CorEnergy Infrastructure Trust, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

LEASED PROPERTIES AND LEASES (Tables)

LEASED PROPERTIES AND LEASES (Tables)

12 Months Ended

Dec. 31, 2023

The Company noted the following information regarding its operating leases for the years ended December 31, 2023 and 2022:


	For the Year Ended
	December 31, 2023		December 31, 2022
Lease cost:
Operating lease cost	$	1,622,853	$	1,786,402

Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid on operating leases	$	1,269,790	$	1,783,822

Supplemental disclosure of non-cash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities(1)	$	336,656	$	66,385
(1) Includes lease extensions

The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee:



	December 31, 2023		December 31, 2022
Weighted-average remaining lease term - operating leases (in years)	9.8		11.0
Weighted-average discount rate - operating leases	8.50	%	7.45	%

Future Minimum Lease Receipts

The following table reflects the undiscounted cash flows for future minimum lease payments under non-cancellable operating leases reconciled to the Company's lease liabilities on our Consolidated Balance Sheet as of December 31, 2023:



For the Years Ending December 31,	Operating Leases

2024	976,299
2025	1,011,878
2026	942,903
2027	952,464
2028	967,093
Thereafter	4,737,344
Total	9,587,981
Less: Present Value Discount	3,079,496
Operating Lease Liabilities(1)	$	6,508,485
(1) includes the operating lease liabilities of MoGas of $27,792, which was included in Held-for-Sale as of December 31, 2023. See Note 3 ("Held-For-Sale").