$NNN
NNN REIT, INC.

2012 Q4 Form 10-Q Financial Statement

#000075136412000018 Filed on November 05, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q4
Revenue $88.50M $84.39M $84.40M
YoY Change 4.86% 26.66% 24.3%
Cost Of Revenue $23.70M $3.800M $15.80M
YoY Change 50.0% -76.25% 31.67%
Gross Profit $64.80M $80.50M $68.60M
YoY Change -5.54% 33.94% 22.5%
Gross Profit Margin 73.22% 95.39% 81.28%
Selling, General & Admin $8.900M $8.700M $8.600M
YoY Change 3.49% 24.29% 56.36%
% of Gross Profit 13.73% 10.81% 12.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.40M $17.50M $16.00M
YoY Change 27.5% 15.89% 24.03%
% of Gross Profit 31.48% 21.74% 23.32%
Operating Expenses -$27.90M $32.96M $24.10M
YoY Change -215.77% 25.58% 33.15%
Operating Profit $92.70M $51.43M $44.50M
YoY Change 108.31% 24.78% 17.41%
Interest Expense -$20.40M $23.04M -$19.20M
YoY Change 6.25% 14.7% 17.79%
% of Operating Profit -22.01% 44.8% -43.15%
Other Income/Expense, Net -$21.85M
YoY Change 11.29%
Pretax Income $72.40M $29.59M $26.60M
YoY Change 172.18% 37.04% 90.0%
Income Tax $200.0K -$7.438M $500.0K
% Of Pretax Income 0.28% -25.14% 1.88%
Net Earnings $78.70M $38.02M $27.57M
YoY Change 185.46% 67.97% 93.95%
Net Earnings / Revenue 88.93% 45.05% 32.67%
Basic Earnings Per Share $0.31 $0.26
Diluted Earnings Per Share $701.4K $0.30 $0.26
COMMON SHARES
Basic Shares Outstanding 110.0M shares 107.5M shares
Diluted Shares Outstanding 110.3M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.100M $141.4M $2.100M
YoY Change 0.0% 617.77% 5.0%
Cash & Equivalents $2.076M $141.4M $2.082M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $17.50M
Prepaid Expenses
Receivables $3.100M $1.200M $2.800M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $22.70M $142.6M $4.900M
YoY Change 363.27% 168.55% -9.26%
LONG-TERM ASSETS
Property, Plant & Equipment $3.817B $3.590B $3.251B
YoY Change 17.43% 21.83% 27.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.10M $12.50M $19.70M
YoY Change -33.5% -39.61% -3.43%
Other Assets $12.80M $64.70M $47.80M
YoY Change -73.22% 477.68% 1.49%
Total Long-Term Assets $3.965B $3.792B $3.430B
YoY Change 15.62% 22.57% 26.64%
TOTAL ASSETS
Total Short-Term Assets $22.70M $142.6M $4.900M
Total Long-Term Assets $3.965B $3.792B $3.430B
Total Assets $3.988B $3.934B $3.434B
YoY Change 16.12% 25.04% 26.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $17.50M $22.10M $15.10M
YoY Change 15.89% -1.34% 106.85%
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 $17.50M $22.10M $15.10M
YoY Change 15.89% -1.34% 106.85%
LONG-TERM LIABILITIES
Long-Term Debt $1.587B $1.535B $1.339B
YoY Change 18.51% 20.61% 18.12%
Other Long-Term Liabilities $86.00M $99.10M $77.00M
YoY Change 11.69% 36.69% 75.8%
Total Long-Term Liabilities $1.673B $1.634B $1.416B
YoY Change 18.14% 21.48% 20.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.50M $22.10M $15.10M
Total Long-Term Liabilities $1.673B $1.634B $1.416B
Total Liabilities $1.690B $1.656B $1.431B
YoY Change 18.17% 20.99% 20.74%
SHAREHOLDERS EQUITY
Retained Earnings -$90.95M -$83.50M -$44.95M
YoY Change 102.36%
Common Stock $1.117M $1.096M $1.049M
YoY Change 6.48% 25.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.296B $2.277B $2.002B
YoY Change
Total Liabilities & Shareholders Equity $3.988B $3.934B $3.434B
YoY Change 16.12% 25.04% 26.56%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q4
OPERATING ACTIVITIES
Net Income $78.70M $38.02M $27.57M
YoY Change 185.46% 67.97% 93.95%
Depreciation, Depletion And Amortization $20.40M $17.50M $16.00M
YoY Change 27.5% 15.89% 24.03%
Cash From Operating Activities $55.60M $72.20M $43.80M
YoY Change 26.94% 17.97% 68.46%
INVESTING ACTIVITIES
Capital Expenditures -$268.8M -$127.3M -$322.1M
YoY Change -16.55% -60.58% 158.92%
Acquisitions
YoY Change
Other Investing Activities $49.30M $26.80M $2.000M
YoY Change 2365.0% 370.18% -25.93%
Cash From Investing Activities -$219.6M -$100.4M -$320.1M
YoY Change -31.4% -68.34% 163.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $198.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.60M 166.7M 258.8M
YoY Change -90.49% -38.69% 175.91%
NET CHANGE
Cash From Operating Activities 55.60M 72.20M 43.80M
Cash From Investing Activities -219.6M -100.4M -320.1M
Cash From Financing Activities 24.60M 166.7M 258.8M
Net Change In Cash -139.4M 138.5M -17.50M
YoY Change 696.57% 765.63% 821.05%
FREE CASH FLOW
Cash From Operating Activities $55.60M $72.20M $43.80M
Capital Expenditures -$268.8M -$127.3M -$322.1M
Free Cash Flow $324.4M $199.5M $365.9M
YoY Change -11.34% -48.06% 143.28%

Facts In Submission

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us-gaap Fair Value Measurements Significant Assumptions
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the key assumptions used in determining the value of the Residuals as of: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">September 30, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December 31, 2011</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Average life equivalent CPR </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:9pt;">&#160;speeds range</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.80%&#160;to&#160;20.42%&#160;CPR</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.18%&#160;to&#160;18.57%&#160;CPR</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Foreclosures:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Frequency curve default model</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.1% - 3.9% range</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.2% - 4.7% range</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Loss severity of loans in foreclosure</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Yield:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIBOR</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward&#160;3-month&#160;curve</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward&#160;3-month&#160;curve</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prime</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward curve</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward curve</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:9pt;"> Conditional prepayment rate.</font></div></div>
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
140000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4446000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23278000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20261000 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7036000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8652000 USD
us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
396000 USD
CY2012Q3 us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
0 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
96611000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.67
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.76
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.30
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.23
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.29
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.66
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.75
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.23
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
710000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
978000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2936000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4679000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-4000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
89000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
7000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
24000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.04
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
