$NNN
NNN REIT, INC.

2024 Q4 Form 10-Q Financial Statement

#000095017024119258 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $218.6M
YoY Change 6.55%
Cost Of Revenue $7.263M
YoY Change 11.74%
Gross Profit $211.3M
YoY Change 6.34%
Gross Profit Margin 96.68%
Selling, General & Admin $11.21M
YoY Change 9.89%
% of Gross Profit 5.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.37M
YoY Change 6.5%
% of Gross Profit 29.99%
Operating Expenses $82.78M
YoY Change 6.87%
Operating Profit $143.6M
YoY Change -2.79%
Interest Expense $46.49M
YoY Change 11.96%
% of Operating Profit 32.39%
Other Income/Expense, Net -$45.65M
YoY Change 11.66%
Pretax Income $97.90M
YoY Change -8.33%
Income Tax
% Of Pretax Income
Net Earnings $97.90M
YoY Change -8.32%
Net Earnings / Revenue 44.79%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.53
COMMON SHARES
Basic Shares Outstanding 187.5M 183.7M
Diluted Shares Outstanding 184.6M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $173.5M
YoY Change 125.07%
Cash & Equivalents $173.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $2.224M
Other Receivables $0.00
Total Short-Term Assets $175.8M
YoY Change 121.91%
LONG-TERM ASSETS
Property, Plant & Equipment $8.625B
YoY Change 3.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.64M
YoY Change -41.2%
Total Long-Term Assets $8.748B
YoY Change 3.13%
TOTAL ASSETS
Total Short-Term Assets $175.8M
Total Long-Term Assets $8.748B
Total Assets $8.924B
YoY Change 4.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $75.40M
YoY Change 24.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.40M
YoY Change 24.01%
LONG-TERM LIABILITIES
Long-Term Debt $4.372B
YoY Change 3.43%
Other Long-Term Liabilities $107.0M
YoY Change -7.18%
Total Long-Term Liabilities $4.479B
YoY Change 3.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.40M
Total Long-Term Liabilities $4.479B
Total Liabilities $4.555B
YoY Change 3.44%
SHAREHOLDERS EQUITY
Retained Earnings -$818.9M
YoY Change 2.37%
Common Stock $1.877M
YoY Change 2.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.369B
YoY Change
Total Liabilities & Shareholders Equity $8.924B
YoY Change 4.23%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $97.90M
YoY Change -8.32%
Depreciation, Depletion And Amortization $63.37M
YoY Change 6.5%
Cash From Operating Activities $206.6M
YoY Change 7.9%
INVESTING ACTIVITIES
Capital Expenditures $126.2M
YoY Change -35.96%
Acquisitions
YoY Change
Other Investing Activities $20.50M
YoY Change -58.0%
Cash From Investing Activities -$105.7M
YoY Change -28.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.74M
YoY Change 22.47%
NET CHANGE
Cash From Operating Activities 206.6M
Cash From Investing Activities -105.7M
Cash From Financing Activities 60.74M
Net Change In Cash 161.7M
YoY Change 74.07%
FREE CASH FLOW
Cash From Operating Activities $206.6M
Capital Expenditures $126.2M
Free Cash Flow $80.47M
YoY Change -1563.07%

Facts In Submission

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NNN REIT, INC.
