COMPONENTS OF RENTAL INCOME AND EXPENSE

6 Months Ended

Jun. 30, 2021

Revenue Recognition and Deferred Revenue [Abstract]

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Lease rental income
Office	$	43,012	$	42,484	$	86,374	$	84,697
Retail	21,575		20,909		42,428		45,864
Multifamily	11,763		11,643		23,515		23,610
Mixed-use	3,438		2,504		4,233		6,436
Percentage rent	1,098		23		1,624		324
Hotel revenue	6,191		1,143		9,462		9,268
Other	562		524		1,133		1,101
Total rental income	$	87,639	$	79,230	$	168,769	$	171,300

Lease rental income includes $1.9 million and $7.0 million for the three months ended June 30, 2021 and 2020, respectively, and $7.0 million and $9.7 million for the six months ended June 30, 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 was $0.7 million and $1.0 million for the three months ended June 30, 2021 and 2020, respectively, and $1.5 million and $1.9 million for the six months ended June 30, 2021 and 2020, respectively.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Rental operating	$	9,655	$	8,695	$	19,151	$	18,577
Hotel operating	4,134		1,993		6,858		7,740
Repairs and maintenance	4,029		4,320		7,771		8,617
Marketing	311		379		704		886
Rent	1,158		952		2,310		1,805
Hawaii excise tax	634		507		1,166		1,372
Management fees	283		135		490		552
Total rental expenses	$	20,204	$	16,981	$	38,450	$	39,549