Segment Information

6 Months Ended

Jun. 30, 2014

Segment Information

Segment Information

18.   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 June 30, 2014 (dollars in thousands):

	June 30,		December 31,
Assets, as of:	2014		2013
Segment net real estate:
Apparel	$	177,160	$	114,126
Automotive service	107,348		109,324
Automotive tire services	259,204		258,403
Beverages	304,139		306,278
Child care	55,606		56,599
Convenience stores	767,949		766,472
Dollar stores	1,174,859		824,274
Drug stores	1,002,563		943,401
Financial services	265,762		252,764
Food processing	135,636		138,000
Grocery stores	336,253		280,047
Health and fitness	549,349		493,981
Health care	230,002		228,491
Restaurants-casual dining	465,496		477,130
Restaurants-quick service	303,722		312,474
Theaters	375,486		367,830
Transportation services	660,701		623,541
Wholesale club	471,905		455,875
30 other non-reportable segments	1,977,989		1,787,599
Total segment net real estate	9,621,129		8,796,609
Intangible assets:
Apparel	53,167		37,553
Automotive service	3,079		3,248
Automotive tire services	15,430		15,770
Beverages	2,926		3,055
Convenience stores	18,286		13,342
Dollar stores	61,039		50,209
Drug stores	190,077		180,506
Financial services	42,033		40,112
Food processing	24,110		25,297
Grocery stores	43,849		22,073
Health and fitness	67,222		53,703
Health care	37,550		38,465
Restaurants-casual dining	11,277		11,906
Restaurants-quick service	17,405		17,936
Theaters	23,986		23,600
Transportation services	107,316		107,296
Wholesale club	41,629		33,221
Other non-reportable segments	287,758		258,167
Goodwill:
Automotive service	453		454
Automotive tire services	865		865
Child care	5,132		5,141
Convenience stores	2,031		2,031
Restaurants-casual dining	2,300		2,328
Restaurants-quick service	1,097		1,131
Other non-reportable segments	3,678		3,710
Other corporate assets	127,578		176,713
Total assets	$	10,812,402	$	9,924,441

		Three months ended				Six months ended
		June 30,				June 30,
Revenue		2014		2013		2014		2013
Segment rental revenue:
Apparel	$		4,276	$	3,501	$	8,077	$	6,952
Automotive service		4,261		3,867		8,117		7,661
Automotive tire services		7,086		6,752		14,138		13,240
Beverages		6,253		6,179		12,506		12,357
Child care		4,996		5,343		9,984		10,518
Convenience stores		22,525		20,505		44,629		40,451
Dollar stores		21,611		10,184		41,070		19,774
Drug stores		21,141		12,661		41,405		22,923
Financial services		4,201		3,915		8,302		7,059
Food processing		3,005		2,815		6,010		5,484
Grocery stores		6,710		5,527		12,600		10,812
Health and fitness		15,466		10,859		30,314		21,162
Health care		4,018		3,839		8,005		6,821
Restaurants-casual dining		9,649		9,615		19,405		18,813
Restaurants-quick service		7,868		7,672		16,597		15,613
Theaters		11,548		11,538		23,077		23,046
Transportation services		11,503		10,447		22,786		19,078
Wholesale club		9,245		6,085		17,997		12,041
30 other non-reportable segments		46,506		38,785		90,970		74,082
Total rental revenue		221,868		180,089		435,989		347,887
Tenant reimbursements		6,169		4,485		12,597		10,512
Other revenue		609		1,869		1,632		3,566
Total revenue	$		228,646	$	186,443	$	450,218	$	361,965