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581000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
812200000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
13103000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4248000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
216934000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31528000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3206000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2478000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
138000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-114000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
517826000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
490813000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
106764000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
89542000
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
351149000
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
524719000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
470000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
440000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1099000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1534000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-245014000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-436271000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
449000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
646000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
581000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
812200000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
493840000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
13103000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4248000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
216934000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31528000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3206000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
777000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
311920000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
301793000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99455000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36943000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
173357000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
91485000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5155000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6778000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178512000
us-gaap Interest Paid Net
InterestPaidNet
92477000
us-gaap Interest Paid Net
InterestPaidNet
79058000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1692000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1843000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
2539000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
-24498000
CY2024Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
4986000
CY2023Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
3966000
CY2023Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
21126000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
449000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
646000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
581000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
812200000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
9947000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
493840000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
488380000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
350000000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
13103000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4248000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
216934000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31528000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3206000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
777000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
311920000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
301793000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99455000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36943000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
173357000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5155000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98263000
us-gaap Interest Paid Net
InterestPaidNet
92477000
us-gaap Interest Paid Net
InterestPaidNet
79058000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1692000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1843000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6401000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
2539000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
-24498000
CY2024Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
4986000
CY2023Q4 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
3966000
CY2023Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
21126000
CY2024Q3 nnn Investment Properties Total
InvestmentPropertiesTotal
3549
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
36550000
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
49
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
777000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
311920000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
301793000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99455000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36943000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
173357000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5155000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6778000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178512000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98263000
us-gaap Interest Paid Net
InterestPaidNet
92477000
us-gaap Interest Paid Net
InterestPaidNet
79058000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1692000
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
1843000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6401000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
2539000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
-24498000
CY2024Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
4986000
CY2023Q3 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
21126000
CY2024Q3 nnn Investment Properties Total
InvestmentPropertiesTotal
3549
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
36550000
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
49
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4744000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2374000
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1268000
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1248000
CY2024Q3 nnn Investment Properties Total
InvestmentPropertiesTotal
3549
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
36550000
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
49
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4744000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2374000
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1268000
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1248000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
709000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
348000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4744000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2374000
CY2024Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1268000
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1248000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
709000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
348000
CY2024Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
11
CY2023Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
8
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.043
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.048
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.056
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.069
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.065
CY2023Q3 nnn Lease Income Annualized On Base Rent
LeaseIncomeAnnualizedOnBaseRent
800194000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
31330000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
44368000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
709000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
348000
CY2024Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
11
CY2023Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
8
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.043
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.048
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.056
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.069
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.065
CY2024Q3 nnn Lease Income Annualized On Base Rent
LeaseIncomeAnnualizedOnBaseRent
850976000
CY2023Q3 nnn Lease Income Annualized On Base Rent
