COMPONENTS OF RENTAL INCOME AND EXPENSE

3 Months Ended

Mar. 31, 2014

Operating Leases, Income Statement, Lease Revenue [Abstract]

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



	Three Months Ended March 31,
	2014		2013
Minimum rents
Retail	$	17,292	$	17,351
Office	20,236		20,500
Multifamily	3,834		3,583
Mixed-use	2,470		2,420
Cost reimbursement	6,804		5,671
Percentage rent	425		418
Hotel revenue	9,002		8,848
Other	419		431
Total rental income	$	60,482	$	59,222

Minimum rents include $1.0 million and $0.7 million for the three months ended March 31, 2014 and 2013, 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 $0.6 million and $0.5 million for the three months ended March 31, 2014 and 2013.

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



	Three Months Ended March 31,
	2014		2013
Rental operating	$	6,526	$	6,314
Hotel operating	5,553		5,482
Repairs and maintenance	2,122		2,114
Marketing	390		352
Rent	611		613
Hawaii excise tax	965		939
Management fees	453		472
Total rental expenses	$	16,620	$	16,286