NOTE 6 – RENTAL REVENUES

The Company’s properties are leased to various national and local companies under leases expiring through 2016. As of February 28, 2015, 15 tenants leased approximately 25.2% of the space at the West Palm Beach property and one tenant leased approximately 5.2% of the space at the Paramus property. One tenant accounted for approximately 24% of the rental revenues for the period from February 10, 2015 to February 28, 2015.

Future minimum rentals under noncancellable terms of tenants’ operating leases as of February 28, 2015 are as follows (in thousands):

Year ended:	Future Minimum Rentals

February 27, 2016	$	387
March 4, 2017		113

	$	500