COMPONENTS OF RENTAL INCOME AND EXPENSE

3 Months Ended

Mar. 31, 2015

Operating Leases, Income Statement, Lease Revenue [Abstract]

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



	Three Months Ended March 31,
	2015		2014
Minimum rents
Retail	$	18,211	$	17,292
Office	21,187		20,236
Multifamily	4,034		3,834
Mixed-use	2,523		2,470
Cost reimbursement	7,037		6,804
Percentage rent	360		425
Hotel revenue	9,008		9,002
Other	393		419
Total rental income	$	62,753	$	60,482

Minimum rents include $0.7 million and $1.0 million for the three months ended March 31, 2015 and 2014, 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 $0.7 million and $0.6 million for the three months ended March 31, 2015 and 2014, respectively.

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



	Three Months Ended March 31,
	2015		2014
Rental operating	$	6,281	$	6,526
Hotel operating	5,645		5,553
Repairs and maintenance	2,251		2,122
Marketing	385		390
Rent	614		611
Hawaii excise tax	986		965
Management fees	458		453
Total rental expenses	$	16,620	$	16,620