2023 Q1 Form 10-K Financial Statement

#000095017023002248 Filed on February 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $204.1M $198.5M $773.1M
YoY Change 7.27% 6.01% 6.42%
Cost Of Revenue $6.846M $7.035M $26.28M
YoY Change -4.89% -6.45% -7.41%
Gross Profit $197.3M $191.5M $746.8M
YoY Change 7.75% 6.53% 6.98%
Gross Profit Margin 96.65% 96.46% 96.6%
Selling, General & Admin $12.25M $10.79M $41.70M
YoY Change 10.95% 8.46% -6.6%
% of Gross Profit 6.21% 5.63% 5.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $59.15M $57.32M $223.8M
YoY Change 12.28% 7.37% 9.07%
% of Gross Profit 29.98% 29.94% 29.97%
Operating Expenses $81.38M $68.11M $308.0M
YoY Change 6.75% 7.54% 2.51%
Operating Profit $129.0M $123.4M $482.5M
YoY Change 9.31% 5.99% 7.45%
Interest Expense $38.89M -$37.64M $148.1M
YoY Change 5.97% 2.75% 7.39%
% of Operating Profit 30.14% -30.51% 30.68%
Other Income/Expense, Net -$38.86M -$60.00K -$147.9M
YoY Change -205.98% 5.26% -6.96%
Pretax Income $90.17M $90.66M $334.6M
YoY Change 10.81% 16.88% 15.34%
Income Tax
% Of Pretax Income
Net Earnings $90.17M $90.62M $334.6M
YoY Change 10.81% 16.82% 15.34%
Net Earnings / Revenue 44.18% 45.65% 43.29%
Basic Earnings Per Share $0.50 $1.89
Diluted Earnings Per Share $0.50 $0.50 $1.89
COMMON SHARES
Basic Shares Outstanding 181.5M 178.7M 176.4M
Diluted Shares Outstanding 181.4M 177.1M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.240M $2.505M $2.505M
YoY Change -93.97% -98.54% -98.54%
Cash & Equivalents $3.240M $2.505M $2.505M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $786.0K $786.0K
Prepaid Expenses
Receivables $2.568M $3.612M $3.612M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.808M $6.903M $6.903M
YoY Change -89.83% -96.17% -96.17%
LONG-TERM ASSETS
Property, Plant & Equipment $8.112B $8.020B $8.020B
YoY Change 6.85% 7.73% 7.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.916M $9.625M $9.625M
YoY Change -0.07% 29.32% 29.32%
Total Long-Term Assets $8.232B $8.139B $8.139B
YoY Change 6.71% 7.5% 7.5%
TOTAL ASSETS
Total Short-Term Assets $5.808M $6.903M $6.903M
Total Long-Term Assets $8.232B $8.139B $8.139B
Total Assets $8.238B $8.146B $8.146B
YoY Change 6.0% 5.1% 5.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $58.22M $23.83M $23.83M
YoY Change 0.34% -0.41% -0.41%
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 $58.22M $23.83M $23.83M
YoY Change 0.34% -0.41% -0.41%
LONG-TERM LIABILITIES
Long-Term Debt $3.960B $3.916B $3.916B
YoY Change 5.67% 4.53% 4.53%
Other Long-Term Liabilities $85.31M $82.66M $82.66M
YoY Change 24.08% 4.63% 4.63%
Total Long-Term Liabilities $4.045B $3.999B $3.999B
YoY Change 6.0% 4.53% 4.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.22M $23.83M $23.83M
Total Long-Term Liabilities $4.045B $3.999B $3.999B
Total Liabilities $4.103B $4.023B $4.023B
YoY Change 5.92% 4.5% 4.5%
SHAREHOLDERS EQUITY
Retained Earnings -$803.0M -$793.8M
YoY Change 5.76% 6.14%
Common Stock $1.822M $1.815M
YoY Change 3.58% 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.135B $4.124B $4.124B
YoY Change
Total Liabilities & Shareholders Equity $8.238B $8.146B $8.146B
YoY Change 6.0% 5.1% 5.1%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $90.17M $90.62M $334.6M
YoY Change 10.81% 16.82% 15.34%
Depreciation, Depletion And Amortization $59.15M $57.32M $223.8M
YoY Change 12.28% 7.37% 9.07%
Cash From Operating Activities $180.8M $113.1M $578.4M
YoY Change 10.03% -1.9% 1.75%
INVESTING ACTIVITIES
Capital Expenditures $153.7M $266.7M $842.9M
YoY Change -173.38% -370.53% -252.33%
Acquisitions
YoY Change
Other Investing Activities $867.0K $15.86M $2.242M
YoY Change 50.26% -68.63% -6.31%
Cash From Investing Activities -$142.3M -$250.8M -$777.6M
YoY Change -24.94% 422.32% 79.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $254.0M
YoY Change 6166.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.93M 141.2M 34.73M
YoY Change -56.73% -132.14% -114.96%
NET CHANGE
Cash From Operating Activities 180.8M 113.1M 578.4M
Cash From Investing Activities -142.3M -250.8M -777.6M
Cash From Financing Activities -39.93M 141.2M 34.73M
Net Change In Cash -1.452M 3.501M -164.5M
YoY Change -98.77% -100.94% 71.55%
FREE CASH FLOW
Cash From Operating Activities $180.8M $113.1M $578.4M
Capital Expenditures $153.7M $266.7M $842.9M
Free Cash Flow $27.10M -$153.6M -$264.5M
YoY Change -92.75% -171.82% -123.58%

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223479000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4331682000
CY2020 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
8079000
CY2020 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
308000
CY2020 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
3119153000
CY2020 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
121315000
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
263406000
CY2020 nnn Stock Issuance Costs
StockIssuanceCosts
2212000
CY2020 nnn Amortization Of Deferred Compensation
AmortizationOfDeferredCompensation
13084000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2300000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-7617000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4319304000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4319304000
CY2021 us-gaap Profit Loss
ProfitLoss
290110000
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.1000
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
364792000
CY2021 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
30539000
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1145000
CY2021 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
7062000
CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
320000
CY2021 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
30000000
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1234000
CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
287207000
CY2021 nnn Stock Issuance Costs
StockIssuanceCosts
299000
CY2021 nnn Amortization Of Deferred Compensation
AmortizationOfDeferredCompensation
13151000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
3073000
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1584000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3901663000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3901663000
CY2022 us-gaap Profit Loss
ProfitLoss
334621000
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.1600
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
377773000
CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
33013000
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1244000
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
7235000
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
317000
CY2022 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
5473072000
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
250890000
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
232551000
CY2022 nnn Stock Issuance Costs
StockIssuanceCosts
3761000
CY2022 nnn Amortization Of Deferred Compensation
AmortizationOfDeferredCompensation
14205000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2374000
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
278000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4123502000
CY2022 us-gaap Profit Loss
ProfitLoss
334621000
CY2021 us-gaap Profit Loss
ProfitLoss
290110000
CY2020 us-gaap Profit Loss
ProfitLoss
228796000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
223834000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
205220000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
196623000
CY2022 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
8309000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-16679000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1691000
CY2021 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
21957000
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2130000
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3036000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4734000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5186000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5009000
CY2022 nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
87000
CY2020 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
37442000
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-21328000