LeaseIncomeAnnualizedOnBaseRent
800194000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
31330000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
44368000
CY2024Q3 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
10446000
CY2023Q3 nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
14281000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
11
CY2023Q3 nnn Lease Income Recognized On Cash Basis Number Of Tenants
LeaseIncomeRecognizedOnCashBasisNumberOfTenants
8
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.043
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Properties
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalProperties
0.048
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.056
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Total Annual Base Rent
LeaseIncomeRecognizedOnCashBasisPercentageOfTotalAnnualBaseRent
0.069
CY2024Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.065
CY2023Q3 nnn Lease Income Recognized On Cash Basis Percentage Of Aggregate Gross Leasable Area
LeaseIncomeRecognizedOnCashBasisPercentageOfAggregateGrossLeasableArea
0.064
CY2024Q3 nnn Lease Income Annualized On Base Rent
LeaseIncomeAnnualizedOnBaseRent
850976000
CY2023Q3 nnn Lease Income Annualized On Base Rent
LeaseIncomeAnnualizedOnBaseRent
800194000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
31330000
nnn Lease Income Recognized On Cash Basis
LeaseIncomeRecognizedOnCashBasis
44368000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
4986000
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
3966000
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
4986000
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
3966000
CY2024Q3 us-gaap Escrow Deposit
EscrowDeposit
4986000
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
3966000
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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;">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. Leasehold interests are amortized on the straight-line method over the terms of their respective leases. When scheduled rentals vary during the lease term, income is recognized on a straight-line basis so as to produce a constant periodic rent over the term of the lease. 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>
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
97904000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
106787000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
298941000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
295658000
CY2024Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
185000
CY2023Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
171000
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
511000
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
448000
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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;">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. Leasehold interests are amortized on the straight-line method over the terms of their respective leases. When scheduled rentals vary during the lease term, income is recognized on a straight-line basis so as to produce a constant periodic rent over the term of the lease. 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>
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
97904000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
106787000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
298941000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
295658000
CY2024Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
185000
CY2023Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
171000
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
511000
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
448000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
97719000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
106616000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
298430000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
295210000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
185094982
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182424814
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
183780842
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182092117
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
318796
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
290458
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
298973
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
268713
CY2024Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
769010
CY2023Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
736083
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
724772
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
702441
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184007176
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181398273
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182757097
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181120963
CY2023Q3 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
323194
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<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;">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. Leasehold interests are amortized on the straight-line method over the terms of their respective leases. When scheduled rentals vary during the lease term, income is recognized on a straight-line basis so as to produce a constant periodic rent over the term of the lease. 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>
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
97904000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
106787000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
298941000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
295658000
CY2024Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
185000
CY2023Q3 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
171000
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
511000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
298430000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
295210000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
185094982
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182424814
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
183780842
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182092117
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
318796
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
290458
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
298973
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
268713
CY2024Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
769010
CY2023Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
736083
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
724772
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
702441
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184007176
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181398273
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182757097
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181120963
CY2024Q3 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
554255
CY2023Q3 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
323194
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
544473
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
339659
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184561431
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181721467
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183301570
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181460622
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
97719000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
295210000
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
185094982
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182424814
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
183780842
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
182092117
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
318796
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
290458
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
268713
CY2024Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
769010
CY2023Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
736083
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
724772
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
702441
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
184007176
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181398273
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182757097
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
181120963
CY2024Q3 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
554255
CY2023Q3 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
323194
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
544473
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