321000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3769000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4074000 USD
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
109000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7426000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
258000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7190000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
68000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
125000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
-541000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-7192000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
962000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
15029000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
7004000 USD
us-gaap Increase Decrease In Interests Continued To Be Held By Transferor Current
IncreaseDecreaseInInterestsContinuedToBeHeldByTransferorCurrent
204000 USD
us-gaap Increase Decrease In Interests Continued To Be Held By Transferor Current
IncreaseDecreaseInInterestsContinuedToBeHeldByTransferorCurrent
-286000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-170000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-37000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1365000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-571000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4893000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1548000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1734000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1014000 USD
CY2011Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2669 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1287 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3093 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-251826 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-276915 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-246698 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-251826 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1787275 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
385942 shares
CY2011Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
516775 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2692153 shares
CY2012Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
336000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1204000 USD
CY2011Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
278000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
846000 USD
us-gaap Interest Expense
InterestExpense
55260000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
22866000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
20086000 USD
us-gaap Interest Expense
InterestExpense
61905000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
1982000 USD
CY2012Q3 us-gaap Interest Income Operating
InterestIncomeOperating
512000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
1534000 USD
CY2011Q3 us-gaap Interest Income Operating
InterestIncomeOperating
381000 USD
us-gaap Interest Paid Net
InterestPaidNet
37117000 USD
us-gaap Interest Paid Net
InterestPaidNet
50872000 USD
CY2011Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
15108000 USD
CY2012Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
22112000 USD
CY2012Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
244000 USD
CY2011Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
15299000 USD
CY2012Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
12508000 USD
CY2011Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
50202000 USD
CY2012Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
53361000 USD
CY2012Q3 us-gaap Investment Income Net
InvestmentIncomeNet
1194000 USD
CY2011Q3 us-gaap Investment Income Net
InvestmentIncomeNet
457000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
1913000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
1083000 USD
CY2012Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4358000 USD
CY2012Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3800000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
1430553000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
1656120000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3434429000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3934198000 USD
CY2012Q3 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2011Q4 us-gaap Line Of Credit
LineOfCredit
65600000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
59015000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2015-05-31
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
CY2012Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
450000000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
33428000 USD
CY2012Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
29682000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1378000 USD
CY2012Q3 us-gaap Minority Interest
MinorityInterest
1315000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
0 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
14000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
310447000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
349038000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-381248000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-431962000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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85588000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20936000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59666000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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33253000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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20775000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
85059000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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33037000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Notes Assumed1
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0
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us-gaap Number Of Reportable Segments
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CY2011Q3 us-gaap Number Of Reportable Segments
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1 segments
us-gaap Number Of Reportable Segments
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1 segments
CY2012Q3 us-gaap Number Of States In Which Entity Operates
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47 states
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99982000 USD
CY2012Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2011Q3 us-gaap Operating Expenses
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us-gaap Operating Income Loss
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CY2011Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2011Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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175463000 USD
CY2012Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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CY2011Q4 us-gaap Other Assets
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
599000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
213000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Income
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CY2011Q3 us-gaap Other Income
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782000 USD
us-gaap Other Income
OtherIncome
2325000 USD
CY2012Q3 us-gaap Other Income
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593000 USD
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CY2012Q3 us-gaap Other Liabilities
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us-gaap Other Nonoperating Income Expense