CY2021 nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
85000
CY2020 nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
85000
CY2022 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
2374000
CY2021 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
3073000
CY2020 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
2300000
CY2022 nnn Settlement Of Forward Starting Swaps Gain Loss
SettlementOfForwardStartingSwapsGainLoss
0
CY2021 nnn Settlement Of Forward Starting Swaps Gain Loss
SettlementOfForwardStartingSwapsGainLoss
1584000
CY2020 nnn Settlement Of Forward Starting Swaps Gain Loss
SettlementOfForwardStartingSwapsGainLoss
13141000
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
17443000
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23094000
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
16238000
CY2022 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
17330000
CY2021 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
14491000
CY2020 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
14479000
CY2022 nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
103000
CY2021 nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
721000
CY2020 nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
846000
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-358000
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1184000
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1464000
CY2022 nnn Increase Decrease In Accrued Rental Income
IncreaseDecreaseInAccruedRentalIncome
-3559000
CY2021 nnn Increase Decrease In Accrued Rental Income
IncreaseDecreaseInAccruedRentalIncome
-21137000
CY2020 nnn Increase Decrease In Accrued Rental Income
IncreaseDecreaseInAccruedRentalIncome
26027000
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-424000
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1589000
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-488000
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-97000
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4522000
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1151000
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1217000
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2279000
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1986000
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-68000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
297000
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
578355000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
568425000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
450194000
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
66962000
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
123052000
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
53254000
CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
842872000
CY2021 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
553322000
CY2020 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
195944000
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
521000
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
486000
CY2020 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
374000
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2242000
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2393000
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
500000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-777631000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-432177000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-142816000
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
688000000
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
311000000
CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
521800000
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
444600000
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
664000
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
630000
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
596000
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
881172000
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
692646000
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
350000000
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
325000000
CY2022 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0
CY2021 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
21328000
CY2020 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
16679000
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
199000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17814000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7941000
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
253972000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4053000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
126488000
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3761000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
325000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2223000
CY2022 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0
CY2021 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
345000000
CY2020 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
14999000
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
17940000
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
380538000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
367291000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
356409000
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
278000
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34732000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-232162000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41254000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-164544000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-95914000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
266124000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171322000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267236000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1112000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
21792000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2022Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
8
CY2021Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
11
CY2020Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
13
CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.050
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6778000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171322000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267236000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
140331000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
123376000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
119408000
CY2022 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
2374000
CY2021 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1489000
CY2020 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-5317000
CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
12163000
CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
7695000
CY2020 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
5602000
CY2022 us-gaap Notes Issued1
NotesIssued1
0
CY2021 us-gaap Notes Issued1
NotesIssued1
0
CY2020 us-gaap Notes Issued1
NotesIssued1
3000000
CY2022Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
4273000
CY2021Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
0
CY2020Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
0
CY2022Q4 nnn Investment Properties Total
InvestmentPropertiesTotal
3411
CY2022Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
35010000
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
48
CY2022 nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y4M24D
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
881000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
328000
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1388000
CY2022 nnn Real Estate Investment Property Additions
RealEstateInvestmentPropertyAdditions
784165000
CY2021 nnn Real Estate Investment Property Additions
RealEstateInvestmentPropertyAdditions
531726000
CY2022 nnn Development In Process Additions
DevelopmentInProcessAdditions
63582000
