2013 Q4 Form 10-Q Financial Statement

#000075136413000030 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $104.0M $100.8M $88.50M
YoY Change 17.51% 19.42% 4.86%
Cost Of Revenue $5.600M $4.500M $23.70M
YoY Change -76.37% 18.42% 50.0%
Gross Profit $98.40M $96.20M $64.80M
YoY Change 51.85% 19.5% -5.54%
Gross Profit Margin 94.62% 95.46% 73.22%
Selling, General & Admin $7.300M $6.100M $8.900M
YoY Change -17.98% -29.89% 3.49%
% of Gross Profit 7.42% 6.34% 13.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.20M $26.00M $20.40M
YoY Change 33.33% 48.57% 27.5%
% of Gross Profit 27.64% 27.03% 31.48%
Operating Expenses $35.70M $38.36M -$27.90M
YoY Change -227.96% 16.39% -215.77%
Operating Profit $62.70M $62.41M $92.70M
YoY Change -32.36% 21.35% 108.31%
Interest Expense -$20.10M $20.13M -$20.40M
YoY Change -1.47% -12.65% 6.25%
% of Operating Profit -32.06% 32.24% -22.01%
Other Income/Expense, Net -$19.40M
YoY Change -11.18%
Pretax Income $42.50M $43.01M $72.40M
YoY Change -41.3% 45.38% 172.18%
Income Tax $200.0K $219.0K $200.0K
% Of Pretax Income 0.47% 0.51% 0.28%
Net Earnings $44.24M $44.35M $78.70M
YoY Change -43.79% 16.67% 185.46%
Net Earnings / Revenue 42.54% 44.01% 88.93%
Basic Earnings Per Share $0.29 $0.29
Diluted Earnings Per Share $0.29 $0.29 $701.4K
COMMON SHARES
Basic Shares Outstanding 121.9M shares 120.3M shares 110.0M shares
Diluted Shares Outstanding 121.2M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.500M $6.500M $2.100M
YoY Change -28.57% -95.4% 0.0%
Cash & Equivalents $1.485M $6.530M $2.076M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $9.300M $16.80M $17.50M
Prepaid Expenses
Receivables $4.100M $2.700M $3.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.90M $26.00M $22.70M
YoY Change -34.36% -81.77% 363.27%
LONG-TERM ASSETS
Property, Plant & Equipment $4.278B $4.243B $3.817B
YoY Change 12.06% 18.19% 17.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.70M $14.80M $13.10M
YoY Change -10.69% 18.4% -33.5%
Other Assets $12.90M $13.50M $12.80M
YoY Change 0.78% -79.13% -73.22%
Total Long-Term Assets $4.440B $4.411B $3.965B
YoY Change 11.96% 16.33% 15.62%
TOTAL ASSETS
Total Short-Term Assets $14.90M $26.00M $22.70M
Total Long-Term Assets $4.440B $4.411B $3.965B
Total Assets $4.455B $4.437B $3.988B
YoY Change 11.7% 12.78% 16.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $17.10M $27.90M $17.50M
YoY Change -2.29% 26.24% 15.89%
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 $17.10M $27.90M $17.50M
YoY Change -2.29% 26.24% 15.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.570B $1.524B $1.587B
YoY Change -1.06% -0.74% 18.51%
Other Long-Term Liabilities $89.00M $97.40M $86.00M
YoY Change 3.49% -1.72% 11.69%
Total Long-Term Liabilities $1.659B $1.621B $1.673B
YoY Change -0.83% -0.8% 18.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.10M $27.90M $17.50M
Total Long-Term Liabilities $1.659B $1.621B $1.673B
Total Liabilities $1.676B $1.649B $1.690B
YoY Change -0.84% -0.43% 18.17%
SHAREHOLDERS EQUITY
Retained Earnings -$147.8M -$134.0M -$90.95M
YoY Change 62.54% 60.49% 102.36%
Common Stock $1.221M $1.220M $1.117M
YoY Change 9.31% 11.31% 6.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.777B $2.787B $2.296B
YoY Change
Total Liabilities & Shareholders Equity $4.455B $4.437B $3.988B
YoY Change 11.7% 12.78% 16.12%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income $44.24M $44.35M $78.70M
YoY Change -43.79% 16.67% 185.46%
Depreciation, Depletion And Amortization $27.20M $26.00M $20.40M
YoY Change 33.33% 48.57% 27.5%
Cash From Operating Activities $62.50M $90.70M $55.60M
YoY Change 12.41% 25.62% 26.94%
INVESTING ACTIVITIES
Capital Expenditures -$67.60M -$84.60M -$268.8M
YoY Change -74.85% -33.54% -16.55%
Acquisitions
YoY Change
Other Investing Activities $7.900M $43.20M $49.30M
YoY Change -83.98% 61.19% 2365.0%
Cash From Investing Activities -$59.70M -$41.40M -$219.6M
YoY Change -72.81% -58.76% -31.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.800M -279.7M 24.60M
YoY Change -131.71% -267.79% -90.49%
NET CHANGE
Cash From Operating Activities 62.50M 90.70M 55.60M
Cash From Investing Activities -59.70M -41.40M -219.6M
Cash From Financing Activities -7.800M -279.7M 24.60M
Net Change In Cash -5.000M -230.4M -139.4M
YoY Change -96.41% -266.35% 696.57%
FREE CASH FLOW
Cash From Operating Activities $62.50M $90.70M $55.60M
Capital Expenditures -$67.60M -$84.60M -$268.8M
Free Cash Flow $130.1M $175.3M $324.4M
YoY Change -59.9% -12.13% -11.34%

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us-gaap Increase Decrease In Interests Continued To Be Held By Transferor Current
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80000 USD
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4061000 USD
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0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2012Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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0 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
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us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
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us-gaap Interest Expense
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us-gaap Interest Income Operating
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us-gaap Interest Paid Net
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us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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CY2013Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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CY2013Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
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CY2012Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
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2016-10-01
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500000000 USD
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16693000 USD
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172513000 USD
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33253000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Notes Assumed1
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us-gaap Operating Income Loss
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CY2013Q3 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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0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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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
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
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0 USD
