Quarterly report pursuant to Section 13 or 15(d)

Realty Income Office Assets, Segment Information

v3.21.2
Realty Income Office Assets, Segment Information
 9 Months Ended
Sep. 30, 2021
Realty Income Office Assets  
Entity Information [Line Items]  
Segment Information
Note 9 – Segment Information
Realty Income Office Assets evaluates performance and makes resource allocation decisions on an industry-by-industry basis. For financial reporting purposes, clients are organized into 12 activity segments. All properties are incorporated into one of the applicable segments. All segments listed below are located within the U.S. Because substantially all leases require clients to pay or reimburse for operating expenses, rental revenue is the only component of segment profit and loss measured.
The following tables set forth certain information regarding the properties owned by Realty Income Office Assets, classified according to the business of the respective clients (dollars in thousands):
September 30, 2021 December 31, 2020
Segment net real estate assets:
Aerospace $ 14,985 $ 15,406
Diversified Industrial 27,815 28,465
Drug Stores 70,442 71,787
Financial Services 54,522 56,077
Food Processing 11,718 12,133
General Merchandise 19,531 19,999
Government Services 92,419 94,960
Health Care 73,696 75,795
Insurance 4,655 4,844
Other Manufacturing 20,877 21,337
Telecommunications 36,100 37,427
Transportation Services 58,144 59,646
Total segment net real estate assets
 $ 484,904 $ 497,876
Intangible assets:
Aerospace $ 2,192 $ 2,348
Diversified Industrial 1,827 2,344
Financial Services 1,693 2,166
Food Processing 1,249 1,658
General Merchandise 2,957 3,701
Government Services 4,531 5,452
Health Care 3,388 3,666
Insurance 107 199
Other Manufacturing 1,669 1,889
Telecommunications 1,027 1,794
Transportation Services 2,856 3,463
Total intangible assets $ 23,496 $ 28,680
Other corporate assets 16,597 19,875
Total assets $ 524,997 $ 546,431
Three Months Ended September 30, Nine Months Ended September 30,
Revenue 2021 2020 2021 2020
Segment rental revenue:
Aerospace $ 545 $ 537 $ 1,635 $ 1,620
Diversified Industrial 1,148 702 2,558 2,107
Drug Stores 1,461 1,461 4,382 4,382
Financial Services 1,325 1,312 3,974 3,937
Food Processing 438 438 1,314 1,314
General Merchandise 725 714 2,154 2,144
Government Services 2,531 2,204 7,611 7,042
Health Care 1,818 1,843 5,463 5,549
Insurance 180 178 536 534
Other Manufacturing 568 1,332 1,577 3,941
Telecommunications 1,384 1,345 4,153 4,035
Transportation Services 1,192 1,190 3,573 3,570
Total rental revenue (including reimbursable)
 $ 13,315 $ 13,256 $ 38,930 $ 40,175