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Segment Information
3 Months Ended
Mar. 31, 2017
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 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):

 

 

 

 

March 31,

 

December 31,

 

Assets, as of:

 

2017

 

2016

 

Segment net real estate:

 

 

 

 

 

Apparel

 

$    173,999

 

$          175,418

 

Automotive service

 

205,607

 

152,220

 

Automotive tire services

 

251,650

 

238,151

 

Beverages

 

292,377

 

293,447

 

Child care

 

48,604

 

49,584

 

Convenience stores

 

1,041,436

 

1,050,285

 

Dollar stores

 

1,111,511

 

1,120,896

 

Drug stores

 

1,529,785

 

1,541,846

 

Financial services

 

403,931

 

408,228

 

General merchandise

 

247,193

 

248,040

 

Grocery stores

 

679,524

 

464,359

 

Health and fitness

 

807,317

 

823,697

 

Home improvement

 

309,905

 

311,459

 

Motor vehicle dealerships

 

209,588

 

197,713

 

Restaurants-casual dining

 

499,380

 

511,863

 

Restaurants-quick service

 

571,215

 

574,532

 

Theaters

 

365,757

 

370,732

 

Transportation services

 

791,483

 

796,717

 

Wholesale club

 

436,306

 

439,557

 

28 other non-reportable segments

 

2,119,272

 

2,135,047

 

 

 

 

 

 

 

Total segment net real estate

 

12,095,840

 

11,903,791

 

 

 

 

 

 

 

Intangible assets:

 

 

 

 

 

Apparel

 

42,704

 

43,786

 

Automotive service

 

36,905

 

33,160

 

Automotive tire services

 

11,115

 

11,533

 

Beverages

 

2,216

 

2,280

 

Convenience stores

 

14,004

 

14,372

 

Dollar stores

 

49,853

 

51,249

 

Drug stores

 

179,784

 

182,981

 

Financial services

 

28,551

 

29,749

 

General merchandise

 

43,975

 

43,248

 

Grocery stores

 

102,491

 

65,412

 

Health and fitness

 

62,202

 

63,574

 

Home improvement

 

47,434

 

49,932

 

Motor vehicle dealerships

 

34,412

 

25,032

 

Restaurants-casual dining

 

21,563

 

22,058

 

Restaurants-quick service

 

42,606

 

43,356

 

Theaters

 

12,860

 

13,822

 

Transportation services

 

98,001

 

101,664

 

Wholesale club

 

31,941

 

32,723

 

Other non-reportable segments

 

245,479

 

252,389

 

 

 

 

 

 

 

Goodwill:

 

 

 

 

 

Automotive service

 

439

 

440

 

Automotive tire services

 

862

 

862

 

Child care

 

4,945

 

4,945

 

Convenience stores

 

2,004

 

2,008

 

Restaurants-casual dining

 

2,094

 

2,107

 

Restaurants-quick service

 

1,068

 

1,068

 

Other non-reportable segments

 

3,624

 

3,637

 

Other corporate assets

 

203,214

 

151,693

 

 

 

 

 

 

 

Total assets

 

$
13,422,186

 

$     13,152,871

 

 

 

 

 

 

 

 

 

Revenue for the three months ended March 31,

 

2017

 

2016

 

Segment rental revenue:

 

 

 

 

 

Apparel

 

$       4,966

 

$       4,875

 

Automotive service

 

5,543

 

4,677

 

Automotive tire services

 

7,159

 

7,264

 

Beverages

 

7,758

 

6,404

 

Child care

 

5,487

 

5,092

 

Convenience stores

 

28,303

 

22,864

 

Dollar stores

 

22,752

 

22,595

 

Drug stores

 

31,631

 

28,421

 

Financial services

 

7,159

 

4,313

 

General merchandise

 

5,361

 

4,259

 

Grocery stores

 

10,162

 

7,645

 

Health and fitness

 

21,605

 

21,304

 

Home improvement

 

6,919

 

6,054

 

Motor vehicle dealerships

 

6,736

 

4,214

 

Restaurants-casual dining

 

10,890

 

9,835

 

Restaurants-quick service

 

14,336

 

12,794

 

Theaters

 

13,344

 

13,449

 

Transportation services

 

15,388

 

13,091

 

Wholesale club

 

9,413

 

9,370

 

28 other non-reportable segments

 

50,909

 

48,281

 

 

 

 

 

 

 

Total rental revenue

 

285,821

 

256,801

 

Tenant reimbursements

 

11,229

 

9,105

 

Other revenue

 

975

 

1,210

 

 

 

 

 

 

 

Total revenue

 

$   298,025

 

$   267,116