CY2021 nnn Development In Process Additions
DevelopmentInProcessAdditions
23689000
CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.055
CY2020Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.064
CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.070
CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.070
CY2020Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.074
CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.066
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.073
CY2020Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.080
CY2022 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
62454000
CY2021 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
52129000
CY2020 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
4722000
CY2022Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
786000
CY2021Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
5557000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
4273000
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
0
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174710921
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
172109713
CY2022 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
664209
CY2021 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
107978
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;text-decoration:underline;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Revenue Recognition</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> – Rental revenues for properties under construction commence upon completion of construction of the leased asset and delivery of the leased asset to the tenant. Rental revenues for non-development real estate assets are recognized when earned in accordance with ASC 842</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">,</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> based on the terms of the lease of the leased asset. Lease termination fees are recognized when collected subsequent to the related lease that is cancelled and NNN no longer has continuing involvement with the former tenant with respect to that property.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The core principle of ASU 2014-09, “Revenue from Contracts with Customers" (Topic 606), is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Certain contracts are excluded from ASU 2014-09, including lease contracts within the scope of ASC 842. NNN determined the key revenue stream impacted by ASU 2014-09 is </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">gain on disposition of real estate</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> reported on the Consolidated Statements of Income and Comprehensive Income. In accordance with ASU 2014-09, NNN evaluates any separate contracts or performance obligations to determine proper timing and/or amount of revenue recognition, as well as, transaction price allocation.</span>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
334626000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
290113000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
228799000
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
14999000
CY2020 us-gaap Dividends Preferred Stock
DividendsPreferredStock
17940000
CY2022 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
10897000
CY2020 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
334626000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
264217000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
210859000
CY2022 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
514000
CY2021 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
689000
CY2020 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
698000
CY2022 nnn Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
334112000
CY2021 nnn Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
263528000
CY2020 nnn Net Income Loss Availableto Common Stockholders Basicand Diluted
NetIncomeLossAvailabletoCommonStockholdersBasicandDiluted
210161000
CY2022 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
177332094
CY2021 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
175554961
CY2020 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
172994337
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
237918
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
328070
CY2020 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
337078
CY2022 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
690520
CY2021 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
515970
CY2020 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
547546
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176403656
CY2020 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
107364
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177067865
CY2021Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3653000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174818899
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172217077
CY2022Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8016676000
CY2021Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
7440636000
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3352000
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3899000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:9.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;text-decoration:underline;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> – Additional critical accounting policies of NNN include management’s estimates and assumptions relating to the reporting of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities are required to prepare the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America. Significant accounting policies include management’s estimates of the purchase accounting for acquisition of real estate, the recoverability of the carrying value of long-lived assets and management's evaluation of the probability of outstanding and future lease payment collections. Actual results could differ from those estimates.</span></p>
CY2022 nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y4M24D
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2669498000
CY2021Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2527483000
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6985394000
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6375583000
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9655247000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8903421000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1660308000
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1470062000
CY2022Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
7994939000
CY2021Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
7433359000
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
21737000
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
7277000
CY2022Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
786000
CY2021Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
5557000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8020814000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7449846000
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
751680000
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
703865000
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
639265000
CY2022 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
595000
CY2021 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
623000
CY2020 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
647000
CY2022 us-gaap Variable Lease Income
VariableLeaseIncome
1541000
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
706000
CY2020 us-gaap Variable Lease Income
VariableLeaseIncome
842000
CY2022 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
17802000
CY2021 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
18665000
CY2020 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
18039000
CY2022 us-gaap Lease Income
LeaseIncome
771618000
CY2021 us-gaap Lease Income
LeaseIncome
723859000
CY2020 us-gaap Lease Income
LeaseIncome
658793000
CY2021Q4 nnn Rent Due
RentDue
4758000
CY2020Q4 nnn Rent Due
RentDue
52019000
CY2022Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
14526000