339659
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184561431
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181721467
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183301570
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181460622
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
544473
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
339659
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184561431
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181721467
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183301570
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
181460622
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 unaudited condensed 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>
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y
CY2024Q3 nnn Number Of Investment Properties Leased Under Operating Leases
NumberOfInvestmentPropertiesLeasedUnderOperatingLeases
3541
CY2024Q3 nnn Number Of Investment Properties Leased Under Direct Financing Leases
NumberOfInvestmentPropertiesLeasedUnderDirectFinancingLeases
4
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
2901152000
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 unaudited condensed 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>
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P10Y
CY2024Q3 nnn Number Of Investment Properties Leased Under Operating Leases
NumberOfInvestmentPropertiesLeasedUnderOperatingLeases
3541
CY2024Q3 nnn Number Of Investment Properties Leased Under Direct Financing Leases
NumberOfInvestmentPropertiesLeasedUnderDirectFinancingLeases
4
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
2901152000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2878400000
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7650577000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7368873000
CY2024Q3 us-gaap Tenant Improvements
TenantImprovements
355000
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10552084000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10247628000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2012183000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1863451000
CY2024Q3 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8539901000
CY2023Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8384177000
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
79447000
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
144068000
CY2024Q3 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8619348000
CY2023Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8528245000
CY2024Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2577000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3033000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8625489000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8535851000
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 unaudited condensed 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>
CY2024Q3 nnn Number Of Investment Properties Leased Under Operating Leases
NumberOfInvestmentPropertiesLeasedUnderOperatingLeases
3541
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
2901152000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2878400000
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7650577000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7368873000
CY2024Q3 us-gaap Tenant Improvements
TenantImprovements
355000
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10552084000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10247628000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2012183000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1863451000
CY2024Q3 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8539901000
CY2023Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8384177000
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
79447000
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
144068000
CY2024Q3 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8619348000
CY2023Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8528245000
CY2024Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2577000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3033000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8625489000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8535851000
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
213447000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
200287000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
2878400000
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7650577000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
7368873000
CY2024Q3 us-gaap Tenant Improvements
TenantImprovements
355000
CY2023Q4 us-gaap Tenant Improvements
TenantImprovements
355000
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10552084000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10247628000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2012183000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1863451000
CY2024Q3 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8539901000
CY2023Q4 nnn Real Estate Investment Property Net Before Development In Process
RealEstateInvestmentPropertyNetBeforeDevelopmentInProcess
8384177000
CY2024Q3 us-gaap Development In Process
DevelopmentInProcess
79447000
CY2023Q4 us-gaap Development In Process
DevelopmentInProcess
144068000
CY2024Q3 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8619348000
CY2023Q4 nnn Operating Lease Net Investment In Lease
OperatingLeaseNetInvestmentInLease
8528245000
CY2024Q3 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
2577000
CY2023Q4 us-gaap Direct Financing Lease Net Investment In Lease
DirectFinancingLeaseNetInvestmentInLease
3033000
CY2024Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
3564000
CY2023Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4573000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8625489000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
8535851000
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
213447000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
200287000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
634088000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
596099000
CY2024Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
116000
CY2023Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
140000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
353000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
427000
CY2024Q3 us-gaap Variable Lease Income
VariableLeaseIncome
200000
us-gaap Variable Lease Income
VariableLeaseIncome
1347000
us-gaap Variable Lease Income
VariableLeaseIncome
1390000
CY2024Q3 nnn Rental Revenues
RentalRevenues
213763000
CY2023Q3 nnn Rental Revenues
RentalRevenues
200763000
nnn Rental Revenues
RentalRevenues
635788000
nnn Rental Revenues
RentalRevenues
597916000
CY2024Q3 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
4392000
CY2023Q3 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
4093000
nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
12996000
CY2024Q3 us-gaap Lease Income
LeaseIncome
218155000
CY2023Q3 us-gaap Lease Income
LeaseIncome
204856000
us-gaap Lease Income
LeaseIncome
649120000
us-gaap Lease Income
LeaseIncome
610912000
nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
8000
nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
1496000
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
213447000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
200287000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
634088000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
596099000
CY2024Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
116000
CY2023Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
140000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
353000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
427000
CY2024Q3 us-gaap Variable Lease Income
VariableLeaseIncome
200000
CY2023Q3 us-gaap Variable Lease Income
VariableLeaseIncome
336000
us-gaap Variable Lease Income
VariableLeaseIncome
1347000
us-gaap Variable Lease Income
VariableLeaseIncome
1390000
CY2024Q3 nnn Rental Revenues
RentalRevenues
213763000
CY2023Q3 nnn Rental Revenues
RentalRevenues
200763000
nnn Rental Revenues
RentalRevenues
635788000
nnn Rental Revenues
RentalRevenues
597916000
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OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
4392000
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OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
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nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
13332000
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OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
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LeaseIncome
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LeaseIncome
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LeaseIncome
