COMPONENTS OF RENTAL INCOME AND EXPENSE (Tables)

12 Months Ended

Dec. 31, 2022

Operating Leases, Income Statement, Lease Revenue [Abstract]

Summary of Principal Components of Rental Income

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

    

	Year Ended December 31,
	2022		2021		2020
Minimum rents
Office	$	196,793	$	180,704	$	170,853
Retail	95,574		89,326		82,176
Multifamily	53,816		48,654		47,071
Mixed-Use	11,590		9,901		7,302
Percentage rent	4,004		4,337		3,516
Hotel revenue	38,115		24,935		17,209
Other	2,615		2,351		2,185
Total rental income	$	402,507	$	360,208	$	330,312

Summary of Principal Components of Rental Expenses

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

 

	Year Ended December 31,
	2022		2021		2020
Rental operating	$	47,832	$	41,488	$	38,194
Hotel operating	25,833		17,518		13,691
Repairs and maintenance	22,222		18,113		17,813
Marketing	2,379		1,779		2,023
Rent	3,215		4,023		3,955
Hawaii excise tax	4,081		2,792		2,479
Management fees	2,083		1,267		1,023
Total rental expenses	$	107,645	$	86,980	$	79,178