DineEquity, Inc. owns franchises and operates two restaurant concepts: Applebee's Neighborhood Grill & Bar, (Applebee's), in the bar and grill segment and International House of Pancakes (IHOP), in the family dining category. It generates revenue from four segments: Franchise operations, Rental operations, Company restaurant operations and Financing operations. Franchise operations include royalties, fees and other income from 1,988 Applebee’s franchised restaurants and 1,607 IHOP franchised and area licensed restaurants. Rental operations include rental income derived from lease or sublease agreements covering 723 IHOP franchised restaurants and one Applebee’s franchised restaurant. Company restaurant operations include retail sales from 23 Applebee’s Company-operated restaurants and 13 IHOP company-operated restaurants. Financing operations include interest income for equipment leases and franchise fee notes associated with IHOP franchised restaurants.