COMPONENTS OF RENTAL INCOME AND EXPENSE

9 Months Ended

Sep. 30, 2020

Revenue Recognition and Deferred Revenue [Abstract]

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Lease rental income
Office	$	43,193	$	40,187	$	127,890	$	94,899
Retail	18,334		25,065		64,198		74,535
Multifamily	11,770		11,723		35,380		35,694
Mixed-use	902		3,869		7,338		11,632
Percentage rent	1,353		553		1,677		1,108
Hotel revenue	4,680		11,257		13,948		30,365
Other	527		493		1,628		1,401
Total rental income	$	80,759	$	93,147	$	252,059	$	249,634

Lease rental income include $6.0 million and $5.2 million for the three months ended September 30, 2020 and 2019, respectively, and $17.3 million and $0.9 million for the nine months ended September 30, 2020 and 2019, respectively, to recognize lease rental income on a straight-line basis. In addition, net amortization of above and below market leases included in lease rental income were $0.9 million and $1.1 million for the three months ended September 30, 2020 and 2019, respectively, and $2.8 million and $2.8 million for the nine months ended September 30, 2020 and 2019, respectively.

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Rental operating	$	9,501	$	10,175	$	28,078	$	27,734
Hotel operating	3,153		6,564		10,893		18,573
Repairs and maintenance	4,199		4,134		12,816		11,564
Marketing	498		631		1,384		1,745
Rent	1,029		841		2,834		2,531
Hawaii excise tax	556		1,099		1,928		2,957
Management fees	272		545		824		1,507
Total rental expenses	$	19,208	$	23,989	$	58,757	$	66,611