FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

12 Months Ended

Dec. 31, 2012

FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

NOTE 13.    FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES

ARL’s operations include the leasing of commercial properties (office buildings, industrial warehouses and shopping centers). The leases, thereon, expire at various dates through 2023. The following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2012 (dollars in thousands):

Year	Amount
2013	$	17,554
2014		13,814
2015		10,244
2016		7,660
2017		5,020
Thereafter		7,823
Total	$	62,115