COMPONENTS OF RENTAL INCOME AND EXPENSE

3 Months Ended

Mar. 31, 2018

Operating Leases, Income Statement, Lease Revenue [Abstract]

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



	Three Months Ended March 31,
	2018		2017
Minimum rents
Retail	$	19,654	$	18,534
Office	23,306		23,122
Multifamily	11,486		7,235
Mixed-use	2,825		2,561
Cost reimbursement	8,342		7,888
Percentage rent	436		455
Hotel revenue	9,783		9,865
Other	369		380
Total rental income	$	76,201	$	70,040

Minimum rents include $(0.8) million and $0.2 million for the three months ended March 31, 2018 and 2017, 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 $0.9 million for the three months ended March 31, 2018 and 2017, respectively.

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



	Three Months Ended March 31,
	2018		2017
Rental operating	$	8,660	$	8,073
Hotel operating	6,032		6,551
Repairs and maintenance	3,001		2,531
Marketing	412		436
Rent	794		757
Hawaii excise tax	1,033		1,025
Management fees	488		486
Total rental expenses	$	20,420	$	19,859