Annual report pursuant to Section 13 and 15(d)

Rental Revenue

v3.8.0.1
Rental Revenue
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Operating Leases of Lessor Disclosure [Text Block]
Note 8 – Rental Revenue
 
The aggregate annual minimum cash to be received by the Company on its noncancelable operating leases as of December 31, 2017 are as follows:
 
2018
 
$
36,005
 
2019
 
 
36,708
 
2020
 
 
37,412
 
2021
 
 
35,654
 
2022
 
 
34,446
 
Thereafter
 
 
247,065
 
Total
 
$
427,290
 
 
For the year ended December 31, 2017, the HealthSouth facilities constituted approximately 20% of the Company’s rental revenue, the OCOM facilities constituted approximately 12% of the Company’ rental revenue, the Great Bend facility constituted approximately 7% of the Company’s rental revenue, the Omaha and Plano facilities each constituted approximately 6% of the Company’s rental revenue, and the Tennessee and Sherman facilities each constituted approximately 5% of the Company’s rental revenue. All other facilities in the Company’s portfolio constituted the remaining 39% of the total rental revenue with no individual facility constituting greater than approximately 4% of total rental revenue.
 
For the year ended December 31, 2016, the Omaha facility constituted approximately 21% of the Company’s rental revenue, the Plano facility constituted approximately 18% of rental revenue, the Tennessee facilities constituted approximately 17% of rental revenue, the West Mifflin facility constituted approximately 11% of rental revenue, the Melbourne facility constituted approximately 11% of rental revenue, the Reading facility constituted approximately 4% of rental revenue, and the Westland facilities constituted approximately 4% of rental revenue. The Asheville, East Orange, and Watertown facilities constituted approximately 3% of rental revenue each. The remaining 5% of rental revenue was derived from the other facilities in the Company’s portfolio.
 
For the year ended December 31, 2015, the Omaha facility constituted approximately 80% of the Company’s rental revenue and the West Mifflin and Asheville facilities constituted approximately 10% each.