q1 nnn Stock Value Adjustment
StockValueAdjustment
19000 USD
CY2012Q1 nnn Stock Value Adjustment
StockValueAdjustment
1000 USD
CY2011Q1 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1661000 USD
CY2012Q1 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
55000 USD
CY2011Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
122000 USD
CY2012Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
74000 USD
CY2012Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
112000 USD
CY2011Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
59000 USD
CY2012Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8576000 USD
CY2011Q1 nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
3407000 USD
CY2011Q1 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
83955295 shares
CY2012Q1 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
105635630 shares
CY2012Q1 nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000751364
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
107016695 shares
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
NATIONAL RETAIL PROPERTIES, INC.

Files In Submission

Name View Source Status
0000751364-12-000005-index-headers.html Edgar Link pending
0000751364-12-000005-index.html Edgar Link pending
0000751364-12-000005.txt Edgar Link pending
0000751364-12-000005-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
form10-qx2012331nnn.htm Edgar Link pending
nnn-20110331xexhibit312.htm Edgar Link pending
nnn-20120331.xml Edgar Link completed
nnn-20120331.xsd Edgar Link pending
nnn-20120331xexhibit1015.htm Edgar Link pending
nnn-20120331xexhibit1016.htm Edgar Link pending
nnn-20120331xexhibit1017.htm Edgar Link pending
nnn-20120331xexhibit311.htm Edgar Link pending
nnn-20120331xexhibit321.htm Edgar Link pending
nnn-20120331xexhibit322.htm Edgar Link pending
nnn-20120331xexhibit420.htm Edgar Link pending
nnn-20120331_cal.xml Edgar Link unprocessable
nnn-20120331_def.xml Edgar Link unprocessable
nnn-20120331_lab.xml Edgar Link unprocessable
nnn-20120331_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending