$NNN
NNN REIT, INC.

2024 Q1 Form 10-K Financial Statement

#000095017024012540 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $215.4M $216.2M $828.1M
YoY Change 5.54% 8.92% 7.12%
Cost Of Revenue $7.154M $8.237M $28.38M
YoY Change 4.5% 17.09% 7.98%
Gross Profit $208.3M $208.0M $799.7M
YoY Change 5.57% 8.62% 7.09%
Gross Profit Margin 96.68% 96.19% 96.57%
Selling, General & Admin $12.58M $10.53M $43.75M
YoY Change 2.72% -2.4% 4.92%
% of Gross Profit 6.04% 5.06% 5.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.62M $60.13M $238.6M
YoY Change 2.48% 4.89% 6.61%
% of Gross Profit 29.11% 28.91% 29.84%
Operating Expenses $73.20M $70.61M $320.5M
YoY Change -10.06% 3.67% 4.07%
Operating Profit $135.1M $137.4M $555.1M
YoY Change 4.67% 11.36% 15.04%
Interest Expense -$43.95M -$43.01M $163.9M
YoY Change -213.01% 14.27% 10.69%
% of Operating Profit -32.54% -31.3% 29.53%
Other Income/Expense, Net -$33.00K -$76.00K -$162.8M
YoY Change -99.92% 26.67% 10.04%
Pretax Income $94.37M $96.68M $392.3M
YoY Change 4.66% 6.64% 17.25%
Income Tax
% Of Pretax Income
Net Earnings $94.22M $96.52M $392.3M
YoY Change 4.49% 6.51% 17.25%
Net Earnings / Revenue 43.74% 44.64% 47.38%
Basic Earnings Per Share $0.52 $2.16
Diluted Earnings Per Share $0.52 $0.53 $2.16
COMMON SHARES
Basic Shares Outstanding 182.5M 0.000 181.2M
Diluted Shares Outstanding 182.2M 181.7M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.128M $1.189M $1.189M
YoY Change -65.19% -52.53% -52.53%
Cash & Equivalents $1.128M $1.189M $1.189M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.569M $3.649M $3.649M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.697M $4.838M $4.838M
YoY Change -19.13% -29.91% -29.91%
LONG-TERM ASSETS
Property, Plant & Equipment $8.587B $8.536B $8.536B
YoY Change 5.86% 6.43% 6.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.723M $7.209M $7.209M
YoY Change -60.63% -25.1% -25.1%
Total Long-Term Assets $8.701B $8.657B $8.657B
YoY Change 5.69% 6.36% 6.36%
TOTAL ASSETS
Total Short-Term Assets $4.697M $4.838M $4.838M
Total Long-Term Assets $8.701B $8.657B $8.657B
Total Assets $8.706B $8.662B $8.662B
YoY Change 5.68% 6.33% 6.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $75.49M $34.37M $34.37M
YoY Change 29.66% 44.27% 44.27%
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 $75.49M $34.37M $34.37M
YoY Change 29.66% 44.27% 44.27%
LONG-TERM LIABILITIES
Long-Term Debt $4.346B $4.361B $4.361B
YoY Change 9.76% 11.35% 11.35%
Other Long-Term Liabilities $109.3M $109.6M $109.6M
YoY Change 28.09% 32.58% 32.58%
Total Long-Term Liabilities $4.455B $4.470B $4.470B
YoY Change 10.15% 11.79% 11.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.49M $34.37M $34.37M
Total Long-Term Liabilities $4.455B $4.470B $4.470B
Total Liabilities $4.531B $4.505B $4.505B
YoY Change 10.42% 11.98% 11.98%
SHAREHOLDERS EQUITY
Retained Earnings -$814.2M -$805.9M
YoY Change 1.39% 1.53%
Common Stock $1.835M $1.826M
YoY Change 0.71% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.175B $4.157B $4.157B
YoY Change
Total Liabilities & Shareholders Equity $8.706B $8.662B $8.662B
YoY Change 5.68% 6.33% 6.33%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $94.22M $96.52M $392.3M
YoY Change 4.49% 6.51% 17.25%
Depreciation, Depletion And Amortization $60.62M $60.13M $238.6M
YoY Change 2.48% 4.89% 6.61%
Cash From Operating Activities $190.7M $121.6M $612.4M
YoY Change 5.47% 7.54% 5.89%
INVESTING ACTIVITIES
Capital Expenditures $116.4M $271.1M $795.8M
YoY Change -24.28% 1.65% -5.59%
Acquisitions
YoY Change
Other Investing Activities $18.67M $26.73M $1.762M
YoY Change 2053.86% 68.53% -21.41%
Cash From Investing Activities -$97.73M -$244.4M -$680.7M
YoY Change -31.34% -2.58% -12.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $32.33M
YoY Change -87.27%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -97.01M 29.73M 66.63M
YoY Change 142.96% -78.95% 91.83%
NET CHANGE
Cash From Operating Activities 190.7M 121.6M 612.4M
Cash From Investing Activities -97.73M -244.4M -680.7M
Cash From Financing Activities -97.01M 29.73M 66.63M
Net Change In Cash -4.027M -93.02M -1.623M
YoY Change 177.34% -2757.04% -99.01%
FREE CASH FLOW
Cash From Operating Activities $190.7M $121.6M $612.4M
Capital Expenditures $116.4M $271.1M $795.8M
Free Cash Flow $74.31M -$149.5M -$183.4M
YoY Change 174.24% -2.68% -30.67%

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CY2021 us-gaap Stock Issued During Period Value Other
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CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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CY2021 nnn Stock Issuance Costs
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CY2021 nnn Amortization Of Deferred Compensation
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Profit Loss
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CY2022 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Dividends Common Stock Cash
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CY2022 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2022 us-gaap Stock Issued During Period Value Issued For Services
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CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2022 us-gaap Stock Issued During Period Shares Other
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CY2022 us-gaap Stock Issued During Period Value Other
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CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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CY2022 nnn Stock Issuance Costs
StockIssuanceCosts
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CY2022 nnn Amortization Of Deferred Compensation
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Stock Issued During Period Shares Issued For Services
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CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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CY2023 us-gaap Stock Issued During Period Shares Other
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CY2023 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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CY2023 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
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CY2023 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2023 nnn Impairment Losses And Other Charges
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CY2022 nnn Impairment Losses And Other Charges
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CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Amortization Of Debt Discount Premium
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CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2023 us-gaap Amortization Of Financing Costs
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CY2022 us-gaap Amortization Of Financing Costs
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CY2021 us-gaap Amortization Of Financing Costs
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CY2023 nnn Amortizationof Mortgages Premium
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CY2022 nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
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CY2021 nnn Amortizationof Mortgages Premium
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CY2023 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
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CY2022 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
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CY2021 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
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CY2023 nnn Settlement Of Forward Starting Swaps Gain Loss
SettlementOfForwardStartingSwapsGainLoss
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CY2022 nnn Settlement Of Forward Starting Swaps Gain Loss
SettlementOfForwardStartingSwapsGainLoss
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CY2021 nnn Settlement Of Forward Starting Swaps Gain Loss
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CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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CY2021 us-gaap Gain Loss On Sale Of Properties
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CY2023 nnn Performance Incentive Plan Expense
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CY2022 nnn Performance Incentive Plan Expense
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CY2021 nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
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CY2023 nnn Performance Incentive Plan Payment
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CY2022 nnn Performance Incentive Plan Payment
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CY2021 nnn Performance Incentive Plan Payment
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CY2023 us-gaap Increase Decrease In Receivables
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CY2022 us-gaap Increase Decrease In Receivables
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CY2021 us-gaap Increase Decrease In Receivables
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CY2023 nnn Increase Decrease In Accrued Rental Income
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7453000
CY2022 nnn Increase Decrease In Accrued Rental Income
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CY2021 nnn Increase Decrease In Accrued Rental Income
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CY2023 us-gaap Increase Decrease In Other Operating Assets
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CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2023 us-gaap Increase Decrease In Interest Payable Net
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2023 us-gaap Increase Decrease In Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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CY2023 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022 us-gaap Increase Decrease In Other Operating Capital Net
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2023 us-gaap Payments To Acquire Real Estate Held For Investment
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CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
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CY2021 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
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CY2023 us-gaap Proceeds From Collection Of Notes Receivable
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CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Long Term Lines Of Credit
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CY2022 us-gaap Proceeds From Long Term Lines Of Credit
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CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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CY2023 us-gaap Repayments Of Long Term Lines Of Credit
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CY2022 us-gaap Repayments Of Long Term Lines Of Credit
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CY2021 us-gaap Repayments Of Long Term Lines Of Credit
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CY2023 us-gaap Repayments Of Secured Debt
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CY2022 us-gaap Repayments Of Secured Debt
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CY2021 us-gaap Repayments Of Secured Debt
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CY2023 us-gaap Proceeds From Notes Payable
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CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2023 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2023 us-gaap Payments Of Debt Extinguishment Costs
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CY2022 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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CY2023 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 us-gaap Payments Of Stock Issuance Costs
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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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CY2021 us-gaap Payments Of Stock Issuance Costs
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CY2023 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
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CY2022 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
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CY2021 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
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CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
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CY2023 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2023 us-gaap Payments To Minority Shareholders
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CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
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CY2022 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
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CY2021 nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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CY2022 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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CY2021 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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CY2023Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
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CY2022Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
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CY2021Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
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CY2023Q4 nnn Investment Properties Total
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CY2023Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
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CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
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CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
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CY2023 nnn Lease Income Recognized On Cash Basis
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CY2023Q4 us-gaap Number Of States In Which Entity Operates
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CY2023 nnn Weighted Average Remaining Lease Term
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CY2023 us-gaap Number Of Operating Segments
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CY2023 us-gaap Interest Costs Capitalized
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CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2021 us-gaap Interest Costs Capitalized
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CY2023 nnn Real Estate Investment Property Additions
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CY2022 nnn Real Estate Investment Property Additions
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CY2023 nnn Development In Process Additions
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CY2022 nnn Development In Process Additions
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
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CY2022Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
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CY2021Q4 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
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CY2023Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.035
CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.05
CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
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CY2023Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