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CY2011Q3 us-gaap Other Nonoperating Income Expense
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CY2012Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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266000 USD
us-gaap Other Operating Activities Cash Flow Statement
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0 USD
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0 USD
us-gaap Payments For Hedge Financing Activities
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5300000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
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1583000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
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862000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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313000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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2191000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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0 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
92000000 USD
us-gaap Payments Of Debt Issuance Costs
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5464000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2992000 USD
us-gaap Payments Of Dividends Common Stock
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124139000 USD
us-gaap Payments Of Dividends Common Stock
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96915000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10224000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
11200000 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
790000 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
4941000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
5706000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
8768000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
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434532000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
414843000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
45000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2012Q3 us-gaap Percentage Rent
PercentageRent
242000 USD
us-gaap Percentage Rent
PercentageRent
574000 USD
us-gaap Percentage Rent
PercentageRent
476000 USD
CY2011Q3 us-gaap Percentage Rent
PercentageRent
229000 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
4938000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
10668000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
2350000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1220000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
299528000 USD
us-gaap Proceeds From Issuance Of Common Stock
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119259000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
287500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
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504800000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
685900000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
41000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
295731000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
320011000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1058000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
8138000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
32371000 USD
us-gaap Profit Loss
ProfitLoss
64731000 USD
us-gaap Profit Loss
ProfitLoss
101290000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
22608000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
37990000 USD
CY2011Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
269472000 USD
CY2012Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
317858000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
490000 USD
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RealEstateInvestmentPropertyNet
3565782000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3211022000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
751500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
665800000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
50000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
19134000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
816000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-83497000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44946000 USD
CY2011Q3 us-gaap Revenues
Revenues
66626000 USD
us-gaap Revenues
Revenues
188729000 USD
us-gaap Revenues
Revenues
244856000 USD
CY2012Q3 us-gaap Revenues
Revenues
85013000 USD
us-gaap Use Of Estimates
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<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 GAAP. 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>
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-7700000 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
85772590 shares
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
7296000 USD
CY2012Q3 us-gaap Secured Debt
SecuredDebt
10873000 USD
CY2011Q4 us-gaap Secured Debt
SecuredDebt
23171000 USD
CY2012Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2011Q3 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3098000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
2002498000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
2276763000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2003876000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2278078000 USD
us-gaap Straight Line Rent
StraightLineRent
695000 USD
us-gaap Straight Line Rent
StraightLineRent
-93000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
6859000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
7967000 USD
CY2012Q3 us-gaap Tenant Reimbursements
TenantReimbursements
2647000 USD
CY2011Q3 us-gaap Tenant Reimbursements
TenantReimbursements
2437000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108091909 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85438870 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87788250 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110339705 shares
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
88008849 shares
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108461120 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
107039590 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87109406 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107487935 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106140002 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84896946 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-623818 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-652890 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-696270 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-647617 shares
CY2012Q3 nnn Allowance Rental Income
AllowanceRentalIncome
3086000 USD
CY2011Q4 nnn Allowance Rental Income
AllowanceRentalIncome
4870000 USD
CY2011Q3 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
38000 USD
CY2012Q3 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
57000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
-47000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
171000 USD
nnn Assets Received In Note Receivable Foreclosure
AssetsReceivedInNoteReceivableForeclosure
1595000 USD
nnn Assets Received In Note Receivable Foreclosure
AssetsReceivedInNoteReceivableForeclosure
0 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
757000 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
3407000 USD
CY2012Q3 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
3174000 USD
CY2011Q4 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
6363000 USD
nnn Debt Instrument Maturity Date Option To Extend
DebtInstrumentMaturityDateOptionToExtend
May 2016.
