Net Investment in Direct Financing Leases (Tables)

3 Months Ended

Mar. 31, 2017

Loans Receivable:

Schedule of components of net investment in DFLs (dollars in thousands)

Net investment in DFLs consisted of the following (dollars in thousands):

	March 31,		December 31,
	2017		2016
Minimum lease payments receivable	$	1,095,233	$	1,108,237
Estimated residual values		500,368		539,656
Less unearned income		(883,061)		(895,304)
Net investment in direct financing leases	$	712,540	$	752,589
Properties subject to direct financing leases		29		30

DFL Watchlist Portfolio

Loans Receivable:

Summary of the Company's internal ratings for DFLs (dollars in thousands)

The following table summarizes the Company’s internal ratings for DFLs at March 31, 2017 (dollars in thousands):

	Carrying		Percentage of	Internal Ratings
Segment	Amount		DFL Portfolio	Performing DFLs		Watch List DFLs		Workout DFLs
SH NNN	$	627,936	88	$	268,350	$	359,586	$	—
Other non-reportable segments		84,604	12		84,604		—		—
	$	712,540	100	$	352,954	$	359,586	$	—