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LeaseIncomeAccruedDuringPeriod
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LeaseIncomeAccruedDuringPeriod
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LeaseIncomeAccruedDuringPeriod
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LeaseIncomeAccruedDuringPeriod
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BelowMarketLeaseGross
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BelowMarketLeaseAccumulatedAmortization
29246000
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BelowMarketLeaseAccumulatedAmortization
29117000
CY2024Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
11311000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12127000
CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
7765000
CY2023Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
19992000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
30207000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
634088000
CY2024Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
116000
CY2023Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
140000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
353000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
427000
CY2024Q3 us-gaap Variable Lease Income
VariableLeaseIncome
200000
CY2023Q3 us-gaap Variable Lease Income
VariableLeaseIncome
336000
us-gaap Variable Lease Income
VariableLeaseIncome
1347000
us-gaap Variable Lease Income
VariableLeaseIncome
1390000
CY2024Q3 nnn Rental Revenues
RentalRevenues
213763000
CY2023Q3 nnn Rental Revenues
RentalRevenues
200763000
nnn Rental Revenues
RentalRevenues
635788000
nnn Rental Revenues
RentalRevenues
597916000
CY2024Q3 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
4392000
CY2023Q3 nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
4093000
nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
13332000
nnn Operating Lease Income Statement Real Estate Expense Reimbursement From Tenants
OperatingLeaseIncomeStatementRealEstateExpenseReimbursementFromTenants
12996000
CY2024Q3 us-gaap Lease Income
LeaseIncome
218155000
CY2023Q3 us-gaap Lease Income
LeaseIncome
204856000
us-gaap Lease Income
LeaseIncome
649120000
us-gaap Lease Income
LeaseIncome
610912000
nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
8000
nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
1496000
CY2024Q3 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
123000
CY2023Q3 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
493000
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
40557000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41244000
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
29246000
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BelowMarketLeaseNet
11311000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12127000
CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
7765000
CY2023Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
19992000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
30207000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
40222000
CY2024Q3 nnn Real Estate Investment Funding Construction Commitments Number Of Properties
RealEstateInvestmentFundingConstructionCommitmentsNumberOfProperties
16
CY2024Q3 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
123000
CY2023Q3 nnn Lease Income Accrued During Period
LeaseIncomeAccruedDuringPeriod
493000
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
40557000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41244000
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
29246000
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
29117000
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BelowMarketLeaseNet
11311000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
12127000
CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
7765000
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GainsLossesOnSalesOfInvestmentRealEstate
19992000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
30207000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
40222000
CY2024Q3 nnn Real Estate Investment Funding Construction Commitments Number Of Properties
RealEstateInvestmentFundingConstructionCommitmentsNumberOfProperties
16
CY2024Q3 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
177392000
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RealEstateInvestmentFundingCommitmentsAmountFunded
-118820000
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RealEstateInvestmentFundingCommitmentsRemainingCommitment
58572000
CY2024Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
760000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
40222000
CY2024Q3 nnn Real Estate Investment Funding Construction Commitments Number Of Properties
RealEstateInvestmentFundingConstructionCommitmentsNumberOfProperties
16
CY2024Q3 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
-118820000
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RealEstateInvestmentFundingCommitmentsRemainingCommitment
58572000
CY2024Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
760000
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1001000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2908000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3675000
CY2024Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
0
CY2023Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
1
nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
2
nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
4
CY2024Q3 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
2
CY2023Q3 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
1
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
5
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
2
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
75769000
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0628
CY2024Q3 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
58572000
CY2024Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
760000
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1001000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2908000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3675000
CY2024Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
0
CY2023Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
1
nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
2
CY2024Q3 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
2
CY2023Q3 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
1
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
5
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
2
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
75769000
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0628
CY2024Q3 nnn Line Of Credit Facility Accordion Feature Increase Limit
LineOfCreditFacilityAccordionFeatureIncreaseLimit
2000000000
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1200000000
CY2024Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
1858000
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1001000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2908000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3675000
CY2024Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
0
CY2023Q3 nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
1
nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
2
nnn Number Of Impaired Real Estate Properties Vacant
NumberOfImpairedRealEstatePropertiesVacant
4
CY2024Q3 nnn Number Of Impaired Real Estate Properties Occupied
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2
CY2023Q3 nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
1
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
5
nnn Number Of Impaired Real Estate Properties Occupied
NumberOfImpairedRealEstatePropertiesOccupied
2
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
75769000
CY2024Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0628
CY2024Q3 nnn Line Of Credit Facility Accordion Feature Increase Limit
LineOfCreditFacilityAccordionFeatureIncreaseLimit
2000000000
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1200000000
CY2024Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
1858000
CY2024Q3 nnn Line Of Credit Facility Accordion Feature Increase Limit
LineOfCreditFacilityAccordionFeatureIncreaseLimit
2000000000
CY2024Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1200000000
CY2024Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
1858000
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4043176000
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3801367000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4043176000
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
3801367000
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
4043176000
CY2023Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
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CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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