Quarterly report pursuant to Section 13 or 15(d)

Rental Revenue

v3.7.0.1
Rental Revenue
3 Months Ended
Mar. 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 the noncancelable operating leases related to its portfolio of facilities in effect as of March 31, 2017, are as follows for the subsequent years ended December 31; as listed below.
 
2017
 
$
17,629,066
 
2018
 
 
23,842,680
 
2019
 
 
24,292,689
 
2020
 
 
24,732,689
 
2021
 
 
22,669,753
 
Thereafter
 
 
164,999,000
 
Total
 
$
278,165,877
 
 
For the three months ended March 31, 2017, the HealthSouth facilities constituted approximately 30% of the Company’s rental revenue, the Omaha and Plano facilities each constituted approximately 9% of the Company’s rental revenue, and the Tennessee facilities constituted approximately 8% of rental revenue. All other facilities in the Company’s portfolio constituted the remaining 44% of the total rental revenue with no individual facility representing greater than approximately 6% of total rental revenue.
 
For the three months ended March 31, 2016, the Omaha facility constituted approximately 34% of the Company’s rental revenue, the Tennessee facilities constituted approximately 27% of rental revenue, the Plano Facility constituted approximately 18% of rental revenue and the Pittsburgh facility constituted approximately 17% of rental revenue. All other facilities individually contributed the remaining total of approximately 4% of rental revenue.