Components Of Rental Income

12 Months Ended

Dec. 31, 2011

Components Of Rental Income and Expense [Abstract]

COMPONENTS OF RENTAL INCOME AND EXPENSE

COMPONENTS OF RENTAL INCOME AND EXPENSE

The principal components of rental income are as follows:

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Minimum rents
Retail and commercial	$	392,657	$	378,836	$	372,148
Residential (1)	23,101		21,583		21,093
Cost reimbursement	106,347		107,008		103,498
Percentage rent	7,576		6,358		6,492
Other	9,020		8,866		7,546
Total rental income	$	538,701	$	522,651	$	510,777

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(1) Residential minimum rents consist of the rental amounts for residential units at Rollingwood Apartments, The Crest at Congressional Plaza Apartments, Santana Row and Bethesda Row.

Minimum rents include the following:

	Year Ended December 31,
	2011		2010		2009
	(In millions)
Straight-line rents	$	5.7	$	4.6	$	5.4
Net amortization of above and below market leases	$	1.4	$	1.6	$	1.7

The principal components of rental expenses are as follows:

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Repairs and maintenance	$	41,977	$	42,278	$	40,874
Utilities	18,823		18,545		17,926
Management fees and costs	14,989		14,641		14,342
Payroll	8,080		7,909		7,770
Bad debt expense	2,649		6,396		6,488
Ground rent	2,047		3,049		4,458
Insurance	5,282		5,054		4,865
Marketing	6,868		4,789		4,843
Other operating	8,834		7,858		6,778
Total rental expenses	$	109,549	$	110,519	$	108,344