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FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

12 Months Ended

Dec. 31, 2014

FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

NOTE 12. FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

ARL’s operations include the leasing of commercial properties (office buildings, industrial warehouses and retail centers). The leases, thereon, expire at various dates through 2025. The following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2014 (dollars in thousands):

Year		Amount
2015		$ 17,627
2016		16,063
2017		13,665
2018		12,470
2019		8,136
Thereafter		20,000
Total		$ 87,961