Components Of Rental Income

12 Months Ended

Dec. 31, 2015

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,
	2015		2014		2013
	(In thousands)
Minimum rents
Retail and commercial	$	509,825	$	472,602	$	448,058
Residential	42,797		36,099		28,902
Cost reimbursement	148,110		135,592		122,578
Percentage rent	11,911		10,169		9,359
Other	15,169		11,860		11,192
Total rental income	$	727,812	$	666,322	$	620,089

Minimum rents include the following:

	Year Ended December 31,
	2015		2014		2013
	(In millions)
Straight-line rents	$	7.6	$	5.1	$	5.4
Net amortization of above and below market leases	$	2.7	$	2.4	$	3.1

The principal components of rental expenses are as follows:

	Year Ended December 31,
	2015		2014		2013
	(In thousands)
Repairs and maintenance	$	62,420	$	55,444	$	46,600
Utilities	23,003		20,499		19,219
Management fees and costs	18,639		17,416		16,250
Payroll	12,673		11,554		9,237
Marketing	9,046		9,532		8,664
Insurance	7,875		6,462		6,811
Ground Rent	2,540		1,952		1,916
Bad debt expense	1,168		2,021		442
Other operating	10,229		10,537		9,556
Total rental expenses	$	147,593	$	135,417	$	118,695