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CY2022Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
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CY2021Q4 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
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CY2022 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
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CY2021 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
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CY2023Q1 us-gaap Increase Decrease In Operating Capital
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CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
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CY2022Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
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CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
3966000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
4273000
CY2023 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">Revenue Recognition.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-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="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">,</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-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="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;">FASB ASC Topic 610-20, </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">Gains and Losses from the Derecognition of Nonfinancial Assets</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> ("ASC 610-20"), provides guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. An entity that transfers a nonfinancial asset in the scope of ASC 610-20 follows a two-step derecognition model to determine whether (and when) to derecognize the asset. NNN determined the key revenue stream impacted by ASC 610-20 is </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">gain on disposition of real estate</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> reported on the Consolidated Statements of Income and Comprehensive Income. In accordance with ASC 610-20, NNN evaluates any separate contracts or performance obligations to determine proper timing and/or amount of revenue recognition, as well as, transfer of control and transaction price allocation in determining the amount of gain or loss to record.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-serif;min-width:fit-content;"> </span></p>
CY2023 us-gaap Net Income Loss
NetIncomeLoss
392340000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
334626000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
290113000
CY2023 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2022 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
0
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
10897000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
392340000
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
CY2023 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
609000
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
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
391731000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
334112000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
263528000
CY2023 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
182184038
CY2022 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
177332094
CY2021 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
175554961
CY2023 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
273077
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
237918
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
328070
CY2023 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
710921
CY2022 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
690520
CY2021 nnn Incremental Restricted Shares Attributable To Contingently Issuable Shares
IncrementalRestrictedSharesAttributableToContingentlyIssuableShares
515970
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181200040
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176403656
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174710921
CY2023 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
489683
CY2022 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
664209
CY2021 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
107978
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181689723
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177067865
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174818899
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3899000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:9pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:'Calibri',sans-serif;font-style:italic;min-width:fit-content;">Use of Estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Calibri',sans-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 which 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. Estimates are sensitive to evaluations by management about current and future expectations of market and economic conditions. Actual results could differ from those estimates.</span></p>
CY2023 nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y1M6D
CY2023Q4 nnn Number Of Investment Properties Leased Under Operating Leases
NumberOfInvestmentPropertiesLeasedUnderOperatingLeases
3551
CY2023Q4 nnn Number Of Investment Properties Leased Under Direct Financing Leases
NumberOfInvestmentPropertiesLeasedUnderDirectFinancingLeases
4
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2878400000
CY2022Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2669498000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7368873000
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6985394000
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2022Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10247628000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9655247000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1863451000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1660308000
CY2023Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8384177000
CY2022Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
7994939000
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
144068000
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
21737000
CY2023Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8528245000
CY2022Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8016676000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3033000
CY2022Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3352000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2022Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
786000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8535851000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8020814000
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
805136000
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
751680000
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
703865000
CY2023 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
560000
CY2022 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
595000
CY2021 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
623000
CY2023 us-gaap Variable Lease Income
VariableLeaseIncome
1631000
CY2022 us-gaap Variable Lease Income
VariableLeaseIncome
1541000
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
706000
CY2023 nnn Rental Revenues
RentalRevenues
807327000
CY2022 nnn Rental Revenues
RentalRevenues
753816000
CY2021 nnn Rental Revenues
RentalRevenues
705194000
CY2023 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
18763000
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
CY2023 us-gaap Lease Income
LeaseIncome
826090000
CY2022 us-gaap Lease Income
LeaseIncome
771618000
CY2021 us-gaap Lease Income
LeaseIncome
723859000
CY2021Q4 nnn Rent Due