CY2010 nnn Deferred Income Tax Benefit Understated Amount
DeferredIncomeTaxBenefitUnderstatedAmount
3100000 USD
CY2009 nnn Deferred Income Tax Benefit Understated Amount
DeferredIncomeTaxBenefitUnderstatedAmount
4600000 USD
CY2011Q4 nnn Deferred Tax Assets Net Understated Amount
DeferredTaxAssetsNetUnderstatedAmount
7700000 USD
CY2010Q4 nnn Deferred Tax Assets Net Understated Amount
DeferredTaxAssetsNetUnderstatedAmount
7700000 USD
nnn Discount Rate Valuation Adjustment
DiscountRateValuationAdjustment
0.25
CY2011 nnn Discount Rate Valuation Adjustment
DiscountRateValuationAdjustment
0.25
CY2012Q3 nnn Distribution Of Taxable Income Requirement
DistributionOfTaxableIncomeRequirement
0.90
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-525000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-442000 USD
CY2012Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-215000 USD
CY2011Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-160000 USD
CY2012Q3 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
159617 shares
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
152889 shares
CY2011Q3 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
159400 shares
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
154886 shares
CY2012Q3 nnn Excess Stock
ExcessStock
0 USD
CY2011Q4 nnn Excess Stock
ExcessStock
0 USD
CY2011Q4 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2012Q3 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
0 USD
nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
198000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
9043000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
431000 USD
CY2011Q3 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
0 USD
CY2012Q3 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
7261000 USD
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
0 USD
nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
856000 USD
nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
1225000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-1222000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-1191000 USD
CY2011Q3 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
CY2012Q3 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
8459 shares
nnn Investment Portfolio Amount Funded
InvestmentPortfolioAmountFunded
146715000 USD
nnn Investment Portfolio Funding Commitments
InvestmentPortfolioFundingCommitments
184286000 USD
nnn Investment Portfolio Remaining Commitment
InvestmentPortfolioRemainingCommitment
37571000 USD
CY2012Q3 nnn Investment Properties Total
InvestmentPropertiesTotal
1530 properties
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
14836 shares
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
19962 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
6975 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
12373 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
141351 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
396577 shares
nnn Libor Yield
LiborYield
Forward 3-month curve
CY2011 nnn Libor Yield
LiborYield
Forward 3-month curve
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;">59,015,000</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;">nine months ended September 30</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">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;">, subject to lender approval. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, there was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> outstanding balance, and $</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;"> 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;">$3,800,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2012Q3 nnn Line Of Credit Facility Option To Increase Facility Size Through Accordion Feature
LineOfCreditFacilityOptionToIncreaseFacilitySizeThroughAccordionFeature
650000000 USD
nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
CY2011 nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
59224000 USD
CY2012Q3 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
33038000 USD
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
85063000 USD
CY2011Q3 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
20776000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
nnn Number Of Properties With Funding Commitments
NumberOfPropertiesWithFundingCommitments
54 properties
nnn Number Of Securitizations
NumberOfSecuritizations
7 securitizations
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
213000 USD
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
599000 USD
nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
1747000 USD
nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
0 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
7010000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
5057000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3156093000 USD
CY2012Q3 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3459344000 USD
CY2012Q3 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3777202000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3425565000 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
32175000 USD
CY2012Q3 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
0 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
18543000 USD
CY2011Q3 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
11563000 USD
CY2012Q3 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
0 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
465000 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
1527000 USD
CY2011Q3 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
839000 USD
CY2012Q3 nnn Retail Operations Revenues
RetailOperationsRevenues
0 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
19008000 USD
CY2011Q3 nnn Retail Operations Revenues
RetailOperationsRevenues
12402000 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
33702000 USD
CY2011Q2 nnn Revolving Credit Facility Original Borrowing Capacity
RevolvingCreditFacilityOriginalBorrowingCapacity
400000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q1 nnn Stock Authorized Shares Employee Dividend Reinvestment And Stock Purchase Plan
StockAuthorizedSharesEmployeeDividendReinvestmentAndStockPurchasePlan
16000000 shares
nnn Stock Value Adjustment
StockValueAdjustment
2000 USD
CY2011Q3 nnn Stock Value Adjustment
StockValueAdjustment
8000 USD
CY2012Q3 nnn Stock Value Adjustment
StockValueAdjustment
1000 USD
nnn Stock Value Adjustment
StockValueAdjustment
34000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-382000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-4701000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
223000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
338000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
346000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
177000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8576000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
3456000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
109000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
113000 USD
nnn Surrender Of Restricted Stock Shares
SurrenderOfRestrictedStockShares
4712 shares
nnn Surrender Of Restricted Stock Shares
SurrenderOfRestrictedStockShares
5215 shares
nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
CY2011 nnn Yield Prime
YieldPrime
Forward curve
nnn Yield Prime
YieldPrime
Forward curve
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000751364
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
110036842 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NATIONAL RETAIL PROPERTIES, INC.

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