COMPONENTS OF RENTAL INCOME AND EXPENSE

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Lease rental income
Office	$	51,637	$	45,855	$	148,636	$	132,229
Retail	24,310		23,438		71,637		65,866
Multifamily	13,539		12,169		39,622		35,684
Mixed-use	2,960		2,618		8,574		6,851
Percentage rent	978		969		2,216		2,593
Hotel revenue	11,379		8,164		28,848		17,626
Other	665		591		1,937		1,724
Total rental income	$	105,468	$	93,804	$	301,470	$	262,573

Lease rental income includes $2.5 million and $3.8 million for the three months ended September 30, 2022 and 2021, respectively, and $6.3 million and $10.8 million for the nine months ended September 30, 2022 and 2021, 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 $0.8 million and $0.8 million for the three months ended September 30, 2022 and 2021, respectively, and $2.5 million and $2.4 million for the nine months ended September 30, 2022 and 2021, respectively.

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Rental operating	$	12,272	$	11,014	$	34,795	$	30,165
Hotel operating	7,230		5,429		19,352		12,287
Repairs and maintenance	5,799		4,492		15,868		12,263
Marketing	489		470		1,477		1,174
Rent	815		856		2,405		3,166
Hawaii excise tax	1,231		794		2,963		1,960
Management fees	602		411		1,576		901
Total rental expenses	$	28,438	$	23,466	$	78,436	$	61,916