Components Of Rental Income

12 Months Ended

Dec. 31, 2013

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,
	2013		2012		2011
	(In thousands)
Minimum rents
Retail and commercial	$	448,058	$	420,989	$	390,975
Residential	28,902		27,611		23,101
Cost reimbursement	122,578		112,424		106,077
Percentage rent	9,359		8,568		7,576
Other	11,192		10,522		9,020
Total rental income	$	620,089	$	580,114	$	536,749

Minimum rents include the following:

	Year Ended December 31,
	2013		2012		2011
	(In millions)
Straight-line rents	$	5.4	$	6.1	$	5.6
Net amortization of above and below market leases	$	3.1	$	1.1	$	1.4

The principal components of rental expenses are as follows:

	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Repairs and maintenance	$	46,600	$	41,550	$	41,873
Utilities	19,219		19,201		18,817
Management fees and costs	16,250		15,167		14,989
Payroll	9,237		8,691		8,067
Bad debt expense	442		2,173		2,643
Ground rent	1,916		2,189		2,047
Insurance	6,811		6,267		5,254
Marketing	8,664		7,321		6,868
Other operating	9,556		10,057		8,806
Total rental expenses	$	118,695	$	112,616	$	109,364