COMPONENTS OF RENTAL INCOME AND EXPENSE

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



	Year Ended December 31,
	2016		2015		2014
Minimum rents
Retail	$	74,050	$	72,999	$	70,573
Office	90,281		87,125		82,018
Multifamily	26,962		18,137		15,732
Mixed-Use	10,616		10,313		10,004
Cost reimbursement	33,610		30,796		29,052
Percentage rent	3,096		2,834		3,107
Hotel revenue	39,371		38,191		33,911
Other	1,512		1,492		1,681
Total rental income	$	279,498	$	261,887	$	246,078

Minimum rents include $0.8 million, $2.7 million and $1.9 million for the years ended December 31, 2016, 2015 and 2014, respectively, to recognize minimum rents on a straight-line basis. In addition, minimum rents include $3.5 million, $2.9 million and $2.8 million for the years ended December 31, 2016, 2015 and 2014, 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,
	2016		2015		2014
Rental operating	$	31,709	$	27,611	$	26,371
Hotel operating	23,607		23,112		21,488
Repairs and maintenance	12,705		11,503		10,600
Marketing	2,117		2,104		1,623
Rent	2,925		2,511		2,452
Hawaii excise tax	4,511		4,408		3,981
Management fees	1,979		1,938		1,752
Total rental expenses	$	79,553	$	73,187	$	68,267