Revenues: | |
Rental income from operating leases | |
Earned income from direct financing leases | 338K |
Percentage rent | 321K |
Real estate expense reimbursement from tenants | 3.41M |
Interest and other income from real estate transactions | 141K |
Interest income on commercial mortgage residual interests | 384K |
Total revenues | 134.54M |
Disposition of real estate, Inventory Portfolio: | |
Gross proceeds | |
Costs | |
Gain | |
Retail operations: | |
Revenues | |
Operating expenses | |
Net | |
Operating expenses: | |
General and administrative | 9.12M |
Real estate | 4.94M |
Depreciation and amortization | 38.97M |
Impairment - commercial mortgage residual interests valuation | 5.98M |
Total operating expenses | 63.92M |
Earnings from operations | 70.62M |
Other expenses (revenues): | |
Interest and other income | -17K |
Interest expense | 24.26M |
Total other expenses (revenues) | 24.35M |
Earnings from continuing operations before income tax expense and equity in earnings of unconsolidated affiliate | 46.27M |
Income tax expense | 0 |
Equity in earnings of unconsolidated affiliate | |
Earnings from continuing operations | 46.27M |
Earnings (loss) from discontinued operations (Note 7): | |
Real estate, Investment Portfolio, net of income tax expense | |
Real estate, Inventory Portfolio, net of income tax expense | |
Total income (loss) from discontinued operations, net of tax, including portion attributable to noncontrolling interest | |
Earnings including noncontrolling interests | 50.77M |
Loss (earnings) attributable to noncontrolling interests: | |
Continuing operations | 12K |
Discontinued operations | |
Net loss (income) attributable to noncontrolling interest | |
Net earnings attributable to NNN | 50.78M |
Net earnings attributable to NNN | 50.78M |
Series C preferred stock dividends | |
Net earnings available to common stockholders | 41.93M |
Basic: | |
Continuing operations | 0.29 |
Discontinued operations | |
Net earnings | |
Diluted: | |
Continuing operations | 0.28 |
Discontinued operations | |
Net earnings | |
Weighted average number of common shares outstanding: | |
Basic | 146.11M |
Diluted | 146.68M |