Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Segment Information

17.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 March 31, 2015 (dollars in thousands):

	March 31,		December 31,
Assets, as of:	2015		2014
Segment net real estate:
Apparel	$	187,016	$	188,387
Automotive service	131,420		119,684
Automotive tire services	252,785		254,857
Beverages	300,932		302,001
Child care	53,647		54,523
Convenience stores	746,209		752,047
Dollar stores	1,156,416		1,165,560
Drug stores	1,057,256		1,036,697
Financial services	260,145		262,095
Grocery stores	336,052		338,624
Health and fitness	541,941		546,583
Health care	224,982		227,084
Home improvement	229,131		226,577
Restaurants-casual dining	444,247		450,337
Restaurants-quick service	376,562		336,753
Theaters	375,636		375,982
Transportation services	659,753		661,053
Wholesale club	462,317		465,569
30 other non-reportable segments	2,056,694		2,017,127
Total segment net real estate	9,853,141		9,781,540
Intangible assets:
Apparel	51,580		52,680
Automotive service	20,111		2,909
Automotive tire services	14,453		14,871
Beverages	2,732		2,797
Convenience stores	17,161		17,535
Dollar stores	57,352		58,691
Drug stores	197,445		194,905
Financial services	38,330		39,564
Grocery stores	45,719		46,729
Health and fitness	65,189		66,460
Health care	33,750		35,017
Home improvement	36,946		35,726
Restaurants-casual dining	10,335		10,649
Restaurants-quick service	21,623		16,415
Theaters	20,561		21,601
Transportation services	97,902		101,040
Wholesale club	38,834		39,707
Other non-reportable segments	286,822		282,428
Goodwill:
Automotive service	448		452
Automotive tire services	865		865
Child care	5,064		5,095
Convenience stores	2,023		2,023
Restaurants-casual dining	2,269		2,279
Restaurants-quick service	1,085		1,085
Other non-reportable segments	3,671		3,671
Other corporate assets	166,742		175,888
Total assets	$	11,092,153	$	11,012,622

Revenue for the three months ended March 31,	2015		2014
Segment rental revenue:
Apparel	$	5,004	$	3,800
Automotive service	4,232		3,994
Automotive tire services	7,069		7,052
Beverages	6,328		6,253
Child care	5,019		4,988
Convenience stores	22,545		22,105
Dollar stores	21,947		19,523
Drug stores	22,568		20,264
Financial services	4,264		4,122
Grocery stores	7,283		5,891
Health and fitness	16,015		14,848
Health care	4,017		3,987
Home improvement	5,178		2,771
Restaurants-casual dining	9,506		9,757
Restaurants-quick service	10,395		8,729
Theaters	12,190		11,529
Transportation services	12,951		11,282
Wholesale club	9,341		8,751
30 other non-reportable segments	49,270		44,476
Total rental revenue	235,122		214,122
Tenant reimbursements	9,963		6,427
Other revenue	1,782		1,023
Total revenue	$	246,867	$	221,572