RentDue
4722000
CY2020Q4 nnn Rent Due
RentDue
51723000
CY2023 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
3124000
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
14478000
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
31776000
CY2023 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
7453000
CY2022 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
-3559000
CY2021 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
-21137000
CY2023 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
5573000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
765337000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
744061000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
701437000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
655268000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
604084000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
4286914000
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
7757101000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41244000
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41371000
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
29117000
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
28121000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12127000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13250000
CY2023 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
47485000
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
CY2023Q4 nnn Real Estate Investment Funding Construction Commitments Number Of Properties
RealEstateInvestmentFundingConstructionCommitmentsNumberOfProperties
53
CY2023Q4 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
379674000
CY2023Q4 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
-240532000
CY2023Q4 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
139142000
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
5990000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
8309000
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
21957000
CY2023 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
11
CY2022 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
9
CY2021 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
30
CY2023 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
3
CY2022 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
7
CY2021 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
12
CY2023 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
169620000000
CY2023Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0586
CY2023Q4 nnn Lineof Credit Facility Accordion Feature Increase Limit
LineofCreditFacilityAccordionFeatureIncreaseLimit
2000000000000
CY2023Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
968000000000
CY2023Q4 nnn Longterm Debt Maturities Repayments Of Principal In Years One Through Five
LongtermDebtMaturitiesRepaymentsOfPrincipalInYearsOneThroughFive
1900000000
CY2023Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
2152000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
345000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000000
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY1998Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.75
CY1998Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.04
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2023 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.05
CY2023 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
734000
CY2022 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
590000
CY2021 nnn Defined Contribution Plan Employer Contribution Amount
DefinedContributionPlanEmployerContributionAmount
576000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
33400
CY2023 nnn Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageExercisePrice
41.48
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4761552
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12228000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15449000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14296000
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
12150000
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3801367000
CY2022Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3140774000
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 dei Auditor Firm
AuditorFirmId
42
CY2023 srt Sec Schedule Iii Real Estate Number Of Units
SECScheduleIIIRealEstateNumberOfUnits
3532
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
0
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2882057000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
6020881000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
1512066000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
2879458000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
7517974000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
10397432000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1864614000
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
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
820238000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
846331000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
551287000
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
94943000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
77481000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
146019000
CY2023 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
5990000
CY2022 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
8309000
CY2021 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
21957000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
10397432000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
9678127000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
8917586000
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
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
26236000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
25757000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
44509000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
230185000
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
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1864614000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1660665000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
1471393000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3033000
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
10277935000
CY2023Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3000000
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
996000
CY2023Q4 srt Mortgage Loans On Real Estate Principal Amount Of Delinquent Loans
MortgageLoansOnRealEstatePrincipalAmountOfDelinquentLoans
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
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
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
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
559000
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
521000
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
486000
CY2023 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
-34000
CY2022 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
-31000
CY2021 nnn Mortgage Loans On Real Estate Other
MortgageLoansOnRealEstateOther
-29000
CY2023 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2022 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2021 us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
0
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
996000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1521000
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2011000
CY2023Q4 srt Mortgage Loans On Real Estate Federal Income Tax Basis1
MortgageLoansOnRealEstateFederalIncomeTaxBasis1
1002000
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
CY2020 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
3000000

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