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376000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1595000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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213000 USD
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us-gaap Other Income
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us-gaap Other Income
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2013Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
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969000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
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1583000 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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781000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
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92000000 USD
us-gaap Payments Of Debt Issuance Costs
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2992000 USD
us-gaap Payments Of Debt Issuance Costs
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3265000 USD
us-gaap Payments Of Dividends Common Stock
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139890000 USD
us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments To Acquire Held For Sale Real Estate
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Notes Receivable
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us-gaap Payments To Acquire Real Estate Held For Investment
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us-gaap Payments To Acquire Real Estate Held For Investment
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us-gaap Percentage Rent
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267000 USD
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us-gaap Percentage Rent
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CY2013Q3 us-gaap Preferred Stock Shares Authorized
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us-gaap Prior Period Reclassification Adjustment Description
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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;">Reclassification</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Certain items in the prior year&#8217;s consolidated financial statements and notes to consolidated financial statements have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
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us-gaap Proceeds From Collection Of Notes Receivable
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1709000 USD
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1220000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Long Term Lines Of Credit
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us-gaap Proceeds From Long Term Lines Of Credit
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445000000 USD
us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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32371000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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52092000 USD
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37990000 USD
us-gaap Profit Loss
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115851000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
44342000 USD
us-gaap Profit Loss
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CY2013Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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393339000 USD
CY2012Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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331781000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
490000 USD
CY2012Q4 us-gaap Real Estate Heldforsale
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28815000 USD
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RealEstateHeldforsale
28990000 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
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2033000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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1997000 USD
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4221892000 USD
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us-gaap Repayments Of Convertible Debt
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us-gaap Repayments Of Convertible Debt
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0 USD
us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Long Term Lines Of Credit
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us-gaap Repayments Of Notes Payable
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0 USD
us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Secured Debt
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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-90952000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2013Q3 us-gaap Revenues
Revenues
100621000 USD
CY2012Q3 us-gaap Revenues
Revenues
84391000 USD
us-gaap Revenues
Revenues
243073000 USD
us-gaap Revenues
Revenues
289100000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
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CY2013Q3 us-gaap Secured Debt
SecuredDebt
9764000 USD
CY2012Q3 us-gaap Stock Redeemed Or Called During Period Value
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0 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2013Q3 us-gaap Stock Redeemed Or Called During Period Value
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0 USD
us-gaap Stock Redeemed Or Called During Period Value
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3098000 USD
CY2013Q3 us-gaap Stockholders Equity
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2786683000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2296285000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2787930000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2297585000 USD
us-gaap Straight Line Rent
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166000 USD
us-gaap Straight Line Rent
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695000 USD
us-gaap Tenant Reimbursements
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8024000 USD
CY2012Q3 us-gaap Tenant Reimbursements
TenantReimbursements
2658000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
9203000 USD
CY2013Q3 us-gaap Tenant Reimbursements
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3113000 USD
nnn Impairment Losses Discontinued Operations Recoveries
ImpairmentLossesDiscontinuedOperationsRecoveries
0 USD
CY2012Q3 nnn Impairment Losses Discontinued Operations Recoveries
ImpairmentLossesDiscontinuedOperationsRecoveries
0 USD
CY2013Q3 nnn Impairment Losses Discontinued Operations Recoveries
ImpairmentLossesDiscontinuedOperationsRecoveries
