NOTE 13. COMPONENTS OF RENTAL INCOME AND EXPENSE

The principal components of rental income are as follows (in thousands):


	Three Months Ended March 31,
	2013		2012
Minimum rents
Retail	$	17,351	$	16,075
Office		20,500		16,247
Multifamily		3,583		3,275
Mixed-use		2,420		2,283
Cost reimbursement		5,671		6,733
Percentage rent		418		292
Hotel revenue		8,848		7,664
Other		431		439

Total rental income	$	59,222	$	53,008

Minimum rents include $0.7 million and $1.8 million for the three months ended March 31, 2013 and 2012, respectively, to recognize minimum rents on a straight-line basis. In addition, net amortization of above and below market leases included in minimum rents were $0.5 million and $(0.3) million for the three months ended March 31, 2013 and 2012, respectively.

The principal components of rental expenses are as follows (in thousands):


	Three Months Ended March 31,
	2013		2012
Rental operating	$	6,314	$	5,583
Hotel operating		5,482		4,956
Repairs and maintenance		2,114		2,004
Marketing		352		306
Rent		613		611
Hawaii excise tax		939		862
Management fees		472		496

Total rental expenses	$	16,286	$	14,818