CY2021Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
31776000
CY2020Q4 us-gaap Deferred Rent Credit
DeferredRentCredit
3259000
CY2022 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
3559000
CY2021 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
-21137000
CY2020 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
26027000
CY2022 us-gaap Straight Line Rent
StraightLineRent
5391000
CY2021 us-gaap Straight Line Rent
StraightLineRent
24945000
CY2020 us-gaap Straight Line Rent
StraightLineRent
-30473000
CY2020 nnn Write Off Of Deferred Lease Income
WriteOffOfDeferredLeaseIncome
16367000
CY2022Q4 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
73547000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
710244000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
693766000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
667220000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
624196000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
577884000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
4121325000
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
7394635000
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41371000
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41705000
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
28121000
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
27447000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13250000
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
14258000
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
17443000
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
23094000
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
16238000
CY2022 nnn Period For Improvements To Construction Commitments
PeriodForImprovementsToConstructionCommitments
P12M
CY2022Q4 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
117640000
CY2022Q4 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
-44093000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8309000
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
21957000
CY2020 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
37442000
CY2022 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
9
CY2021 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
30
CY2020 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
14
CY2022 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
7
CY2021 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
12
CY2020 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
17
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
900000000000
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1100000000000
CY2022 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
39220000
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0413
CY2022Q4 nnn Lineof Credit Facility Accordion Feature Increase Limit
LineofCreditFacilityAccordionFeatureIncreaseLimit
2000000000
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
933800000000
CY2022Q4 nnn Longterm Debt Maturities Repayments Of Principal In Years One Through Five
LongtermDebtMaturitiesRepaymentsOfPrincipalInYearsOneThroughFive
1500000000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
345000000
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.75
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2022 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
590000
CY2021 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
576000
CY2020 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
546000
CY2022Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
2471000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1800000000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
33003000
CY2022 nnn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice
44.46
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
346420000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15449000000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14296000000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14213000000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11266000000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3140774000
CY2021Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4032757000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 dei Auditor Firm
AuditorFirmId
42
CY2022 srt Sec Schedule Iii Real Estate Number Of Units
SECScheduleIIIRealEstateNumberOfUnits
3411
CY2022Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
9947000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2672621000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
5707136000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
1316380000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
2670023000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
7008104000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
9678127000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1660665000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8917586000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8534275000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8448702000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
846331000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
551287000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
177901000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
77481000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
146019000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
54886000
CY2022 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
8309000
CY2021 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
21957000
CY2020 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
37442000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
9678127000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8917586000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8534275000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1471393000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1319943000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1151667000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
25757000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
44509000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
17828000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
215029000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
195959000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
186104000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1660665000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1471393000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1319943000
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3352000
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
9594276000
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3000000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1521000
CY2022Q4 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
0
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2011000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2468000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
0
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
0
CY2021 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
0
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
3000000
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
521000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
486000
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
374000
CY2022 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
31000
CY2021 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
-29000
CY2020 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
158000
CY2022 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2021 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2020 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1521000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2011000
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2468000
CY2022Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
1530000
CY2021Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
2011000
CY2020Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
2468000
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
3000000

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