COMPONENTS OF RENTAL INCOME AND EXPENSE

3 Months Ended

Mar. 31, 2021

Revenue Recognition and Deferred Revenue [Abstract]

COMPONENTS OF RENTAL INCOME AND EXPENSE

COMPONENTS OF RENTAL INCOME AND EXPENSE

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

	Three Months Ended March 31,
	2021		2020
Lease rental income
Office	$	43,362	$	42,213
Retail	20,853		24,955
Multifamily	11,752		11,967
Mixed-use	795		3,932
Percentage rent	526		301
Hotel revenue	3,271		8,125
Other	571		577
Total rental income	$	81,130	$	92,070

Lease rental income include $5.5 million and $2.8 million for the three months ended March 31, 2021 and 2020, 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 $0.8 million and $0.9 million for the three months ended March 31, 2021 and 2020, respectively.

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

	Three Months Ended March 31,
	2021		2020
Rental operating	$	9,496	$	9,882
Hotel operating	2,724		5,747
Repairs and maintenance	3,742		4,297
Marketing	393		507
Rent	1,152		853
Hawaii excise tax	532		865
Management fees	207		417
Total rental expenses	$	18,246	$	22,568