728000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-1222000 USD
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525000 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 provisions 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>
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110339705 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
119356194 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121230232 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108091909 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
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
117973443 shares
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
121096076 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107487935 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120287890 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106140002 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117222163 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
696270 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
469370 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
652890 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
441588 shares
CY2013Q3 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
10165000 USD
CY2012Q4 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
8119000 USD
CY2013Q3 nnn Allowance Rental Income
AllowanceRentalIncome
3086000 USD
CY2012Q4 nnn Allowance Rental Income
AllowanceRentalIncome
3270000 USD
CY2012Q3 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
57000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
306000 USD
CY2013Q3 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
128000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
171000 USD
nnn Assets Receivedin Note Receivable Foreclosure
AssetsReceivedinNoteReceivableForeclosure
1595000 USD
nnn Assets Receivedin Note Receivable Foreclosure
AssetsReceivedinNoteReceivableForeclosure
0 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
0 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
757000 USD
CY2013Q3 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
0 USD
CY2012Q4 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
2072000 USD
nnn Debt Instrument Maturity Date Option To Extend
DebtInstrumentMaturityDateOptionToExtend
2017-10-01
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-1230000 USD
CY2013Q3 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
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
0 shares
CY2012Q4 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
17773000 USD
CY2013Q3 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
17935000 USD
CY2013Q3 nnn Inventory Real Estate Direct Financing
InventoryRealEstateDirectFinancing
464000 USD
CY2012 nnn Discount Rate Valuation Adjustment
DiscountRateValuationAdjustment
0.25
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
525000 USD
CY2012Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
215000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
366000 USD
CY2013Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
135000 USD
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
154886 shares
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
170574 shares
CY2012Q3 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
159617 shares
CY2013Q3 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
173499 shares
CY2012Q4 nnn Excess Stock
ExcessStock
0 USD
CY2013Q3 nnn Excess Stock
ExcessStock
0 USD
CY2013Q3 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2012Q4 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
nnn Gain Loss On Disposition Of Assets Noncontrolling Interest Portion Discontinued Operations
GainLossOnDispositionOfAssetsNoncontrollingInterestPortionDiscontinuedOperations
153000 USD
CY2013Q3 nnn Gain Loss On Disposition Of Assets Noncontrolling Interest Portion Discontinued Operations
GainLossOnDispositionOfAssetsNoncontrollingInterestPortionDiscontinuedOperations
0 USD
nnn Gain Loss On Disposition Of Assets Noncontrolling Interest Portion Discontinued Operations
GainLossOnDispositionOfAssetsNoncontrollingInterestPortionDiscontinuedOperations
0 USD
CY2012Q3 nnn Gain Loss On Disposition Of Assets Noncontrolling Interest Portion Discontinued Operations
GainLossOnDispositionOfAssetsNoncontrollingInterestPortionDiscontinuedOperations
0 USD
nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
198000 USD
nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
0 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
4003000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
9043000 USD
CY2012Q3 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
8663000 USD
CY2013Q3 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
-1000 USD
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
1972000 USD
CY2012Q3 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
3223000 USD
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
3258000 USD
CY2013Q3 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
0 USD
nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
1957000 USD
CY2012Q3 nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
3223000 USD
nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
3258000 USD
CY2013Q3 nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
0 USD
nnn Impairment Losses Discontinued Operaitons
ImpairmentLossesDiscontinuedOperaitons
2046000 USD
CY2013Q3 nnn Impairment Losses Discontinued Operaitons
ImpairmentLossesDiscontinuedOperaitons
727000 USD
nnn Impairment Losses Discontinued Operaitons
ImpairmentLossesDiscontinuedOperaitons
5785000 USD
CY2012Q3 nnn Impairment Losses Discontinued Operaitons
ImpairmentLossesDiscontinuedOperaitons
5440000 USD
nnn Impairment Losses Discontinued Operations Recoveries
ImpairmentLossesDiscontinuedOperationsRecoveries
0 USD
CY2013Q3 nnn Investment Properties Total
InvestmentPropertiesTotal
1850 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
9044 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
12186 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
298896 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
396577 shares
nnn Libor Yield
LiborYield
Forward 3-month curve
