Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

14.     Segment Information

We evaluate performance and make resource allocation decisions on an industry by industry basis. For financial reporting purposes, we have grouped our tenants into 39 industry and activity segments (including properties owned by Crest that are grouped together as a segment). All of the properties are incorporated into one of the applicable segments. Because almost all of our leases require the tenant to pay operating expenses, revenue is the only component of segment profit and loss we measure.

The following tables set forth certain information regarding the properties owned by us, classified according to the business of the respective tenants, as of September 30, 2011 (dollars in thousands):

	September 30,		December 31,
Assets, as of:	2011		2010
Segment net real estate:
Automotive service	$	104,676	$	107,507
Automotive tire services		191,071		195,883
Beverages		308,512		302,159
Child care		67,682		72,935
Convenience stores		695,711		711,667
Drug stores		155,223		143,739
Health and fitness		292,734		220,653
Restaurants - casual dining		476,004		487,141
Restaurants - quick service		279,744		247,475
Sporting goods		81,005		82,966
Theaters		386,693		281,072
Transportation services		96,966		4,961
Wholesale clubs		155,979		-
26 non-reportable segments		726,076		546,720
Total segment net real estate		4,018,076		3,404,878
Intangible assets:    Automotive tire services		544		588
Beverages		3,635		-
Drug stores		14,708		5,939
Health and fitness		1,601		1,708
Restaurants - quick service		4,180		-
Sporting goods		5,439		5,786
Theaters		32,338		1,579
Transportation services		22,454		-
Other - non-reportable segments		65,225		10,621
Goodwill:
Automotive service		1,338		1,338
Child care		5,353		5,353
Convenience stores		2,074		2,074
Restaurants - casual dining		2,461		2,461
Restaurants - quick service		1,318		1,318
Other - non-reportable segments		4,662		4,662
Other corporate assets		89,368		87,285
Total assets	$	4,274,774	$	3,535,590

	Three months ended				Nine months ended
	September 30,				September 30,
Revenue	2011		2010		2011		2010
Segment rental revenue:
Automotive service	$	3,979	$	4,018	$	12,078	$	11,907
Automotive tire services		5,507		5,476		17,486		16,476
Beverages		5,960		4,838		17,472		5,158
Child care		5,547		5,670		16,713		16,630
Convenience stores		19,512		14,340		58,355		42,775
Drug stores		4,017		3,479		11,777		10,343
Health and fitness		6,482		5,833		18,978		17,587
Restaurants - casual dining		11,611		11,337		34,692		34,169
Restaurants - quick service		6,767		6,370		19,961		20,055
Sporting goods		2,791		2,232		8,294		6,494
Theaters		9,779		7,563		25,715		22,690
Transportation services		2,298		187		5,146		562
Wholesale clubs		34		-		34		-
26 non-reportable segments		22,524		15,406		60,045		46,391
Total rental revenue		106,808		86,749		306,746		251,237
Other revenue		488		84		886		385
Total revenue	$	107,296	$	86,833	$	307,632	$	251,622