Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

We evaluate performance and make resource allocation decisions on an industry by industry basis. For financial reporting purposes, we have grouped our clients into 51 activity segments. All of the properties are incorporated into one of the applicable segments. Unless otherwise specified, all segments listed below are located within the U.S. Because substantially all of our leases require our clients to pay or reimburse us for operating expenses, rental revenue is the only component of segment profit and loss we measure. Our investments in industries outside of the U.S. are managed as separate operating segments.

The following tables set forth certain information regarding the properties owned by us, classified according to the business of our respective clients (dollars in thousands):

Assets, as of December 31:	2020		2019
Segment net real estate:
Automotive service	$	328,340	$	288,453
Beverages	347,366		279,373
Child care	216,718		208,326
Convenience stores	2,101,005		2,057,157
Dollar stores	1,420,210		1,427,950
Drug stores	1,555,106		1,618,854
Financial services	374,508		389,634
General merchandise	730,806		475,418
Grocery stores - U.S.	907,634		922,349
Grocery stores - U.K.	1,131,760		663,210
Health and fitness	1,050,791		1,019,796
Home improvement - U.S.	608,222		495,305
Restaurants-casual dining	515,226		576,526
Restaurants-quick service	1,062,918		1,059,155
Theaters - U.S.	767,117		878,103
Transportation services	729,640		769,614
Wholesale club	407,584		396,690
Other non-reportable segments	3,230,205		2,970,859
Total segment net real estate	17,485,156		16,496,772
Intangible assets:
Automotive service	55,018		58,854
Beverages	9,401		1,509
Child care	19,848		21,997
Convenience stores	121,151		131,808
Dollar stores	77,176		82,701
Drug stores	167,975		183,319
Financial services	14,611		17,130
General merchandise	108,646		66,135
Grocery stores - U.S.	181,764		180,197
Grocery stores - U.K.	282,211		153,407
Health and fitness	67,537		74,428
Home improvement - U.S.	97,228		72,979
Restaurants-casual dining	20,553		23,289
Restaurants-quick service	47,517		52,353
Theaters - U.S.	28,292		36,089
Transportation services	53,902		66,055
Wholesale club	36,165		23,372
Other non-reportable segments	321,660		247,761
Other corporate assets	1,544,474		564,641
Total assets	$	20,740,285	$	18,554,796

Revenue for the years ended December 31,	2020		2019		2018
Segment rental revenue:
Automotive service	$	35,090	$	32,365	$	28,303
Beverages	32,771		31,807		31,488
Child care	35,643		31,749		21,865
Convenience stores	189,658		166,755		142,194
Dollar stores	126,719		102,695		94,782
Drug stores	140,993		127,853		129,565
Financial services	30,531		30,189		29,429
General merchandise	49,352		35,366		29,249
Grocery stores - U.S.	78,106		69,691		63,594
Grocery stores - U.K.	51,459		17,819		—
Health and fitness	104,744		105,896		94,638
Home improvement - U.S.	46,392		42,351		37,939
Restaurants-casual dining	46,265		45,238		46,171
Restaurants-quick service	88,163		92,018		72,465
Theaters - U.S.	78,653		87,698		70,560
Transportation services	64,131		66,500		63,565
Wholesale club	38,713		38,117		37,571
Other non-reportable segments and contractually obligated reimbursements by our clients	402,150		360,711		328,168
Rental (including reimbursable)	1,639,533		1,484,818		1,321,546
Other	12,092		6,773		6,292
Total revenue	$	1,651,625	$	1,491,591	$	1,327,838