Segment Information

9 Months Ended

Sep. 30, 2012

Segment Information

Segment Information

16.   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 45 industry and activity segments. 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, 2012 (dollars in thousands):

	September 30,	December 31,
Assets, as of:	2012	2011
Segment net real estate:
Automotive service	$   97,932	$   99,974
Automotive tire services	186,451	191,797
Beverages	311,624	314,832
Child care	62,975	66,474
Convenience stores	676,035	690,246
Dollar stores	237,642	1,327
Drug stores	160,894	154,015
Grocery stores	217,443	221,678
Health and fitness	291,693	293,624
Restaurants - casual dining	457,900	471,842
Restaurants - quick service	257,410	277,648
Sporting goods	78,391	80,351
Theaters	384,445	383,452
Transportation services	116,483	107,632
Wholesale club	310,247	154,964
30 non-reportable segments	887,123	650,152
Total segment net real estate	4,734,688	4,160,008
Intangible assets:
Automotive tire services	485	529
Beverages	3,377	3,571
Dollar stores	7,721	-
Drug stores	15,215	14,422
Grocery stores	5,372	5,655
Health and fitness	1,459	1,566
Restaurants - quick service	3,607	4,037
Sporting goods	4,977	5,324
Theaters	29,694	31,163
Transportation services	27,896	28,944
Other non-reportable segments	90,778	58,126
Goodwill:
Automotive service	472	472
Automotive tire services	866	866
Child care	5,296	5,353
Convenience stores	2,067	2,073
Restaurants - casual dining	2,435	2,461
Restaurants - quick service	1,221	1,318
Other non-reportable segments	4,653	4,663
Other corporate assets	94,047	88,838
Total assets	$  5,036,326	$  4,419,389

	Three months ended		Nine months ended
	September 30,		September 30,
Revenue	2012	2011	2012	2011
Segment rental revenue:
Automotive service	$  3,701	$  3,817	$  11,196	$  11,609
Automotive tire services	5,641	5,644	16,962	16,974
Beverages	6,171	5,960	18,381	17,472
Child care	5,373	5,470	16,099	16,433
Convenience stores	19,521	19,430	58,376	58,109
Dollar stores	3,618	36	4,745	107
Drug stores	4,220	4,017	12,344	11,777
Grocery stores	4,387	1,632	13,166	4,899
Health and fitness	8,059	6,470	23,991	18,944
Restaurants - casual dining	8,734	11,473	26,284	34,270
Restaurants - quick service	6,955	6,197	21,000	18,254
Sporting goods	2,936	2,791	8,853	8,295
Theaters	11,364	9,779	33,622	25,715
Transportation services	2,942	2,298	8,569	5,146
Wholesale club	3,359	34	9,410	34
30 non-reportable segments	22,864	20,694	65,684	54,562
Total rental revenue	119,845	105,742	348,682	302,600
Other revenue	392	488	1,250	886
Total revenue	$ 120,237	$ 106,230	$ 349,932	$ 303,486