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COMPONENTS OF RENTAL INCOME AND EXPENSE
 3 Months Ended
Mar. 31, 2024
Leases [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,
 20242023
Lease rental income
Office$49,635 $49,326 
Retail25,166 24,678 
Multifamily15,279 14,517 
Mixed-use2,981 2,950 
Percentage rent548 555 
Hotel revenue10,733 10,018 
Other679 666 
Total rental income$105,021 $102,710 
Lease rental income includes $2.2 million and $2.2 million for the three months ended March 31, 2024 and 2023, 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 $0.8 million for the three months ended March 31, 2024 and 2023, respectively.
The principal components of rental expenses are as follows (in thousands): 
 Three Months Ended March 31,
 20242023
Rental operating$13,716 $12,440 
Hotel operating7,419 6,917 
Repairs and maintenance5,124 5,235 
Marketing1,029 508 
Rent925 883 
Hawaii excise tax1,035 971 
Management fees593 552 
Total rental expenses$29,841 $27,506