Operating Leases

12 Months Ended

Nov. 30, 2014

Operating Leases

Operating Leases

12. Operating Leases

        Griffin's rental revenue reflects the leasing of industrial, flex and office space and the leasing of nursery growing facilities in Connecticut and Florida previously used by Imperial. Future minimum rental payments, including expected tenant reimbursements, to be received under noncancelable leases as of November 30, 2014 were:

2015	$	19,971
2016		17,771
2017		17,272
2018		14,546
2019		12,519
Later years		28,022
	$	110,101

        All future minimum rental payments, principally for Griffin's corporate headquarters, under noncancelable leases, as lessee, as of November 30, 2014 were:

2015	$	179
2016		149
Total minimum lease payments	$	328

        Total rental expense for all operating leases, as lessee, in fiscal 2014, fiscal 2013 and fiscal 2012 was $210, $242 and $247, respectively.