Segment Information

6 Months Ended

Jun. 30, 2016

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 47 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 (dollars in thousands):

	June 30,		December 31,
Assets, as of:	2016		2015
Segment net real estate:
Apparel	$	177,482	$	180,175
Automotive service	130,310		129,068
Automotive tire services	242,893		247,200
Beverages	295,585		297,724
Child care	50,965		52,391
Convenience stores	711,270		723,092
Dollar stores	1,139,394		1,158,948
Drug stores	1,406,370		1,386,387
Financial services	250,145		254,022
General merchandise	258,546		195,030
Grocery stores	326,362		331,565
Health and fitness	826,981		839,872
Health care	218,243		220,018
Home improvement	290,763		268,974
Motor vehicle dealerships	195,624		137,315
Restaurants-casual dining	558,588		421,235
Restaurants-quick service	504,888		466,802
Sporting goods	159,223		141,287
Theaters	370,275		371,617
Transportation services	772,749		686,041
Wholesale club	446,060		452,563
27 other non-reportable segments	1,675,430		1,657,558
Total segment net real estate	11,008,146		10,618,884
Intangible assets:
Apparel	45,951		48,116
Automotive service	18,861		19,131
Automotive tire services	12,367		13,202
Beverages	2,409		2,538
Convenience stores	15,107		15,843
Dollar stores	54,040		56,420
Drug stores	190,449		189,631
Financial services	32,157		34,626
General merchandise	49,764		41,301
Grocery stores	40,747		42,823
Health and fitness	64,731		65,037
Health care	27,585		29,950
Home improvement	43,536		42,630
Motor vehicle dealerships	23,852		13,182
Restaurants-casual dining	22,625		9,392
Restaurants-quick service	34,724		32,612
Sporting goods	16,061		11,871
Theaters	15,748		17,673
Transportation services	103,884		92,602
Wholesale club	34,469		36,215
Other non-reportable segments	213,978		219,622
Goodwill:
Automotive service	445		448
Automotive tire services	863		865
Child care	4,999		5,034
Convenience stores	2,008		2,009
Restaurants-casual dining	2,175		2,215
Restaurants-quick service	1,075		1,082
Other non-reportable segments	3,655		3,668
Other corporate assets	163,020		176,757
Total assets	$	12,249,431	$	11,845,379

	Three months ended				Six months ended
	June 30,				June 30,
Revenue	2016		2015		2016		2015
Segment rental revenue:
Apparel	$	4,879	$	4,932	$	9,754	$	9,863
Automotive service	4,814		4,795		9,491		9,116
Automotive tire services	7,220		7,280		14,484		14,370
Beverages	6,404		6,328		12,809		12,656
Child care	4,845		4,863		9,937		9,884
Convenience stores	22,789		22,557		45,653		45,073
Dollar stores	22,728		21,943		45,324		43,890
Drug stores	28,638		25,885		57,059		48,483
Financial services	4,252		4,263		8,565		8,528
General merchandise	4,301		3,842		8,560		7,866
Grocery stores	7,408		7,527		15,054		14,882
Health and fitness	21,545		17,396		42,849		33,411
Health care	4,049		4,016		8,065		8,032
Home improvement	6,099		5,506		12,153		10,684
Motor vehicle dealerships	5,595		3,945		9,809		7,760
Restaurants-casual dining	10,633		9,463		20,468		18,912
Restaurants-quick service	12,482		9,620		25,276		19,982
Sporting goods	5,316		4,878		9,872		8,577
Theaters	12,708		12,286		26,157		24,476
Transportation services	13,752		12,251		26,842		25,202
Wholesale club	9,369		9,341		18,738		18,683
27 other non-reportable segments	40,230		38,514		79,938		76,224
Total rental revenue	260,056		241,431		516,857		476,554
Tenant reimbursements	11,112		11,607		20,217		21,570
Other revenue	(129)		822		1,081		2,604
Total revenue	$	271,039	$	253,860	$	538,155	$	500,728