COMPONENTS OF RENTAL INCOME AND EXPENSE

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



	Year Ended December 31,
	2014		2013		2012
Minimum rents
Retail	$	70,573	$	69,374	$	67,046
Office	82,018		81,845		71,817
Multifamily	15,732		14,926		13,796
Mixed-Use	10,004		9,549		8,893
Cost reimbursement	29,052		27,583		27,763
Percentage rent	3,107		2,655		2,608
Hotel revenue	33,911		35,137		31,729
Other	1,681		1,688		1,597
Total rental income	$	246,078	$	242,757	$	225,249

Minimum rents include $1.9 million, $2.6 million and $7.2 million for the years ended December 31, 2014, 2013 and 2012, respectively, to recognize minimum rents on a straight-line basis. In addition, minimum rents include $2.8 million, $2.4 million and $(0.2) million for the years ended December 31, 2014, 2013 and 2012, respectively, to recognize the amortization of above and below market leases.

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



	Year Ended December 31,
	2014		2013		2012
Rental operating	$	26,371	$	26,028	$	24,264
Hotel operating	21,488		22,115		20,905
Repairs and maintenance	10,600		10,514		9,452
Marketing	1,623		1,547		1,266
Rent	2,452		2,442		2,378
Hawaii excise tax	3,981		4,153		3,813
Management fees	1,752		1,809		2,011
Total rental expenses	$	68,267	$	68,608	$	64,089