Segment Information

9 Months Ended

Sep. 30, 2014

Segment Information

Segment Information

19.   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 48 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, rental 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, 2014 (dollars in thousands):

	September 30,		December 31,
Assets, as of:	2014		2013
Segment net real estate:
Apparel	$	185,946	$	114,126
Automotive service	112,522		116,190
Automotive tire services	256,741		258,403
Beverages	303,070		306,278
Child care	55,190		56,599
Convenience stores	761,463		766,472
Dollar stores	1,171,645		824,274
Drug stores	1,029,922		943,401
Financial services	264,045		252,987
Food processing	134,436		138,000
Grocery stores	333,903		280,047
Health and fitness	556,846		493,981
Health care	228,374		228,491
Home improvement	213,226		121,575
Restaurants-casual dining	459,391		475,480
Restaurants-quick service	297,659		312,474
Theaters	379,498		367,830
Transportation services	661,504		623,541
Wholesale club	468,820		455,875
29 other non-reportable segments	1,827,640		1,660,585
Total segment net real estate	9,701,841		8,796,609
Intangible assets:
Apparel	54,371		37,553
Automotive service	2,994		3,248
Automotive tire services	15,288		15,770
Beverages	2,861		3,055
Convenience stores	17,909		13,342
Dollar stores	59,875		50,209
Drug stores	194,160		180,506
Financial services	40,799		40,112
Food processing	23,516		25,297
Grocery stores	42,887		22,073
Health and fitness	69,275		53,703
Health care	36,284		38,465
Home improvement	39,262		18,039
Restaurants-casual dining	10,963		11,906
Restaurants-quick service	16,905		17,936
Theaters	22,794		23,600
Transportation services	104,178		107,296
Wholesale club	40,580		33,221
Other non-reportable segments	264,978		240,128
Goodwill:
Automotive service	451		454
Automotive tire services	865		865
Child care	5,127		5,141
Convenience stores	2,030		2,031
Restaurants-casual dining	2,299		2,328
Restaurants-quick service	1,086		1,131
Other non-reportable segments	3,677		3,710
Other corporate assets	162,585		176,713
Total assets	$	10,939,840	$	9,924,441

		Three months ended			Nine months ended
		September 30,			September 30,
Revenue		2014	2013		2014		2013
Segment rental revenue:
Apparel	$	4,922	$	3,626	$	12,999	$	10,579
Automotive service		4,025	3,900		12,427		11,561
Automotive tire services		6,973	6,866		21,111		20,106
Beverages		6,321	6,246		18,827		18,603
Child care		4,990	5,095		14,974		15,613
Convenience stores		22,592	21,727		67,221		62,178
Dollar stores		21,810	12,185		62,880		31,959
Drug stores		21,269	17,767		62,673		40,690
Financial services		4,248	3,916		12,572		11,026
Food processing		3,004	2,815		9,014		8,299
Grocery stores		7,163	5,553		19,763		16,365
Health and fitness		15,800	11,843		46,114		33,005
Health care		4,017	3,824		12,022		10,645
Home improvement		4,796	2,899		10,650		8,364
Restaurants-casual dining		9,591	9,755		28,996		28,568
Restaurants-quick service		7,933	8,026		24,530		23,639
Theaters		11,899	11,538		34,975		34,584
Transportation services		11,598	10,427		34,383		29,505
Wholesale club		9,250	8,655		27,247		20,696
29 other non-reportable segments		44,631	38,669		129,444		107,234
Total rental revenue		226,832	195,332		662,822		543,219
Tenant reimbursements		8,275	5,107		20,872		15,619
Other revenue		606	1,642		2,238		5,207
Total revenue	$	235,713	$	202,081	$	685,932	$	564,045