CorEnergy Infrastructure Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2015

Lesee's impact on total leased properties

As of June 30, 2015, the Company had three significant leases. The table below displays the impact of the Company's most significant leases on total leased properties and total lease revenues for the periods presented.



	As a Percentage of
	Leased Properties		Lease Revenues
	As of	As of	For the Three Months Ended		For the Six Months Ended
	June 30, 2015	December 31, 2014	June 30, 2015	June 30, 2014	June 30, 2015	June 30, 2014
Pinedale LGS	40.26%	79.17%	75.90%	71.85%	73.02%	73.42%
Grand Isle Gathering System ⁽¹⁾	50.10%	—	—	—	—	—
Portland Terminal Facility	9.37%	17.24%	23.82%	19.12%	22.19%	17.35%
Public Service of New Mexico ⁽²⁾	—	3.07%	—	9.03%	4.52%	9.23%


(1)	The Grand Isle Gathering System acquisition closed on June 30, 2015, with the first monthly rental payment due July 1, 2015. Although the asset has been included in Leased Properties, no rental income has been included for the period.


(2)	The Public Service of New Mexico lease terminated on April 1, 2015. See additional discussion of the PNM lease under the heading Lease of Property Held for Sale, below.

Fair value of the future minimum lease payments and estimated costs

The future contracted minimum rental receipts for all net leases as of June 30, 2015, are as follows:



Future Minimum Lease Receipts
Years Ending December 31,	Amount
2015	$	29,088,822
2016	59,382,645
2017	60,758,145
2018	60,966,145
2019	63,292,115
Thereafter	520,734,682
Total	$	794,222,554