Segment Information

9 Months Ended

Sep. 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):

	September 30,		December 31,
Assets, as of:	2016		2015
Segment net real estate:
Apparel	$	176,015	$	180,175
Automotive service	154,929		129,068
Automotive tire services	240,156		247,200
Beverages	294,516		297,724
Child care	50,510		52,391
Convenience stores	704,757		723,092
Dollar stores	1,130,030		1,158,948
Drug stores	1,554,847		1,386,387
Financial services	247,458		254,022
General merchandise	218,785		195,030
Grocery stores	428,373		333,388
Health and fitness	828,317		839,872
Health care	216,629		220,018
Home improvement	286,140		268,974
Motor vehicle dealerships	191,474		137,315
Restaurants-casual dining	524,832		418,883
Restaurants-quick service	549,319		467,330
Theaters	371,086		371,617
Transportation services	801,643		686,041
Wholesale club	442,809		452,563
27 other non-reportable segments	1,851,033		1,798,846
Total segment net real estate	11,263,658		10,618,884
Intangible assets:
Apparel	44,869		48,116
Automotive service	33,451		19,131
Automotive tire services	11,950		13,202
Beverages	2,345		2,538
Convenience stores	14,740		15,843
Dollar stores	52,645		56,420
Drug stores	187,364		189,631
Financial services	30,947		34,626
General merchandise	39,780		41,301
Grocery stores	61,380		42,823
Health and fitness	64,949		65,037
Health care	26,312		29,950
Home improvement	44,493		42,630
Motor vehicle dealerships	25,795		13,182
Restaurants-casual dining	22,553		9,392
Restaurants-quick service	44,153		32,612
Theaters	14,785		17,673
Transportation services	105,326		92,602
Wholesale club	33,596		36,215
Other non-reportable segments	226,215		231,493
Goodwill:
Automotive service	445		448
Automotive tire services	862		865
Child care	4,988		5,034
Convenience stores	2,008		2,009
Restaurants-casual dining	2,137		2,215
Restaurants-quick service	1,071		1,082
Other non-reportable segments	3,654		3,668
Other corporate assets	169,982		176,757
Total assets	$ 12,536,453		$	11,845,379

	Three months ended		Nine months ended
	September 30,		September 30,
Revenue	2016	2015	2016	2015
Segment rental revenue:
Apparel	$       5,106	$       4,961	$     14,860	$     14,824
Automotive service	5,322	4,690	14,814	13,806
Automotive tire services	7,135	7,132	21,618	21,503
Beverages	7,027	6,397	19,836	19,053
Child care	4,909	5,030	14,846	14,914
Convenience stores	22,757	22,608	68,410	67,681
Dollar stores	22,652	22,086	67,975	65,976
Drug stores	29,230	27,349	86,288	75,832
Financial services	4,267	4,259	12,832	12,787
General merchandise	5,149	4,169	13,702	12,034
Grocery stores	8,331	7,501	23,452	22,504
Health and fitness	21,444	21,238	64,293	54,648
Health care	4,051	4,012	12,116	12,044
Home improvement	6,732	6,155	18,884	16,839
Motor vehicle dealerships	5,215	3,525	15,025	11,285
Restaurants-casual dining	10,951	9,376	31,364	28,119
Restaurants-quick service	13,056	9,956	38,329	29,985
Theaters	12,689	12,288	38,846	36,764
Transportation services	15,196	12,573	42,038	37,775
Wholesale club	9,368	9,341	28,107	28,024
27 other non-reportable segments	44,745	42,932	134,554	127,734
Total rental revenue	265,332	247,578	782,189	724,131
Tenant reimbursements	11,524	10,187	31,741	31,757
Other revenue	318	1,124	1,399	3,729
Total revenue	$   277,174	$   258,889	$   815,329	$   759,617