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)

9 Months Ended

Aug. 31, 2012

Future contracted minimum rental receipts for all net leases

The future contracted minimum rental receipts for all net leases as of August 31, 2012 are as follows:


	Amount
September 1 – November 30, 2012	$	1,422,457
2013		2,844,914
2014		2,844,914
2015		1,422,457
Thereafter		—

Total	$	8,534,742

Fair value of the future minimum lease payments and estimated costs

The fair value of the future minimum lease payments and estimated costs were recorded as a liability upon the sale of the subsidiary.


Period	Lease Obligation		Interest Portion			Estimated Expenses		Total Obligation
September 1, 2012 – November 30, 2012	$	20,309	$	(437	)	$	454	$	20,326
December 1, 2012 – March 31, 2013		27,162		(245	)		605		27,522

Total	$	47,471	$	(682	)	$	1,059	$	47,848

- Definition

Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees.

+ References + Details