CY2012 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%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NNN's </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$500,000,000</font><font style="font-family:inherit;font-size:10pt;"> revolving credit facility (the &#8220;Credit Facility&#8221;) had a weighted average outstanding balance of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$49,975,000</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;">1.4%</font><font style="font-family:inherit;font-size:10pt;"> during the nine months ended September 30, 2013. The Credit Facility matures </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October 2016</font><font style="font-family:inherit;font-size:10pt;">, unless the Company exercises its option to extend maturity to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October 2017</font><font style="font-family:inherit;font-size:10pt;">. The Credit Facility bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">117.5</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;">$1,000,000,000</font><font style="font-family:inherit;font-size:10pt;">, subject to lender approval. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2013</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;">$500,000,000</font><font style="font-family:inherit;font-size:10pt;"> was available for future borrowings under the Credit Facility.</font></div></div>
CY2013Q3 nnn Line Of Credit Facility Option To Increase Facility Size Through Accordion Feature
LineOfCreditFacilityOptionToIncreaseFacilitySizeThroughAccordionFeature
1000000000 USD
CY2012 nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
CY2013Q3 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
34675000 USD
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
96473000 USD
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
85063000 USD
CY2012Q3 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
33038000 USD
nnn Noteand Mortgage Receivable Acceptedin Connectionwith Real Estate Transactions
NoteandMortgageReceivableAcceptedinConnectionwithRealEstateTransactions
750000 USD
nnn Noteand Mortgage Receivable Acceptedin Connectionwith Real Estate Transactions
NoteandMortgageReceivableAcceptedinConnectionwithRealEstateTransactions
0 USD
nnn Number Of Disposed Properties Discontinued Operations
NumberOfDisposedPropertiesDiscontinuedOperations
31 properties
nnn Number Of Disposed Properties Discontinued Operations
NumberOfDisposedPropertiesDiscontinuedOperations
18 properties
CY2013Q3 nnn Number Of Disposed Properties Discontinued Operations
NumberOfDisposedPropertiesDiscontinuedOperations
22 properties
CY2012Q3 nnn Number Of Disposed Properties Discontinued Operations
NumberOfDisposedPropertiesDiscontinuedOperations
8 properties
CY2013Q3 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
10 properties
CY2013Q1 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
15 properties
nnn Number Of Securitizations
NumberOfSecuritizations
7 securitizations
CY2013Q3 nnn Numberof Securitization Discount Rate Valuation Adjustmentat25
NumberofSecuritizationDiscountRateValuationAdjustmentat25
4 securitizations
CY2013Q3 nnn Numberof Securitizations Discount Rate Valuation Adjustmentat20
NumberofSecuritizationsDiscountRateValuationAdjustmentat20
3 securitizations
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
1595000 USD
CY2012Q3 nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
0 USD
CY2013Q3 nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
376000 USD
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
213000 USD
nnn Paymentsfor Hedge Interest Rate Hedge Financing Activities
PaymentsforHedgeInterestRateHedgeFinancingActivities
0 USD
nnn Paymentsfor Hedge Interest Rate Hedge Financing Activities
PaymentsforHedgeInterestRateHedgeFinancingActivities
3141000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
7010000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
6531000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
2139000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
0 USD
nnn Proceedsfrom Comercial Mortgage Residual Interest
ProceedsfromComercialMortgageResidualInterest
0 USD
nnn Proceedsfrom Comercial Mortgage Residual Interest
ProceedsfromComercialMortgageResidualInterest
286000 USD
CY2013Q3 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
147084000 USD
CY2013Q3 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
109852000 USD
CY2013Q3 nnn Real Estate Investment Funding Commitments Number Of Properties
RealEstateInvestmentFundingCommitmentsNumberOfProperties
51 properties
CY2013Q3 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
37232000 USD
CY2013Q3 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
4150695000 USD
CY2012Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3706909000 USD
CY2012Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
4038690000 USD
CY2013Q3 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
4544034000 USD
CY2013Q3 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
0 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
0 USD
CY2012Q3 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
0 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
18543000 USD
CY2012Q3 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
0 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
465000 USD
CY2013Q3 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
0 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
0 USD
CY2012Q3 nnn Retail Operations Revenues
RetailOperationsRevenues
0 USD
CY2013Q3 nnn Retail Operations Revenues
RetailOperationsRevenues
0 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
0 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
19008000 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
428000 USD
CY2012Q1 nnn Stock Authorized Shares Employee Dividend Reinvestment And Stock Purchase Plan
StockAuthorizedSharesEmployeeDividendReinvestmentAndStockPurchasePlan
16000000 shares
CY2012Q3 nnn Stock Value Adjustment
StockValueAdjustment
1000 USD
CY2013Q3 nnn Stock Value Adjustment
StockValueAdjustment
-36000 USD
nnn Stock Value Adjustment
StockValueAdjustment
2000 USD
nnn Stock Value Adjustment
StockValueAdjustment
-125000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
166000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-382000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
118000 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 Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8218000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8576000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
7000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
113000 USD
nnn Surrenderof Restricted Stock Shares
SurrenderofRestrictedStockShares
241 shares
nnn Surrenderof Restricted Stock Shares
SurrenderofRestrictedStockShares
4712 shares
CY2013Q3 nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
CY2012 nnn Yield Prime
YieldPrime
Forward curve
nnn Yield Prime
YieldPrime
Forward curve
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000751364
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
121857587 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NATIONAL RETAIL PROPERTIES, INC.

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