Segment Information

3 Months Ended

Mar. 31, 2014

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, 2014 (dollars in thousands):

	March 31,		December 31,
Assets, as of:	2014		2013
Segment net real estate:
Apparel	$	127,291	$	110,966
Automotive service		108,121		108,940
Automotive tire services		256,687		258,787
Beverages		305,209		306,278
Child care		56,036		56,599
Convenience stores		773,791		766,472
Dollar stores		1,160,050		824,274
Drug stores		1,011,654		943,401
Financial services		266,085		252,764
Food processing		136,812		138,000
Grocery stores		299,728		283,207
Health and fitness		544,080		493,981
Health care		231,341		228,491
Restaurants-casual dining		471,085		477,130
Restaurants-quick service		304,035		312,474
Theaters		364,493		367,830
Transportation services		656,417		623,541
Wholesale club		452,819		455,875
30 other non-reportable segments		1,827,491		1,787,599
Total segment net real estate		9,353,225		8,796,609
Intangible assets:
Apparel		41,200		37,249
Automotive service		3,163		3,248
Automotive tire services		15,389		15,770
Beverages		2,990		3,055
Convenience stores		18,656		13,342
Dollar stores		58,437		50,209
Drug stores		191,720		180,506
Financial services		42,678		40,112
Food processing		24,704		25,297
Grocery stores		26,598		22,377
Health and fitness		67,003		53,703
Health care		39,102		38,465
Restaurants-casual dining		11,591		11,906
Restaurants-quick service		17,473		17,936
Theaters		22,434		23,600
Transportation services		110,458		107,296
Wholesale club		32,505		33,221
Other non-reportable segments		259,962		258,167
Goodwill:
Automotive service		454		454
Automotive tire services		865		865
Child care		5,132		5,141
Convenience stores		2,031		2,031
Restaurants-casual dining		2,319		2,328
Restaurants-quick service		1,105		1,131
Other non-reportable segments		3,692		3,710
Other corporate assets		125,895		176,713
Total assets	$	10,480,781	$	9,924,441

Revenue for the three months ended March 31,	2014		2013
Segment rental revenue:
Apparel	$	3,728	$	3,378
Automotive service		3,840		3,779
Automotive tire services		7,068		6,504
Beverages		6,253		6,179
Child care		4,988		5,175
Convenience stores		22,105		19,946
Dollar stores		19,458		9,589
Drug stores		20,263		10,262
Financial services		4,101		3,145
Food processing		3,005		2,669
Grocery stores		5,964		5,359
Health and fitness		14,848		10,303
Health care		3,987		2,982
Restaurants-casual dining		9,757		9,198
Restaurants-quick service		8,729		7,941
Theaters		11,529		11,508
Transportation services		11,282		8,631
Wholesale club		8,751		5,956
30 other non-reportable segments		44,466		35,294
Total rental revenue		214,122		167,798
Tenant reimbursements		6,427		6,027
Other revenue		1,023		1,697
Total revenue	$	221,572	$	175,522