COMPONENTS OF RENTAL INCOME AND EXPENSE

6 Months Ended

Jun. 30, 2023

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Lease rental income
Office	$	50,269	$	48,949	$	99,595	$	96,999
Retail	24,707		23,286		49,385		47,327
Multifamily	14,146		13,167		28,663		26,083
Mixed-use	3,024		2,814		5,974		5,614
Percentage rent	605		756		1,160		1,238
Hotel revenue	10,491		9,414		20,509		17,469
Other	659		630		1,325		1,272
Total rental income	$	103,901	$	99,016	$	206,611	$	196,002

Lease rental income includes $1.0 million and $0.1 million for the three months ended June 30, 2023 and 2022, respectively, and $3.2 million and $3.8 million for the six months ended June 30, 2023 and 2022, 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 June 30, 2023 and 2022, respectively, and $1.6 million and $1.7 million for the six months ended June 30, 2023 and 2022, respectively.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Rental operating	$	12,911	$	11,379	$	25,351	$	22,523
Hotel operating	7,343		6,474		14,260		12,122
Repairs and maintenance	5,411		5,309		10,646		10,069
Marketing	569		469		1,077		988
Rent	883		781		1,766		1,590
Hawaii excise tax	1,016		923		1,987		1,732
Management fees	578		518		1,129		974
Total rental expenses	$	28,711	$	25,853	$	56,216	$	49,998